 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 October 18th the terrific Tuesday edition of today's Traders Ed Show I'm your host D.B. Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there's having a great day Hey, let's make sure we have an extraordinary one of the easiest way to do that It's to always remember that life is happening for us not to us That's right When you and I made that one little two by four shift Well, it means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at Just past 11 o'clock in the morning and 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'm here to serve you So feel free to pick up that phone. You can dial on in at 877-927-6648 And if you can't dial in we've got you covered there too You can always let those fingers do the walking I mean send me an email send it early and send it to Steve at tfnn.com and inside the subject heading Please put radio show question. Of course, if you're inside our tiger's den Well any and every ping will do so let's go ahead and get this show started on terrific Tuesday, 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 are trading the upside the one that is Wavering here is the some eyes are only up four points. So basically flat That was up 343 or 1% the s and p 38 1% nasdaq about three quarters percent or 87 points Rustle up one and a half golds off seven bucks silvers down six pennies likes recruit is up to 87 natural gas down 10 cents and a 30 treasure is basically flat at 120 309 Leading the charge to the upside dollar wise its service now Up, but well, it's actually goldman sacks up 11 bucks or three and a half percent followed by service now Up nearly 10 bucks or three percent lamb research up about five cost go is up about 10 bill dot com Holdings up about five percent Man my screens are screwed up off to change that during the break out there As you say leading the charge to the downside a lot of kind of suspect about this would be silver gate capital of 14 bucks or 20 percent So i'll come back to those but let's go take a look at hey What's going on inside the market as we speak right now? Stevie so let's go switch over take a look at the start take a look at the es meaning and we'll do a thorough review of this We'll start by taking a look at the daily and then it's other interday time periods out here So let's start from bottom right and move over so we'll go from the shorter term time frame Because then we can say okay here's what's going on and what's that going to lead to so there was a td9 count pattern That had formed that completed at 10 50 this morning now that low the key threshold level of that low is 37 32 We're trading below it right now We've got one minute less than one minute left in this session So a close vote 37 32 says we had lower now on a 10 minute chart that next lower level be 37 12 75 out there However, we do see that's a td9 count breakout area But we do see some potential support at around 37 and a uh What's that about 37? Well, I tell you exactly what it is 37 23 Here if we take a look at the 15 minute time frame chart now both of these the 10 minutes 15 minute Quite frankly the 30 minute quite frankly the 60 minute they each have roads with the indicator tops That's when uh price stretches itself with less relative strength out there and that's confirmed with uh With a bearish reversal candle that's exactly on a 15 minute chart we have so it's targeting There's no bottom signal just yet, but it is targeting its breakout level of 37 26 25 That is the next key area of support for the es mini if price closes below that It says we had lower We looked at the 30 minute chart right now price is trading below the bottom of its daily profile So there's no other support out here from a profile standpoint The next level of support would be its breakout area 36 48 75 i am not saying that's where prices edit do You got too many other Areas to be watching first before that uh comes to fruition However, if price does get below the low of its pattern, which was about six o'clock this morning on a retracement Again, that is at the 37 23 area if price does get below that that certainly suggests lower price 60 minute time frame 60 minute time frame has erosement to indicator top price right now is dealing with support at 37 28 A close below 37 28 is going to suggest lower price now 36 10 will be the next area that i would point to But i'm not saying that's where price is headed inside the es mini that is its td9 count breakout area To the 120 minute time frame chart it has formed a td9 count top Price right now is trading below its oscillator and change line That is suggesting that for that time frame and if there's just a counter trend move This is where I really think the best information comes in would be down at the 37 0 8 area 37 0 8 is the center of a new profile that formed below price That's typically a bullish message It would most certainly be a bullish message if price holds the 37 0 8 to 37 16 area If it doesn't then it suggests to move back to 36 88 So we know we've got a violated a negated td9 count on the 10 minute chart We know the price is tight on the 50 minute chart is testing a key level of sport 37 26 25 So we take this one step at a time again at price close below 37 26 that says that we had lower most likely That lower area would be that 37 0 8 to 37 16 level I can't guarantee that price stops there, but that would be the price area to be watching on a 240 minute time frame chart Now this bar will not close till 2 p.m So it's too early to call a td9 count pattern out here because by 2 p.m. If price is trading