 of TFNN The Trader's Edge with Steve Rhodes 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 November 16th the terrific Thursday edition of today's Trader's Edge show. I'm your old 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 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 it means we can find the gift in every set of circumstances 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 had just passed 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'm here to serve you. So feel free to pick up that phone. I'd love to hear from you at 877-927-6648. Now if you've got a question but you can't call in you can always send me an email. Send that off 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 Tigers down well then any in every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now you get all the U.S. indices that we track are trading to the downside. Dow's off 89 points about a quarter of a percent. Less than a quarter percent for the S&P six points. A quarter percent for the Nasdaq 142 there. One and a half percent for the Russell. That's a 42 point move to the downside. Some eyes are up 10. You've got gold trading up 25 bucks trading out at 1990. Silver's up 54 cents. That's a two and a quarter percent move there. Twenty four eight is its print. Lights we crude. Let's trade down three bucks. Got to switch this over to the January contract. Give me a moment to do that. Twenty four. We should be all set there. So now we got lights. We could sell three dollars trading out a seventy three seventy natural gas off 11 cents. Three oh seven is the print there in the three treasury up three. One point and three ticks. One fifteen twelve. Now let's do this. I was unable to just got back from an appointment just in the nick of time. We didn't do the the 11 a.m. update. But let's just get a quick overview here. Now we'll start taking a look at that charge signals things of that sort. But just our overview or primary our nine panel market update chart. So let's do this here. We take a look at the ES many right now. We know about the ES many just pulling back slightly out here. It's above all resistance levels wants to go higher as far as where that higher price is at. Let me I'm just really trying to get all my charts up here on the screen right now. Where is that set of charts. Daily equity futures. So it's going to be a price target out here. The next upside price target that is for the ES many. I said forty five sixty six forty five sixty six got that spot politics still well below its fifty day exponential moving average. That's always got a bullish indication for the buyers out there unless the VIX is forming a bottom that we don't know just yet. But right now it's below that level being sixteen fifty two the spot picks at fourteen sixteen. We take a look at the end queue out here. Now the end queue did run up in some resistance yesterday. It's not shown on this black background chart. You can note this figure on your pad of paper out there. It's up at the fifteen nine eighty two fifty level fifty nine eighty two fifty was a eighty nine count breakdown area. Now we can see here. This has been going on and off since about four o'clock this morning with regard to a new profile. It's a temp uniform. I'm going to just try to refresh this screen right now see if it pops back up. It's not popping back up. But I can I can guarantee you that the end queue is attempting to form a new profile. It's not present as we speak right now. Not a gigantic move at least at this stage of the game out here. We'll take a look at what's going on with regard to the components that make up for the top eight components that make up the NDX 100. We take a look at the US dollar index. It has in essence made its one to one A to B equal C. The one one price projection would take us to one oh three sixty six. This got down yesterday to one oh three eighty one. So if we did get a bullish reversal candle that would suggest a further move higher. Otherwise because price is below profile support out there we would expect price to continue to head lower. We take a good Goldilocks gold is taking on the top of its daily profile. That number is nineteen eighty nine. A price can close above nineteen eighty nine. This next price target will become two thousand nine. Two thousand nine twenty is its TD nine count breakdown level. If price able to close above that although we won't have yet a guaranteed A to B equal C to the upside that would be its message in order to get that A to B equal C to the upside you need to see a close above twenty nineteen seventy. Now in the case of silver this is encouraging from a bullish standpoint it if it close above twenty three ninety two point two two three point nine two five to be exact out here today. One it negates the CD nine count top. The second thing we do is it would generate an A to B equal CD pattern of the upside. Now that A to B equal CD pattern would give us a price projection. This would just be the one to one. It's going to be that matter on where where price closes today. But the one to one gets us a twenty four ninety five. It was a point six rate retracement out there. So that may be the extent of the move. So watch twenty three ninety two today. If we take a look at lights we crude lights we crude as an A to B equal CD to the downside. Price is trading below trend line support out there. It's trading below the bottom of its profile. We'll try to figure out where lights we crude is headed during the traders during the rest of the show out here. Not right this second. Natural gas is testing support. So it's been consolidated. It's got to buy the D point pattern that has led to a consolidation with inside its profiles. Profile support three oh four profile resistance three twenty eight. We take a look at 30 year treasury one more day trying to break out which means a closing above the top of a daily profile. You and I need to see two consecutive sessions. That would be two consecutive close above one fourteen twenty two. Now if we get that you could actually have an A to B equal CDT upside inside the thirty