 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 August 23rd, the wonderful Wednesday edition of today's Trader's Edge show I'm your host, Stevie 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 Well, it's to always remember that life is happening for us not to us That's right When you and I make that one little two-by-four shift means we can find the gift in every set of circumstances that life is gonna toss at us Now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do 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 Dial on in at 877-927-6648 now if you can't call him, but you've got a question We've got you covered send me an email send it early send it to Steve at tf9.com And inside that subject that if you be kind enough to put radio show question Of course if you're inside our Tigris then 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 get all the US indices trading the upside dollars up under Nate three tenths for percent eight tenths for the S&P or 35 One and four tenths percent for the Nasdaq 100 208 seven tenths for the Russell 13 points one and seven tenths for the Semi 63 points gold is up 1% that's a $19 move silver is up 4% 3.7% That's an 87 point move 87 set move likes we crude off 37 pennies Natural gas down about 3 cents and the 30 Treasuries up 1 point and 11 ticks print out at 19 1922 so lead the charge by the way dollar wise the upside you got Mercado Libre up nearly 2% or 24 bucks super micro 23 bucks 9% restoration hardware 6% $20 move there Netflix up 21 5% Broadcom up 2% $16 move there in the case of movers to the downside those shakers $18 move 10% the Lancaster Colony Corp footlocker down 33% nearly 8 bucks Lulu Lemenoff 8 bucks 2% Elevance health down 550 that's 1% move a Nike down 4 bucks. That's a 4% move to the downside Let's begin by taking a look at well, let's go figure out where we're at market condition wise market breath wise what I should say Look at a couple different things first This is a 30 minute time frame chart for the ES mini 227 train above resistance 106 below so that is bullish if we take a look at the Nasdaq 100 It'll take a moment here to calculate and populate 56 above 9 below So for this time frame that's the 30 minute time frame market conditions are bullish from a market breast standpoint As we take a look at what's going on the 60 the 240 the daily and the weekly will take a look at the Nasdaq 100 They've all switched over to bullish for 62 40 and daily is the weekly that still is bearish with 19 above and 31 below If we take a look at the S&P 500 the S&P 500 is in much worse shape You are only bullish for the 60 minute time frame still have negative market breath for the 240 for the daily and for the weekly out There so we'll just keep that in mind as we take a look at those intraday charts the other piece of Market breath information that we could take a look at is that New York Stock Exchange Advanced Client Oscillator as we pointed out Well, I guess they pointed out after the air yesterday I sent it you posted something in the den as I noticed in the New York Stock Exchange We had a divergence that was forming that divergence where price was moving lower But the advanced client oscillator had formed higher lows an indication of a term We're certainly getting that today now this advanced client oscillator is still below zero I can guarantee you So I can't really guarantee you but what I can share with you based upon this indicator Is that sellers are still the ones in control? So we're going to call this nothing more than a counter trend to move How would that get resolved? Well, the bottom panel shows a spot volatility It just shows it slightly the spot volatility is still above its 50 day the 50 day exponential of an average is 15 47 If price closed below that well, then we'd have to consider shifting gears out here But right now What this is telling us is that we're just in a counter trend move position That could change obviously Let's go now take a look at the equity future contracts the daily all four of them See what kind of signals they're providing us. We're going to see the white background charts now If you heard the 10 o'clock update, you know, I mentioned the profiles inside of the es mini And I said we have two different sets of profiles now I'm going to show you the second set We take a look at the second set what we have out here is profile was supported 43 69 We have a bearish structured profile 44 66 is the center and 4505 is the top. You can see the oscillator and changeline. It's right at about 44 66 That is the likely price target for the es mini a price turns down from there granted It has supported 43 69 48, but that would be a bearish indication The real bearish indication would be a clue. You know, I'm not oh shoot. Sorry about that. Sorry there. Thank you, mr Bill glad that we caught that early Thought I made the change, but it did not I did not now you've got those four charts out there So you can see that oscillator and change on you can see that new profile 43 69 48 is what this shows as a Bottom profile, you know, they get around that to 50 for sure and then you're at 44 66 75 Either 44 67 and then 4505 4506 really for the top of the profile so that oscillator and changeline Which just recently changed colors if you should see those charts now peter. They're uh, they're definitely a Um Is that that's where price should run