 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good day folks. Welcome to the February 25th Otherwise known as the fantastic Friday edition of today's Trader's Edge show I'm your host TV perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past. Hope everyone out there's having a great day Hey, let's make sure we have an extraordinary one and the easiest way to do that Well, it's to always remember that life is happening for us not to us That's right. When you and I make that one little two-by-four ship Well means we can find a gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just Past eight o'clock in the morning. That's right. If you're listening live at 8, thank you so much You're listening at one o'clock. Thank you so much We're gonna try to make this show as pertinent as we can for the 1 p.m A show but if you aren't listening live would love to hear from you So you can give us a call at 877-927-6648 if you can't call in you can always send me an email Send it to Steve at tfnn.com and inside that subject heading if you would be kind enough to put radio show question Of course in our Tigers dead well any in every ping will do so let's go ahead and get this show started on Fantastic Friday, of course This is tiger financial news network. I'm Steve Rhodes. Welcome to let's show right now. We got all the US equity futures Index futures trading to the upside. You've got the Dow futures up 65 points. That's two tenths or a cent 33 to 20 is the print Nasdaq futures up 45 three tenths S&P futures nine two tenths And the Russell two thousand and a half a percent ten points the upside she straight out at 2003 over in Asia last night a bit of a mixed bag He had the Nikkei of five hundred five points nearly two percent Shanghai was up by six tenths and the Hang Seng was up six tenths percent Over in Europe this morning the DAX seven a big day up two and a half percent So is the footsie up two and seven tenths percent gold is straight out of 1898 might be pulling back to test a Key level of support sovers trade now to 24 19 will certainly take a look at those during the show You've got lights we crude trade out of 93 26 That's about 43 cents and the 30-year Treasury is down 15 ticks trade out at 151 31 So let's begin by taking a look at Let's do this here. We're gonna switch charts Let's take a look at the equity futures That's where we're gonna begin today and we're gonna begin by taking a look at the daily time frame And as long as we're over here what we'll do is we'll go ahead and switch to the eight panel charts That way we can get a feel for the market is communicating to us But if we take a look at this at a church here one thing that you will see is we have a TD nine count bottoms that formed yesterday in the ES the NQ and the Dow Inside the NQ what you can see that's the upper right-hand corner chart is that price also or yesterday was also a confirmation of Roadsman to indicator signal no two bottoms. They'll make it better than one bottom out there It's just got two bottoms But what price did yesterday is price stopped right where the first level of where a countertrend move Should find resistance now it still may do that by day's end That's that red oscillator and change line, but as we speak at 8.09 in the morning prices trading above that So that red line at 8.09 is at 13 636 and we're at 14,000 so that line is gonna move up if price moves up But if you listen to 110 and you're above that level then what price is likely doing this is the daily time frame for the NQ is targeting the 14 484 or 14 874 now the 14. I'm sorry 14 766 and that that it can't target 14 874 but 14 766 is the TD 9 count breakdown level That's another beauty about the TD 9 count pattern. It provides us where breakout support or resistance is that as well as gives us top and bottom Signal so we've got the bottom signal here and if price close above that red oscillator change I know red oscillator change line is not nearly as strong as a green one a red one tells us that the price Oscillator is below zero. So it's still in somewhat bearish condition so to speak but with price above that red line It's rising. So the price oscillator is rising. So we've got the bottom signal out here So price really should continue higher But if it does get deflected by this red oscillator change line day's end shouldn't be a surprise to any of us But right now the signal here and what we don't have is a unanimous agreement that price needs to move higher Now we do have the bottom signals absolutely in the case of the ES mini It is likely going to target should the NQ continue to move the markets higher And I believe that it will the the top holdings inside the NDX 100 are suggesting that as well And so the ES mini should then go ahead and target the 43 26 level the case of the Dow It also formed a TD 9 count bottom yesterday a bullish reversal candle today Which is easy to do because yesterday was a little doji candle would also generate a rogeman Indicator bottom again two bottoms are not necessarily better than one But in this instance what price should do is go target the 33 833 area. That's the red oscillator change line That's what the value is as of 8 11 in the morning It's going to change throughout the day But that's gives you your your ballpark now if the ES in the end and a YM Okay close above their red oscillator and change