 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks welcome to the November 29th, the wonderful Wednesday edition of today's Traders 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 Hey 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 when you and I when you and I uh oh I totally lost track there that's an old people's thing out there so uh I forgot where I was in my here's what I do know is that when when you and I can oh I really just screwed up that's that's kind of a weird thing that's a weird thing um in any event let's do this let's not stay here with Steve he getting confused out here uh let's just simply uh go ahead and get to the show so I'd love to hear from you you can give us a call 877-927-6648 now if you have a question which you can't call and you can always send me an email send that out to steve at tfnn.com and inside the subject heading please put radio show question now if you're inside our tiger stand well then any and every ping will do so let's go ahead and get this show started on wonderful Wednesday of course this is tiger financial news network I'm Steve Rhodes welcome to the show right now we got a sea of green out there all the us indices that we track our trade in the upside that includes a spot follow till the x what's up there don't know but we'll go find out you've got the dial up 47 points about a little a little over one tenth percent almost three tenths for the s and p or 12 points retest for the nasdaq 100 51 points one and a quarter percent for the russell 22 point moved there some eyes up nearly two percent or 70 bucks trend is up 137 that's nearly a 1% move to the upside goals up three bucks silvers up 11 pennies like to recruit up 41 cents natural gas up a penny 30 treasure printed out at 1702 that is up 22 ticks leading the charge dollar wise to the upside you've got workday ink up 25 bucks nearly 11 percent mercato libre 21 bucks one and three tenths percent crowd start a crowd strike holdings nearly 10 21 bucks you've got into it up three and three tenths that's $19 move there united rentals up over three and a half percent 16 and change there to the downside the shakers are J bill of $16 and change nearly 13 percent you made it down almost 10 or 2 percent elements held down six and change nearly one and a half percent met it down five and a half but one and six tenths percent cost goes off five bucks and change that's nearly one percent move to the downside but let's begin with us so you've got the spot ball tunics trading a bit higher out there I'll just take a quick peek see what that's a signaling to you and I if anything out here nothing that I see at this stage of the game out here although I will say one of one of Garos parabolic sardots formed yesterday at the below price out there so the spot ball tunics is suggesting to you and I a change in trend well if it is going to have a change in trend then what we do know let's go ahead and switch panels out here what we do know is that if that's going to occur we're likely not to see the ES mini take out its TD nine count top I don't know whether it will or it won't we're going to switch over to those charts we've got the white background charts up on our screen right now you've got the daily charts for the four equity future contracts along the top you've got the weekly charts along the bottom we take a look at the daily chart for the ES mini what we know is that a price closes above the TD nine count top high and that's the high from November 22nd and that's at 45 80 50 that pattern will get negated and that would suggest to run up to 46 44 75 its next TD nine count breakdown level if in fact it holds well and especially a price can still remain below the bottom of its or the top of its profile out there this is the ES mini that we're taking a look at the top of that profiles at 45 72 if price gets below that okay then the top that's in place here still holds so something to think about but we don't want to make that decision right now we can make whatever decision you want we can't make that decision until days end if there were to be a bearish reversal candle today that would confirm a roadsman to indicator top the same thing would be true inside the nq we can see that it's triggered a roadsman to indicator top needs a bearish reversal candidate to confirm that topping pattern out there it would negate its TD nine count top it's already been tested but so far it's been rejected with a close above 16 173 50 that's a real key number to be watching now if price is able to negate the TD nine count top and it should be able to do that what we've also got today going on as a test rejection of its swing point from July 19 but a price can close inside that swing point and that would be at the 16 115 even Steven out there that would suggest to run for its high it's high out there inside the Nasdaq is 16 264 and a quarter again a bearish reversal candle days end would confirm a roadsman to indicator top so far resistance itself so far the topping patterns are still in play out there we take a look at the dow equity future contract yesterday it negated its TD nine count top and now what it should do is go target 35 757 35 757 is a TD nine count its next TD nine count breakdown resistance level with regard to the Russell 2000 Russell 2000 is trading into trend line resistance that's been trading in there for quite some time if he can clear that resistance level and I would say clear it would be a close above today's high so far certainly that would be clearing it today's highs of 1834 where does that number really come into play that trend line I would have to say it's right at about the 1827 level out there so close of 1827 would be pretty bullish for the Russell 2000 would suggest that its a to b equal CD pattern that is in