into resistance now the end queue We can see right now. It is taking on the resistance level. That's the resistance of its oscillator and change That is trading slightly above at 15171. We're at 15185 It's going to be about the end of the day not where price is trading at 1112 This could be the extent of the countertrend move now if price closes above this level Then we'd be looking and move to 15358 And we'll take a look at the interday charts to try to get a feel if there's any kind of topping signals While the daily time frame chart is up at a resistance level in the case of the dow equity future contract Today it is likely going to form a TD 9 count bottom. It will do that so long as price does not close above 34 536 if it closes above that this pattern gets negated And we don't have any kind of a bottom I don't have a bottom pattern in the end queue or the es or the russell 2000 in the case of russell 2000 It also has two different sets of profiles We're going to take a look at this set of profiles that shows supported 1850 and resistance in the 1888 1875 zone out there So that's what the daily time frame charts are showing us. Let's dive down a little bit. Let's go take a look at the Interday charts here for the end queue the end queue again on a daily basis up at resistance As we take a look at the Longer term or shorter at the five hour the four hour the two hour chart She's the four hour chart shows us a negated TD 9 count top But this bar does not complete until 2 p.m. So saying that we have negated that signal It's a little bit premature But if price does close about 15118 that would then suggest they move up to its next breakdown level at 153 30 Uh, you've negated the TD 9 count top on the 60 minute time frame. No topping signal on a 30 It's only the 15 minute chart that has a potential topping pattern A TD 9 count top is going to confirm at 1115 less than a minute from now and at 1130 that pattern will complete Watch the 15 minute time frame chart. It's got this signal for the end queue We should then see price retrace and pull back towards its oscillator and change line currently printed at 15 101 see bro. It's what gfnn will 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'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 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 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. It is 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 6 6 4 8 Internationally at 727 873 7 6 1 8 Welcome back folks. So one of the questions that was posed to me in the tiger's den is uh, Is it possible that the nq was going to go make a run for its july uh first high out here? Was it july 1st? It was july the july high I suppose That's the trading day from july 17th And that's a question that's kind of hard to answer and i'll explain the reason why if you ask me the question about the ES mini My answer would be different than asking it about the nq. Now. Why is that? Well, if you take a look at these different arrows that are on my screen right now the blue arrows show all the buy the dips And the buy the dips that were at the bottom of the weekly profile Only if we get it closed below the bottom of weekly profile Do we really have some kind of change in trend signal? Well, you can see that last friday not at the cash market close at 4 30 But by the time the futures market closed price was able to regain the bottom that profile at 43 77 50 Really 43 77 25 just let's be a little bit conservative there. So that level is held So in the last instances where price now the red arrows show when price actually close them below The bottom of a weekly profile that begins a change in trend that doesn't mean there aren't rallies You've got to move up and down you've take a look at the steve two step or three step or four step That we typically see a consecutive moves higher and closes out there But here you can see once you crack that level that creates the problem Well, the es mini did not if I was asked that question Well, the es mini get back to its size I'd say it really has that possibility and I would say that possibility really improves if price can close above 43 I'm sorry 44 35 on friday. It's only wednesday. So we got a long time to go Before we get there the reason is because that is a bullish structured profile It typically when you close above a the center of a bullish structured profile price will gravitate up towards a resistance level Where the sellers are at so with regard to the nq It did close below the bottom of its profile now weekly profile If it closes back above it this week, which maybe it's going to that's at 14 8 65 Then it could signal to you and I that that move on friday of last week was a false breakdown If we take a look at the dowl You can see that price has held a rising trend line or a couple different rising trend lines In the case of the russell price did hold the bottom of its weekly profile. That was at 18 44 So john your question becomes very difficult for me to honest answer To answer honestly I because I I can't It doesn't have that possibility. Well, we've got to take things one step at a time So we're going to take things one step at a time That first step is going to be that 15 minute time frame chart to try clues for us and nancy Was asking about microsoft and apple. She likes to trade those on an intraday basis And eventually I will get to those