 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 18th, the fantastic Friday edition of today's Trader's Zen Show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us, not to us. That's right, when you and I make that one little two by four shift, which means we can find the gift in every set of circumstance that life is going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know, I'm absolutely grateful for your presence here, but even more important than that. And that's this, during this next 53 minutes I am here to serve you. So feel free to pick up that phone, dial on in at 877-927-6648. Now if you've got a question which you can't call in, we've got you covered there too. You can send me an email, send it off to Steve at tfn.com and inside the subject hating, please put radio show question. Now if you're inside our tiger stand, well, then any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is tiger financial news network. I'm Steve Rhodes. Welcome to the show. We got a mixed bag out there. The mix goes like this. The Dow has turned just slightly green, but it's flat. The S&P is off 10 points, about two tenths, a half a percent for the Nasdaq 176. Russell's up six, some eyes are down six. Trenny's are off 29. New York Stock Exchange is slightly green. Gold is up $6. Silver's up seven pennies. Lake's recruit is off 28 cents. Natural gas is back seven cents. And a 30-year Treasury is up 26. Ticks printed out at $1.1915. Leading to charge dollar-wise. The upside, you've got Global SA up 12 percent, 20 bucks. Freedom Holdings up 12 bucks. That was 20 dollars, 12 percent. 12 bucks, 18 percent for Freedom Holdings. Asimil Holdings up $7, a little over 1 percent. Dolby Laboratories is up 10 percent. $7 plus move and Lockheed Martin up $8. That's nearly 2 percent. To the downside, it's Booking Holdings up $57, a little bit less than 2 percent. John Deere down 19, 4.5 percent. Keysight Technologies, 18 or 12 percent, 5 percent for MicroStrategy. That's a 16-point move. Nvidia's off 11 bucks. That's a 2.5 percent move. So we've got some movers and we've got some shakers. Let's begin by taking a look at where we're at from a marketplace standpoint. Let's go to the 30s first. We'll take a look at the S&P and the Nasdaq 100. We've got the Nasdaq 100 up on our screen. 30 out of above, 13 below. 39 means above is trading above the resistance of the TAS market profile, the top of the profile, and below would be trading below support of the bottom of the profile. We'll take a look at the S&P 500. That's going to populate in shows. We've got 205 above, 86 below. So the 30-minute time frame is bullish out here. Let's go take a look at those other four time frames, 60, 240 daily and weekly. If we take a look at the 60-minute time frames right now, this is for the Nasdaq 100. It is bearish. So we've got a choppy market, 18 above, 54 below. The other four are also in bearish modes out here. Let's take a look at the S&P 500. So the S&P 500 for its 60-minute time frame and the other three, 240 daily and weekly, also in bearish mode, 368 below, 48 above. So it's going to be a truck trench higher on any kind of rallies with that kind of market breadth as we speak right now. Nonetheless, let's go take a look at those charts out here. So we had positive market breadth on the 30-minute chart. So let me just do this here. Give me a moment. We'll pull up the 30-minute charts. We'll have multiple 30-minute charts here. But let's go start digging into those and see what kind of parameters we want to take a look at. We're going to change screens here momentarily. We'll be on my white background screen. You'll see the eight different charts. These are each for the 30-minute time frame. Up along the top are the equity futures. The ES, the Q, the Dow, and the Russell 2000 below that gold, silver, and then the Euro, and again, just so we get a feel for what's going on intraday from a currency standpoint. So the ES mini, you've got a nice rogment-dementicator bottom. You've got a TD9 count bottom out here. And you've got price right now taken on its first level of resistance. That's the top of the current profile. The top of that current profile is at $43.7460, so it's $43.7475 is the real resistance level. If we close above that, odds favorite move to $43.8450. $43.8450 is its TD9 count breakdown resistance level. Now, if we pull the curtain back a bit, not back far enough, as that's all I've got right now, if we close above that, that would then suggest that we move higher. Yeah, I don't have it on this chart. Maybe another chart I can pull up all the 30-minute TD9 count breakdown resistance levels. But it closed above $43.7475. It's going to suggest that we run up to $43.8450. In the case of the NQ, the NQ has nothing. It's got nothing on the, nothing on the, let me just make sure that low, $14.631. $50. This closed, $14.631. $75. No, it's got a TD9 count bottom in effect out here. And price right now is trading above the top of its profile, 30-minute profile. That's up at the $14.681 area. So the NQ should target $14.764.25. If price can close above that, well, we likely have a further rally. In the case of the Dow, it is testing that key level of breakdown resistance on a 30-minute basis. That's up at the area of $34.578. It's got a nice roachment to