place out there is well underway now that a to b equal CD would get us up to the 1866 50 level out here you know I'm not going to spend much time on the weekly charts we take a look at the Russell 2000 you can't see it does have that resistance of the 1841 level 1841 90 nothing inside the dow equity future contract resistance inside the NQ is where it's trading into right now the top of that weekly profile is at 161310 that's not so important today on a Wednesday more important on Friday out there for the reason I didn't want to spend too much time and take a look at the daily inequity and the weekly futures contracts because I wanted to switch over and take a look at the DAX and you might ask yourself the question would that be a good question Steve why we take a look at the German market out here and the reason is well let me answer that question let's answer the question why do we want to take a look at the German market out here the German DAX so to do that we're going to do is we're going to hold and change windows I'm going to go back to the black background screens I posted these charts in the den earlier this morning when I saw what was unfolding out here when I saw unfolding inside the DAX and it's got a very strong move to the upside is it was negating its TD9 count top now you don't see that on this chart that we're looking at well you see on this chart that we're looking at is the directional correlation over an average period of five days out there and bars that are above the zero threshold line out there tell us about a directional relationship between the DAX and the NDX100 which one's the tors which one's the tail which one's the dog which one's the tail that I don't know out here but what I do know is we've got a good directional correlation and as we flip back to the DAX charts out there the DAX is well I can't keep guarantee I think the DAX closes in 15 or 16 minutes out there if not it's in an hour and 15 minutes but if we take a look at the DAX out here you'll see that it is negating its TD9 count top as Tom likes to say it's doing it in spades out there so if the DAX is going to do that odds would favor that the NDX100 will do that as well we get back from this break we'll finish take a look at these charts and we'll take a look at some requests that have come in we'll take a look at BAC, HUM, PSTG and anything else we can get our hands on Steve Rhodes 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 Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of future 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's 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 Basil 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 in stock prices. Get the opening call newsletter by Basil Chapman in 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 Rhodes 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 Rhodes 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. Folks, so when we went to that break we were just we're going to break we're taking a look at the charts here for the DAX and the NDX signed lined up next to we know about a very strong directional correlation and so a good reason to be able to take a look at both so when we took a look we were looking at the equity future contracts earlier these are the cash indices out here now you can see you've got a TD9 count top inside the NDX 100 the only way that gets negated is a close above 16-190-1932. What I noticed about the weekly chart here for the NDX 100 is you'll see it's got a TD9 count top it's got a rogement to indicator top that resistance level is the high at 15-932 last week's close was 15-982 so those topping patterns have been negated now you'll see rogement to indicator signals still present at the moment that requires a bearish reversal candle this is signaling to you and I especially when we go ahead and combine this with the DAX out here that the NDX 100 wants to move higher now that doesn't mean that we don't see price pull back maybe test the oscillator and change that or maybe something else it stills got that top in place but if we do get it closed above the TD9 count tops whether it's the NDX 100 and the cash indices or whether it's the NQ the S-mini and so forth I'll that that would tell us about that strong rally and that strong rally you know could take place just simply because of the seasonals out here in order to show you the seasonals we'll go back and take those seasonals give me a moment let's change our screens out here and then I'll put that tool up on that screen so we can take a look at it the actual first seasonal that's going to pop up here and then I'll switch back to the to the NDX 100 as an example this happens to be Goldilocks so Gold's forming a TD9 count pattern we're going to take a look at that today as well but what you will see is that we are in the favorable seasonal cycle for Gold which basically lasts until about February 20th so the seasonal this is over a period of 55 years so the seasonal the bullish seasonal cycle for Gold begins right around November 20th and then it usually peaks out on average right around the middle of third week of February out there now that's what it does over a 55 year period the last quarter of a century what we can see here is that seasonal period doesn't really start until about the December 15th timeframe well we know that's not the pattern that's following with the explosive move that we've seen out of Gold here recently but it also does show that Gold typically rallies up into the February 23rd timeframe out there so just a little piece of information before we go back and take a look at Goldilocks's chart but let's look at the NDX 100 out here and so here's a Nasdaq 100 let's see how many years worth of data we get 38 years worth of data out here and this