charts or nancy There's several that are in front of you But as long as i'm on the 15 minute time frame chart and you trade those intraday Because their impact inside the nq Please get access if you don't already have it to the intraday charts for the nq Especially if you like to trade those two instruments, which I know you do Because we've got almost 23 plus hours worth of data in patterns that are then going to assist you with regard I cannot put up a 10 minute chart for apple or microsoft and get this or 15 minute charts Because we've got the 15 minute charts up right now and get the same signal So it just doesn't work like that. We'll take a look at those intraday charts Instead you really want to tie it to what's going on inside these charts and only Topping pattern that you and I we were able to find out here came from that 15 minute time frame And those are the td9 counts and we can see that in the es in the nq They're going to complete that pattern in about eight minutes In the case of the dow it's going to complete that pattern 11 45 and the russell will complete 11 45 as well What should take place is we should see these instruments move back and pull back to their oscillator and change lines So if you're looking at intraday patterns out there and and I would of course say, you know Maybe you're better off trading in the nq Or one of the derivatives and the etfs and taking short-term trades is basing it off of these intraday time periods out here But here all four of the equity future contracts are pretty much synergistic with regard to their td9 count signals Now just because we have a td9 count does not guarantee that price is going to move lower But the cool thing about this pattern is we know that if price closes about the high of the pattern That's going to be on the es in the nq. Whatever the 15 minute high is as we speak right now So it's during this segment between 11 15 and 11 30 If price closes above that that tells you about a strong move higher a strong momentum move higher out there So it's kind of a cool thing because it's where you have the least amount of risk And you've got to wait for about 15 minutes to find out if you are right or wrong So that's my best overview with regard to the equity markets We're still we we were expecting anticipated about because that oversold condition that you and I have looked at for the past couple of days So let's go ahead and get to some of those requests out there Uh, the first one coming in from uh from tom g and tom wanted to take a look at a couple of symbols Dht is one of them. He's in this from a dividend standpoint Well tom yesterday What dht did on a daily basis was a confirmed erosement indicator top So this is suggesting that price wants to move lower now what it's doing as we speak right now It's back inside its profiles at top of that profiles 961 if price closes inside it It opens up the door for 9 34 906 and 8 80 So just suggesting that you are going to feel a little bit of heat out there What's the only way that that won't happen if price holds 9 40 and 9 40 is its green oscillator and change line for the weekly time frame So I would say 9 40 is a level to be watching like a hawk On a monthly basis price is back inside its monthly profile So it's not giving us a real clear signal there. So the weekly is bullish the daily has shifted to bearish It did that yesterday So it's now going to try to start creating its impact on that weekly time frame chart And if price closed below 9 40, you're most likely looking at 8 91 when we take a look at that weekly chart So do I like the charts for dht? I don't like them as of yesterday with that rosement dominicator top out there So hope that review of dht assist you. Let's go take a look at your next request Your next request was to take a look at ne wt And as we look at ne wt, what do we have here? Well, this has a rosement dominicator top right now We don't have any kind of bottoming pattern What we do have is a new profile that formed three days ago that new profile has supported 17 45 17 45 And resistance at 18 16 out there if price closed below 17 45 when it does tom It opens up the door for a move to its breakout level of 16 25 on a weekly time frame This has a td9 count top that td9 count top formed on july 20 the week of july 20 ended july 28th That is still in place out here price may be pulling back to test its area of support between 15 89 and 16 27 If you were not in this and you were asked me where's a place to buy I would say between 15 89 and 16 27 I would say also if we close below 17 45 that is likely the outcome out here That is ticker symbol ne wt and dht those were all tom has another one I take that back that was a take look at the smh's out here As we take a look at the smh's they happen to retain their td9 count bottom But if you and I go look at the semiconductor index It doesn't look like this at all because it negated that bottom Here's what we've got in the smh's we can see it's got a fairly wide profile It is bearish in structure the bearish cell zone is between 150 308 and 154 24 Where did yesterday's rally end right at that cell zone at 150 308? So in order for the semis to get really bullish out here price must close above 154 24 If it does that on a daily time frame price should run up to 158 79 John or z inside the tiger's den i'd say to help answer your question with regard to the nq Watch the