indicator bottom as well. Price closed above that, that suggests higher price. In the case of the Russell 2000, the level that it needs to close above is going to be $18.7010. So the key levels right now, intraday on a 30-minute basis, $18.7010 for the Russell, $34.578 for the Dow. Now I'm referring to the future contract numbers out here. The NQ up at $14.764.25 and $13.8450 for the ESMini. Those are levels that you absolutely want to pay attention to. Here we'll take a look at the other 30-minute timeframe chart. It's just got a little consolidation within profiles for the gold. Same thing for silver. The Euro was pushing lower. It's attempting to rally. The Euro needs to close above $1.0899 to suggest that there is some kind of potential for some type of bottom out there. The Japanese yen, right now it's headed lower. If it continues to head lower, there's a level. It could form a TD9 count top today, but I think it needs to be trading above where it's at as we speak right now. Let's switch over and take a look at those 60-minute timeframe charts. Let's see how easy it is for Stevie to pull those up here because the 60-minute timeframe charts had negative market breadth. Now I only have the ESMini and the NQ out there when we take a look at that, but in both instances. In the case of the NQ, it's got a TD9 count bottom for its 60-minute timeframe. Its level of resistance that it's dealing with right now is at 14.709.75 level. If price can close above that on an hourly base, that would be 12 noon as the next bar of completion. Then 14.776.75 would be where it would be targeting. I have what I see here visually as a three drive to a bottom pattern when I look at the hourly chart for the ESMini, the first drive right here at a TD9 count bottom, about $2,200. The second drive is another TD9 count bottom, about $1,900. Then it's not an exact distance wise, but that's the only pattern I see on the ESMini for its 60-minute timeframe. Price right now is taken on resistance. That resistance level is up at $44.50. No, it can't be. It can be, but that's not it. What was it picking up? $43.77. Thank you. So $43.77. We close above that on a 60-minute basis. The price we'll want to try to make as we have to $44.36. That takes you back to the 30-minute charts out there. On a 60-minute basis, we can talk about the Dow. It's got a TD9 count bottom. The Russell 2000 has a TD9 count and roge mitigator bottom. Market is definitely trying to rally. Steve Rhodes with TFNN. We'll be right back. 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For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it 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. Welcome back folks to 1,043 S&P SOFT 3, NASDAQ 158, Russell's Updive. We're taking a good chart here for ENVXs for Jimmy inside the Tiger's Den. The question here is, is there any kind of bottoming action that we see on this instrument? So right now what we have is a TD9 count bottom that failed yesterday, but price has made its way back to its breakout level, $13.71. That was tested and so far that has rejected. So the only bottoming action that we would have here, Jimmy, is price making its way back to its breakout level. If we're looking for some type of pattern, an A to B, equal CD, a Roadsmen Dominicator, TD9 count, nothing there, but sometimes just simply coming back to your breakout level is a place to take a long position. Now, at the same time that price was doing that, Jimmy, on the weekly chart price was testing the bottom of its weekly profile, $13.87. So as long as that holds, that's okay. And on a monthly level, price got down towards its bullish structured monthly profile area. So the real answer to your question is their bottoming action. That means we've got to look at the intraday chart out here. So we'll pull up the 30-minute timeframe. What we'll see that this morning here, specifically at 10 a.m., you've got a Roadsmen Dominicator bottom signal that at 10.30, you've got to confirm TD9 count bottom. And now you have price that's trading with inside profile levels here. What I would say, Jimmy, is that if price can take out its TD9 count breakdown area on a 30-minute timeframe, that's at $14.56, then odds favor that this is going to rally further. And it could have bottom with support holding both on the daily and the weekly. But as far as the pattern is concerned, that's the only pattern that I have is price blowing back to levels of support and holding. And those can be bottoming patterns out there. So I hope that helps you out with regard to ENVX. And thanks much for the request out there. And we'll take more. But we'll take one more from Jimmy, because Jimmy asked that same question about Overstock. O-S-T-K is the ticker symbol. And so we're looking at on these charts here, folks, is we're looking to see if there's any kind of bottoming signal. So we take like an Overstock. It formed a TD9 count bottom yesterday. That's being tested. And so far, that is held. So you're asking, is there a bottoming action? The answer is yes. Now, if price were to close below yesterday's low, yesterday's low on this instrument is $26.17. Then that pattern will get negated and that would suggest to run for its breakout level down to $22.04. On a weekly basis, you've got a TD9 count top with price