below 37 13 75 the pattern will go away now in each case out here And I just left it for the five-hour time frame chart There is an a to b equal cd pattern that is in place out here And that would take price or should have taken price or should take price to the 38 11 50 ish type area out there We're looking at the five-hour time frame chart That still may come to fruition Still may come to fruition out here. No key levels of of support have really been broken. Yeah, if we look at a 10 minute 15 minute chart Yes, certainly those key levels have failed that takes us over to these other time frames So right now we're getting that push lower pretty decent push lower out there So I don't know what's driving that really the patterns that we're already out here on the interday charts With regard to the roseman dominicator signals a td9 count top that we took a look at in the Two-hour time frame. So we're going to see if this 37 08 40 area A 37 08 50 really is a key level of support and if it's not in price gets below that again We're looking at 36 88 out there. So that's a pretty decent review I think it's a decent review of the es mini now Let's do this here a real decent review would say well, what's going on in the internals out there So let's take a look at those internals Let's dive under the covers and to do that we take a look at our taz market breadth meters here This is for the nq. Let's switch over and take a look at the s and p Let's look at the es mini and we can see we've got a bearish crossover waiting for the data to calculate in the upper left There we go. So on a 30 minute basis out here We only have 124 of the s and p 508 or how many of our instruments that is that are in it now Trading above the top of their profile, which would be a bullish signal bullish message and trading below the profile would be a Bearish message now. This is generally speaking But right now you got 276 instruments trading below So that that suggests on the 30 minute basis you'd go back to the next level of support Well, remember we talked about how we're already below support here meaning profile support Open store for 36 48. We're not there just yet But what we really want to take a look at is what's going on on the larger time frames And here we take a look at the es mini Let's see if we can get that up on our screen here before we go to break What we've got here is bullish crossovers to the 60 240 and daily. This is just a countertrend move lower. We'll be right back Booming inflation. We are purchasing powers eroded. 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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 and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve road started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve 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 free at 1 877 927 6 6 4 8 Internationally at 727 873 7 6 1 8 Back up folks. So before we went to that breakout there I said hey, this looks like this is just a counter trend to move to the downside out there now that That conclusion is based upon the market breath for the 60 minute time frame out here That's what we're looking at right now and if you look over at the left hand side in the center It tells you how many instruments as we speak at 11 18 in the morning are trading above the top of the profile again That is a generally speaking that is a bullish message. Well, that's 323 instruments below the bottom of its profile are 34 And generally speaking that would be a bearish message. So you can see overwhelmingly There's positive market breath that suggests that this move lowers nothing more than just a counter trend move Now that's in the hourly chart if we look at the next time frame to the upside that would be four hours on a four-hour basis 284 above 50 instruments below again very bullish there And now let's take a look at the daily chart out here. The daily time frame has got 180 night above 40 below this is just a counter trend move to the downside Inside the es many if it's not that would really be because of the weekly time frame chart, which has a lot of damage Let's go check on that damage. There's 61 instruments trading above profile and 200 and 152 Below the bottom. So that's where the weakness is inside the market But those other time frames suggest that the move lower And let's just take a look at this also for the end Q and then we'll go switch back to the charts out there for the ES many if we take a look at the market breath for the same thing same thing you've got on a I won't worry about expanding it out. You've got 88 instruments Of the 100 or 106. So how many ever are in the nasdaq 100 these days? 88 trade by the top of profile only four below Only four below. This is absolutely the at least from a market breath standpoint This is absolutely just a counter trend move to the downside on the four hour time frame for the end Q 76 above five below very bullish from a market breath standpoint daily time frame 46 above Five below Yeah, 50 are trading with inside profile out there again still a bullish message out here With regard to the taz market profiles and its market breath out there So now back to the es many and so now on the es many we're trying to figure out Well, where is support? Well right now the td9 count down the two hour time frame is the area to be watching observing And that's between this uh, 3708 again 3708 and 3716 Now ideally what we would see out here is we'd see some type of bottoming pattern. Well, it's not coming from the Of 10 minute time frame chart out here, but you are in bar number eight on a 15 