 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 December 27th, the fantastic Friday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, coming to you live from Delray Beach, Florida. It's 8.06 in the morning. So if you are listening at the one o'clock hour, thanks so much for doing that. We'll try to make today's show as pertinent as we can for you. Of course, if you're listening live, well, we would love to hear from you. So you can give us a call at 877-927-6648. If you can't give us a call, you can always send me an email. Steve at TFNN.com. Please put radio show question in that subject, heading, of course, to our Tigers Denwell. Any ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger, Financial News Network again. I'm Steve Rhodes. Welcome to the show right now at 8.07 in the morning. We've got all of the U.S. equity futures pointing higher. You've got the Dow up 86 points. The NASDAQ is up 31. S&P at nearly eight points. The Russell 2000 up four. Now, you do have the spotball utility that's trading out of 1207. That is below a key level of $12.14 pennies. So you're going to want to write that number down on a pad of paper. See where the spotball utility next closes at the end of today's trading session. So we'll take a look at that and point out the reasons why. Overseas, all of Asia was trading last night, a mixed market out there. So you're going to be facing up one and three tenths of percent. But you had the Shanghai off. Well, it's basically flat down to an act points in the chaos. 87 points, about four tenths of percent to the downside. The Australian 200 S&P up 27 points. The DAX is up about half a percent or 71 points right now. The FTSE is up three tenths of percent. That would be 24 points. Gold is up a buck. We're going to start there as we go and answer our first question that came in from Mike. Silver is off six pennies. Lights we crude is flat. Natural gas down a tad. T-bonds futures up eight ticks. And we take a look at the 30 year. She's trading out at 156. 23 seconds out there. Some fairly decent movement in the currencies out here. You've got the US dollar now. I've got a 10 minute delay. So it's going to be off by just a tad. Trading out at 96.74 down 375 pips out there. So that's what we have going on in the market. So the first question that came in was from Michael H. And Michael writes and he says is gold rising with a heavy volume or relative strength. So we're going to take a look at both because they're both two different things on this latest trend to the upside or is it rising on weak conviction. So and then Mike says having trouble obtaining accurate volumes I'd like to go along in 2020. Thank you. So Mike for volume so that you can get some a better perspective from a volume standpoint. What I would do is if I were you is I would just simply go take a look at the GLD. You're going to get a fairly good comparable volume aspect by just taking a look at this ETF out here. You can see that yesterday. And so then to answer your question I think if you go to the GLD and you put the volume metrics on this this will probably help you review what you're looking for from a volume standpoint. You know do we just take a look at yesterday to know that the GLD was up with 8.3 million shares. Well that's on higher volume. So that's what the weekly that's what the daily chart would show us now. So we have a shortened trading week here but we have volume perspectives that are below last week or you can see a little bit of a declining line out here. Let me just draw that in for you so that way you know you can go take a look at it to see if there's some meaning there with a volume from a volume standpoint. Let's just get a red arrow here. There's a red arrow so you can see on this weekly chart you've got over the last several weeks you've got in essence declining volume with price moving higher out there. If we take a look at the monthly time frame chart and there's only two days left in the month out here holiday or small it doesn't really matter. Hey you know you had November yet got Thanksgiving. So here on the monthly time frame you're going to see a declining volume metric out here. So from a volume standpoint you're trying to track that. Then what I would do is I just go take a look at the GLD. I think that if you do that you'll be able to you'll be able to more easily answer that question. Now with regard to you said is a price rising with heavy volume or relative strength on this latest trend to the move upside. So let's take a look at gold here. This is a little bit of a stripped down chart out here so that we can just take a look at those things that are pertinent or certainly pertinent to Mike. So in the case of Mike this is a daily time frame chart and at the bottom of our screen we have that relative strength that index. And so we can see that that is has been moving higher. It's up towards that 70 ish threshold area straight right now at 6892 a key level be watching in gold today would be the close would be 151740 that is yesterday's high. That should be the resistance of a TD set up nine count if it does not hold there's a close above