testing. It's an oscillator and change line. Now, it closed below $27.53. We'll signal to you and I that it's lost its luster. But you got the daily. Now, what the daily should do, what price should run to, is that oscillator and change line. Well, we can also see the bottom of its daily profile is at $31.29. So if you're looking to take it a long position here, your reward risk, your target, should really be $31.29 to the upside out there. And to the downside, you just simply would close it out if you got to close below yesterday's low. If we look for Overstock at a 30-minute timeframe chart, we'll see that it is or has was it's trying to form a arrangement to mitigate your bottom. But no bullish reversal candle here. Price is dealing with resistance. That's a 30-minute resistance level. And if price can close above $26.62, odds favor the Overstock is going to continue to rally. Why? Look at all these other 30-minute rallies. Price has not been able to take out the top of a profile, not exceptions did at 11.30 in the morning back here on August 14th. So it just would add to the idea of a further rally inside of Overstock. And that's based upon that TD9 count bottom on the daily timeframe, as well as now the 30-minute chart out there. So I hope that that helps you out with regard to those two instruments. Thank you very much for getting this kicked off with regard to requests out there. The next request coming in from Jambalaya. Jambalaya wants to take a look at ticker symbol JD, JD.com. And I think the question was just simply to look at it. So JD.com gaps down this morning. When it gap down this morning, and as long as it closes below this bar right here, it's labeled bar number one. That was a bar following bar number nine. A close below 33.92 is a very negative thing. Why? Because you're closing below a TD9 count bottom. You're closing below a bullish structured profile. You're closing below TD9 count breakout support. So the daily chart looks ugly. The weekly chart says you're trading now below its bullish structured profile. A close below 33.71 today would be a close below its red oscillator and change line. That would tell us it wants to go tag that bottom, that rose meant to indicator bottom out here. Now there was volume there of 62 million shares. So far through today, you're down at 53 million shares. Now yesterday's volume on this was about 7 million, oh, I'm sorry, about 11 million shares. You're already at 7. So you've got pretty good volume. So this could be signaling that price is going to go tag at least that low. That low out there, let me give you that, that is 31.57. And a price close below that jambalaya, you're looking at 25.77. 25.77 is it's monthly, it's next monthly TD9 count breakout area. So JD, I think you had something you were writing there, JD didn't look that good. It really doesn't look that good on the chart here. In fact, it is suggesting to you and I lower price. So I hope that that helps you out. The next request was a take look at Mara. M-A-R-A is a ticker symbol. This for McGuppy inside the Tiger's Den. And his question was, is there any bottoming signal? Well, on a daily timeframe, this negated its TD9 count bottom yesterday. So this is looking ugly, fuggly priced yesterday. Close below its breakout level of 13.15. That means its next breakout level could be its price target. And that's down at 9.16. Now there's a couple different A to B equal CD patterns that I see in here. So therefore, McGuppy would be watching for a bullish reversal candle. If a bullish reversal candle were to form, that would then generate a buy the D point pattern. But short of that, price should go target 9.16. Another price target would be down at the 10.75 to 9.61 level. That is its bullish structured weekly profile. And with price below that green oscillator and change line, and after take a look at the daily timeframe, odds favor, that is its next price target. And we couple that with the monthly timeframe chart that shows that price is trading below a red oscillator and change line. Of course, we're still early in the month out there, but that is not a good sign either. So I would have to say with regard to ticker symbol, M-A-R-A, is there any bottoming signal? It's just the opposite. The signals are that this wants to continue to trade lower out there. So I hope that that helps you out with regard to M-A-R-A. Greg wrote in, and I know he wants to take a look at Tesla. So we're going to go ahead and punch the symbol in here. It's going to take a few moments here for the charts to populate. Let me read his question. It goes like this, would you work your magic on Tesla? I'm in Tesla and considering taking profits. What support levels do we have that we can take a look at? The next support level on a daily timeframe out here, Greg, is going to be down at 195-12. Now, in the case of Tesla, it negated a TD-9 account bottom the day after it formed and negated on August 15th that's continued to head lower. We've gapped to the downside this morning. So no reason for this to not continue to head lower would 195-12 be the price target. Just like McGuppy and I were looking at on his request, same thing here. And the same thing here is that there's an A to B equal CD to the downside. And therefore, if you get a bullish reversal