lines Then that gives them target levels are which will be profile areas or could be their TD 9 breakdown levels inside Yes, that TD 9 breakdown levels at 45 20 inside the Dow. It's up at the 35 330 level now the Russell 2000 The Russell 2000 Is trade above its red oscillator and change line and that means it likely wants to go target the 2061 level So that's what's going on on the daily time frame charts out here Let's go ahead and switch from this and switch over to our eight panel We're still going to stick with the equity futures out here And we'll begin by take a look at the ES mini what we're doing here folks is now We have a a little bit of a larger view and what I mean by that first We can take a look at the monthly chart, you know where we add on a monthly basis on a monthly basis You've got a TD 9 count top price below a green oscillator and change line that always says that over time We might see move down to 37 20 now if we were going to see a move to 37 20 And the question would be or the question should be or the question always pops up in my mind Well, how are we going to know if we're going to move to 37 20? Pretty easy you have to break through a key level of support on the weekly time frame Turns out that the key level of support for the ES mini on a weekly time frame is at 41 26 That is its TD 9 count breakout level now Even though you don't have a bottom signal here You'll need bar number six on a weekly basis pulling back to support is perhaps the most fundamental Aspect of trading out here and that in fact is what the ES mini has done on a weekly basis So if we were to see a close, I'm not saying that's gonna happen this week I'm not saying that's gonna happen But if we did get a weekly close below 41 26 75 That would then be the signal that prices trying to make its way back to the 37 20 area It doesn't mean that there's not other stops along the way to the downside But that's where price would likely head to So that's what this monthly and the weekly charts are confirming for us back to the daily We've already beaten that up. So now let's go take a look at intraday charts on a 30 minute time frame chart Yes, that move higher off of the news that you know, we don't know if it's real news or not or if it means anything or not that out of China supposedly that Russia's willing to sit down and negotiate with the the Basically the the the folks over in Ukraine like the you know, that basically would just mean what that would mean Telling them what their job is or isn't and what they need to do but in any event with regard to the ES mini the market respond Positively positively to that it did trigger a road's momentum indicator signal with that alone is not a top You need a bearish reversal candle And so right now with the price above the oscillator and change line and the top of its profile These are bullish conditions. So for the 30 minute time frame chart the signal here is that price should continue to move higher Steve Rhodes with TFN will be right back And now what we'll do is we'll switch off of the equity futures We can come back to these will go to one of the first requests that we've got which is Nordic American tankers What's separating you from the most successful men and women on Wall Street? 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Thanks much for listening in whether it's at the 1-18 time frame We're certainly live. We're gonna begin by take a look at Nordic American tankers That is a request from Brent in Martinez, California. He's up early says I'd appreciate your analysis on that Considering a long position their earnings came out this morning and that removes an unknown which is helpful in the levels You can identify in the daily weekly For both support and resistance would be great have fantastic we can you do as well So big move yesterday a wide-ranging bar taking out the top of its bear structured daily profile Nothing more bullish and a failed bearish pattern Now what price did also though Brent is a stop right at the center an essence of its weekly profile It's a bear so we have a bullet. We had a bear structured daily profile We now have a bearish and we have a bear structured weekly profile that form last week So price stopped right at a trend line as well as basically at the center of that weekly profile That's a resistance level and that is at 173 the close was 171 So price can really take out so your resistance levels between 173 and 184 right now And that's coming from the weekly profile pricing it above that the next profile resistance level would be at 275 Let's go pull over the white background charts. See what other information we can provide to Brent If we take a look at a resistance level in the daily time frame where price should be targeting is 184 184 is its TD9 count breakdown level if in fact price can close above that on a daily basis That suggests it is signaling a change in trend and move to the upside its next battle would be a $2 even Steven We take a look at the weekly time frame chart about two weeks ago Three week one two weeks ago. We had a this generated a confirmed Roads momentum indicator bottom for that weekly time frame now get prices trading with inside that profile bearish and structure a close above 184 and 184 was the daily resistance levels. Well, that's the TD9 count breakdown area breakdown level So a close above 184 