minute time frame So that says that we should be watching this between 11 30 and 12 o'clock So before we get out the air and what we'd like to see there You know first it's got to form that td9 count bottom seems likely like a likely outcome at this moment So we want to watch that and then we would be watching the 10 minute chart or even a five minute chart I suppose to look to see if there's any kind of bottom signals there or any kind of rally that is going on so We don't have we know the price area to look right now We can see price pulling back into that bullish structure the center of that bullish structure Two-hour time frame. I'll just simply expand out this chart here In fact, what we'll do is we'll go look at all the 120 minute time frames I don't know if each of them are showing the same td9 count pattern. Well, there's one way to find out So let's go find out stevie get to it already. Would you all right? So now that I beat myself up Let's go take a look at the 120 minute time frame charts out there Yeah, that was me beating myself up. Boy, don't I just beat myself up poorly So here on the four two-hour time frame charts We'll just find out momentarily whether or not we've got td9 counts amongst all so you can see it in the dow You got it in the russell. We know we have it in the es and you've got it inside the nq Now this makes it a little bit easier. So especially the es in the nq where we have that market breadth information So in the case the nq it's a level of support should be between 1110 350 That's the td9 count breakout area and 11 115 that happens to be the bottom of its uh, make sure that's the bottom Yeah, the bottom of its uh, yeah, that's both the bottom and the center of its two-hour time frame profile So this is coming into a strong support level here or should be a strong support level and again That's in that 11103 ish area. Do you see the yes mini variety talked about that ad nauseam You've got a similar type of a pattern for the dow What I mean by that is there was a bowler structured profile a very structured profile that informed below price That is a bullish message now that says the counter trend move should stop anywhere between 30 363 and 34 21 33 63 and 34 21 in the case of the russell 2000 Its td9 count top should find support at the top of its current profile. That's at 1751 So we'll certainly come back to these Uh everything pointing to a counter trend move to the downside And now it's really going to be about watching some of those interday charts to see if we get Especially some for trading in towards those support areas whether we get any kind of turns on an interday level So let's do this here. Let's switch gears Because it sounds to me like we're going to focus a bit of our time here Just to help everybody inside the tigers and of course i'll field all questions And let's go to our first question that came in this from denis inside the tigers then Dennis wants to take a look at two different instruments and he's just looking for a Outlook what's the outlook for oxidant patrolling o x y is the ticker symbol there? So let's let this get populated on our screen out here O x y and then we'll help denis figure out what this is communicating to you and i so when we look at the At oxidant patrolling right now today's pullback retracement is testing its green oscillator on changeline That's a green red squiggly line the current oscillator and changeline for the daily time frame is 66 10 today's low 66 14 as long as price remains above 66 10 This could be the Could be the next level where oxidant patrolling tries to take off from here What we also know denis is that price is consolidating. It's quite a large range out there It's between the bottom of its profile at 61 57 and top 70 88 now those are the daily profiles that we looked at out here If price were to close below that oxidant changeline not tick below it or trade below it But close below it then that could take us back to our recent lows or back to the 61 57 level The weekly time frame chart shows a clear consolidation with inside its profiles as well That range being between 53 78 and 71 79 on a monthly time frame You do have a td9 count top that only gets negated with a close above Uh, oops a close above 74 oh four Price also consolidating with inside its profile out here Um, so what else? Oxidant patrolling so we know that uh lightsby crew was getting yet so too oxidant patrolling out there So we probably denis have to in order to get a decent feel For oxidant what it may do because of its correlation to the direction of lightsby crew It is getting good feel what's going on there and interday now I've got a 30 minute time frame chart out here for oxidant patrolling You'll see that this will form bar number nine to 11 30 that's less than five minutes from now Of course that pattern could or should complete on the bar following bar number nine So that would be at 12 12 p.m You could get oxidant patrolling on a 30 minute basis to form a bottom So watch that then it's because if price continues to move lower In other words the td9 count doesn't bottom at all out there That tells you about a strong moment to move an oxidant patrolling to the downside And then they'll go back to the daily time frame and how that would translate as that would say further retracement Potentially with that 62 area even 61 57 being the price target So I hope that helped you out and if we get a chance we'll certainly take a look at lightsby crew Just to see what's going on there, but let's switch over to your next instrument, which is bsm So let's get that to populate