candle, that would generate a buy the D point pattern. That would generate a Gertley buy pattern. That would then signal a move up to resistance. And the next level of resistance right now because there is no daily profile on a daily timeframe would be up at the 239 level. That's its red oscillant change line. The weekly timeframe for Tesla, Greg shows that we are going to close below a bullish structured weekly profile. That opens up the door for a move back to 164-35. That doesn't come into play until we know it happens at 195-12. Or of course, if there's a bullish reversal candle on the daily timeframe and on a monthly timeframe, Tesla back inside his profile levels. That opens the door for 144-165. So it looks like Tesla wants to head lower 195-12 being his next price target. Steve Rhodes with TFNN. We'll be right back. TFNN has just launched their new trading room, the Tiger's Den, hosted at this court. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. 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What we do have is a extremely oversold market condition out there. And so this is leading into my next question from InnoVisual says, hey, I missed the opening of the show. He wants to look for a place to go short inside the NQ. I simply want to point this out to you. And if you've got this chart, Inno, you've got access to this tool out here, go check it out. Because when you get below that minus 250 level, you're looking at your anticipating more of a oversold condition being worked off. The question is, when is that going to begin? Because it has to begin. And it doesn't have to begin today. It doesn't have to begin on Monday, but it has to begin. So you're getting more towards the area of some type of counter trend move to work off that condition. And it could take days. It could take a week or so. These oversold conditions back here in September and really back here in March of this year, that didn't happen overnight. That didn't take place in a couple of days out there. But those are when you form those divergent patterns. And I don't know if we've got a divergent pattern that's going to form out here. We could be all the way back here as an example, back here being like July of 2021, where you just simply made that V bottom on that advanced client oscillator. Not necessarily price, although it did so in price as well out there. So I don't know which one of those. What I do know, I don't need to know which one. Right now I know, and I'm just simply sharing with you, even though I'm belaboring the issue is that the markets are extremely oversold. So I went from the extremely overbought level now down to the extremely oversold area. So I wanted to preface it that way. Now let's go take a little switch over to the white background charts. Let's look at the NQL, do that relatively quickly here, because we already did that in the beginning of the show. So now we're looking for any kind of bottom signals here. Well, the bottom signals inside the NQ come from right now, they come from a 30 minute chart, which has got a TD9 count bottom pattern, and the 60 minute chart that also has a TD9 count bottom pattern. So we're watching here, if you're asking me, well, where would be the place to go short today on an intraday basis? I'd be watching 14, 764 to 14, 776. Those would be two areas that I would be watching. But then I'd be looking at, I see at 14, 730, you've got a TD9 count breakdown level on a 10 minute chart. And the price close above that. And then that's also the same breakdown level on a 15 minute chart out there. Hmm, something to consider that perhaps the counter trend move is beginning, but only close above those levels would really suggest that, at least suggest that to Stevie. Now, if we take a look at the NQ here, and that can change just to all different types of timeframes. So on these timeframes, for the most part, what we can see on the NQ on a 30 minute basis is that its TD9 count breakdown resistance areas have been holding out there. So that key level, if you're going to ask, where's the real area to short from, I'd have to go to the, well, this is the 30 minute chart now to come back to that 14, 6, 14, 764 area. So it'd be one place to consider. I'd be looking for a pattern, perhaps there. If we go down to a 15 minute timeframe chart, this again, well, this will put up all the TD9 count breakdown resistance levels there. So you can see how the market has responded. If you close above one, you're likely to have a bit higher out there. If we move this from a 30 to a 60, we'll take a look at the hourly chart out here right now, just take a look at breakdown resistance and get back to that 14, 776 area. So where's another area to potentially go short? Another area to potentially go short. Now go ahead and change screens here. So if you give me a moment, we'll do that. I got to get to the right spot to do that. And this would be on more of a multi-day rally, I would think. And that multi-day rally, the place that you would look at for going short the NQ specifically is 1509850. Not to be exact or anything, but to be exact, 1509850 out there. That is the epigee pivot point that came in. I think it might have been on Tuesday of this week out there. And that is likely to be an area of resistance. So that would be a