it. Well Michael that would suggest everybody else out there that price would continue to move higher we'll take a look at what those levels would be. But otherwise there is a potential for a topping pattern here in the case of a Goldilocks. So with the TD nine count in place right now I would not be taking a long position today for your longer term type trade out there. Now that's the daily time frame. I don't have Stevie's oscillator and change line out here simply because it makes it easier when I switch from different time frame. So let's go to the weekly time frame chart here for Mike. What do we know about the weekly timeframe. Well in the case of the weekly timeframe has price been rising with with with a little bit more relative strength. Sure. But it's got that roads with a indicator topping pattern out there. That's where price was rising with less relative strength. So that's the top that is in place out here. And until that high gets taken out of really 1543 30 that's really your resistance level. And you did see a TD set up nine count bottom pattern here on the weekly chart for gold. So at this stage it closed about 1517 40 Mike we would say that price would have to 1543 30 that's on a weekly timeframe. Price would need to close above on a weekly basis 1543 30 to suggest a continued move even higher. Now if we look at the monthly timeframe chart here for gold here's what we're going to see as soon as this thing loads up. But I can tell you what we're going to see is well I got to pull this back to tell you what we're going to see out here. You can see that in essence price is rising but well below the relative strength the reading that it generated just a few months ago the highest level was out here on August. And so the most dangerous thing that could take place out here would be for price to take out the highs do it with a relative strength index below that that looks like about 71 or so out there. Then you'd be setting up a larger longer term potential reversal pattern. We saw that out here the roads momentum indicator signal back in September of 2011. That was also a TD set up nine count pattern out there so it's worthwhile to pay attention to those so Mike I hope that answers your question. If it doesn't I want to really provide you with some real caution. I know I'm probably the only person out there that is saying this but it doesn't matter to me whether I'm the only person or not. I call it like it is. I call it like it is from the standpoint of taking a look at the charts seeing what we see. You know sometimes my vision is a little bit blurry but here's the deal out here. Let me see if I can find that chart we covered it yesterday. Mike Gold is not breaking out across the globe in major currencies and in the U. S. Dollar it's really underperform that in terms of euros or pounds out here. You must be very very careful. This is setting up to be a huge gigantic grizzly bear right now. 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Brent wants to take a look at Occidental Petroleum. Let's read the request out here. First let's get over to our three time frame charts. Go ahead and type in OXY by the way is the ticker symbol for Occidental Petroleum. Brent writes since his good morning and a early morning for Brent. He is catching that worm goal. Could you please revisit Occidental Petroleum? He's been a while since we looked at this previously. This is a longer term hold from about the 38 level would appreciate a review resistance levels. Well as any real relevant TD counts. So thanks so much every great week and you too as well Brent. So let's take a look at here's what we know right now about Occidental Petroleum. We can see that yesterday price closed above resistance that being the top of its daily profile. So that level is $40 even Steven out there and as long as price stays above that today that is a positive. Now the reason we say stays above that today as well. If we look at the weekly time frame chart prices traded right into the top of that weekly profile which is 40 20 and the close yesterday 40 15. So now you've got your real key level here for Occidental Petroleum. The reason why we say that's a key level out here folks not just because of the mere fact that it's the top of a market profile. But when you take a look at this weekly time frame chart and what Brent is really trying to understand what you're trying to understand. What I'm trying to understand is is Occidental Petroleum does this show a change in trend. Now here's one great way one great tool to use to assist us with that here as we look at the weekly time frame chart. And this takes us back into the August time frame out here. Let me this is August of when August of 2018 out here June of 2018. It was well let's see when was the last time. Let's say really takes us back to September 2018. You know I'd eventually get it right. We haven't seen a close above the top of a weekly profile since over for over a year. So this is a weekly time frame. So if we were to see a close above 40 20 close in 40 15 yesterday is five cents a big deal. No but six cents is of course always having a sixth