the screen bsm is What is that blackstone minerals blackstone blackstone minerals trading out at 16 95 If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metals sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xiu Gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade sign up today Then Ann is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any traders methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys abc's butterflies and much more the art of timing the trade charts is designed to help You when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days Weeks or even months searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 and 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 Educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back up folks jumping around just a little bit here We'll go back to bsm blackstone minerals momentarily, but I do have those charts for lights We crude up on our screen out here, and we were noticing a 30 minute Um td9 count pattern. I believe it was td9 count. We were looking at an oxymetroleum So looking at the 30 minute time frame chart here for lights we crude So that was a bottom signal potential bottom signal for me here in the case lights We crude you've got it confirmed by the d-point pattern Here's a 30 minute chart. You see the blue line is a to b you might ask Why did I draw the line? We know that where the top is at the high that's pretty easy But why did I select this point out here, which is 8 30 in the morning from October 17th? Why did I select that versus let's say this swing point right here at 1 30 in the afternoon on October 14th? Why did I select this and the answer is The reason I did especially now with having this data is because there was a higher high that formed out here This higher high at 10 o'clock in the morning on October 17th It would be wrong to choose this point out here. This is where it's got labeled c or d Okay, there's a chap and wave counts out there and then choose that high Knowing that there was a lower low that occurred after that point that you might have considered using So that's the reason why so now early on in the as let's just say here This was the information that you had you were drawing a to b equal cd patterns out here Here then you would have selected that label where it's got d the 130 in the afternoon on October 14th And but you change, you know the a to b equal cd pattern can change as we get more information So don't be worried about changing. Don't be get don't get married to an a to b equal cd pattern you draw in You've drawn in especially as new information gets revealed to you now Here's the cool thing Dennis a price likes we crude that is closing below the low of this hammer candle Below that hammer candle is 8133 We have an expressioner. I like an expression I like to use that if you're if you close below the bottom of a hammer candle if you're long You're wrong out there and what that means to you With regard to oxygen petroleum is that should continue to head lower because you will not have had a bottom For lights we crude such as I put those two together. I do hope that that helps you out If not, whether my apology for blabbering but blabbering it is now back to a bsm out there That is black stone minerals and what we're looking for here is just an outlook Well, the outlook on a daily time frame Dennis was a td9 count top that formed on october the 10th What that's basically led to is a sideways move Price is below its greenhouse that are in changeline and below the center of its bearish structure daily profile That could lead to a move down to 1576 or even 1549 But right now price has found support for whatever the reason is I don't know if it's an intraday signal or what have you but I did find support at the lows from october 11th And so 1651 is going to be a key area for you to watch and observe on a weekly time frame chart We have a rose momentum indicator Pattern that is still in play. That's the one that formed back in the june So price got back up and tested and rejected that area Price is above on a weekly basis. So Dennis above its green greenhouse that are in changeline and top of its profile its signal is neutral Signal on the daily not so neutral suggest lower price and on a monthly time frame chart out here Why didn't that populate? That's a good question. There we go. So now as we take a look at it price is taking on There's an a to b equal cd to the upside that goes like this So let's go take we'll just draw on the a to b and they'll move that over to the to the c point out there So it's approximately like that move this over here. Yeah So that is not completed and that should complete at about its TD 9 count breakdown level on a monthly basis That's at 1877. So price above the top of its daily profile a weak monthly profile That is uh, that is at the price point of 1659. So you're neutral on the weekly you're bullish on the monthly and you're Somewhat bearish on the daily time frame out there a quick peek at the 30 minute chart out here from Blackstone Minerals shows us what it shows a nice TD 9 count bottom Looks like that formed towards the close yesterday that no one that was at 11 o'clock in the morning Yesterday, but all that that has led to Dennis is just a little consolidation with inside its daily profile So it's not exactly the strongest of TD 9 count Results, you know after it did form a bottom we did get that bounce out there So the pattern most certainly worked but not seeing a ton of Positive information here to suggest that this is going to rally. So it does look like