 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 morning folks, welcome to the November 6th, the magnificent Monday edition of today's Trader's Edge show. I'm your host, Steve 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 is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us, not to us. That's right, we do and I make that one little two by four shift means we can find the gift in every set of circumstance that life is going to toss at us. Now today you and I we're going to 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 at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here but even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone would love to hear from you at 877-927-6648. Now if you've got a question but you can't call in, you can always send me an email for that. Send that off to Steve at tfn.com and inside the subject heading please put radio show question. Of course if you're inside our Tigers then well then any and every ping will do. So let's go ahead and get this show started on Magnificent Marvelous Monday. Of course this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now we've got a mix back out there. The mix goes like this. You've got the Dow, the S&P and the Nasdaq trading higher 49, 10 and 62 points to the downside the Russell, the Semais and the Trannies 17, 11 and 122 points to the downside there. Gold is off 10 bucks. Silver is down 12 cents. Light's recouped as up a buck go for. Natural gas is down 22 cents. 30 or Treasury printed out at 1,1228. That is back nearly one full point. Now leading the charge dollar wise the upside you've got carbon revolution up 134 bucks for that must be an IPO. Booking holdings up 109 bucks. 4 percent. Blue-green vacations up 37 percent 105 maybe another IPO there. Eli Lilly is up 23 bucks. To the downside no IPO. Mercado Libre off 22 bucks. You've got crystal biotech down 15 or 13 percent. You've got United rentals down 11 bucks to an F percent. Moon Lake immunotherapies 21 percent to the downside 11 points and pool corp down about 7 bucks. That's a 2 percent move. So we got some movers and we've got some shakers but let's begin. Where do we want to begin? Let's begin. Let's begin here. We talked about this on Friday just for a tab. We talked about the we talked about the advanced client oscillator for the New York Stock Exchange. Its closing price on Friday was up at 274 buckaroonies. The last time we saw that type of a high was all the way back here in January of 2022 for the I'm sorry January 2023 is when we saw that last we saw that last reading right here was January the 12th. Now we talked about this on Friday and it was at the end of the show and I said here's how I believe that the next market top is going to be formed. And that's when you get up above this all first when you get up above plus 150 that's the first indication that the market is an overbought condition. That also says hey you start looking at those intraday charts looking for some kind of turning signals and then key levels of support failing. What this is suggesting here is we should see if you take a look at going back to 2022 we're looking at those green diagonal moves higher at the tops with an advanced decline lower tops indicator and that's likely what we're going to have out here. So and then we will go ahead or should go ahead and form that top. Now the interesting thing if we do that so we know the pattern of the past. Is it a guarantee that this is the pattern of the future. This is the next pattern. No there's no guarantee before we've got a high degree of probability with regard to how the New York Stock Exchange makes its tops here and this is suggesting that we should still see higher price if we are going to get that divergent pattern out there. And then if we take a look at so when might that occur. You know for that we can go over to our seasonal charts here. This is a seasonal chart not for the New York Stock Exchange but for the S&P 500 and for the last 95 years. Now this is a seasonal chart this is not a pre-election year chart this is just simply the 95 year cycle out here. Now on this 95 year cycle what this shows us is that we should get a top sometime around November 11th. So today is November 6th maybe we've got a one day two day pullback the markets move far enough. We're not going to use these dates per say as absolutes. They're here to give us a feel and for what the market typically does and then it's up to us to identify the indicator that's going to help us to identify that top. So you can see we're in a little bit of a sideways ish to choppy ish area out here before the market is supposed to make a low into the third week of November just before Thanksgiving. So this shows about November 21st. I think Thanksgiving this year is like the 23rd or something and then a move higher basically into the end of the year out there. So this is all lining up this is all lining up. I'm referring to the way that the New York Stock Exchange makes its tops what we can anticipate over about a 95 year period that we shouldn't see even though we've had nice moves here a move lower then a move higher and if that move higher sets up this divergent pattern here where we've got price moving higher but we've got lower highs in that advanced client oscillator out there then what we've got to do is really pay attention to where the tops might form. So for that let's go take a look at what went on last week and what's going on this morning inside the equity future contracts out here for that we're going to go ahead and switch panels we're going to go to my white panel screen out here and we're going to see both the daily and the weekly timeframes