pretty good place to potentially take a short trade. So I know you wanted on the Qs. Really, it is. We got to take a look at the interday charts here for the NQ, which we just did. And I hope that that answered your question. With keeping in mind, keeping in mind that the markets are in that extreme oversold condition, and we should expect and anticipate some kind of counter-trend move out here. So let's go to our next question. The next question coming in from Dan inside the Tiger's Den. Dan wanted to take a KRE. So let's get over to those charts here. And as we speak right now, this is the regional banking ETF sector out here. Today is going to become bar number eight of a TD nine count pattern. Now, bar number nine has to complete on Monday in order for this pattern to confirm what does bar number nine on Monday have to look like. You need to see a close below this price level 4530. If you get a close below 4530 on Monday, because there's no way that it's going to, bar number eight is going to complete no matter what. You'd have to have such a miraculous rally out here. So you're not going to get that. I also see a confirmed A to B equal CD to the downside. So a Gartley buy pattern inside the regional banking sector here. That's assuming that today we do get that bullish and golfing candle or bullish reversal candle by day's end. So I don't know what it's going to look like, but as we speak right now, typically 90% of the time when you get a confirmed bar eight on a TD nine count, you get a completed pattern out there. But still at this stage here, I've given you the data, the number that you need to look at on Monday. But if you get that bullish reversal candle, the TD nine count doesn't really matter. In other words, having two bottoms doesn't necessarily make it better than one bottom out there. Of course, I could use two bottoms. Yeah, you don't see too much in the rear on Stevie. In any event, we take a look at the weekly title. There's too much information, but it was offered. If we take a look at the weekly chart out here, price remains above the top of its weekly profile. So that's bullish. If we take a look at the monthly timeframe, right now you've got price consolidating with insight. It's a profile level. You can see here how price pulled back, pulled back to the breakout level. It might have been Jimmy D that was asking me a question about an instrument. Could have been overstock or I don't remember the other one now. I said, you know, when price pulls back into a breakout area, that can be a bottom. That's really the pattern is that bottom or that breakout level holding. That's what took place on a monthly basis. So it looks to me like the regional banking sector, thank you, ENVX. The regional banking sector is getting ready to a bottom. Now, what price should do from here, Dan, is price should make its way up to the bottom of its daily profile. That's the first level of resistance, 46.55. Now that's on that timeframe. On a 30 minute timeframe, we'll see arrangement to indicator bottom price right now trading above the top of its profile. And it closed at 12 noon above 44.89. That's a slightly bear structure profile. It's going to suggest that price wants to go target 45.97. So I'd say 45.97 is in the cards out there. If we get that close, you've got that bottom. Again, the key is going to be, well really no key. If you get that bullish reversal candle today, you've got your Gartley buy pattern. So Dan, oh, I hope that that helps you out with regard to the regional banking sector. We get back from this break, we're going to take a look at ticker symbol IAC. This is also for Dan inside the Tiger's Den. And it could indeed some more help today, but it's got arrangement to indicator signal triggered, but no bullish reversal candle just yet. But there's some more time left in the day. Steve Rhodes with TFN, we'll be right back. We'll take a look at IAC Inc. 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. 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The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principle. 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 NYSE American and TSX under the symbol VGZ. Welcome back, folks. So, we take a look at LAC, not IAC. My apology, LAC is Lithium America's corp out here, and it is an ugly looking stock chart. What did it do yesterday? Negated a daily TD9 count bottom. What is it going to do this week? It's going to negate a weekly TD9 count bottom. But where's the next level of support? That's really the question right now, and that's at 1546. We're trading at about 1616 as we speak. So, 1546 is the next area of support. Dan, if that level fails, we're likely headed back to $2.39. At least that's the next level of support that I have for this instrument. Now, on a weekly basis, let me see, what are we doing volume-wise? So, we've done 8 million shares, and the swing point has 10.9 million shares. That swing point is this TD9 count bottom here. But that could set up an A to B equal CD to downside. Let's do this. Give me a moment. We'll switch back to another set of charts out here, my black background set of charts where we can draw in the A to B equal CD pattern out here. So, this is the weekly timeframe. So, for the A to B equal CD, there's a couple that we could