smh's they close above 154 24 We start inching towards that ability to get back to that july i think it was the 17th high or so out there That's what we've got for the smh's we get back to this break. We're going to avgo pfe baba apple microsoft Steve roach with tfnn Attention traders and investors are you ready to elevate your game in the stock market? On august 23 join basil Chapman the mastermind behind the renowned Chapman wave methodology and a subscriber exclusive 90-minute webinar From 4 to 5 30 p.m. Eastern dive deep into the secrets of the 9 14 moving average Decode market turns and you get a head start on the stock outlook for september and october The golden opportunity is free for all opening call subscribers And if you're not on board yet as a subscriber here's the deal New subscribers get a 30 day money back guarantee Zero risks all rewards. So what are you waiting for? Visit the front page of tfnn.com now and secure your spot tfnn 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'brien 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'brien's gold report newsletter now at tfnn.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 tfnn You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn'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 tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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 Welcome back folks So we've got our line of demarcation for the es mini in the nq for their 15 minute time frame It's 44 41 50 for the es mini it's 15 198 25 for the nq You close above that on a 15 minute basis Tells you about a strong upward momentum move if we close below The prior bar is low that's going to signal to us that price is going to go make that move for that oscillator and change line A level out there. So watch the nqs for their 15 minute time frame Let's get back to some of those requests that came in this next one from david h wants to take a look at avgo abgo is the ticker symbol broad come out there And his question is we'll retest its highs out here So here's what we know about broad come number one this formed a td9 count bottom pattern It formed that pattern back on august 11th last friday price was testing that area. Uh, well, it was a friday august 18th Yeah, it was friday and uh that level held So you've got a valid daily bottom out here prices made its way backers trying to make its way back into its Profiles so first you need to see a close day above 867 81 if you get that Then your next battle david is going to be at 80 880 259 And then a battle above that 897 37 if you can clear those battles You have a little bit of breather, but that little breather bit of breather is going to end at 931 That's its td9 count breakdown level. That's the daily chart the weekly chart Shows that price is consolidating with inside its profiles. You actually close below it for two consecutive sessions out here This would suggest that maybe we're just seeing a counter trend move and price would typically find resistance where it's trading near Which is 8 79 76. That's its daily arts weekly oscillator and change line on a monthly basis You've got a td9 count top which suggests it over time price should make a move back to 757 55 But I would do david as I would watch that 8 67 81 like a hawk If price closes back below that area could be telling us that wants to make another move back to those lows If it takes those out we'd be looking at an a to b equal cd to the downside So will it make it back to its highs? This is going to have to prove itself to you and that first bit of proof is staying back inside that week on that daily profile level So I hope that helps you out with that request. Let's go take a good fizer This is for alton and alton is got some long positions inside of fizer right now trading out at about 36 72 Alton price is trading above the top of its daily profile And as long as price can remain above 36 54 when I say remain above I mean close above 36 54 This should continue to move higher The weekly time frame chart has a confirmed roads meant to mitigate her bottom With price finding resistance where the or some sellers reside at the center of its profile And that level right there is priced at currently 36 86 if price can move above close above 36 86 Its next battle will be 37 86 and monthly chart Price has made its way back to its breakout level that can be a bottom and that would be at the 35 76 level So watch the daily watch 36 54 a price close below that price should then go test the 36 01 ish area The price remains above 36 54 But most importantly on a weekly basis if it can close above 36 86 you're likely to get that move to the 37 86 Maybe even 39 87 area. That's what we see when we take a look at those charts for fizer Alton also wanted to take a look at olibaba b.a.b.a is the ticker symbol olibaba Has a what does it have? I really don't have a bottoming pattern But we do have price attempting to get back inside its profile It'll accomplish that task today with a close above 89 65 If it does do that alton, we would expect her to stay price will make its way up to its green Oster and change line currently printed at 92 41 If we take a look at the weekly time frame chart Price is also trying to maintain and stay within side its weekly profile In order to do that it needs to continue to close above 88 67 And on a weekly to a monthly chart you