for the daily gives us a change in trend for the weekly says they move up to 243 would be likely That is its breakdown level as finally switching over to the monthly time frame chart I don't really have anything out here per se This might or might not become bar number eight You won't really won't know so we can't really use the the monthly time frame chart for much on a 30-minute basis As we went into the close yesterday Brent. It was bar number seven that formed So likely we're gonna see or this could or should Form a short-term top here and that would occur by By 1030 if it does form that but that would be a TD9 count top I can't guarantee that's what's gonna happen cuz we're only bar number seven But that's something that I would be looking at 65 minute time frame says hey Steve I don't know what you're talking about. I already have a TD9 count top So that would say that if you saw a hourly close or 65-minute close So that would be a close at 1035 in the morning above 171 that is suggesting a strong momentum move to the upside 130-minute chart looks like it wants to continue move higher nice Roseman to mitigate a signal. It's suggesting 187 177 coming from the hundred and ninety-five minute chart out there So Nordic American tankers looks great The question is can we get some type of a pullback if you did get a pullback into the 155 159 level That would most certainly be a buy, but we don't have any signals Brent to suggest that that's what's gonna happen But it does look like Nordic American tankers has put in the bottom and a close above 184 would go a long way to saying that is a true statement Let's go to our next request out here This is coming from Hector and Patty and Hector and Patty want to take a look at the energy sector So let's get their email up on my screen their email reads like this happy fabulous Friday back at you XLE with end of month be next Monday. How is the XLE shaping up? So let's go take a look at it. So if we look at the XLE There's a nice confirmed A to B equal CDT upside It has a B point that formed on January 18th the volume there was 41 million shares when price took that out It was with 45 million shares the one-to-one confirmed A to B equal CDT upside takes us to 73 71 Now that is going to be the case as long as price remains above the bottom of its bullish structure daily profile And that's at 66 73 if price were to close below that it's not that the A to B equal CD pattern Won't still take place out here But it says hey you've got a pit stop and right now with regard to pit stop at least on these black background charts boy Support is way down below 5941 so I'm not saying that's where it's headed to but what you're looking for so you're asking how is it shaping up into month then? Let's back. Let's just pull over the XLE charts out here Let's answer the month-end question first and my month then I'm just going to go to the monthly time frame chart So as we take a look at it what we see out here is nothing more than a bullish signal You see the A to B equal CD pattern I don't have it drawn in here, but you can visually see that on a monthly base We don't have any kind of a topping signal if anything this is suggesting over time The XLE wants to run to 79 11 If we look at the weekly time frame chart weekly time frame chart does not have a pop a topping signal Oh, I take that back And I don't take that back and the XLE on a weekly basis out here You don't have a topping signal and what price has done so far this week Hector and Patty's pulled back to test and rejected screen Oscillator and change line and that's really a key as well So you've got two keys you've got the bottom of the daily profile, but now we're gonna shift that which I believe is above 6579 Let me yeah, it's at 6673 So on the weekly so the real level that price would need to close below to say We've got some trouble in River City trouble mean in a retracement here would be 6579 or their box that number's gonna change This price moves up or down But basically you're looking at that oscillator and change line and that's from the weekly time frame chart So overall everything looks pretty good But the question is will price hold those support levels and there is I take it back now on the daily I must have been looking at the weekly chart Let me see here Yeah, it was the weekly chart before the daily time frame chart does have a confirmed rogement in indicator top as well as a Not a TD I might even have a TD 9 count top, but you've got one top That's all you need and that's led to this consolidation So if Hector and Patty if price were to close below 6673 That's the daily bullish structure profile out there Then what we would see is price pulling back to 61 47 So we don't have that message right now, but at days and you might have that message Although with lights we crew trading up a bit. I don't think that that's what's likely to occur out here But you just have to watch these levels so 6673 Inside the energy sector the XLE. Thanks so much for writing in Hector and Patty as well as Brent That takes care of all the questions that have come in by email But we've got another one and this is from the Tigers stand and what we want to look at here Is a request was to take a look at the nugget Nugt which is the 3x or 2x I should say that's a 2x Etf for the gold miners out there so our preference is really to take