because this helps us to put it together as well and when I say put together right now I want to focus on the bottom row and the bottom row is the weekly time frame for the ES, the NQ, the YM, the Dow and the Russell 2000. What we have now is we have confirmed Gartley buy patterns by the D point patterns for their weekly time frame. Remember for Stevie's way of belief and thinking out here is that a pattern in the case of the A to B equals CD pattern and in case of the rose momentum indicator signal pattern which I can guarantee you what I'm about to say is absolutely true the way those patterns form tops and bottoms is with bullish or bearish reversal candles here these are Gartley buy patterns and they were confirmed with bull sash candles in the NQ bull sash candle in the ES mini inside the YM inside the Dow and inside the Russell 2000 big moves out there now here's the cool thing because they've got Gartley buy patterns that mean we're just all in that was a major bottom and we're going to go ahead higher into the end of the year I'd say that's a possibility but that has improved in itself to us in order to prove itself to us that that is a likely outcome what we need to see is we need to see price close above those green oscillator and change lines for the ES and the NQ I don't have enough data and my white background charts here for the Dow to be able to put that line up we can see in the Russell 2000 that oscillator and change line is red it's really the green ones that are most important to us and that says if we see a close in the ES mini about 4407 that's going to suggest a further move higher now that further move higher might only be to 4432 which is the top of a new daily profile out there but if you close above that then we could be getting back to those highs out there in the case the NQ it's weekly resistance point that's about 15 434 out there for the Russell 2000 it's 1778 C roads with TFN so we get back from this break let's go ahead and take a look at a couple requests that have come in of course I'd love thousands more but I could probably handle about 15 or 20 zeroes with TFN and we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar palm dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors steve road started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve roads is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 looking back folks let's get to our first request out here the first request coming in from not a trader and i don't think that's really the case and not a trader wants to take a look at tesla so we'll have the tesla charts up on our screen here momentarily and we take a look at tesla right now what do we know about tesla we know that tesla is trading above closed above the top of its daily profile on a friday in this morning's retracement or pullback has been a test rejection of the top of the profile what's the top of the profile top of the profiles where sellers are at and buyers have been able to overrun those folks and that area of support and this is the level that you'd be watching here first not a trader is going to be that top at 219-25 if price for example today were to close back inside there then that would tell us that friday's move was a false breakout or at least a false breakout at this time and then if price is back inside that profile it should pull back to test 2-12-12 we're somewhere right around there that's the current oscillator and change line now in the case of tesla form two different bottom patterns one was to buy the d-point i would i show here is the cd leg it also formed a wave number seven pattern that is letter g if we look at the weekly time frame chart the weekly time frame chart last week confirmed a currently by pattern as well now the type of bullish reversal candle that it is is what's referred to as a key reversal bar a key reversal bar needs three things there's three elements number one the market must be in an extended condition when you have an a to b equal cd to the downside you're looking at the d-point having been met out there that's an extended condition so that's item number one number two the prior bars high and low must be exceeded in the fact that's what took place last week and then finally clothe the clothes of the instrument you're looking at has to at least be one tick one pimp one penny in the opposite direction of the trend in this case here that more than accomplish that task so much like we took a look at for the es the nq the ym the wrestle 2000 many of the cash indices out there for the weekly time frame they've confirmed garly by patterns out there but the key is it's not just that you confirm a by pattern or a topping pattern that's important but then what's next important is where is support and resistance and so here we take a look at a weekly time frame chart for tesla if tesla is able to stay above remain above the two nineteen twenty five we can see this big huge gap to the downside so we know it's going to be a rocky road out there the volume on that gap to the downside was 170 million shares as an example on friday as this is moving higher 119 million shares so it's going to be a bit rocky as price moves through this area but price should be able to as long as it holds above two nineteen twenty five not a trader it should be able to make a move to two thirty two thirty five two thirty two thirty five is the bottom of its weekly profile out there so that's what i see when i take a look at tesla now tesla had a move of four consecutive sessions to the upside that means four consecutive higher closes to the upside out there and so it's ready for a pullback or retracement and if it does it should last if