year treasury out here. I'd see what that retracement looks like. So the point that's pretty easy to identify the October twenty third low. Then it looks like that this make high one fifteen twelve one fifteen twelve so we can use that high. And then the low down here. Let me just see if that was at one twelve twelve. This is at one twelve twelve. All right. So I would just use this one here. Just got to close. So the one to one A to B equal CDT with a price close above one fifteen thirty eight quite frankly would take us up into the one twenty sixty three level. So that's just the overview. Normally we do that at the eleven o'clock hour out there was running late. I see we just got a few seconds. We're going to go to hard break. So I get the rest of my system set up out there. So Steve Rhodes with TFN all the US indices trade in the downside. Of course I'd love to hear from you eight seven seven nine two seven six six four eight or Steve TFN dot com 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 thirty plus years of experience as a trading veteran of futures forex stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report you also gain instant access to Teddy 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report for all the details and to start your 30 day Tiger Forex report subscription today. Visit the front page of TFN dot com TFN 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 TFN dot 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 TFN dot com educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFN all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit TFN dot com and try mastering probability 30 days risk free today TFN educating investors eight seven three seven six one eight welcome back folks let's get to our first request out here uh the first request coming from g-man inside the tiger's den a g-man wants to take a look at intel so i'm trying to get my other charts here fired up um there's some issue going on there but we'll just simply overcome it so we're going to use the black background charts right now i believe the intel yeah so if you take a look at intel out here you can see right now that it's trading above the top of its daily profile well above that questionable whether we can put in an a to b equal cd pattern out there but we'll we'll try to take a look at that it's trading above the top of its weekly profile so this would suggest that where price is running for is the uh 47 37 mark we're trading at 41 85 now and that happens be the top of the monthly profile if i expand out which we'll do here we expand out the intel chart let's try to find an a to b equal cd pattern that we can't put in here so that we can do so let me try to do this here get rid of the one that's in there what is going on with the system there we go okay so for an a point out here for intel we're going to come all the way back to the low what the heck this is so weird give me a moment here folks sorry about that let's see here so the a to b equal cd pattern that should be okay let me just try offset this a little bit further a little menu button in size offset let's try to put this okay see if we can grab it now so we're just trying to identify where the next price projection level is for intel there we go so the a point's going to be the low of may 25th the b point's going to be all the way up here at the high on september the 12th come on work well we know that's where the b point's going to be why it's not grabbing or what the heck is going on with my system what a shame so what the heck that's a problem with going to denis orally in the morning that's weird i'm going to try one more time see if we get it in there we're going to just say screw that okay so that's we're going to say screw that because that's not working out let me see if we can figure this out we're going to go to the white background charts now so apology for the fumbling the those of you that have been avid listeners of the show know that that's not the normal process so just a technical difficulty everything in life happening for us so now let's go take a look at intel's daily time frame chart out here good lord okay so what we can see here is there was a td9 count top that formed on the trading day of november 8th and that was negated on november the 14th so i know they've got a topping patents negated here i can draw in the a to b equal cd pattern at least steve is going to give it a shot what i'm going to do is i'm going to draw oh my goodness gracious maybe we're not going to do any a to b equal cd patterns today here folks um for reasons that i can't tell you that is really wild jeez louise hmm okay so i i don't know what the issue is but there is an issue out here and uh so right now what we know is we've got a price tag at least some 40 there we go so at least i've got this thing here working just a tad so there's our a to b line i'm just simply going to try to grab this and move this over to the c point out there so it's at about right in that price range so the one to one just to see where we're at my goodness gracious okay so the one to one a to b equal cd would take us up towards that 4505 ish area so 45 so we'd say the next upside price target inside of intel is between 45 and 47 out there we don't see any kind of a topping signal that's going to be day number three to the upside for intel if we take a look at the weekly chart no topping signals there now on a monthly chart intel will form bar number nine of a td9 count this month uh at the end of this month i should say now that doesn't necessarily identify the top because the top can come under bar following bar number nine out there i'd be more concerned about trying to identify a top on the weekly time frame that would then coincide with a weekly t monthly td9 top so right now intel looks like it wants to continue to move higher i don't see any kind of a topping signal even on a 30 minute time frame chart let's pull the 30 minute chart out here and this has a negated td9 count top from today now there is a bearish shooting star candle that formed and that was a 10 30 g man so that