a look at the gdx But we're gonna look at it from a nugget standpoint and from a nugget standpoint This formed a brand new bearish structured profile below price two days ago on Wednesday Now that is a bullish outcome when you find when you generate a profile below price This is a bullish signal now a price did yesterday in the nugget Was it pulled back and attested the top of that profile if it's just a countertrend move to the downside Where price should find support would be 52 84 So SNP was looking for that to entry point that would be one place to look at now Let's just switch over real quickly and see where this is trading in the pre-market gold had pulled back So we said what 52 84? Nugt 5551 So it's okay. Good. I've got it actually up on my screen here. So Prices still even above the top of the daily profile, but you're asking for an entry point That would most certainly be an entry point. It could also be 54 27 out here. Let's pull over those white background charts See if there's any other signals it, you know what? We're going into a break here. Let's do this Let's just wait a few seconds. We'll be back in about three minutes We can see yesterday's pullback SNP was also a test and rejection of that green oscillator and change line That too could be an entry point. That's at 54 63 Steve Rhodes with TFNM. Hope you're right Are you looking for a way to consistently add winning trades to your portfolio? 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We are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com Welcome back up folks. So get down equity futures at point 16 and ask that cup 79 SNP's up 18 Russell is up 11. Of course, it's 8 30 in the morning. If you listen at 130, thanks so much for doing that much appreciated We're really taking a look at the nugget before we went into the breakout there And that means we're also in order to do that We really have to take a look at the GDXC if it's generating similar type messages And the request was to take a look at potential entry areas and so because of its Bearish structured daily profile that form below price which is bullish any counter-trend move should find support between 52 84 and 54 27 So we've already established those as buy points the green us that are in change on a daily time frame is another one That's about 54 63. So that's right near the top of that daily profile And that's what that shows. So let's do this here Let's go take in order to really do this evaluation properly. We want to take a look at the GDX We want to take a look at the 1x not the 2x and see if it has similar messages out here My recommendation is really to trade off of the the G just trade nugget off of what the GDX is communicating And it can see there's a totally different message now when I say a totally different message is price Here has a profile that formed two days ago and prices back inside that so 35 11 this suggests that the GDX could pull back to 32 83 or 3101 Now in order to make that pullback or one potential buy area inside the GDX would be its green oscillator and change line That was tested and rejected yesterday. So that's 33 43 If you were to get a close below that then that suggests pulling back into one of these other profile levels 32 83 3101 2994 So the signal here inside the GDX would be testing and holding the 33 43 level Of course as price moves down to a support area What do you like to see on the interday time frame charts some type of bottom signal? Well here price had pulled back yesterday on a 50 minute basis. It generated a TD nine count bottom Okay, so that's one bottom signal to suggest. Okay. I do want to move higher or at least maybe it's a retest of that level You'd like to see that hold the 30 minute time frame chart out here. It does not have a bottom signal It has wave number four That's letter D and you've got an oscillator change line had to change colors I suggested to move up and to test that 34 30 in essence What this is telling you is you want to see a close back above 34 50 to be on its merry way to higher price The 65 minute time frame chart no topping signal or no bottoming signal I should say there on a 130 no bottom Well, I'll price did hold support the bottom of that profile out there and on the 195 minute chart Nothing there to help us out. So the other element that you have to take a look at out here You know not to complicate things and we're really trying not to complicate things But we've got to understand what's going on inside of goldilocks, which is pulling back So really we've gone now from the nugget to the gdx But if you were to ask me what decisions with regard to the nugget and gdx are you going to make Where's where you're really going to make that from I would say a p from goldilocks In the case of gold out here, it may be pulling back There what is pulling back as we speak right now It may be pulling back to test its oscillator and change line and that would be 18 87 So smp if you were to see a close below 18 87 Maybe 18 86 because that number will change just a tad Then that suggests that the gdx or the nugget are not ready for prime time So what do you do when price gets back there? Lucky you go ahead you pull the trigger if you've been looking for it If it doesn't hold then you go ahead and you take a hopefully a small loss on that position But you want to see gold moving higher holding