sixth sense would be a big deal. I don't have a sixth sense. But we do know is if you in fact close above the top of that weekly profile it's a real good suggestion that you do have a change in trend. Now next week would be the the ultimate proof of that to candle closes above that level would be suggest that to us. Now let's pull over and take a look at the weekly time frame chart since we have spent so much time there. What do we know about the weekly time frame chart. Well the weekly time frame chart price was pushing lower doing less relative energy. We need the Calvary to arrive to tell us that that's a bottom that in fact happened. Now that did not occur until the week of December 6 when you got that bullish reversal candle and that was the hammer candle out there. So this would suggest that if price able to take out the top of that weekly profile that the run here Brent would take you up to the TD nine count breakdown level that would be 45 42. So that's what the intermediate know you're looking at this has been a more intermediate type term holds so you know that you're up at resistance the monthly. I didn't have any profile levels to really assist us. There's no bottoming pattern here to assist us either so it's really going to be in my opinion all on the back of the weekly time frame. Chart now on the daily time frame chart here this does tell us you yesterday completed bar number nine of the TD set up nine count pattern now today could be a higher high. So that is so you've got a topping pattern potential topping pattern right at that resistance on the weekly base. But what you and I are going to do is we're going to rely more on that weekly time frame chart and its task market profiles and whether or not price is able to close above the top of that level. And that is 40 20. So Brent I hope that helps you out with regard to your trade and investment in accidental petroleum. Best of luck and have a great weekend as well. Hector and the fuel injectors. He is up early and he says a happy final fabulous Friday of the decade. It is the last Friday of the decade. I think we should party like it's 2019. I'm not sure what that means but great work yesterday show was fantastic. Well thank you folks. And if you didn't catch yesterday's show what was different about or unique about yesterday show was over the Christmas holiday I spent some time. Well every year I tell you how all that transpired every year the when I say every year I've only participated in the in the time or digest group here for the last two years. And but each year they do ask their contributors the folks of the newsletter about 100 150 newsletters that they track during the year for a projection of 2019. And so you know if I do you know me if I do anything and I do it with a great thought it's not Willie Nilly put together. And so part of that presentation for yesterday was coming from a stepping back taking a look at the markets just trying to understand where we're at. Now I added a number of things to that yesterday because of other email questions that had come in over the last several days out there. But it's a really good field understanding for why I believe that we need to be cautious that next year could absolutely be a bear market here. And what I mean by that look we have bear markets and what I mean by a bear market here it's not like the end of the world it's just a it's just a definition of a correction. Right the market has determined you have a you the the market or the Dow specifically and this is what the question here for Hector is all about as a Dow. On average you go back and look at the last 130 years on average you have a correction that's 10 percent or more at least once a year at least once a year. And usually have two corrections meaning 10 percent or more in a year bear market. The only thing of the definition of a bear market out here is the mere fact that that would be 20 percent or more. Well you don't have those typically every year you have those about one every three and a half to five years out here. So we did have one. It was a year ago yesterday when it completed that was on December 26 2018. Now that confirmed a nice Gartley by pattern quite frankly. But if you want to understand where that would take us to even with a bear market even I'm suggesting 2020 could see a bear what does that mean. That means we could easily see a 20 percent correction or so. I am not forecasting that because we have to wait for the market to communicate to us what it's going to do. But we have all these tools out here that help us understand that it doesn't. The price projections for example price projection would come from like using our A to B equal CD to order. It's going to be easier if I do this on a monthly time frame. But you don't have to trust me. But there was an A to B equal CD to the downside on the daily basis out there that completed. That was the Gartley by pattern. What's a Gartley by pattern. You won't see it in the monthly chart. But an A to B equal CD to the downside in a uptrend out here. Well if we take a look at the uptrend where do you want to start this the monthly