is the cycle that we're in as we speak right now so this shows maybe a pullback for a day into tomorrow and then it resumes its move higher into the first week of December all that makes sense with regard to window dressing and so forth then we get a decline into about the middle of December before price takes off to the upside now that's the Nasdaq 100 each of the indices do not necessarily look the same here is the S&P 500 now we just did 38 years there I can keep this looks I can keep this on the same 38 year track out here here inside the S&P 500 the bottom typically comes in around October 26th that's when the exact bottom actually formed out here inside the markets so that's kind of a cool thing and again this shows just the seasonal cycle with the markets in this essence topping out right around December 5th pulling back for a week or two and then moving higher out there that's what the S&P 500 seasonal looks like we can take a look at the Dow the Dow Jones which negated his TD9 account top yesterday or was that no that was not the Dow so here's the Dow charts the Dow also forming that seasonal bottom right around October the 26th and then continuing to move higher so the Dow doesn't have as much of a pullback typically as we took a look at inside the S&P on average or the or the Nasdaq 100 but nonetheless we're in that favorable seasonal time cycle whether it's for the Dow the index 100 the S&P or even Goldilocks out there so just something for you to consider yeah good we were on that right chart so now let's do what let's do the let me close out those DAX charts let's get to some of the questions that have come in so let's get to those the first one come from Duncan Steve want to take a look at Bank of America BAC out here momentarily we'll get to those charts so give me just a moment if you would be kind enough to do that and here we've got BAC so we take a look at Bank of America what do we know well first we need to populate the full set of charts out here so what do we know it is populated no TD9 counts yeah how about that so all that's taking place right now in Bank of America is it is triggered right now it's trying to take out resistance which would be the top of its profile that's at 3025 it's triggered a rose meant to indicator signal but that needs a various reversal can let's just a warning sign out there that's like living in Florida a weatherman saying take your umbrella because it might rain basically every day in Florida it might rain it doesn't rain all the time all day long but at some place somewhere we're typically going to see some kind of a shower out there now Bank of America took out a B point that had formed on November 3rd that B point had 62 million shares it was taken out with 66 million shares so there's an A to B equal CD to the upside that's already been confirmed out here Steve oh there's your A to B point or approximately it I'm just simply going to move this over into the C point out there and you can see it gives us a price projection up towards 3129 the actual next TD 9 count breakdown level for Bank of America is at 3140 so I'd say that a close today above the top of its profile or any day above the top of its profile 3025 is likely to continue that move to the 3140 level there's nothing in the weekly chart to suggest that it shouldn't do the same its price target becomes 3111 so we got 3111 3140 that's the range now on a monthly time frame chart out here the real key level with regard to Bank of America is that oscillator and change line we can see that price has been below the oscillator and change line since February of 2022 and therefore on a monthly basis any close not a daily base not on a weekly basis but on a monthly basis out there what we're taking a look at is any close above that line out here is currently priced at $30.65 a close above 3065 would signal to you why its intent to change its trend however if we take a look at the monthly chart out there you do have profile resistance up at 30201 so right now if you take a look at BAC it looks like strong like bull should head higher watch out for a bearish reversal candle that would be the signal that okay it's got some type oh man I was not sure oh she's Louise okay let me put those charts back up here sorry about that sorry about that thought that I had hit the switch button and Stevie did not I know that's probably got to drive you crazy out there we'll do the quick version you can see the C2D leg on the on the daily time frame chart you see the 3140 level you can see the roads meant to indicator signal you see the top of the profile 3025 here you can see that on a weekly basis price is going in for 3111 that's especially true of price closes above last week's high that's where we're trading above right now at 3025 and on a monthly basis there's that oscillator and change line that is acted as resistance on its move lower so any close above that is going to tell us about a change in trend out there so I hope that helps you out Steve oh and everybody else sorry about having to repeat that twice we won't repeat that twice when we take a look at ticker symbol HUM and this is the question here is from zip should he stay or should he go and we take a look at Humana Inc. Humana Inc. gapping down today now what we don't have about so what Humana Inc. did was it traded into its TD9 count top that TD9 count top that formed on October 17 that's also a swing point that swing point had volume of 714,000 shares when that swing point was tested and rejected it was with 986,000 shares back on November 27th out there but was also tested and rejected with let's see the volume on the trading day of November 24th that was with 312,000 shares so that was a lighter volume test if I recall yeah much lighter well so I don't really have the topping