just have a good old fashion consolidation within profiles between 82 14 I'm sorry 82 12 and 99 54 So olibaba the key to watch here is going one key is going to be 89 65 another one shows up on my 30 minute chart that I noticed and that's going to be 91 19 So you got a nice road to indicator bottom on a 30 minute basis 91 19 is his td9 count breakdown level If price can overcome that you should see a further rally inside of olibaba if it stops right there Well, this has been nothing more than a counter trend move, but I would still watch 89 65 If price closes above that today, you still have a chance for that 92 41 area So hope that that helps you out greg m wrote in and he wanted to take a look at xbi So let's go take a look at xbi and what he was interested here were support and resistance levels The resistance zone on the daily base for xbi is between its barest structured profile area between 79 45 and 80 46 Support would be down at 76 42 That is the bottom of its daily profile If we look at the weekly time frame chart the weekly time frame chart shows resistance not too much further ahead at 79 73 79 73 happens to be the top of its weekly profile If price can close above that on friday Then what we've been looking at greg is a move up to 81 54 and then that 79 61 area was a 7 that 61 79 73 79 73 by said 61 I was looking at something 79 73 if pricing close above 79 73 then old resistance could become new support So that would be an area 81 54 That's its weekly oscillator and change line that is definitely resistance at this stage of the game So there's your support. There's your resistance. If I take look at a short term time frame chart for xbi Put that up here. What do we have? We have price trading right into breakdown resistance at 79 72 That's a level you'd like to see price close above on a 30 minute time frame So greg I hope that that helped you out as well. Thanks much for taking the time to write in Let's get to nancy's questions. She wanted to take a look at apple So for that because she's traded on an intraday base, we're going to take a look at this set of multi time frame charts This provides us with 15 30 minute charts So on a 15 minute chart just an example where we've got those td9 count tops inside of the es in the nq We don't have that inside of apple out here So that's why I say best with regard to trying to trade intraday make sure you've got those intraday nq es charts Signals as well. What we do have out here in apple is on a 30 minute basis. That means at 12 noon This should complete a td. It will confirm a td9 count top the pattern will complete at 11 30 This would suggest that price would pull back boy I would be paying attention to what's going on inside the nq for its 30 minute time frame More so than I would with regard to apple, but I'd use both signals out there So that's what I see with regard to intraday signals for apple out here Let's go ahead and put the microsoft charts up now This is going to take because I've got really 8 9 10 11 different charts that are being updated here When I go to this set of screens with all these multi time frames That's why I've stopped using them all together. It just was slowing the show down too much But here we're still going to wait for him We've got about 30 seconds before we go to the break out here. Hopefully it's done by then Microsoft also on that 15 minute time frame has not formed a td9 count top as we speak But we know that the nq has now unlike apple microsoft does not have a 30 minute td9 count top In fact, as I take a look at topping patterns out here All I see are resistance levels that price needs to take on and that first one is going to be 328 75 If price can close above 328 75 that suggests run to 330 26 And if price can close above 330 26 that would suggest to move up to 330 514 So we don't have any kind of bearish signals inside of microsoft for its intraday time period We just have the next battlegrounds, which we just identified for you. So hope that that helps you out as well No more requests that I see So folks in the tiger's den if you've got something you'd like me to look at Please post that in there. You can always send me an email steve at tfnn.com but send that very great 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 in stock prices Get the opening call newsletter by basal 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 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 seven 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 seven 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 ETFs 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 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 nysc american and tsx under the symbol vgz And folks so we've got the charts up here for light sweet crude and where light sweet crude is really struggling Here john is john c is in the bear structured monthly profile zone That's between 84 77 and 88 31 That's the level 88 31 that price must close above to suggest that light sweet crude is getting ready to Continue its move to the upside if I look at the weekly time frame chart You've got a new profile that has formed resistance to 84 16 and support is at 75 79 If we take a look at the daily time frame chart now Here's what you've got to watch if price closes below the candle sets from august 17th that low is 78 60 If price closes below that low this will establish an a to b