key support levels That's just one support level 18 87. There are others out there But in essence, that's what you'd be looking for now What we really want to do we take a look at gold is go down and take a look at the inter In the intraday time period charts, let's just begin with the 30 minute In the 30 minute has a td9 count bottom that td9 count bottom low was 18 94 50 The close on that previous bar was at 18 94 90 so a td9 count bottom is still in place out here sma SNP my apology The smh is what you see. I can't walk and chew gum at the same time That's why I really don't Chew gum if we take it but if price were to close blood at td9 count, that's at the 18 94 50 Then that's going to signal lower price that lower price takes you back to getting back to the daily Oscillator and change line and so you would be waiting for that in the 18 87 area Yeah, 18 87 area, but most likely what you'd then be watching is a swing point out here the swing point from About 53 at three o'clock yesterday Then that's anywhere between 18 78 60 to 18 93 50, but right now you've got a bottom that is held 60 minute time frame chart for gold doesn't Have any type of signal force in fact the signal right now is bearish And it's bearish because price is below the red oscillator change line and below the bottom of that profile the two hour time frame chart What do we have? Not much all other than price point back to test support a breakout level of 18 94 So it's really more than not much a key level of sport is holding there So there's another area to be watching smp and that's at 18 94 40 level the four hour time frame chart price is below the bottom Of that profile again. Everything here is suggesting right now that gold should pull back the only Chart that is not suggesting that is this 30 minute chart So you've just got to watch that bottom there that will give you the clue now If this bottom holds and price can get above the oscillator and change line on a 30 minute basis at 1902 That should then take price up to its resistance levels 19 13 40 19 16 40 1920 40 a lot of 40s out there. Let's add one more 40 19 20 140 Those were either profile levels or the td9 count breakdown levels. So How do we answer this? I think you answer this by really focusing in on this 30 minute time frame chart smp Watching this for a bit of time like we've got almost an hour before the market opens If you see a close below that that's going to tell you gold is still pulling back And then you're back to watching that daily time frame You've got the price levels for the nugget and the gdx out there I'd really keep a one eye on each of them. That means you need a third eye and That's a beautiful thing. So thanks so much for the request out there I believe we've taken care of all the requests so far I'm just going to check my email and make sure you had nothing else has come in So now what do we want to do next? Let's go back to the Let's go back to the equity A charts out there and the equity chart we're going to go take a look at is the nq we went into detail on the On the es mini now, let's do the same and let's go switch back and do it for the nq out here Oh, I take we're gonna we we have call ahead seating and a call ahead seating That means we go right to the caller. So let's go out to jerry in michigan jerry. What part of michigan? Are you from and thanks for calling and thanks for holding Yeah, I'll get a little wrong. It's Gary from new baffle of michigan. How you doing? Oh god, okay? Well, all right. Sorry. Sorry about that It's Friday. We're talking cocktail time, you know, let's come on me coming down and having a few cocktails and enjoying that Whether you got there That sounds good I'd love to how you doing Doing doing doing great. Thanks so much for asking that in fact doing really well I got the great news Yesterday that I have another grandchild on the way So that is a beautiful thing and that's going to be a october A celebration out there. So i'd say steve is having a good day and a good week. Oh, you see guys Exciting. No, that's the best. I mean that's what it's all about, you know Yes, yes it is. We're we're building a baseball team in the erode's family out here So, uh, we just have a few more to go and you know, we'll be all set It's the parking for the tigers Yeah, exactly Exactly. So you want to take a look at what my question is you were into gold So I thought it was appropriate and then you were moving into the enqueue which is kind of tying into my macro view And I may be all wet. I've been wet before Um, but I did move out a new skin a few weeks ago pretty big uh into palantir So maybe that'll work out because I love that bottom and I love that company um, but the um, the question I have is more macro the idea is is that um Is gold, you know and look at the bonds I mean my long term because of the people I'm reading stuff like that is that the bonds are going to go Uh, potentially integrates are going to go down. Uh, I have a deflationary long term view Um, based on what the people I follow But the point is is that and I think you kind of talked about some of that too from a longer term perspective I know you're here. I apologize for interrupting gear. I want you to hold that thought because we're going to a break here So let's come back. Let's come back sure that thought with us and we'll take a look at the tlt. We'll be