signal was looking really for that test rejection on lighter volume because of two days ago's trade volume we certainly didn't get that should you stay or should you go here's what I can share with you price is still trading above where the sellers are located and the sellers are located between so this is between 487.91 and 493.28 and it's between that level because that is a daily bearish structured profile what I mean about that out there zip is that the center of the profile is where both buyers and sellers believe there's fair value within inside the range the range of the top in the bottom of the profile so if there's both buyers and sellers there and there's only sellers basically up at the 493 level that's why we call it a bearish structure there's more sellers in that range out there now because price had closed above the top of that bearish structure daily profile for more than two consecutive sessions and quite frankly looks like two to three weeks out there if it's only a counter trend move to the downside I wish I could tell you whether that was the case or not but if it's only a counter trend move to the downside that's the area that price would find support 487.91 to 493.28 so I don't know where you're in what your time frame is if we look at a weekly time frame chart is there any reason is there any signal out here to tell us to go ahead and jennison humana there's not prices trading with inside its profile it's a big consolidation range 467 up to 530 price remains above that green oscillator and change that those are bullish conditions the monthly chart out there is also just a big old fat consolidation between 442 and 571 30 out there so should you go or should you stay again I don't know where you're in I don't have the reasons to tell you to sell that's for sure if you close below 487.91 and you're trading at 500 bucks and change right now or 499 70 X the last trade fired off you know then you might want to be interested in in selling out there final support though on a daily time frame if you decide to ride this is a 477 17 that is the bottom of that profile so zip I hope that provided you with the information that you were looking for if not right back and I'll try to get that for you the next instrument we're going to take a look at is ticker some pstg this also for dunk and steve inside the tiger's den pstg is what is it it is pure storage out there if pure storage is trading into a most recent swing point that could form the that is the b point of a potential I say potentially to be equal CD the upside why is it potential because price has to close above it well the swing point that we're talking about is November 15 and that swing point has volume of 3 million shares a little over 3 million shares today so far in trading you've done 3 million shares so price is moving into that swing point with volume even if it rejects it by rejected I mean it closed below the low at 3747 price would still at least get a backup and test that swing point I close inside the swing point at least says we're going to go test that high well it's already tested high today stevo well if it was really going to be a top you would test and reject that 3819 level on less than 3 million shares you're not going to do that today looks to me like pstg wants to continue to move higher steve roads with tfnn we'll be right back don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv did I actually talk through that entire break that's pretty wild out there obviously my clock was just screwed up that's the clock inside the brain here I guess so I don't think anybody heard me talk about pstg is that in fact the case out there oh son of a gun what the sam heck is steve doing so um I'm pretty sure that I spent that time speaking through that commercial we heard you what do you mean you heard me so you just uh played right through that is that the that's that's the dll so I don't have to go back and repeat myself I hope that's the case out there but real quickly here's pstg just uh just simply just a quick follow-up you can see it's trading into a prior swing point from back here on november the 15th it's doing it with volume oh good no commercials oh that's very cool okay great all right so we'll we'll just simply go on so the next request is to take a look at fizer this is for johnny d inside the tiger's den so let's get to the fizer charts out there in the case of fizer and what johnny would like to do is go long so what you've got inside of fizer I don't have any kind of a bottom but I take that back fizer has a wave seven bottom that wave seven bottom was confirmed on the trading day of november the 14th price is now back inside its uh profile level so if you're looking to buy the buy zone on this is between 29 18 29 43 and 29 50 29 50 those would be the three levels the first two I gave you were the bottom in the center of its bullet structured profile and that third was the oscillator and change line so if you're looking to put on a position that would be an area to do that we'll look at a short term time frame chart see if there's any assistance out there the weekly chart has a confirmed td nine count bottom if we're to generate a bullish reversal candle would confirm a roadspin deminucator bottom and on a monthly chart for uh fizer it is going to complete a td nine count bottom this month out there so you got bottom signals on the monthly bottom signals on the weekly confirm bottom on the weekly confirm bottom on the daily time frame so let's go take a look at 30 minute time frame chart see if there's anything out here that johnny d and i can gleam as we open this up we ought to get to the actual data so we take a look at the date out here what do we have so i see this a 30 minute chart i don't have so we don't have a bottoming