equal cd to the downside And john I would suggest then that price would go target 74 38. We do not have that patterned 11 43 I don't know what it will look like at day's end or even tomorrow But right now price is still below the bottom of that daily profile Now it may get back above it As uh, the as the market comes to a close in order to do that you need to see it close above 79 16 now On an intraday basis. I got bottom patterns all over the place Whether it's a 30 to 60 that 120 to 240 and the 300 although this bar has not completed just yet So that could be premature, but I do have bottoming signals So what are the next areas of resistance on a move higher? Well on the 120 to 240 and the five hour charts is clearly there also are in change lines So let's go with 79 38 if price can close above 79 38 Then we've got a chance to move even higher now that next higher level would be 79 84 And that is the td9 count breakdown level on a 30 minute basis if price can overcome that then 81 24 and 81 72 So that would be the progression of where those battles would unfold for you, uh, john Right now I'd say watch this uh 79 38 And then to the downside watch that candle says from august 17th 78 60 you get a close below that then we've got an a to b equal cd to the downside So I hope that helps y'all with regard to lights we crude Thanks much for taking the time to write in our or make that request inside the tiger's den We've also got a request inside the tiger's den from the dog And the dog wants to take a look at tesla says that's the only stock we haven't covered today So let's go take a look at it and tesla right now Do we have what do we have we've got a buy the d-point pattern we have that we talked about that yesterday it formed this first it has a a A island bottom pattern out here We gap to the downside in between august 17th and august 18th and then we gap to the upside on august 21st that established that Uh, that established that island bottom reversal. It also formed a three river morning star So we've got that confirmed by the d-point pattern What price did yesterday was ran right in the resistance at that oscillator and change line So that's your resistance zone and what I would be watching here dog is see how price handles 236 42 Ish because price is going to move up and down if price can overcome that red oscillator and change line Then we should see a move to 243 91 ordinarily I would say we would be seeing that because Price is above the center of that bullet structured profile But what we also know and I don't want to be ignorant of yesterday's price action Price tested and rejected that red oscillator and change line So that's the level that tesla needs to overcome The weekly chart which has a td9 count top shows a close below the bottom of its profile Now we need two consecutive closes to confirm that change in trend signal That would require a close on friday below 231 93 on a monthly time frame price is bullish for tesla What price did so far this month it's pulled back and it's tested and it has rejected the top of its profile The top of the profile which was old Resistance may become new support. So in order for tesla to really prove itself. The first thing it's got to do dog It's got to move above 236 39 ish And then if it can do that 243 91 becomes the fight and if it can move above that then we're off to 266 47 So one step at a time we take lead gold. We take a good oil We take a look at tesla. We take a look at any instrument speaking of that one Step at a time. Let's go take a peek in on those 15 minute charts. Let's go see how they are acting or reacting So pull those up here. We should have completed td9 count tops across the board and we do So we take a look at 15. Well, hold on. Hold on. See, I'm in the wrong spot here. Let's get the current data So now we've got a new profile that just formed that formed at 11 45 Inside of the nq. So we've got some new resistance and support levels resistance being the high That's up at the 15 197 area. It's not the high high and we've got the center 15 163 and then below that 15 0 74 Oh all the way back down here. So what's really key here There's going to be two different areas the first area is going to be the center at 15 163 Now, you know, I would typically say Hey your price closed below that because the bear structure profile is going to make a run for 15 0 74 the bottom of that profile True, however Price is trading above a green oscillator and change line and as long as price remains above that We have more of a neutral ish than a bearish signal closed below it It tells us momentum has been lost for the 15 minute time frame and price should then get to 15 0 74 We have new profiles for the es mini their bullish and structure the top of the profile 44 41 50 the center and bottom 44 24 and then 44 18 But it's also done change line Which is green becomes its next price target to the move to the downside should it continue to move downside? That said 44 30 out there if price can get below that then we're looking at that 44 18 44 24 level In the dowel the level we're watching right now is 34 451 no new profiles there nothing inside the russell 2000 Its level of support would be down at about the 18 67 area So again, you close above the high in the end cube 15 198 25 on a 15 minute basis The 15 minute td 9 count top will get negated and suggest higher price 44 41 50 for the