lower price out there I do hope that helps you out and thanks so much for your request Let me see if we've got anything else that is in the queue. I don't believe we do But oh, I take that back. We do have two questions out here. The first one coming in from Lee Lee Sorry about that. The first one coming in from Brent Chris Brent will understand why I I said that uh, I will come in from a Brent from Martinez, california says good morning and terrific Tuesday steve Back at you, my friend. Could you please take a look at the shorter term charts for the smh? I'm using soxl sold at the open this morning looking for potential re-entry at the charts and agreement Thanks much. Have a great day. So absolutely we can do that now for the intraday charts here for the smh's I'm gonna do is put up this set of screens. I'm hoping that it doesn't take too too long to a populate While this is populated though talk about inflation. I had to take my range rover in for service last night Which I did it was around four o'clock when I went out there. So it's about an hour the range rover deals about an hour from the house And uh, so I was dropping it off waiting for them to do the paperwork And I was looking around inside the showroom who doesn't look around in the showroom They had a new defender out there a 2023 defender Really, it was a cool looking defender as well out there had a unique paint job What they were asking for is 25 000 over 25 grand over the invoice Just because it was a kind of a limited edition type vehicle. It's not a limited edition. There's just limited quantity So then I went over and took a look at any vogue. So kind of their lower end um a model out there still a great car out there and um And that was like 3500 over sticker And it simply said it was because of a microchip shortage out there Uh, just just crazy when you start taking like that. Okay. So back to this set of charts out here smh's The shit I was I was talking wasn't paying attention to the screen. Sorry about that stevie. Don't do that again So now bret we're getting the smh charts out here And then if you're in the local area on the way back was raining and I didn't really have much in the way of dinner plan so we stopped at uh The okachobi steakhouse the oldest steakhouse in florida Well, at least that's what they say 75 years old out there and I Great wine list and great value. They didn't mark up their wines that much. It was a beautiful thing in any event out there We're taking a look at the smh's now and brent specifically asked about the interday time period So on a 15 minute basis out here, that's the shortest time period that I have brent For this a set of charts out there no bottom signal out here price might be headed all the way back to the gap To close this little gap here that was from october the 17th up at about the 179 48 level The 30 minute chart shows that prices consolidated in between td9 count breakout support That's at 174 70 and td9 count breakdown resistance at the 183 mark that 183 mark That's where you sold at the open that was a td9 count breakdown resistance level You certainly want to watch that if price able to close above that that would certainly be signaling something to you So 174 70 is a likely price target That's coming from the 30 minute time frame for the semis out there on an hourly basis I don't see a whole lot more 173 81 is a potential level of support on a 130 minute time frame out here What we have is a roadsman to indicator signal that needs a bullish reversal candle to confirm So we don't have that you've got a td9 count pattern on the 195 So now we're getting to the bottoms the daily's got a roadsman to indicator bottom The 195 minute chart has a td9 count bottom out there and price right now is just consolidating with inside that profile So this is suggesting Brent to you and I that between where price is trading right now and 173 40 That has the potential to be the support area I would say and I say use that word lightly potential because no bottoming pattern Is present inside the 15 or the 30 minute chart although trading back to 174 70 could be a bottom signal The reason why I say in this case here could be is because price had already broken through that level for a period of about two hours Back on the 16th and 17th out there. So brad we come back from the breakout here I'll see if there's anything else to uh point to probably that daily time frame chart with price being below a red OUL you could get 170 74 out of this move. Steve Rhodes with tfnn will be right back 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 and stock prices get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors The technology around us is changing every day With so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 dollars and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn 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 chu or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 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 nyse american and tsx under the symbol vgz Welcome back up folks. You got the uh a bit of a mixed bag out here now You got the dollop 126 s and p up 10 nasdaq 100 off 17 russell is up uh eight points out there. Let's just check in What the heck happened there? Oh, I see Give me a no. Give me a no. Sorry about that. Let's just check it. I'm just checking in off screen here You still got positive market breath for the 60 minute time frame for the es many 323 above 334 below. I still say this just a countertrend move lower inside the nasdaq 100 which just went uh negative It's off 17 points