this is a bull market for tesla it should last for maybe two sessions maybe three sessions at the most out there and then resume higher but what you want to be paying attention to right now is the top of that daily profile because of the meaning that's contained there and i would watch two nineteen twenty five on a 30 minute basis if we see you know as a chance that it's going to go ahead and bust through that level and maybe it's not the 30 minute that's got the topping signal that maybe it's a 65 or 130 or 195 but as i take a look at the 30 minute time frame chart for tesla i've gotten nothing other than just sideways movement price above profile out there so um i'm just below that outside or change line just tells us doesn't have momentum at at least at this stage of the morning out here so i hope that helps you out not a trader with regard to tesla thanks much for taking the time to write in and kick things off g-man was the second in a g-man wanted to take a look at apple so let's move over and take a look at the apple charts in the case of apple what do we know about it well geez apple on friday also confirmed a weekly gartly by pattern let's just make sure that let's draw on the a to b line out here and we're just going to simply take that over to the c area just to give us that approximation so there you go so now we can see basically an a to b equal c d dot they get down far enough really to complete that pattern but we're going to call it close enough for stevie at this stage of the game out here price is inside its bowler structured weekly profile g-man and i know your question is will this run higher because of i believe you got some call positions on there and in this case here now of course this is a weekly position when you do close above the center of a weekly bullet when you close above the center of a bowler structured profile doesn't matter what time frame it is odds favor the buyers are telling you and i that it has enough energy to make its way up to where the sellers reside in that case they're 183 27 however there is a potential detour that detour is that weekly oscillator and changeline that's currently printed 180 79 don't hold me to the 79 cents but hold me till maybe the 181 ish area and that's going to be really the next level of resistance the reason i say that's next level of resistance because price is trading above its td9 count breakdown resistance level on a daily time frame and that was at 178 42 now a price is also doing it's moving into a swing point that generated a td9 count top that's a swing point from october 12 so that volume was 56 million shares so far today in just under two hours of trading this has done 26 million shares so price is moving into this swing point g-man with volume now i don't know where today's closes neither do you but if price does close above 17904 and you're at 179 and change right now if it closed above 17904 it would appear to me that it's going to have the volume to close then inside that swing point and then suggest when you close inside a swing point with volume odds increase that price is going to go ahead and make its way up to the top of that swing point that's one element to consider another is is apple forming an a to b equals cd upside pattern as we speak right now why do we say that's db we say that because price is trading above the swing point from november the second and november the second swing point did volume of 77 million shares as i think i mentioned we've already done 27 million shares today now 27 million we just multiply times three that gets us to about 77 or so so it has similar type volume uh to that swing point and that could be set it up in a to b equals cd upside so let's go ahead and draw that pattern in here as we draw this pattern in here we can go from a to b and i'm just simply going to go ahead and move this to the c to d leg now what i'll do just so i can give you an accurate number out here so i'm going to go ahead and do this on my black background chart i'm not going to change the screens why because tv oftentimes forget to change it back and then i do a big review and everybody's saying what the Sam heck maybe not heck is that guy talking about so the one to one a to b equals cd price projection which will be the initial price target area is up at 185 46 but this retracement this one day retracement this b to c leg was 37 percent so 0.382 retracement when an instrument does a 0.382 retracement on that b to c leg there is a better than 40 chance that this is going to do more than a one to one a to b equals cd move now we're that one to one point two seven two that's the next Fibonacci expansion level that Stevie uses and that's at the 188 75 level now turns out that a 183 27 is the top of that profile so although i'm not using short language here and we're telling the story of what the charts are telling you and i what we see right now at least on the daily in the weekly time frame out here g-man if you've got some time hold on to those positions now if we look at a 30 minute time frame chart but we don't have as we speak at this moment in time at 1126 is any kind of topping pattern a bearish reversal candle on a 30 minute base would change that but we're not seeing any kind of a cell signal when we take a look at apple even on its 30 minute chart out here hope that helps you out g-man steep roads with tf and n we'll be right back tires every tuesday and thursday tim or joins the tom o bryan show to share his unique insight that he's developed over decades of trading now on tuesday november 7th from 4 p.m to 5 30 p.m eastern time tim ord will be hosting his own live webinar tim's analysis has been outperforming