 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good afternoon folks. Welcome to the January 19th The wonderful Wednesday edition of today's Traders Edge show. I'm your host TV 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 and 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 ship 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 the bulls and bears what these buyers and sellers are communicating to you and I it just Passed one o'clock in the afternoon. I do want you know, I'm absolutely grateful for your presence here But more important than that and that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone You can dial on it at 877-927-6648 if you can't dial in we've got you cover there, too You can always send me an email send it to Steve at tfnn.com And inside that subject heading if you would be kind enough to put radio show question Of course in our Tigers then well any and every ping will do so let's go ahead and get this show started a wonderful Wednesday Of course, this is Tiger financial news network. I'm Steve Rhodes Welcome to let's show a mixed bag out here the Dow up 60 the S&P up 16 the Nasdaq 92 The Russell's down six the semis are off 40 the trainees are down 18 New York Stock Exchange up 36. You've got gold up $29 she's trading out at 1841 Silver's up 72 pence cents trading out at 24 21 lights recruit up a buck 62 Negated his TD 9 count from yesterday. That's a strong moment to move to the upside Natural gas pulling back a bit lead the charge dollar wise the upside You've got Google 38 bucks Shopify 28 booking holdings 24 Palo Alto Networks 21. That's 4% there And to it is up 18 bucks three and a half percent to the downside lamb research 21 bucks 3% Tesla's off 15 one and a half percent SVB financial 2% or 13 bucks Clearfield ink up 9 bucks or 14% and shockwave is down 5% or 8 buck Rooney's but we've got a our first caller and it is Brent in Martinez, California Brent. Thanks for calling. Thanks for holding How are you doing today? I'm doing great. Do you thank you for taking the call my pleasure. Is it gold the metal or Barrett gold that we're gonna take a look at It's Barrett gold, but if you don't mind, I'd like to just follow up on our conversation. We had on Friday I didn't really have a chance to call yesterday Sure, but I called you that morning and you know, we talked about the well that NASDAQ, but I just do the triple queues Yes, and the the options, you know, again, it was on a Friday and so the It's out that day left and so the premium is pretty much out of them and I had a Good trade right out of the gate, you know morning that one ran up to You know about 380. I think when I bought it was about 375 and you know Had a hundred percent deal on that one. It was pretty much thought I was done for the day I went out to care some errands to my hike, you know some things I do Yes, sir in the first part of the day and then came back and Matter of fact, you had your show going for around 1030. I saw the NASDAQ back down again You know over a hundred points and yes And I was able to pick up those ones, you know, because half the day now was gone So those were even cheaper right and those ones end up being a 300% gain to the upside And so yeah, there was some good and good trades that day, you know There's some good back and forth and good volatility, which is nice on the Friday. Yes. Yes. Oh, that's great great great great perfect perfect Anything that I could help you with there as long as you were talking about the NQs or anything Or should we just go straight on to bear gold? Yeah, I just wanted to talk to you Because we had you know had that conversation that morning and I'm sure you could have done some trades back The other way too. I didn't do anything on the put side was doing the calls Yeah, we definitely have a two-way market, so it just depends on the time frames, you know that you're trading You know even today even last night You know yesterday was nice because we had that one day rate of change above plus 10% in that spot volatility Knicks and we know that that usually gives us a nice trade setup and in fact it did and the trade tried setting up when the Markets in Asia opened last night and then it gave it up and I kind of suspected that we'd have to wait until Europe open and that's really when the bottom came in in the market around 3 3 30 this morning So you you might have been up at that time probably know that just midnight for you out there So I actually had set my alarm to get up to three o'clock to come down and take a look at what was going on so In any event it's So we had that nice one day rate of change the question is is today just a bounce or is it a bottom out there? And during the show, we'll try to figure that out Yeah, so on a GLLD that's bear gold is what I am calling about and I just I think it might have already It took out that swing point it's going to deal with vomiting it started exceeded it near whatever 10 o'clock and and uh, but uh I do think it's actually parted If it completed the 1 to 1 there's a couple abc's in there, but off exactly It just depends on what you need to be a CD pattern you want to