es mini price close above that we're headed higher now inside the dow We can give you that number. It's going to be 34 507 I can give you that number inside the russell as well. That number is going to be 18 75 80 So for the most part at least for my 15 minute time frame You've got the numbers to pay attention to with regard to the play by play What its intentions are right now that's intentions are to pull back to support But if it takes out resistance, we're headed higher So hope that helps everybody out with regard to the play by play at 11 49 in the morning What else we want to take a look at? Well, I think we should go take a look at the components or the primary components That make up the us dollar index because what we've seen so far is rejection of the td 9 count top So to do that that's on the us dollar Well, if we take a look at the euro it is going to complete where the dollar completed a td 9 count top yesterday The euro is completing that pattern today Now i'm going to assume at this stage here the low of the day is in for the euro That low is down at 1.0802 write that down in your pad of paper Why a price closes below that the euro is headed lower the euro will head down to the 1.0696 level and the us dollar index Is likely headed higher if we take a look at the us dollar japanese yen Although i don't have a bearish reversal candle It clearly has now lost its momentum and that will will maintain that as long as price closes below 145 55 today If that's the case that suggests a further move lower Which would weaken the dollar the yen gets stronger in this chart here as it moves lower versus the us dollar index The great british pound looked like it was going to bust right through that by the d-point pattern That by the d-point pattern formed right back here as price was tested at 1.2621 level But that support which continues to hold but also resistance holds out here And that's that red oscillator change line printed at 1.274 The euro may have bottomed. It's got a td9 count bottom And if this is going to move higher well, the first target would be 1.0969 And if price can close above that it'd be 1.1065 seabroach with tf and n. We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals And technicals sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tf and n dot com tf and n 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 tf and n dot 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 in stock prices Get the opening call newsletter by basal 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 tf and n dot 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 seven newsletter at tf and n dot 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 seven newsletter today tf and n dot com educating investors Tf and n has launched the tiger's den hosted at discord tf and n has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tf and n dot com Welcome back folks. So uh the next question is from joe by email joe wants to know where the next level of resistance is for the junior nugget It's actually trading above it right now. So let me just change screens here. So i've got the uh more accurate, uh Feed for you and i can provide that information. So what you see here Right now in the junior nugget as price is trading above its barest structured Daily profile resistance zone their resistance zone is between 30 39 and 31 27 So joe your price can close above 31 27 today the next resistance level that was on my other charge would be its td9 count breakdown level and that's at 33 24 At 32 31 on a weekly basis. You've also got resistance. That's its oscillator and change line So with regard to the junior nugget out there your resistance area is still 31 27 less price closes above that today If you get two consecutive closes above 31 27 Then a counter trend moved to the downside if that's all a downside move was would find supported 30 39 Out there. I don't see any other information that can help you here But I would also be paying attention to the gdx Because here I believe the junior nugget is more than a one-to-one etf out there And you want to take a look at those one-to-one similar to the gdx and right now the gdx is trading above 32 40 third. I'm sorry 28 44 28 44 is the top of its Daily profile and so a close above that is going to suggest a further move higher move higher to where excellent question I would say td9 count breakdown level Well, the td9 count breakdown level for the gdx is all the way up at 31 75 That would be a heck of a move but before the gdx we can say that's where it's headed We have to look at that weekly chart in the monthly chart to understand where sellers are lined up Well, this looks like we are potentially two weeks below the bottom of that weekly profile So we're still below it no matter what so 29 12 is going to be another area that price would have to overcome To suggest that we have a further rally if we close the week below 29 12 Then a counter trend move inside the gdx to the upside would find resistance at 30 21 And so you'd have to kind of incorporate that into your decision making an error joe So I hope that that helped you I don't hope that I helped out everybody today You certainly helped me out with all those requests. So I'll expect the same tomorrow Hopefully so have a wonderful wednesday folks be safe out there and I'll look forward to seeing you on terrific thursday. Take care