market returns by almost double and his bold analysis is on track to be a winner as well tim will be delving into six secret ratios that every trader should know in this webinar tim will be covering the daily tlt vicks the daily and weekly spy vicks the american association of individual investors bull bear ratios and the trend panic levels tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns it's as simple as this learn the ratios trade by them and see your returns that's it visit the front page of tf and n dot com today to sign up now tf and n educating investors old report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom o bryan publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom o bryan's gold report newsletter now at tf and n dot com sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tf and n you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tf and n airs live financial content streamed live on tf and n dot com and tf and n's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tf and n dot com or on tf and n's youtube channel and become the investor you were born to be tf and n educating investors don't forget you can listen to tf and n live on your mobile device 24 hours per day go to tf and n dot com and hit watch tiger tv that's tf and n dot com and hit watch tiger tv back folks still a mixed bag out there the dow's up 35 s and p's up six nasdaq 144 rustles down 20 some eyes off 16 trainees down 111 points let's go to our next chart out here this one is coming from elo electric light orchestra what a great band what a great group that is especially the leader of that band and i want to take a look at mosaic out here so let's take a look at mosaic right now training out at about 3305 let me just make sure this one looks like it might have a little bit of a delay on it and uh yeah 32 98 is where mosaic is printing right now so what do we know about mosaic we know mosaic formed a td9 count bottom on its daily time frame we also know that price was trading below a slightly bearish you know i'm not going to really call that a bearish structured profile okay all right so we got that what did price do price got inside the profile it tests and rejected that center line would have more meaning it was really a bullish structured profile out there but when i take a look at that be pretty disingenuous to say that was the case out there and steve is not a disingenuous lad so we take a look at it right now if price closes the day below 3307 elo 3307 is the oscillator and change line and it's red if it closes below that odds favor it's going to make its way back to that td9 count bottom maybe why maybe steve oh well because so far price is tested atop of that swing point so that td9 count bottom is also a swing that is from november the first out there and if we take a look at that swing point that volume there was 3.4 million shares now this is on 1.1 today we multiply that times three that gets us to about 3.3 or so so it's going to be closed from a volume standpoint but if it does test and reject it's already tested the rejection would require a close above 3274 which it's doing right now and it can do that with less than 34 million shares then it's telling us it doesn't really have enough sellers to bust price to the downside out there but you can clearly see out here elo the resistance levels 3346 the bottomist profile 3390 if we look at that weekly time frame chart out here what do we know we know that there's a td9 count bottom and that td9 count bottom would be negated this week with a close below 3309 we're trading at 3298 it's more important where is it trading now if we take a look at swing points from a weekly standpoint the swing would take us back to june 2nd and that swing point had volume at 24 million shares and last week as price was moving into that it was with 19 million shares now it did close inside there when it closed inside a swing point with volume we would say with certainty although there's not absolute certainty but we would certainly say with certainty in our voices that price is going to go down and test that low when it gets down there on lighter volume as it did last week that we really don't know but that is still open so that is game out here which one is going to tell us the signal is that the weekly is that the daily well as long as price remains below resistance levels then i'd say the weekly is more likely the one that's going to give us that message out here so with regard to mosaic as we speak right now it could be a test rejection of the low saying we don't have enough sellers just yet the weekly chart is saying i may beg to differ to differ out there but then what i'm not seeing here so is it a buy point is it a buy and i would have to say even though we've got that daily td9 count i'd say it's uh it's risky it's real risky because you had price close inside that swing point last week on the weekly basis as long as price remains below that or inside that swing point that might today right now might not be the best buy point so yellow i hope that that helps you out and i thank you so much for the request now pat writes in and pat asks what time is apogee today and answer that question pat it's exactly at 1658 now apogee folks is the point in time when the moon is the furthest from earth there's two points in time that are measured out here there's the perigee that's when the moon is closest to earth how do you remember perigee is closest and apogee is furthest well one you could just memorize it or you know one is closer and one is further right that's the easy way and it turns out you just got to remember that it's the opposite so if it's apogee letter