again still bullish daily 240 60 on the 60 minute time frame 60 to above 16 below. So again still looking like nothing more than just a counter trend move So far We take a look at when we use the market breath gauge out there Let's say go to our next request is for g-man inside the tigers den And a g-man is taking a look at an entry into apple. So as we look at apple, here's what we know Here's what we know on a monthly time frame. Um We don't really have a bottom so to speak, uh, but prices held right now It's trading back above the bottom of its profile out there So that's a slightly bullish thing as long as price remains above 140 48 If we look at a weekly time frame chart, we do not have a bottom signal out here, uh, at all and uh Oh, apple just jumping around or my screen is jumping around quite a bit Uh, so on a daily time frame. So on a weekly time frame, no bottom signal price below that red oslander and changeline Always dangerous out here. The daily time frame does show that apple wants to rally It certainly was signaling that uh earlier today And you've got that nice roadsman to indicator bottom took place four days ago that nice bullish and golfing candle And earlier in the day, we were above the top of its profile That's what you want to watch at today's close and that's uh up at the 143 59 you close above 143 59 It is suggesting a further rally the 195 minute chart I would I would draw in here would be an a to b equal cd at the upside That's assuming that price closes above on 195 minute basis 144 52 Again, you're looking for an entry price to go long. I believe is what you were Um looking at out here and the problem is the issue is so where would be a price point to do that? Right now we look at the under 30 minute time frame chart. This still is looking more bullish than it is bearish out there um The 65 minute time frame chart did find resistance at its td nine count breakdown area. That's at 116 54 so If price could pull back to its oscillator and change line right around 142 30 Or 140 91 that would be an area that you would consider Taking a long position. I know you're using call options for this trade out there. That's a 65 minute chart You've got a td nine count top on the 30 minute time frame chart As long as price stays below that oscillator and change line Price may be targeting at the bottom of that profile 142 57 would be another area to look at 142 57 We had about 142 20 or so on the 65 minute time frame chart So that's the range that I would be looking at And the 15 minute time frame chart is suggesting there would be support between either At 142 57 and the price were to close below that then you'd be looking at 141 19 So on a further pullback should we get it out there? Those would be the areas that you would be watching or observing Likewise on a 30 minute time frame out there if price were to close above its td nine count top So let me make sure you've got that number too That number is 146 70 if price closes above that Then the a to b equals cd would be back in play out there and that a to b equals cd Whoops would look like this That here's i'm just going to draw the a to b line in big straight line move up there And then we're just going to move that over to the c point or what is the c point as we speak right now And what we can see here is that one to one short term because a to b equals cd on the 30 minute chart Coder should take you up to the 148 ish area out there. That's only if price is able to close above that td nine count top So I hope that helps you out that believe that was G man that was looking for looking for that information So do hope that helps you out. We've also got a request here from two requests really from me me And uh me me was asking about you said hey the release in 10 million or so barrels of oil today What's that going to how's that going to impact lights we've crude and answer that we were really taking a look at that When we looked at lights we've crude earlier Uh, so i'll just throw one more figure out to you we're going to change screens here Go to the black background screen So i'm hoping that you wrote down the uh levels that we're looking at remember on a 30 minute basis We had a buy the d point which was formed by a hammer candle I gave you the price at a price close below that suggests lower price is coming at us So if we do get that negated by the d point maybe on a 30 minute time frame you're asking what does it mean Out there. I I don't know if price is moving lower because of that release or not I just look at the charts out here in this case here the charts show lights we crew Which is the bottom left prices trading below the bottom of its daily profile out there So its next level of support would be a 79 67 79 67 is likely where lights we crude would head to if price closed below that bullish 30 minute Hammer candle out there. So hope that helps you out with that one. Uh, you also had a second request Which is take a look at ticker symbol erf. So that's what we have up on our screen right now Erf is what I don't know but let's go find out. I could find out on my other set of screens out here Really see that's enter plus corporation Enter plus corporation right now is trading at about 15 33 And uh, what do we see out here? Well, the first thing that pops out at me me Is that price right now is trading below its green oscillator and change line 1551 A green oscillator and change line tells us that the price oscillator is above zero and the price is above the green line We have a rising price asset above zero. Those are bullish conditions When price falls below