use that's that's really the the issue out here So this is probably the one that you're thinking of that just completed. So I've got two of them It's actually more than completed Um, if I take a look at the small one the larger one Um, you know still has a little bit of a ways to go to get up to 2049 But you're definitely taking out that swing point with mucho grande volume You're already at 23 million shares and the swing point if I use the higher swing point It's got 23 million. I'm sorry. I'd had 11 million shares out there and another swing point had 20 million So yeah, you've got you know nice confirmed a to b equal cd patterns to the upside Um, as far as where its next price target is Uh, you know the again the larger a to b equal cd would take us to 2049 Chances are because price is moving along the inside path Let me let me try to get rid of these Patterns out here and put up the a to b equal cd that I really believe is in place out here And that's this one. So now we see the one-to-one target gets you to 2049 But I'm just going to expand out the daily time frame the way you come off of a c point really helps us to understand How whether this is likely to do more than a one-to-one a to b equal cd And this is an explosive move off of what I would use as the c point out here One of the reasons I would use that as yesterday's low as a c point Was because price had pulled back and it stayed above the top of that daily profile out there So You've got a strong move off of the off of the sc area out there You're really inside the left side of that c to d leg itself So this says that what we really should see barricade do is more than a one-to-one a to b equal cd The 1.272 expansion level gets us to 2104 2174 gets us the 1.618 and what's nice about that is as as price moves into the swing point from january 17th If it's moving in there with more than 18 million shares odds favor that we might get to that 2174 level out there From a profile standpoint the next level of resistance is going to be at 2379 That would be the bottom of its monthly profile But because it is a bearish structured Profile more likely than not where price would really target would be the center level and that's at about 2565 So that's kind of the big picture for barric gold out there And it's being confirmed by the gdx and pretty much many of the instruments say brent. We're I just noticed the clock We're about to go to a break So I didn't give you a chance to speak So do me a favor if you would hold on we'll come back. We'll take a look at barric gold Answer any questions that have about it or anything else This is steve rhodes with brent in martinis, california. We'll be back in about four minutes steve rhodes started his trading career as a student almost 20 years ago And the student has now become the master steve won the prestigious timer of the year award in 2018 And barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors What's separating you from the most successful men and women on wall street? 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We're taking a good bear at goal with Brent in Martinez, California I did open up the daily white background chart for us Brent and the next level of resistance Where the price target is at 2099. That's a td9 count breakdown area. So a close above that Would be a another bullish outcome. So what questions Can I answer for your information that can provide to you for bear a goal that we haven't already discussed? I just know for me when I saw this stock it I was already in a u and gfi and Those had made real nice runs and this one was still like down I mean it looked at charts. They went in and like each other and and here. This is probably I'm pretty sure it's the second biggest gold, you know, yes Minor out there. Yes, you know, it was like a hundred month Yeah, and they had bought, you know Wrangler resources just so everything seemed about it seemed like it was a good place to be trying to buy it I did that the lows and I mean that's kind of taken off But I guess the one thing I would ask of you is if we do have some kind of a pause what levels Back the other way would be support, you know, just to be watching So because we're above profile levels, the only thing that I would have Is where we started the day off, which is about 18 77 So I don't see that taking place On the daily chart. So the what we'd really have to do Brent is probably go to some short-term time frame charts So for example, there's a 30 minute chart and you could get a TD 9 count that would complete So you're in bar eight right now. So take us to 130. So By 230 if price is able to overcome the current high, which is bar number seven at 2019 Then we would have a valid TD 9 count that that coder should form for the 30 minute time frame And there we could see a pull back to to its oscillator and change line, which right now is printed about 1959 So I think 1959 is more realistic than pulling back to 18 77 out there But that's what I would be doing is looking at the short-term time frame charts The only one with a topping signal is the 30 minutes. So that's what I would be, you know, focused on