a that's the further one versus perigee it's further out that becomes the closer one at least that's how stevie remembers it but that doesn't matter the question is what time is it and what relevance does that have turns out you know the roads meant to mindicator pattern that stevie uses out here it's a great pattern right we take a look at that pattern leave these charts up we could simply go take a look at the uh at the daily equity future contracts out here not only do we have some td9 count bottoms well we've got some roads meant to mindicator signals as well so really a great tool i discovered the perigee and apogee when i digitize the new american ephemera so new american ephemera tells you every data point that you need between not just lunar aspects but about planetary aspects as well and what i did when i had digitized that it allowed me to write a program i didn't write it but i heard somebody write it and what it does it what it did is allow me to map out each and every data point to see if there was consistency was every venus retrograde a high or a low out there well turned out the one pattern that i found that was most consistent was perigee and apogee in a case of perigee and apogee we use those as data points we use the exact moment in time if the market is trading at that time turns out at 1658 that is going to be two minutes to five you still have the es the nq the ym that are trading out there and so but what you can use for those of you that are at home you can just use today's clothes at five o'clock for the equity future contracts and again you can so or or the open so when we're but but because the market is trading that really becomes the data point so so ron the our pack the answer to your question apogee today comes in at 1658 you want to note those on your charts out there because they can they don't always but oftentimes let me just give you an example let me just switch panels hopefully i'll remember to go back to the white background chart says we resume our regular scheduled programming out here just kidding you and if we take a look at this if you look at the data point here is take a look at gold for example and here's the perigee here's the last perigee pivot point out there comes in at 1994 90 now why has this been acting as resistant i can't tell you why i think i know why but i'm not going to share why because it doesn't really matter because i can't prove it but i know that it works and so when price is up at a apogee or perigee pivot point whether it's testing to support or resistance it's going to release information to us if you take a look at that at the nq out here take a look at nq it's a perigee pivot point was 143 1450 look at how many times price came down and tested and that level held i guarantee you that was that that was there was no sweat there was no nothing out there that would have told any trader i don't care what technical tools you might have that these data points for the data points that were key for understanding support or resistance out there and that's the reason that pat is asking that question out there so hope that helps you out pat and thanks so much for the question let's go on to our next request out here this one is coming in from ron ron wanted to take a look at the russell 2000 and we take a look at the russell 2000 out here what do we know well first of all we know that on a daily time frame price wants to go target eventually the 1800 point nine zero level at 1800 point nine zero what is that that's its td nine count breakdown resistance area however before oh i didn't i didn't show you that i'm gonna well i'm gonna i'll switch back and forth here's the old switcheroo where i just unfortunately with this software i don't know which screen that i'm on haven't been able to really nail that one down but let me just switch over here and that's why occasionally you know i make that mistake when we take a look at the russell 2000 the level that i'm saying that it eventually wants to get up to his 1800 point nine zero however there's detour signs all over the place and now if we go back to those black background charts out here and you saw him as i had punched this up on the chart you've got a descending trend line and that descending trend line those are the levels that price needs to be able to close above to tell us that it wants to make that move to 1800 point nine zero we get back from this break we're going to go ahead and give ron additional data points for him to be able to pay attention to for the remainder of the day tell him and you and i understand what's the russell 2000 communicating to us currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etf's china a shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by vista gold traded on the nyse american ntsx under the symbol vgz back up folks we're taking a look at the Russell 2000 we're doing this for Ron inside the tiger's den and what we've got up on our screen right now what we're going to have up on our screen here momentarily is that white background chart and we're looking at the consecutive days higher and lower so the black digits are consecutive moves higher red digits consecutive moves lower and i say consecutive moves i'm referring to close below close or close above close in this case here for the Russell 2000 friday was day number five of consecutive moves higher last time we had a day of five consecutive moves higher what do we have we had a pullback of three consecutive sessions so what we expect here what ron should expect but i should expect what you should expect is at least a two to three bar or two to three day pullback here inside the Russell 2000 how do we know