is going to set up resistance i'm assuming that this also will have formed a cell the d point pattern if i pull the chart back far enough so just your resistance at least for the next couple days or today at least in today is going to be up at forty two fifty nine but otherwise everything looks really good with regard to intel sorry for that fumbling and bumbling there's not too much steamy can do about it just to put up with it and uh unfortunately you have to put up with it as well so g man hope that helps you out we had another question coming from g ph and g ph wants to take a look at the gold contract is specifically looking for the 30 minute time frame chart so this is so wild so we're going to try to do here what are we going to try to do i don't think i'm going to try to set up all those let's let's do it the right way let's put up gold let's get the december contract going let's see how long this actually takes here to populate make sure we're still on the white background screens we are okay and what he's asking about he or she who uh g ph is asking about where there's a td9 count pattern top that is on the 30 minute time frame chart now the 30 minute time frame chart hasn't populated just yet the only thing that's populated is a daily time frame you can see that the daily time frame chart has a price traded above the top of that profile out there that's the upper left and so that price target is 2017 70 that's a td9 count breakdown level and the price flows below that that would be a bullish outcome all right so they're starting to populate now that's good these are the intraday time periods that's the bottom panel and look at the bottom panel bottom chart that would be second from the left uh the 60 minute time frame chart i see a shooting star that's up but i don't see any signals just yet come on populate still look calculating all this that is wild well i'll go out make sure we don't have this problem tomorrow if i'm able to do the show so there's a questionable whether i'll do the show but i'm gonna do my best to try to uh find a way to get that comp so on the 30 minute time frame chart sorry about that g ph just took you know about 20 minutes in order for that to calculate the answer is no there is no td9 count top at all there is an a to b equal cd pattern though it's more than a one to one and uh it's a potential that you could get a bearish reversal candle in the next five and a half next five minutes out there if we do get that that would be your signal of a short term top inside of gold now if we do get that that short term signal should then take us back to about the 1978 level i'd say 1979 20 1978 70 right in that range if price pulls back test that area rejects that area that means close back above it that would be a bullish outcome and suggest that the gold continues to move higher today but no td9 count top as we speak just a potential for an a to b equal cd pattern but that needs a bearish reversal candle here and just about the next four minutes right now you've got a bearish shooting star you've got a bearish engulfing candle uh but uh we'll try to come back to that with regard to the other time frame so just to see if there's anything to pay attention to on a 10 minute time frame you do have a td9 count top and price right now is dealing with that oscillator and change line so close below 1987 40 at 1130 would suggest a pull back to 1980 to 1983 that gets us back into the where gold on a 30 minute time frame chart is suggesting we could see a pull back to any other time frames i see any tops the answer is no so just an intraday period of time to be paying attention to that being said and it's not showing up here oh that's big you know why is oh what i can see though is there is a resistance level now that's support i'm not gonna go there so the answer to your question gph no no td9 count top on the 30 minute but it looks like we are going to go ahead and get a uh a sell the d-point pattern out there so hope that helps you out and thank goodness for going to a break i could try to uh maybe shut these charts down start it over and see if we can be a little bit more efficient out there see roads with tfnn we'll be right back 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 obrien 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 obrien'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 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 tfnn educating investors tfnn has just launched their new trading room the tiger zen hosted at discord 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 tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tamo brian and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back up folks so we're taking a look at that ebay this is for dan wrote in and dan i didn't get to write down the question but i did see you wanted ebay so i'm just going to do a review of ebay for you hopefully that that takes care of what you were looking for so we can see that ebay formed a roadsman dominicator bottom and then that took price right up to resistance now resistance here dan is atop of its profile 41 49 that's yesterday's action price got up to 41 42 so close enough we use that as a range not right to the centilla necessarily sometimes works the centilla but we don't have to worry about that so we know that price rejected resistance and now it's trading below a first level of support that first level of support dan is the bottom of its profile now i don't know where price will close the day but if it does close below 40 40 that would be the bottom of its profile that would signal move back to its oscillator and change line the oscillator and change on is presently printing at 39 32 if price were to close below 39 32 because it's red that would tell us that price is likely going to go back and target it's low now that low was on november 8 the volume on that low we're trading into that right now the volume on that candle is 18 million shares so far today ebay has done 2 million shares so it's coming back with light volume but nonetheless the first target to the downside appears to