right back Are you having fun trading the markets? But having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger sten trading room only at tfnn.com The tiger sten is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tigers then are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tigers then risk free with our 30 day money back guarantee And become part of the tfnn trading community tfnn educating investors Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property tiger reality has the experience across all areas Of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels From the price you should be paying per square foot in certain Up-and-coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision When it comes to all areas of the market before you make one of the biggest decisions of your financial future Call tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com. That's 727-329-8322. Call us today Are china a shares hot or not? 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That's tfnn.com and hit watch tiger tv Welcome back folks. We're on the line with gary a new buffalo michigan We're going to go rep a part the 30-year treasury. So gary. Thanks so much for for for calling again And so go ahead with your your thought process and and let me know what is it that I can provide to you real quick I mean It's more obviously mackerel and the idea is is that i'm um and it ties into if there is this um deflationary Your term friend that we go into and interest rates are coming down I'll the inverse typically in my understanding is that gold then suffers and it's gold suffering is interest rates now going to start maybe moving um Lower and the the tlt going up and does that tie into you know the whole deflationary kind of idea of some of the other things Like the fact that now the interest rates go down and and the qqq goes up because you know They're not as riskless interest rates are going down. So it's a big macro kind of thing Sure Okay, so let's take a look at the at the bigger picture and in a smaller picture for the 30-year treasury So first on the bigger picture and in order to really take a look at the tlt folks We really need to understand what's going on in the underlying instrument Which is basically but not completely is the 30-year treasury. So this is where we get our signals from So as we take a look at signals here, you've got a td9 count bottom on a monthly basis that formed in march of 2021 The low of that is 150 307. I believe Yeah, 150 307 So on monday gary, if you were to see a close below 150 307 or 150 203 right now That signal would be that the 30-year treasury is going to head lower. That would be at 139 14 out there So that would say maybe what you're thinking isn't necessarily going to come through fruition now The cool thing is that we've got a little bit of we got some we've got a couple different messages out here And what I mean by that is if we take a look at last week for the 30-year treasury That generated a td9 count bottom So that says that last week's low is really really important And last week's low was 150 12 150 150 and 12 30 seconds out there If price were to close below that then you'd have a real confirmation that the 30-year treasury is headed lower Rates would be headed higher if we look at the Daily time frame So you've got a nice bottom on the weekly to support your thought process and decision out there that the 30-year treasury should move higher But what's also transpired this week is price got up and it tested and rejected that weekly oxygen change line Which is red and it's below the bottom of a profile. That's really a bearish message But really we have to classify this as neutral and the reason is because we still have that valid td9 count for the weekly time frame Does that make sense what i'm saying first before I continue? Definitely does Okay, so the daily time frame also has about so you got a weekly bottom a daily bottom The daily bottom was a td9 count roads meant to indicator signal I believe that's still the low from last week, which is at the 150 and 12 30 seconds out there So any close below that says Sorry 30-year treasury is headed lower out here now what transpired yesterday on the 30-year treasury was it made a nice move It found resistance at the top of its profile out there But price is still trading with inside that profile So I don't have a clear message here But those are the areas or those are the price points that I think from the bigger picture Which what you're really looking for that you need to be paying attention to so the first is going to Perhaps come from the monthly time frame chart on monday Of course any close below the weekly td9 count or Or the roads meant to mitigate around the daily That's going to say those patterns have failed and that 30-year treasury is headed lower Which would mean rates would be headed higher now on the intraday time frames out here I don't have a whole lot of anything I mean I don't have a bottom signal other than on the five-hour chart And so this is another area for you to watch which is that price is pulled back and did wave number seven That's letter g that's here. I'll just expand out the chart and then we're all just looking at the same thing So on a five-hour basis what this did was it made a nice move up to wave number seven letter g Also kind of referred to as part