chart. I'd say you just go back to 2016 to January 2016 and every Gartley by pattern has five potential outcomes. The first four are just retracements of that A to B equal CD. Once you get above that which was twenty six nine fifty one out there that suggests outcome number five. What's outcome number five. Well outcome number five is a one to one A to B equal CD to the upside. That gives us a price projection of thirty three two thirteen. And the next one after that we thirty six three forty two. So let's go read Hector's question. He says radio show question. Thank you. Dow blow off top. So what would a blow off top scenario look like specifically in the Dow. What would a daily or weekly blow off candle look like. Hector I don't know what it would really look like out here. Instead what we're looking for what I'm looking for in the Dow specifically. Or let's just say the Dow futures. I'll pull that over here and we'll take a look at that going through the break. But here's your current A to B equal CD pattern that is in play out here. And as soon as a bearish reversal candle forms and price close below Stevie's green line that suggests at least a further retracement. And a possible change in trend. We'll be right back to take a look at the Dow equity futures coming. Since nineteen eighty four Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well originally hand drawing charts from the late nineteen seventies into the nineteen eighties. Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators. 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For more information just click the Think or Swim banner on the front page of tfnn.com. Welcome back folks. We're taking a look at the Dow Equity Futures Contract. Let's peek in on this chart here. Now in this case we're showing an A to B equal CD to the upside. Out here you're going to see that yesterday was day six of a, I'm sorry, today is likely to be day six of a TD set up nine count. If there's a top, if this is going to be a topping condition, the high would form on bars eight, nine or the bar following nine. Well, if today is going to be day six, then Sunday Monday could be day seven, Tuesday day eight. We're off on Wednesday, Thursday, Friday of next week. The markets will be open and we could see some type of top then. That would be that pattern. We've got an A to B equal CD pattern to the upside out here. The price is above the 1 to 1.272. We use this as a price projection tool, but price does not necessarily have to go hit those price projection areas. The next one is 29, 424 out here. But what we can say, Hector, is if we did see some type of bearish reversal candle, that would signal a potential of a retracement. Then the next thing we would look at would be the Stevie's Green Line. Right now, that's priced at 28, 563. A close below that would suggest that a retracement be underway. Now, levels of support, I don't have task market profiles up here, but we do have the most recent breakout area. And there would be 27671 on a pullback. And there would be nothing wrong with that market just coming back to test its breakout support bubble. It would be closing below breakout support that would suggest some potential problems out there. So what does a blow off top look like? I would say, I don't know the answer to that because I don't think that anybody can really prove it. Instead, I've got other topping patterns out here or topping or bottoming patterns. To me, it's all about can we find patterns that are consistent or consistent enough to provide us with information about what the market is doing? And I believe the answer to that is yes. And then therefore you and I can get rid of all that noise out there. No, look, I don't believe that I've learned everything that I can about these markets. In fact, any of you that have been longtime listeners, you know that for sure. Go back to 2000 and I'd have to ask Tom, when I did start doing the radio shows and producing a newsletter, how I wish that that were beginning today versus when it did back in 2008, I think maybe, no, not eight, 10, 2010 or 11. So it's almost been a decade, right? Since I started doing that. And in this decade, compare my skills, my ability to 10 years ago, are you kidding me? Are you kidding me? And hopefully it will be that same even 10 years from now. But what I can share with you is these tools here that I do share with you each day. These are extraordinarily helpful tools in being able to analyze what the market is doing. You and I cannot control what's going to happen next. But what we're trying to do is to give ourselves a higher probability of what the market is doing. As an example, somebody in our den, maybe it was Tucker, somebody was asking about natural gas. So here's the natural gas contract. And here is, so one of those tools that we use, as you know, are the market profiles. They help us to identify where otherwise it would be hidden to us, where there are buyers and sellers out here. So these are great tools. Now, in this case, we've got a 60 minute to 240 a daily and the weekly timeframe chart. What we can see out here is prices, but there's no