a green oscillator and change line, we have a price oscillator above zero But one that is falling So those aren't really uh bearish conditions, but they do suggest that you could see a further retracement Well in the case of erf that further retracement could take you back to the gap That gap that formed out here on september 30th and that high out there would be 1446 or The price would get below that 1416 on a daily time frame is what you would be looking at the weekly time frame chart out here Shows a rogement to mitigator top that took price back to support the bottom of the weekly profile Where then bottom moved higher prices above the top of its profile but below its green oscillator and change line I'm going to go with more of a neutral signal maybe on the weekly time frame chart And on the daily chart out here We have a td9 account top that remains in effect unless price is able to close above 115 115 15 15 not 115 but 15 50 out there. We're trading right now at 15 34 It's a monthly time frame. So it'll be the end of the month that you'd be looking at So the last chart for us to look at Mimi is the 30 minute time frame out there Remember the daily is kind of neutral to Suggested that that wants to see a further retracement Well, it turns out that if price closed below 15 37 that's a td9 account breakout level That's an essence being tested as we speak you've got 11 more minutes left in this session If price closed in your 15 34 price closed below 15 37 that suggests lower price Of course that takes us to this gap out here or maybe it turns into an a to b Equal cd to the downside. So we're not there just yet And a price would need to close below 1506 in order to generate that a to b equal cd pattern out there So overall with regard to erf it does suggest that we should see a further retracement out there And then I'd be just looking for a 30 minute pattern if you're looking to get into This position Mimi so I hope that helps you out both with regard to lights we crude as well as a enter plus corporation ticker symbol there is erf Right now we got the uh dow trading up 195 points the s&p of 21 nasdaq now positive of 26 the rustle up by 12 We'll go finish out the show take a look at those intraday charts for the nq and the es or whatever We can squeeze in there. Remember we're saying that the task market press suggests that the move floor is a counter trend move Steve roge with tfnn we'll be right back Vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained civc capital market assistance in evaluating alternatives And in completing an accretive transaction vista gold trades on the nyse american and tsx under the ticker symbol vgc Vista gold executing a strategy to create shareholder value 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? 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Let's take a look at slumberj. He took a symbol. There's s lb So what you can see out here, uh, joey's if you look at the weekly chart the center chart You'll see they completed one to one a to b equal cd to the upside I say completed, but it was never confirmed. So if we look at the daily time frame was never confirmed with a bearish reversal Candle so this is suggesting to me that what we want what this is likely to do is more than a one to one a To be equal cd to the upside now on a daily time frame prices back below the bot on the top of its daily profile So you want to watch 43 12 as long as price remains below that it may just be pulling back to test support There are a couple of support levels the first one being the green osceter and change line 41 97 below that would be its bullish structured profile And so that would say the support area would be between the range of 40 47 to 41 36 out there Um, so otherwise it looks good the monthly chart price is just consolidating with inside It's monthly profile. You're above the weekly profiles out here So it looks like just a retracement back to a level of sport now what the 30 minute time frame chart shows us is Really not much other than a consolidation sideways out there here 41 78 Should be a key area of support inside of slumberjays 41 78 not that far from that daily green osceter and change line So that should be the support area for slumberjade. Again, let's just go back We started the show take a look at the es mini in the nq We took a look at taz market breadth for multiple time frames. We see it that was overwhelmingly bullish That was the reason why steve said look this move lower is just a counter trend move to the downside So as we come back to these 10 minutes or the charts out here You'll see a 15 minute chart has a td 9 count bottom at a minimum price should at least rally to 11 235 level No bottoming pattern on the 30 minute time frame out chart We have to wait for that not necessarily If we look at the roadsminter indicator top on the 60 minute price pulled back to its breakout level of support of 11 103 50 So i'd be watching 11 103 50 today a price closed below that that suggests lower price But at this stage here that counter trend move lower looks to me to be over You came back on a td 9 count from the two hour time frame chart right back to that level of support that breakout area The 240 minute time frame chart which does not have a topping signal just yet Came back and tested its green ass that are in change at 11 0 95. That's a bullish signal out there So folks, stay taupe. That helps you out with regard to your trading day Stay tuned. We've got great programming lined up and i'll be back with you on wonderful wednesday Please have a terrific tuesday. Take care