if that's really going to unfold out here well we need to see key levels of support fail the next key level of support that i see on my screen out here comes from the five hour time frame chart that five hour time frame chart shows that prices back has tested support which is at 1744 i'm not going to round it up down 1744 so the next level ron that used to be watching 1744 if price closed below that especially on a five hour time frame out there that's going to suggest a further retracement in the case of the 240 minute chart in here i don't exactly have a top i mean i don't maybe there's an a to b equals cd i'm not going to worry about that what i'm going to worry about is support what's the level of support that has to be broken to suggest a further move lower 1745 60 so you want to watch 1745 60 as well when i looked at time frames that do have tops out here that would be the 30 minute and the 60 minute charts as well so we take a look at those here's your 30 minute rose meant to indicator top then here's your td9 count top we have price breaking through breakout support at 1765 30 so odds favor ron that if those larger time frames give way where prices likely had to do is were like the 1744 ish area my recollection that price will likely target 1721 20 1721 is the next 30 minute td9 count breakout support level so that's what i see when i take a look at those if i look at the intraday charts out here the 15 and the 10 even more intraday we've got rose meant to indicator signals those need bullish reversal candles to confirm a bottom we don't have that just yet so if you want to get real granular watch those 10 and 15 minute time frame charts see if you get a bullish reversal candle that would then lead to some type of a bounce out here but i'd pay attention really to the to the five hour time frame chart a large time frame out there with the key area of support that if price closes below tells us the momentum is gone and that we should expect a retracement and we should expect a two to three bar retracement out there that would be pretty normal so ron i hope that helps you out thanks so much for taking the time to write in nancy wants to take a look at microsoft so let's switch over and take a look at the microsoft chart out here is this it it is not is this it it is okay good so we take a look at microsoft so i believe nancy is looking for some support or resistance levels okay i give you resistance because you're trading above weekly resistance right now that's the top of its weekly profile so we're that's at 350 350 and microsoft excuse me msft last trade fired off at 356 59 so as long as price holds above 353 80 where might it go the next area of resistance here nancy is on a weekly basis is a td9 count top and the td9 count top took place the week of july 21st and that swing point high out here from microsoft is up at the 36678 area that's the area to be looking at now on a weekly basis what happened microsoft at that swing point generated volume of 228 million shares and last week it moved up into it and closed inside there with 119 so really light in the loafers but being light in loafers doesn't mean that it can't continue to move higher obviously what we're seeing today we take a look at the daily time frame chart out here there's an a to b equals cd to the upside this is more than a one to one extension so that would then also say nancy that if we get a bearish reversal candle then that would be the signal of a cell the d-point pattern out there and that would then indicate where the new level of resistance is and that you like to see a pullback we don't have that as we speak right now so that's not a call that we're willing to make out here prices trading above daily weekly monthly resistance out there and in fact when we take a look at a 30-minute time frame chart for microsoft what do we see out here all we see is a roads meant to indicator signal but no bearish reversal candle price for the most part holding that greenhouse that are in change line microsoft's momentum is pretty strong as we speak right now to the upside so things are looking pretty good the caution with regard to microsoft how many consecutive days higher can this thing move today will be bar number seven or day number seven of a potential of a move consecutive move higher inside of microsoft the last time we got to seven days higher nancy that was on january 17 and what do we get there we got that typical two day pullback so much like we expect and anticipate in the market much like we expect to anticipate in uh even an apple i think wasn't even an apple um in the case of microsoft and it should head higher we should expect anticipated retracement i've just not seen the signal just yet but let's not be surprised when one starts and one begins out there so i hope that helps out nancy with regard to microsoft with regard to support out here all i can say is at this stage your old resistance still new resistance really would become support so at this stage here i'd say it's 350 350 below 350 350 i'd go to 351 89 and again always thanks for the request out there we've got a request from john c inside the tigers don't want to take a look at the 30 year treasury see what it is doing so let's pull up those charts out there in the 30 year treasury it's really just consolidating with inside its profile he says what it was doing a few minutes ago so the top of that profile we can see this right now let's pull this back here's your daily time frame chart what's at the bottom roadsman diminutive signal is confirmed with this bullish piercing candle out there then what do we have we have in the 30 year treasury we have a bullish structured