new daily profiles. There's no new weekly profiles and prices below the bottom of those boxes. What the heck does that mean? It means you're below support. You're below support until new support shows up. We can continue moving lower. Now we have other tools to also help us identify support. Let's focus in on the 60 minute timeframe chart. Because Hector was asking about a blow off top. Is there something such as a blow off bottom out here? Well, let's not even try to answer that, but we can see that huge spike in a two hour timeframe. Well, I can't say it was this morning. It was taking us back here. It began at 2 o'clock between 2 and 4 and then between 4 and 6, this 60 minute, 3 and 4. I'm sorry. It's a one hour timeframe. I'll eventually figure that out. But we can see big, huge move in just a two hour timeframe, not four, two hour timeframe. Now, what was that doing Hector? Or what was that doing to each of you that are watching this on Tiger TV? For me, it's easier to just go look at the chart and try to understand was price moving back to a support level out here? Well, let's go find out. As we take a look at the 60 minute timeframe for natural gas, if you and I were going to identify a price level as to where natural gas would pull back to breakout support on a 60 minute timeframe, it was already written in here. Well, before price started moving down and that price level $2.18. Yes, price got below it, but the close is what's really important. Price closed above that level. This was right here. Let me get my cursor out here. So here's a key level of support. There's also resistance. That was at 4 o'clock this morning and that hammer candle. So price comes in and it turned into a hammer candle. What's a hammer candle mean? Well, first you got to have, directionally speaking, price must be moving lower. It was. And it tells you the market is trying to hammer out a bottom. So in this case here, in natural gas, on a one hour timeframe, you know the market was trying to hammer out a bottom, came down, tested support, rejected it, generated a hammer candle, followed by another bullish reversal candle, piercing candle, followed by another bullish engulfing candle and does what? Price bounces right up into where it should be. Where should that have been? Stevie's oscillator and change line, the red-green line, the Christmas color line out there out here. We know that when price was moving lower as it was making that hammer candle, the oscillator and change line was changing colors, like a chameleon, or sometimes a chameleon, because it just tests us. But in this case here, it was changing from green to red, telling us that the price oscillator was at zero. Now, when that happens, there's a phenomenon that takes place. I can't tell you why, not because I can't tell you why, but because I can't tell you why. If you know what I mean. But what I do know, just simply in observing chart pattern behavior out here, is that we know that when we see that, we see price and that line catch up to each other. Now it's really important here on a 60-minute timeframe, because all price has done so far is come down, it's tested one level of support to go up and test an area of resistance, Stevie's green line. Now it's red and it's more important, because if price fails to close above Stevie's red line on a 60-minute timeframe, that's bearish out there, meaning that sellers are in control and they will try to push price lower again. Now will we see a close below 218 or we see a close below the bottom of that hammer candle? That I don't know. Likewise, the other side could take place. It's only 837. This is a one hour bar by 9 o'clock, maybe price closes above 2.225, and if it does, then price will run up to resistance. Where's resistance? Well, that was set up and established by the TD set up nine count pattern, and that's $2.27. So like the nine count doesn't always identify a top or a bottom. But folks, what it does do, no matter what, I mean no matter what, what I meant to say was no matter what, is it provides us with key levels of support or resistance. I can't imagine, well I can't imagine, because I used to trade without this information. And then I was always asking the question why. And so that always led me to go out and try and test out other tools or create other tools or look for other patterns out there. I hope that I know that somebody out there, or some buddies out there, are going to go ahead and take in all these subscribers who've watched the archive workshops. They too have a sense of wanting to be able to become better trader investors, understand what's going on the market. They're going to take my tools and improve upon them. Picasso is the one that said, you know, good artists copy, but great artists steal. Yeah, steal these ideas, improve upon them, and then slip me an email. 