out there on some type of retracement That's fantastic Steve. I appreciate it so much. That's really what I was looking for There'd be something yeah, maybe not way down. We were talking about but somewhere along the way You know that might you know the tendency to go back to who knows if it's even going to do that But I'll be watching that as well. So yeah, yeah, exactly Have yourself a wonderful day and and uh, I'm sure I'll talk to you soon Sounds great. Thanks for calling that was Brent in Martinez, California And now we're going to go out to sarah sodan speak with ray. Thanks for calling. Thanks for holding. How are you doing today? I'm doing well Excellent Thanks for taking my call Sure, you want to take like a kinder morgan, I believe Yep, I've got two stocks kinder morgan and the other one is vermilion energy. Okay So let's start with kinder morgan. Uh, tell the folks what you're doing how I can best help you Uh, I've got a core position now in kinder morgan, which I've had for some time And uh, I'm just uh, really interested in knowing where it's going from here. I've sold uh All options against part of the position And uh, I'm looking to maybe buy some shares to trade Okay So, uh, first if I take a look at ray just the profile levels right now Prices dip back inside its daily profile the top of which is 1770 So if price does close below 1770 today It would suggest you could see a pullback to 1712 or 1655 Those would be the two numbers that I would be focused on there Now price is above the weekly profile above the monthly profile out there So what we really want to do here is go to my daily time frame chart And see if there's any other kind of signal information for us It has this form any kind of a top or where are we at? So yesterday it was bar number eight of a td9 count But in order to get an actual td9 count price would have to close today Above 1765 or it's 1750. So it looks to me like that td9 count may not come to fruition That doesn't mean that we don't pull back what I do see out here ran the daily time frame Is it's also that are in change line about six seven eight nine trading sessions ago A change colors went from red to green And when that happens that typically tells us that we will see price net line catch up to each other So that's at 1727 So the levels to be watching on a retracement now are going to be 1655 1713 and about 1727 As price pulls back a little bit that number could change by a penny or two But that's what I'd be looking at on the daily time frame for kinder morgan real quickly Let me just go to the weekly chart the weekly chart shows that resistance was at 1798 And that looks like the high of this week so far has been 1798 how about that so 1798 happens to represent so I like the idea you've got a core position This has a nice td9 count bottom for its weekly time frame I believe there's an actual island bottom on the daily time frame chart as well So you've got two real nice signals But uh, whether you knew it or not price ran up to that resistance level of 1798 And that says that price here on the weekly basis could pull back to about the 1680 level So I know I've given you a couple of different numbers out there the question is which one You know is the correct one I wish I had the answer to that I don't would really have to take a look at what's as price would be pulling back in that area We'd have to go take a look at what's going on on a short term time frame chart like a 30 or a 65 minute But for the most part, I would expect you would see this pull back to between 1680 1655 1713 and around 1727 Does that help you out or does that confuse the heck out of you? I know that that's that's very helpful You know another reason I like the stock is because it yields over Six percent and it's got a really solid cash flow. So Uh, you know, it's uh, it's it's been a stock I've been familiar with for some time Well, it looks it looks it looks it looks good and and congratulations on I'm staying with it and and sticking with it And so it looks looks really good to me at least at this stage of the game out there Good, you know, the other stock is bet it doesn't pay a dividend, but it's got a Uh, really really strong earnings, you know, and a very low pe and it's it's kind of been on a On a real good move this year Yeah, so we take the site as to where that might be heading. Yeah, so my core position. I've already sold options Call options against my position, but I am Uh thinking about picking up uh more shares on a pullback So you've got a uh, I'm going to take a look at the large eight. So this also has an island bottom So both v et and kinder morgan had nice island bottom patterns out there Wish I'd seen those when they had formed, but that's what I'm going to use my a point out here ray Which is the low from the trading session of uh, november 26 and for the b point I'll come all the way up here to the high on december 28th And then the retracement down into support the uh center of its uh bullet structured profile on december 31st So the one in this the the b point was passed with volume Prices is trading along the left side of that c to d leg So price