draw in here. One looks like this. The swing point that we're using is the high from November 2021. We move all the way down to May of 2022, we then retrace into a high that forms in August of 2022. That was a .618 retracement. The 1 to 1 A to B equal CD out there gets you to 10.58. Now, the volume on that swing point was 24 million shares. When we closed below it, it was with 8 million, then 10 million. Today, as I said, we're going to do 8 million shares. So, we're closing below that swing point with lighter volume. Does that mean that it won't go fulfill the A to B equal CD to downside? The answer there is no. This is the pattern that's in place. The A to B equal CD pattern really does two things for us. It is a price projection tool, and then what it helps us to understand is as price approaches at least the 1 to 1 level, then we start looking for bullish reversal candles. That is when we may get a buy the D point pattern. Well, we'll get a buy the D point pattern if we get a bullish reversal candle out here, and there's other A to B equal CD patterns, but no reason for us to draw those in. So, again, back to the black background charts out here. When it comes to LAC, Lithium America Corp, its next level of sport is 1546, and a price closing below that, it gets extraordinarily ugly out there. The next request from the Tiger's Den from ELO, he wants to take a look at XHB. Now, for, oh, what did I do? What did I do? Huh? Where did I put that on my other charts? Well, we're going to just have to go put it in XHB, and then we'll switch over. So, let me get X, XHB, and XHB is the homebuilder's ETF out here. Okay, great. So, is that what you wanted? Was XHB the ETF? I'm going to have to assume the answer there is yes, but if not, just let me upside the head. All right. So, what do we want to do here? We want to go to my other charts to see if we can find any kind of bottom pads. We don't see anything here on the daily timeframe. They wouldn't see anything at all. So, let's go switch over to those white background charts on your welcome quota. And as we take a look at XHB for ELO, today's going to become bar number seven, maybe Monday through Wednesday up next week you get a TD9 account bottom. I say maybe. Its next level of support, well, shoot, it's all the way down here at 6845. You're below daily profile. Don't have anything else. I've got a swing point that it's going to maybe trade into on a daily basis. You'll be watching July 6th out there. Now, volume on that swing point is 3.9 million shares. Yesterday you did 7 million shares. Today so far, you're at 1.7. So, it's got about that 3 million share type volume. So, that would be an area to be watching that swing point. The weekly chart shows that we are below profiles and below its green oscillator and change line. 6839 is actually, it's nice downside price target. And the next price target to the downside on a monthly timeframe is 75 even Stephen. Now, on a intraday basis, ELO, you did get a TD9 account bottom pattern out here. And so, what you want to watch, if this is going to rally further versus head lower, you would see a close above 79.95. You'd see two consecutive closes on a 30 minute basis above that. Otherwise, that's your resistance. That's where the sell the dipsters or sell the rallysters are at is about the set. Well, really between 79.69 and 79.95. But a price were to close above the 79.95 level, 81.26 would become the next price target area. But overall, the daily, the weekly, the monthly, they're all suggesting that this thing wants to trade a bit higher. Now, with regard to consecutive days to the downside out here, what we've got is this is going to become, it looks like we've had three consecutive days. And this typically rallies after three to four consecutive days to the downside out there. So wouldn't be unusual to see a couple of day rally, but that doesn't mean that it's bottomed at all. So I hope that helps you out with regard to XHB out there, ELO. And thanks so much for the request. Inside the Tigers Den, I think Kota wanted to take a look at ARKK. And I believe the question was maybe looking for some bottom signals. Well, the only bottom signal out here, much like when we took a look at those first two instruments, I think it was ENVX out there, the only bottom signal here is price pulling back to its breakout level supported 39.35. Now the actual low this morning, 39.35. You got to love that. And it's bounced off of that. Is that a bottom? It could be. If you're asking me, is there a bottom pattern? No, it negated a TD9 count bottom a couple of days ago. I don't even see an A to B equal CD pattern to the downside. So what I see out here is wave number four, letter D. Of course, that can't be confirmed until we get a higher low. But price getting back and testing a key level of support, that was its daily breakout level. The weekly chart says I'm going to close below profile support, bullish in structure. So that says I want lower price. And for it, that would be 37.42. So we'd say if price fails to hold 39.35, we see how important that was, how that reacted, how price reacted at that breakout level out there. If that area fails, then I would say 37.42 becomes the likely price target for ARKK. Of course, you know the routine out there, Kody. You've really