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Distributor Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Welcome back, folks. Marshall in our Tiger's Den has probably the most succinct quote out here that is something to truly live by. And it's very simple. It just reads, success is never to be envied, merely copied. Now just think about that for a moment and think about that in our current political environment out here. Success is never to be envied, merely copied. Isn't that really what it's all about out there? The reality is each of us are supposed to help those that are doing poorly to do well and those that are doing well to do better. Take this show as an example, not this show. I mean, you know, the TFNN network of shows out here and the contributors that we have. We don't differentiate between somebody just getting in on the game or learning it versus somebody that's already been successful and is looking for some additional tips out there is looking to, you know, simply copy tools that baby Basil or David or Tom or Larry have or something like that. How is it that we live in an environment where we're trying to punish success? You just want to take your head and just simply, you know, bang it up against a brick wall. Although I suggest not doing that. I've done that before. It really doesn't accomplish a whole lot out there. Success is never to be envied, merely copied. If we just simply had that philosophy as a country out here, just imagine how good things could be. And each of you know how I feel about the biggest sham and scam of all where they sit here, people start trying to tax wealth as if they're really entitled to tax other people's wealth out there or start talking about the mere fact that, you know, only a certain percentage of the population is in the stock market out there. Why is that? Why isn't somebody asking the simple question? Why isn't everybody participating? And everybody should be participating. And the asinine, I can't say that because that is, I believe I can because I just did. The idea that social security funds are stuck in non-tradable government debt is, it is what it is. It's asinine out there. Why isn't everybody? Look, when you own a business, this is not complicated. You first rule of business, keep all of the guns pointing outside the boat. Because if they're not pointed outside the boat, folks, you're going to lose a lot of good people out there. Right? So picture this. Everybody is either having a, is celebrating the mere fact of success. It's just simply success is never to be envied. It's to be copied. Look, there's really three ways to be able to. There's more than three ways, but there's three primary ways in order to be able to generate wealth. Right? You know, owning a business, being an entrepreneur, that's one of them, the so-called American dream out there. Right? Real estate, many people, most people out there, their wealth is simply accumulated hopefully through the rise in real estate prices. And the third way is investments. Okay, and those investments, whether they're debt investments, stock market investments, these markets out there. Yeah, you can marry into it. Yeah, you can inherit it. Okay. But those are the, yeah, you can win a lottery out there. But let's just get back to the core, which covers the majority of people out here. And so you're going to eliminate one of those, not you. You know, I'm kind of just referring to the old, you know, the politicians out there who really have no intent in helping the poor do well. Everything from the rich to give to the poor is never going to have the poor do well long term. They must, they must participate in the stock market. And you and I, we must make those changes. Okay, back, I don't know how I get off track here. I don't really consider it to be off track. Some of you may feel it's off track and that's okay. But let's just simply come back to BJ's wholesale club. That was a request inside the Tiger's Den Forest. And I think the question is, somebody's looking maybe for a bottom. Do I see a turnaround? So do we see a turnaround or a buy entry? So here's what we know right now about BJ's wholesale club. We can see that price is trading below its daily and weekly TAS market profile. Now, right now, price is sitting on the weekly TAS market profile. I'm very close to it. The bottom is 22.63 yesterday, close 22.56. So in this case here, if in fact there's a close below 22.63, well then what that is suggesting to you and I is that this has got to move, it's going to continue to move lower. Now move lower to where? You know, there's several A to B equal CD patterns that we can try to trace out here. Here's one of them. The one that I'm referring to is where the A point is on September 12th. The B point is on, looks like October the 7th. And a pretty good retracement, 86% retracement onto November the 11th out here. So it does look like price can continue to move lower out here. If I look at my, because this is an IPO that takes us back into July of 2018. I don't have enough monthly data to provide us with any information out here. But if you're looking to buy this, it doesn't look like it's bottomed out here. And you know, price is doing the wrong thing. Like yesterday was a test and rejection of Stevie's red line. That's a 22.55. There is a TD set up nine count pattern that's underway. But today would be day, could be day number seven or eight. Maybe what