of the basil Chapman A series out there as the rogue wave now what happened here is then price is pulled back and it's testing its breakout level That's at 152 So this is a kind of a longer term time frame the five hour Maybe it's going to give you a signal for what the daily is taking in the weekly And if you're to see a close Below 152 this next candle this candle session ends at nine the next one would be a two Let me make sure nine. Yeah nine that's going to be a two And you'd need to see two consecutive closes below that level So there here's the areas to watch those their price levels to watch Gary are there any questions about the information I've shared with you so far? This excellent as always Steve. Oh, you're great. You're amazing. So thank you You you bet and thank you so much for calling have a fantastic weekend and we'll look forward to speaking to you again Hopefully next week And enjoy the family blessings you all you bet you bet that was Gary in new Buffalo, Michigan So, uh, we we're going to go take a look and we still are let's do that here. We've got we've got a few minutes Let's go back and now. Well, let me just make one check here Just want to make sure there's no requests that have come by phone I don't see anything inside the tiger's dead. I don't see anything by phone So now let's go rip apart the nq out here try to get a feel for what it's communicating to you and I And as we look at it, let's do the same kind of thing Let's start with the bigger picture on the bigger picture of the monthly time frame. You've got arrogement to mindicator top Price below the green oscillator and change line suggests move back to 12 207 How are we going to know if price is going to move back to 12 207? Real easily price would have to close below 13 462 25 13 462 25 is a td9 count breakout level for the weekly time frame This is going to or looks like it's going to form bar number eight of a td9 count Out here whether it's a hammer candle at week's end or not. I don't know it doesn't matter It's not really at the completion of a pattern. So this did have arrogement to mindicator top Price is pulled back to test support when you're pulling back to test support on a weekly base You go to the daily time frame to see if it's giving you a bottoming signal and guess what? That's what took place yesterday. We talked about at the open You've got a td9 count bottom arrogement to mindicator bottom price right now trading above a spread oscillator and change line That's a just to move up to the 14 484 14 7 66 area now Let's go take a look at the intraday charts the 30 minute chart says well All that makes sense But at about either 9 or 9 30 right now i'd go push for the 9 30 time frame. We should see selling out of the gate Now it could start at 9 o'clock and why would steve even say that? Because bar number eight Completed at 8 30 and bar number nine is going to complete at nine And what we know about the td9 count topping or bottoming signal is that the higher low of bar It needs to be on either bar eight bar nine or the bar following bar number nine Now for those of you listening in live and it's 8 49 This is the cool pattern whether take a look at the high With the highest high whether it's the high as of right now the session We're in the 30 minute bar at nine or nine 30 and that becomes your threshold level If you see a close above that it says the td9 count pattern failed But didn't fail so much it failed from the standpoint of didn't stop play at price It tells us for that time frame you have a strong momentum move to the upside And that would be a signal that price starts to had higher out here It is the 30 minute time frame that is the only time frame that i see That has a topping pattern out here right now the 120 minute time frame is trading above a key level resistance That's the breakdown area and that's at the 34 o 33 area So the call right now because i believe the nq is the one that is mostly controlling the markets out here As you should expect and anticipate some type of top to form between nine and nine 30 And if that's the case the first pullback should take us back to the oscillator and change line That's about 13 996 below that we'd look at a move to 13 8 75 13 8 11 or 13 77 3 And a price were to close well 13 773 that says there's something else going on and we'd take a look at it But that's what it looks like as we speak right now for the nq and we come back from this break We're going to go out to parameters new jersey gary had mentioned this doc palantir and victor That's one of the stocks that he loves the most. So when we come back from this break We'll go out to victor and parameters new jersey. We'll finish the show take like a pl tr The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn educating investors Are you having fun trading the markets but having trouble finding like-minded individuals to discuss Your trading and investment ideas with become an apex predator in the trading markets and Join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world Come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas News analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee And become part of the tfnn trading community tfnn educating investors Are you looking for a secured investment which pays you on a monthly basis? 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