pattern here to assist you i don't have anything that's really a top um so 30 minute chart's not going to help us out let's try the 65 minute chart see if there's anything there why 65 because it divides into a 390 minute day and on a 60 minute time frame 65 minute time frame let's see that low 2968 this close 2967 now i don't even have a bottom signal there so where i'd like to let me just go to a 15 minute chart let's just get really granular here and on a 15 minute chart there's where you've got at least a bottom you got a roadsman dominicator bottom let price pull back this suggests that price should pull back to the round the 2981 is level out there so you do have the uh like you do have the buy your question was you want to go long and i can see that with regard to the chart patterns that are out there with regard to a Pfizer so now it's just a matter of where do you take that long position where do you move in and i think it is come back to that daily time frame 2918 2943 2950 would be the range out there so hope that helps you out john johnny and if not right back and let me know mr bill want to take a look at the spotball till the x he was wondering if there were any td9 counts out there so let's get over to that set of charts out here whoops oh geez i clicked on the wrong button we all see some lights we crew charts pop up simply because instead of clicking on vixx i clicked on the u and that was the us o i don't know that these are the contracts inside the us o and sorry about that steve's got a lot of saris today i think i should go back to bed but now let's pull up the uh volatility next charts now we take a look at the volatility x that's going to be this chart here though just simply expand out we take a look at this mr bill we do not have any kind of patterns any kind of td9 counts any kind of anything out there what we do have at least on a daily time frame is we have price that is rejecting that oscillator and change line we can see the spotball politics has been below the oscillator and change line since the trading day of since the trading day of october the 30th so i would say here mr bill that the more important tool with regard to spotball till the x is going to be the oscillator and change line and price ran right up into that this morning and so far that area is held now it being 13 dollars and 15 cents so if the spotball politics were to close above 13 15 maybe it's 13 16 or 13 7 17 okay i don't know right now it's 13 15 out there if we're to close above that then that might be significant so we mentioned that uh garrows uh he was a parabolic chart tool and i for for whatever reason i have that turned out on the spotball politics not this chart we're looking at but on another set of charts out there and that showed a bottom dot out there which is suggesting that maybe there's going to be a change in trend out here well we can go ahead and use that combine combine that with regard to stevie's oscillator and change line and say a close above 13 let's just make a 1307 just to be safe out there a close above that today would suggest a move up towards its 50 day expense moving average that's at 15 57 well if it does that that'll send the s and p 500 lower that would also mean that the s and p 500 would retain its td9 count top which it may do and if it generates that roadsman communicator signal that top out there then i'd say we're likely in store for a more prolonged top than just maybe move back to support which by the way inside the es mini is 4509 so i don't see anything else on my charts out here even if i look at the uh december future contract out here uh that low was 1380 we had closed yesterday on that contract oh right at 1380 so didn't close below it so the the december vix contract mr bill has a td9 count bottom now it needs to close about 1428 to tell us that there is a change in trend the january 24 contract does not have a td9 count bottom it needs to close about 1595 in order to suggest a change in trend now i don't know which contracts so this is for you guys at home especially if you want to trade the uv x y i don't know which contracts are a part of the uv x y right now odds favored december and january are somewhere in that mix so when would you want to consider taking a trade in the uv x y i would say that would be with closes above those oscillator and changeline levels and that's why i spent time there so mr bill i hope that that helps you all provide you the information you were looking for with regard to the spot volatility index out there let me close out those us so charts we don't need that hogging up space and then let me get over to the vix charts out here and now let's get back to let's see we got some new questions that came in um dunking steve i'm i'm bailing under for a great steve thank you you're actually asleep i tried market bottom always on okay uh benign visor two okay so i there's no other request oh son of gun i thought there were some other requests that had come in uh oh microsoft nature wants to take a look at microsoft so let's do that let's get back to the microsoft charts out there and then i'll make sure i'll go through all the uh prior all the messages that were in there make sure that i've uh uncovered everything so let's take a look at microsoft msft now we know that microsoft put in a top yesterday can't recall was it a td9 count top or was a roadsman to indicator top it was a roadsman to indicator top i believe no that's today yesterday was a td9 count top today could be a roadsman to indicator top out there that's where price is moving higher doing less relative energy and then we get that bearish reversal candidate to confirm that pattern so you've got your tops out here it looks like so far and see what price should do if it closed below three eighty