got to take a look at probably the top 10 instruments inside of ARKK. See what they're doing out there because that would be helpful to you. So I hope that that helps you out with regard to that request. Now I believe I've taken care of everything inside the Tiger's Den with the exception of taking care of Mr. Bill. And now we're going to go do that. Mr. Bill wanted to take a look at the horizontal trading range boundary lines out there. I know he thought I forgot about him, but I did not. So he was asking about the S&P 500. Mr. Bill, I hope it's okay if I start with the Dow out here. And then maybe during the break, what I'll be able to do is just make sure I've got the right charts there for the S&P 500. If we take a look at the Dow, remember we're in a total oversold condition. What has the Dow done? Well, the Dow found resistance at its midpoint, primary trading range midpoint. That was at 35, 463. Those are the dotted lines. And now prices pulled back to a rising trend line. That's off of the low that formed out here in October of 2022, the low that formed in March of 2023. And that ran into lows back here in May of 2023 as well, as well as a move lower back in July of 2023. So you've got a key level of support that's being tested. The bottom or its next horizontal trading range number is 34152. We got down pretty close to that. So you've got the Dow at a key area of support. It would not surprise me to see a rally to work out that oversold condition. You could even get a rally where the Dow would make its way up to 35463. I'm not saying that's what's going to happen. But if price takes out this rising trend line, if price does close on a weekly basis, we're looking at weekly horizontal trading range boundary lines, if price close below 34152, that could be signaling to move back to the 31 to 530 area. Yes, there would be some intraday support or some intra-weekly support, if you will, whatever that means at 32841. So those are the horizontal trading range boundary lines for the Dow out there. We're going to try to take a look at those for the S&P and we get back to this break. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien 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 TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns. Finding the peaks and valleys in stock prices, get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. Welcome back, folks. Hey, before we go take a look at the S&P 500, I had noticed something. We're taking a look at the Dow. We're taking a look at the primary trading range boundary lines. We took a look at the trend line. We found that the Dow should have found support on that chart. We're taking a look at the daily timeframe chart. These are for the U.S. cash indices out here. We could also see that the Dow has pulled back to its breakout level of support. Because of requests that have been asked for this morning to take a look at charts, we have seen two or three instruments where they pulled back to those levels of support, that breakout level, which has been in essence a bottom. What this is signaling to me, at least what the Dow is signaling to us, is that that oversold rally should really be underway today, should begin. And where could price move up to on the Dow? You could get all the way up to that 35-183, that greenhouse litter and change line. Now, it's a Dow that's going to have to be all the strength. The S&P 500 is saying to me, and I want to get to 41-56. The NASDAQ 100 says 13-059. The Russell says 17-44. The semis, I don't even know where they want to head to. I've got to really scrunch the chart out here. I don't even have that level. And the transports, 13-810, 12-604, the composite. And the interesting thing here about the New York Stock Exchange, if it forms a bullish reversal candle today, it'll confirm a Gartley buy pattern. So just watching New York Stock Exchange at day's end out there. So I just wanted to share with you, at least with regard to the Dow, what it's doing, the levels of support that it's at and where it could likely head to. Now, let's go back to those black background charts for a moment. We'll pull up the S&P 500. We'll take a look at its horizontal trading ranges. Those are the horizontal lines that you're going to see here momentarily. And what we can see is price, when it broke through a couple of days ago, the 44-20-70 area, there were 43 opens or closes at that price point. So breaking through that, that's a pretty significant level. Price is likely to head down to the next horizontal trading range number. That's at 42.59. And below that, price is then likely to target its rising channel, rising trend channel. Now, where is that at from a price standpoint? Around a 41.50-ish plus just depends on when price might get down there on a daily time frame. So those are your horizontal trading range, Mr. Bill. We got them both for you for the S&P and the Dow. Took care of all the requests that came in. So folks, I want you to have just simply a fantastic Friday, a fabulous weekend. And please join me again on Monday, 11 o'clock sharp. I believe it's going to be 11 o'clock. I know I've got to drive over to Naples that day. We're going to try to make it an 11 o'clock sharp. If not, it'll be 8 in the morning. Folks, have a fantastic weekend. Take care.