price is really doing is watch the hammer candle out here. The hammer candle that I'm referring to takes you all the way back to August 16th. That's where you've got some bullish support out there. Maybe price is just trying to make a B line. That's in the 2079 to 2140 area. But would I take a long trade in this equity right here right now, not based upon the information we have as of yesterday's close. Maybe that changes at the end of the day. But right now my answer would be to just sit tight when it comes to BJ's wholesale club holdings. I've never been inside one of these locations. I've seen them around, but not a ton. Not like Costco or Sam's Club out there. Okay. So no other question. Now I want to make sure that I answered the natural gas. I kind of focused in on the 60 minute timeframe chart out there. I think it was helpful to do that just to understand what was going on. On the daily basis here as we take a look at natural gas, what it didn't do, I think Alex had written in yesterday and was asking, hey, is it a buy? Because it was a nice bullish candle out there. And what we were taking a look at, hey, if it closes above Stevie's red line, maybe of course we like to see at least two days of a close above resistance if you're going to bottom. And we don't have that right now. Now maybe at day's end there is a second close above 2.251. That's Stevie's red line now. And if we did get that, well, then yeah, maybe that is some kind of bottom. Even though price is just trading sideways right now. But right now the answer to that on natural gas is no. Watch that 60 minute timeframe for blanks and giggles out there. Actually just really to observe how the laboratory works with regard to the tools that you and I use out there. Let's see, was there another question? I want to make sure that I get to all the questions that have come in on natural gas. Okay, so we're good. We've gotten through everything. Well, I can't really say we've gotten through everything, but all of the requests out there. So what else do we want to take a look at? What else is going on in the marketplace? How about T-bonds? Take a look at T-bonds out here. I switched from a bearish position just simply to short term bullish. And the reason was is because, well, price is trading above Stevie's red line right now. You've got a bullish structured TAS market profile. And it looks like a price wants to go hit the top of that box in the 157 ish area. And that is the long term Treasury bond outlook. We'll be right back. Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. 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Click on the Primal Edge banner on the front page of TFNN.com. Then hit watch Tiger TV for the latest market information. Welcome back folks, thanks for listening. We're recording this show between 8 and 9 in the morning. If you're listening, it's 1.54 in the afternoon. Thanks so much for doing that. Of course stay tuned for a couple more great hours of programming today. We'll be back with you Monday at the normal time. At least I believe that's the case right now. Yeah, that's the case Monday at the normal time. And Tuesday is a full day of trading as well. I don't know why they do that. Why does the New York Stock Exchange close at 1 o'clock in the afternoon? But in any event, they don't. Right now we've got Dow Equity Futures trading up 75 points. The ESMINI is up 7.5, the NASDAQ up 32, the Russell is up 3. When we began the show, taking a look at what the markets were doing, we had the Spotball of Tildiax that was trading much higher than where it is right now. Right now we're at 12.57 out here. Let's go take a look at that. I mentioned to you a level which is 12.14. What's 12.14 out there? Well, that wasn't referring to December 14. That was referring to the closing low in the Spotball of Tildiax. As soon as I can get down here, what was the actual day? The day was December the 16th. So that's the lowest closing low that we have right now. When I say right now, just in a short period of time, right now where we have also a rising bottom's closing price, Spotball of Tildiax with rising price in the S&P 500. You can see I've got other diagonal lines drawn on my chart out here in green. Each of those eventually led to some type of retracement, some more than others out there, more significant, and so just something to be paying attention to. Can you take action? Well, you really can't take action right now because you need something more than just this. If we were to take a look at the short-term equity futures contract, right, if there were going to be a change in trend, it would begin occurring on the short-term time frames. Right now, we've seen some of the futures trade off a bit. Here's your roads with a indicator topping signal pattern that is in play out here. In the ES mini, any pullback and price would first have to close below $32.50, should fine support it $32.47.75. Folks, thanks so much for being here. Stay tuned because Larry Pesavento is up next. That's for the 9 o'clock hour. David White for the 2 o'clock hour, and have a terrific weekend. I'll see you on Monday. Take care.