be 39 32 ish that'll change by a penny or two and then if price closed below that even if it's on lighter volume is still get down and test that low if we take a look at the weekly time frame chart that also tells the story of a nice bottom that may form i say may because bar number eight form but in order for ebay to form a td9 account bottom it needs to close below this is at the end of the week this is not today so that's tomorrow tomorrow is the end of the week yeah it needs to close below 40 76 if it does that you'll have a td9 account bottom but what you also see here is that red oscillator and change line really acted as a repellent zone as resistance 4103 on the monthly time frame price is trading below profile so there's nothing bullish about the monthly there's potentially a signal that's bullish on the weekly chart although it really needs to get back above that red oscillator and change line and price found resistance the top of the profile out there so on a 30 minute time frame just to go to one short term time frame chart out here for ebay if we take a look at it it doesn't show us much joseph is pulling back into the gap this is the gap that formed at the 10 o'clock in the morning this was yesterday two days ago out there so i would say a price closes below that gap that means the low of the session from 10 a.m that low is at 39 53 that too would be signaling lower price and maybe pulling back to its breakout level which was tested earlier and that was at 38 60 out there so 38 60 could be the downside price target just looking at his 30 minute time frame chart and that is for ebay so dan i hope that that did provide you with the information you were looking for i'll try to look at that email during my break if it didn't uh you know i'll try to get you that information the next request the actually the only other request that i've got so far at this stage here is from brent and martinis california and brent wanted to take a look at the russell 2000 so the russell 2000 down one in six tenths percent today 29 points to the downside let's get over to those charts try to get a feel for what it is communicating to you and i so here as we take a look at the monthly time frame the monthly time frame has got no bottom price remains below a oscillator and change line it could be telling us it wants to target 14 25 80 if it's going to do that price has got to close below the buy the d-point pattern that formed on a weekly chart that bottom is the low from october 27th and that low is 16 38 60 so not until that happens would we see or suggest that move back to 14 25 80 on the daily time frame out here what price did was it ran into resistance basically at its td nine count breakdown level granted it closed above it on wednesday it closed above it again yesterday normally that'd be the sign of a breakout but that's not the message that it's giving us so that is still resistance print that 1800.90 level out there and the price closed below that and we could see a you know a couple day pullback here what we should expect or anticipate is a pull back to about the 17 22 level 17 22 on a daily time frame is the red oscillator and change line if we look at a 30 minute time frame chart what i want to do is expand this out the 30 minute formed a rogement and indicator top now there's an a to b equal cd to the downside pattern so on a short-term basis out here and we'll just draw and let's see how quickly this works oh good that's back to working so here's your a to b line let's see if we just copy and paste oh i'm just going to move it over to the c point so here's the c point so you can see it's achieved on a 30 minute basis that is it's achieved the one to one price target level so what you'd be watching for here brent at least from an interday standpoint is a bullish reversal candle if you were to get that that would then signal a rally and that rally should take you up towards the 1789 level on a 30 minute basis that is its current oscillator and change line level so now let's go back to the other charts out here with regard to you've got a td9 count top on a five hour basis so what this tells us brent is this tells us the key level of support for the five hour time frame is actually at 17 72 80 the low so far has been 17 72 60 so watch now this candle here doesn't close until 2 p.m so it was kind of tough but if price does close below that that could be signaling an eventual move back to 1694 so back to the daily time frame it's 17 22 out there i'd say that the bottom of that profile in the five hour time frame chart again let me give that to you one more time make sure everybody's got that that is at 17 72 80 there's a close below that it's a pretty decent signal to russell 2000 wants to pull back even further out here now for some strange reason i must have deleted something on this chart um let's do let me see if i can do this here see how quickly this will work so new chart chart here i just want to see how many consecutive days the upside the downside what's going on inside the russell 2000 so if you give me just a moment we should be able to pull that up rty 223 and daily time frame let's go ahead to my little knee jerk reaction set of tools out here there we go so let's see hopefully this populates very quick and i'll pull that out yeah great so i'm going to pull this over just trying to understand its dance steps out here so we've seen two consecutive moves to the upside consecutive moves the upside of the downside typically our two to three bars out there and the russell 2000 not showing really much except exception out here we did get that two five bar moves uh last one the last one actually was on november the third the one before that the preceded that was on october the tenth out there so you could get a two-day pullback that would be common two to three-day pullback i'd say with two out there um because that's what it looks like we take a look at the russell 2000 so brett i hope that that provided you with the information you were looking for as well i also did not read in detail i just saw it pop up on my screen again i'll go take