eighteen is net and test the next level of sport that's at three seventy four seventy five below that we're looking at a move to about the three sixty seven level see roads with tf and n 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 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 tf and n dot com tf and n 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 tf and n dot com when you subscribe you'll get a weekly 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prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 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 four side fund services llc this program is brought to you by vista gold traded on the ny sc american and tsx under the symbol vgz match we're taking it microsoft here this for nancy inside the tiger's den nancy the next area of support just on an intraday base i know you're more of an intraday trader out there we should see price get down to 37620 level that's the 30 minute td9 count breakout area but we've got tops in place for microsoft on the daily time frame got two topping signals does that make it better one not that i've experienced it just makes it a top out there but prices still above resistance and that resistance is the top of its profile 37475 so the overall signal is really neutral folks not until price gets below 37475 will it generate something other than a neutral signal let's take a look at the banking sector the regional banking sector that is the kre this is for joey d and if we take a look at this the kre is trying to take out a swing point that's a swing point from the trading day of november 15th that swing point did volume of 20.7 million shares so far today you're up with 9 million shares that says that this is trying to take out that swing point with volume the top of its profile out here joey d is 4548 the top of that swing point i believe is also 4548 so a close today about 4548 with more than 20 million shares are going to generate a a to b equal cd pattern to the upside if we take a look at what that would give us as far as a price projection we'll just simply do the a to b i'll move this over to the c point out there which means i've got to actually scrunch the chart technical term scrunching you got to go to school to learn how to really do a great scrunching job i didn't go to school for that that's why it's kind of not such a great scruncher but that would give us a price projection somewhere in the 51 dollar area now before price gets up to 51 joey uh price needs to deal with some sellers out there no sellers happen to be at the bottom of its weekly profile and that's what it's trading into right now and that's at 4563 so we're in a real strong resistance zone out here price can close above that 4563 that would be a short term positive now price has been below this is a bullish structured weekly profile price has been below that for more than two consecutive sessions if it's only a counter trend moved to the upside then price would find resistance of 4661 but you got battles of 4563 4661 and then above that 4738 the daily looks good but that does not mean that we can ignore the monthly uh the weekly time frame chart out there so hope that helps out with regard to the regional banking sector you just got some battles on your hands let's take a look at btu btu this is for the i'm sorry the gdx let's look at the gdx you know this for elo and the tigers den in order to really look at the gdx we look at this here you're going to see a td9 count top but really to do a proper evaluation of the gdx we should go back and take a look at gold and silver out there it's certainly gold because it's of its directional correlation so here elo here's what we know about uh goldilocks this is the uh february 2024 contract today is going to form bar number nine of a td9 count that says that gold should top out today or tomorrow if it does top out today or tomorrow the gdx should pull back just simply because of its directional correlation out there we take a look at the weekly time frame chart the weekly time frame chart shows us that uh that that shows us an a to b equal cd pattern to the upside that a to b equal cd pattern to the upside gets us into about the 2150 type area now let's take a look at the gdx so you got gold that's going to form a td9 count top the gdx formed a td9 count top yesterday and that and so far it's been pulling back now that pattern would be negated with a close above yesterday's high which is 3123 otherwise price should pull back the test support the first sum of support right now in the gdx is the aster and changeline those numbers will change as price moves up and down but it's currently printing out at 2947 so we want to watch gold to see if in fact it does form that td9 count top remember earlier in the show if you're with us we took a look at gold seasonal pattern out there we are definitely in the favorable seasonal cycle pattern for goldilocks that last through february of next year out there but let's respect the td9 count patterns we've got inside of a goldilocks as well as the gdx when it comes to silver out here let's get up to the current information silver is testing and so far has rejected there's no topping pattern there's an a to b equal cd pattern needs a various reversal signal but what we've got with silver is silver is testing two breakdown areas 2547 and 2557 and when you get to a breakdown level that itself can be a top so we've got a top potentially inside of silver a top potentially inside of gold and a top pretend not not a top potentially a top inside of the gdx again we got to watch the high of the gdx because if price takes that out that could be telling us something but right now it says prepare for some type of retracement out there hope that helps you out let's take a