profile once price closed above it for two consecutive sessions it was signaling to an eye that buyers were going to have the energy to push it up to the top of that profile that's where the sellers were sitting the sellers sat back and said fire away and as soon as price got up there what did it do the sellers unloaded and now at this stage here you just have a consolidation with inside that that daily profile that daily profile ranges anywhere from a support zone between 107.27 to 109.09 and a resistance zone up at the 113.19 level now that's the information coming from the daily time frame chart the weekly time frame chart has a beautiful cheaty nine count bottom and price is above its red oscillator and change line so this suggestion at least on a weekly basis that this may have more legs to the upside but at this stage here whether it does or it doesn't in order for it to have that it's got to be able to close above the top of that daily profile for at least two consecutive sessions out there so that's what you really want to be watching first if price can do that then it will go ahead and make that move on the weekly base at the top of its weekly profile and that number is 116.04 so it's worth writing on your pad of paper out there but i think really and on a monthly but it's too early in the month but a monthly basis rose meant to mitigate or signal triggered and that says if you get a bullish reversal candle price would go ahead and run up towards the 119 ish area but right now you've just got a good old-fashioned consolidation with inside those profile levels what are the charts for the tlt showing us not sure but we've got about 15 seconds steve is going to try to get back to those charts so we can pop those up on the screen out here just for blanks and giggles and as we take a look at the tlt you know again totally different meaning in its chart patterns out here profile levels are forming today below price that's normally a bullish signal out there really for the tlt get your news from the 30-year treasury you don't have to trade it but you certainly want access to its patterns so you can chart out what is communicating to you steve roads with tfnn we'll be right back tires every tuesday and thursday tim ord joins the tom o bryan show to share his unique insight that he's developed over decades of trading now on tuesday november 7th from 4 p.m. to 5 30 p.m. eastern time tim ord will be hosting his own live webinar tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well tim will be delving into six secret ratios that every trader should know in this webinar tim will be covering the daily tlt vixx the daily and weekly spy vixx the american association of individual investors gold bear ratios and the trend panic levels tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns it's as simple as this learn the ratios trade by them and see your returns that's it visit the front page of tfnn.com today to sign up now tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors welcome back folks a couple more requests i'll take a look at the nq's out here xpev this is x ping ink it is trading right in resistance the question was where's resistance right here where we're at right now 1768 the price can close we have 1768 then the next resistance levels up at 2049 20 or 2040 and 2040 would be the top of its monthly profile out there price is trading above its weekly profile so that's a bullish outcome it's really the daily that you've got to contend with here and 1768 is resistance until proven otherwise price could even start pulling back into the 1545 ish type vary out there that's not the message that we have at this moment out here this had three consecutive moves the upside so a pullback for a couple of days may be in order here as well the next request was to take a look at bba i that was for what the heck happened there uh that is a great question what in the heck did i actually uh touch to make these charts pop up on the screen and i don't know the answer to that but i'm kind of held hostage here because well let me get to where it is i need to go these are old charts out here so we don't really care about these just much that that much but let's take a look at this there we go now let's go back to bba i bba bba has been on fire form that beautiful td9 count and road's momentum indicator bottom and then what's price doing well it simply took out all kinds of resistance profile resistance breakdown resistance where's the next resistance level that's the question happens to be the top of its weekly profile band the top of that profile is at a buck 67 so that's where the next battle is at right now this is trading out at what 159 so 167 if you can get above that then 223 becomes its price target and 223 is the weekly td9 count breakdown resistance level so i hope that helps you out and let's go finish off the show by take a look at the nq out here in the case of the nq it's once a target 15309 this is uh i don't five or six uh consecutive six uh consecutive sessions to the upside maybe this will be number seven out here that suggests that it wants to it it should pull back well on a five-hour time frame chart watch 15 to 2850 that's a td9 count top proud folks at price close above that on a five-hour basis the next one uh comes in at 2 p.m. is my recollection no yeah 2 p.m. price call is trading above that close about 15 to 2850 there's still more legs there's still more rally inside the nq with 15309 being the price target to the downside i would watch 15182 50 a close will that says we may have started that two or three-day retracement folks have a magnificent monday i'll see you tomorrow at 11 a.m take care you