a look at that during the break and hopefully i provided you with the information you were looking for the next minute though let's go take a look at the nq and its intraday charts let's assume that i've still got that up here we do so here's the nq so what's the nq doing so five-hour time frame chart for the nq has got a td9 count top so its key level of sport is going to be 15751 a price for the close below 15751 15541 becomes a price target a rose bit dominicator top on the four-hour time frame chart its key level of sport which is basically being tested is 15800.75 a close below that at 2 p.m this is again a four-hour time frame chart would signal move back to 15478 on the two-hour chart td9 count top the key level of support is being tested as we speak right now that's at 15822 now this candle closes at noon out there so close below that is going to suggest a further retracement that further retracement would say i want to target the 15552 so we got 15552 15478 15541 but really the key area we're going to still stick with is at 15751 that's still the bottom of the profile from that five-hour time frame chart i think if that fails that tells us that we should expect or anticipate you know at least a two-day pullback and right here the last rally that we had was two consecutive moves to the upside we haven't seen two consecutive moves to the downside that sits october 26 that was a low inside the nq steve roge with tfn we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn 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 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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 folks so i'd question that dan had on ebay as well was about the weekly chart and the question was this going to form a t you know it hasn't formed a td9 count bottom we sort of answered that the only way it's going to form a td9 count bottom is based upon tomorrow's close again dan and that means that it needs to close below 40 76 if it does you've got a bottom what you also know is you've got that significant resistance at that oscillator and change that and brett sold his long position inside the russell 2000 and is looking for a reentry so right now brett we're going to go with that two-day pullback that says you know let's take a look at it perhaps tomorrow if i'm able to do the show or on monday us for sure so let's go to the next request that came in this is from dentists inside the tigers den dentists from west ball beach once they click at apple so in the case of apple apple has a td9 count top now that td9 count top formed on the trading day of november 14th now the high of that is 188 11 yesterday's close was below 188 11 today we're trading above 188 11 so in other words what apple is about to do potentially is negated td9 count top again it'll accomplish that negation if you will with a close today above 188 11 so i know that dentists you were asking about the short term time frame charts what you first need to i think focus on is the daily time frame chart to see what kind of signal it's going to generate for us now there's an a to b equal cd pattern to the upside and that would suggest that this would then need a bearish reversal candidate to confirm a sell the d-point pattern where price is targeting we can see prices now we can pull this back a little bit further prices tested and so far rejected this td9 count high for back out september 5th now the swing point had volume of 45 million shares so far today in about two hours of trading a little bit more than two hours trading 25 million so 25 million so far and that is going into 45 million so apple is pushing that swing point with volume even though so far it has rejected that high which is 189 98 now i don't know what volume is going to be at days and dentists but if this volume keeps up like that even though it's rejected that level that tells us that price will be back up there once again 189 98 now the next price projected level uh this outside of the a to b equal cd pattern out here for apple would be all the way up at 195 18 and 195 18 is the next td9 count breakdown resistance level so apple is 11 percent holding inside the ndx 100 the ndx 100 right now is off about four tens percent or 66 points out there if apple is able to maintain this pattern tells us that it's negating its td9 count top that sounds like a short-term positive and kind of adds the idea of maybe a two-day pullback out here inside of the markets although apple hasn't had any kind of two-day not a pullback at all so right now we're going to go with 195 18 assuming that apple negates that td9 count top if we look at the weekly time frame chart the weekly time frame chart basically shows just about a garterly by pattern i say just about because price didn't make it all the way down to that d point that one to one area but what we do know regardless of whether it formed a garterly by pattern or not prices above the top of its profile closed above it last week the second closed by but this week is bullish you were trading above the top of of last week's high that's also bullish there's no profile resistance out here the next level resistance is really up at its all-time high out here for apple and it's uh the swing point that is going into was the swing point from july 21st there was 310 million shares now we're only you know three and a half three in a couple hours worth of trading but 183 million shares versus 310 and yesterday this did volume of 300 no oh that's on a weekly basis sorry i should go to the daily chart out here so daily chart yesterday 53 million shares so if we have 53 we're at about 180 that gets us maybe so we're around 240 let's say or so give or take yeah so you're going to come in light volume no matter what but if price is able to close inside that swing point that's another thing to be looking for Dennis and to close inside there you need to close above 191 23 if it can do that that would be also another short term positive on the monthly chart apple is trading into its resistance zone that's between 186 85 and 198 23 now you asked about the short