look at btu btu this is for rose inside the tiger's den and uh i didn't spend time taking a look at the question i was just trying to make sure i got all these symbols out there here's what we know about btu bachman turner underdrive and that is that it's formed a td9 count top four days ago was bar number eight that identified that top so p body energy has got a top out there where should that top take us to rose the first level at that top should take us to is about 2353 the price closed below 2353 you've got supported 2328 your price closed below 23 i'm sorry 2338 your price closed below 2338 it's going to make a move to 2246 to the 2231 area so on a daily time frame p body energy has got a td9 count top with price consolidating with inside those profiles levels there's also a descending trend line that ran into resistance as well i don't have that drawn in here but you can visually see that if we take a look at the weekly time frame chart just a consolidation with inside its weekly profile the same from a monthly standpoint real quickly if we look at we don't have to quickly we can just take a look at intraday chart out here this is a 15 minute time frame must be because of what i did last time i don't see any signals there but i'm going to change this over to the 30 minute time frame see if there's any kind of message here for btu and the answer is a td9 count top and a price can remain below 2375 your trade at 2391 right now i know it's a 78 on my system so watch that 2375 level because the price closed below that that should get you down to 2343 so i hope that helps y'all rose thanks so much for uh being patient and waiting for me to get to that let's go to our next request and this is for macuppy wants to take a look at nordic american tankers nat is a ticker symbol so we're going to have to go ahead and populate these charts here right now that'll take just a few moments in time and macup macuppy says he sees some support i believe it around the 378 level and macuppy i've got 379 is the next support area for natural for nordic american tankers so i'd say i like your 378 we're not going to worry about a penny out here so if price closes below 379 no that could be curtains out there well not really curtains curtains but what that would say let's open up the daily time frame is that price wants to get back to at least test its recent swing point low and that's right here it's trading into it right now that swing point has 2.7 million shares out there so far for the day nordic american tankers 6.5 million shares so you know what that means macuppy even though 379 is support you could be closed inside a swing point so the daily close is going to be important if you close inside 382 you're 390 right now if you close below 382 odds favor you're going to go test that low and that low is going to be 369 if you close above 382 because we have volume that says that we should see at least that 382 level get attacked one more time so you are looking specifically for the support levels you've got them 371 379 and of course we've got to take a look at that swing point low from the september 13th and that's at that 369 level steve roge with tf and i won't talk to this break here like i did a couple breaks ago cannot believe i did that but uh i'll be back and then we'll finish up the show 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 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upside is simply close above 3850 that's the top of that daily profile it should be able to do that I don't know whether it will do that but that's that's really where the battleground is right now if you can do that then price ought to gravitate towards the 156 77 you can see that you are inside a big huge gap to the downside that had some pretty big volume 7.8 million shares on that gap to the downside inside of keys so you got to expect you're going to run into a bunch of turbulence as price gets into that gap let's go take that u.s. dollar index for peter from park city and peter's question is basically hey yesterday the u.s. dollar index negated its td9 cowl bottom and you are right about that peter here is the u.s. dollar index and there was a td9 cowl bottom that formed on the 27th that formed on monday and then on tuesday and they gave that signal now what other bottom signals are there for the u.s. dollar index well peter courtesy of the Chapman wave although may not be the rogue wave out there we do take a look at that seventh wave move to the downside and that's been triggered today it was triggered yesterday out there in order for that to identify a bottom you need to see a higher low so watch for that come tomorrow's time frame out there your question was how far lower can this go well you know i'm also watching this support level out here and that's the week of november 21st and that's not a 147 15 and a price closing below that this week that'll trigger a weekly a to b equal cd to the downside oh that was a japanese odd cheese i thought it wasn't sorry sorry sorry who bad day bad chart day for stevie here let's take a look at the weekly time frame chart where is price headed to peter it's headed to 101 60 that's assuming that we don't get a bottom out here that wave seven bottom i know a buy a bullish reversal candle right now it's a bullish bursting candle that would confirm a buy the d point doesn't mean that it's going to be able to take out resistance at the 103 34 level but to the downside you were asking specifically about the downside if we don't get a bottom signal here 101 60 becomes the price target area shoo made it through that sorry folks for the uh not the smoothest show that stevie's ever produced but uh we'll do better tomorrow please have a wonderful wednesday stay tuned for all the great programming be safe out there