term time frame charts as well so let's look at a 30 minute chart a 30 minute chart for apple shows a confirmed rogement to indicator top now the signal is somewhat neutralized the reason that is neutralized Dennis because price is trading above the top of that profile if it's only a counter trend move that 30 minute profile unless another one forms here short of that because that was a bare structured 30 minute profile if it's only a counter trend move to the downside price should find support between 188 13 and 188 36 out there so you do have a short term top that's on the 30 minute we can change the asset and change that will not be correct but i can change this to a 65 minute chart just see what that is doing if there's any kind of signals the 65 minute chart and this bar here is going to complete at 1140 already did complete this is a i must have still a little bit of a delay here that'd be a seven minute delay that's a heck of a delay this does show a rogement to indicator top here and that's also above profile so its signal is somewhat neutralized as well let's try on a real short term base let's try on a 15 minute chart see what we have out here for apple and so for apple the 15 minute rogement to indicator bottom so here's the key level of support you and i found it dentists and that's this uh rogement and that is the td9 count breakout level 187 80 and yesterday at the close that's where price pulled back to and we can see that it gapped up off of that so we're going to make 187 80 on a short term time frame your key level to be watching and observing for the rest of the day so hope that helps out with regard to apple let's see are there any other requests out here i'll check the phones phone lines i don't see anything on the phone lines out there so let's look at a couple other instruments out here and i forget which ones let me open up the newsletter let's see if i can do that real quickly i believe five of the top eight still had well that didn't work oh i need to do this uh daily newsletter i'm just trying to see i know i noted it inside the daily newsletter which of those in which of those maybe i didn't i covered that so i'd have to put up all uh no i didn't write it down if i did oh uh no let's take a look at some of the instruments inside of the semiconductor index out here so amd negated it's uh intel wants for the rally qualcomm let's take a look at qualcomm so q com see if this has uh i believe that qualcomm does not have a top out here but let me see here see what today's activity is showing us out here yeah so qualcomm negated a td nine count top that still wants to move higher out there and that's one of the top eight holdings inside the semiconductors amd um i negated a td nine count top yesterday let's just for the heck of it let's see what amd is doing here this morning we got the semis that are trading back out just barely three tenths of a percent just 12 points out here so you know we're not going to see any kind of i don't think we're going to see any kind of a top until we see a uh until we see the uh semiconductors top out here and that's not a signal that we're getting as we speak today out there so what else can we go take a look at um let's go take a look at silver silver uh is trade above the top of that profile let's get back to those shorter term time frame charts let's populate silver uh eight different charts out here in december of 2023 let's get a feel for what silver is doing we know we asked about yeah we could take a look at wheat uh tool we get back to this break here rile get the uh i know you want to take a look at weat do you know what the two active contracts are in that uh please um but if we take a look at silver you can see silver running into on a daily basis td nine count breakdown resistance so that is at the level of 23.925 if we close above that that would be a bullish outcome for silver otherwise resistance will have held you don't know we got to know that if we're going to really analyze weat there's no doubt about that see roads with tfnn we'll be right back you might think that if you want to be successful 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contract and it's 35% holding for the december 2024 contract so those are the ones that you need to be paying attention to i would kind of ignore weat that chart for any kind of signals instead i would be taking a look at each of these three charts out here now what they're each doing is they're each testing their prior swing point lows out here so the march 2024 contract that swing point low is down at 571 75 i don't think we've hit that today we've gotten down to 575 so price as long as price remains inside that swing point and below that red oscillator and change line that's what it wants to do i'm not saying that's going to form a bottom i'm saying it wants to go test that low in the case of the may 2024 contract price already tested that level it's uh september 29th swing point low and that's down at 593 now we got down to a low today of 591 50 we've tested and we've we've rejected that but it's also triggered a rose with the indicator signal so what you're looking for here rye at least on the may 2024 contract is a bullish reversal candle to confirm a bottom now you still have battles you know profile battles also done change line battles and so forth but that would be the bottom signal in the case of december of 2024 the swing point is testing to september of 29 september 29th that is that low of 646 you are you're trading below 646 today so if you trade below 646 this tells us it wants lower price out there where are those lower prices at that i don't know i don't have a topping signal there's probably there's an a to b equal cd to the downside so i'd be looking for the next bullish reversal candle so right now stay away from weat and make sure you monitor the march the may and the december 2024 contracts if you're going to trade that vehicle folks stay tuned for all the great programming i'm going to do my best to be back here tomorrow at 11 if i can't i'm going to try for 8am and have a terrific thursday take care folks