should be able to make its way to 17 57 18 99 Those would be the next price target areas Uh, but before that happens It looks like this will confirm a td nine count top today bar number nine should form Price is trading at 15 61 and as long as price closed above 1492 you'll get bar number nine today now This may be just a very slight pullback. It's a strong momentum stock at this stage here And so that pullback ray may just take it at 1506 But the daily is going to form a topping signal price were to get below 1506 Yeah, that could open up the door for 13 14 as an example So I think you'd want to you know just watch that level out there I don't have any kind of a topping signal on the weekly time frame other than price at 16 38 Gets right into the resistance area. That's a td nine count breakdown resistance. So do me a favor if you would ray We're about to head to a break here and I want to be able to answer your questions So hold on through the break. We'll come back and that's what we'll do with ray in Sarasota Fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community educating investors You could be making money off the stock market And if you're already making money off the stock market, you could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn 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 trader's methodology Using this first of its kind program the art of timing the trade chart allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf 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 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 folks we're online with ray in sirasota or take a look at ticker symbol vet. Hey, by the way, ray One of our dinners, uh, you probably know this but they release their earnings After the bell this evening kinder morgan that is but like kinder morgan It ran into resistance, uh at the uh td9 count breakdown resistance level on its weekly time frame That in essence is where prices trading into right now for vet At 1638 is the number and the actual high for the day is 16 27 so it's running into a resistance level Uh, so I shared with you a bunch of information. What questions did that pose for you that I can try to help answer Well, what's helpful is uh giving me an idea where the pullback will be because i'm i'm looking to add to my position and uh 15 $15 was the last time I I bought any shares at all Okay, i'm i'm hoping it gets back down there so I can add to the position Okay, yeah, I mean at this stage here. That's what I would be looking for now The other thing I would do is just look for for some short term time frame And see if there's some kind of bottoming signal as price pulls back to that level should have pulled back to that 1506 area, but that's what it says for us right now as we take a look at the charts out here. Okay Excellent excellent big big help. Thank you very much, Steve My pleasure is always thanks so much for calling. Thanks for listening to the show that was Ray in Sarasota So we've got about five questions that have come in So let's get to those because I don't want to fall too far behind on that This one coming in from david in tom ball, texas. He wants to take like a slumber's jay And so let's do that out here. I also wanted to look at the crude oil contract I'm just going to switch over to this chart right here and just simply expand this out And there's an a to b equal cd and light inside of light sweet crude It's already made the one to two level But yesterday was the td9 count top and it depends on whether or not price trades or closes above yesterday's side Which is 86 63 Right now we're at 86 58. So watch the 86 63 level if price closes below that Then the td9 count top has held and we may see a retracement or a pullback inside of light sweet crude So I'll just share that with you. You wanted to take a look at slb I'm just going to go to my white background charts here And I get its signals away. I can try to expedite things a little bit I don't see any kind of a oh, this is the weekly chart. Let's just start with the daily First out here. So we take a look at the daily chart for slb Interesting. So this looks just like the last two stocks that we looked at You've got however in this case, you've got a td9 count that should complete today It will complete today david as long as price closes above 36 45 you're 37 24 right now So this would suggest to me that price will make its way back to its oscillator and changeline. That's at 35 70 If price did I wouldn't be surprised to see it spike If in fact this occurs to see it spike 35 12 because this is a bearish structure daily profile Price closed above yesterday in the day before So if it's just a counter trend move to the downside That 35 12 should be where you would see a Where you should see this bottom if price closed below 35 12 Then that's not the case and you see would see pull price pull back to about 33 13 The weekly time frame chart does not have a bottom of prices approaching its breakdown level of 39 97 So that kind of supports what we looked at on the daily time frame the monthly time frame price is dealing with trying to take out Its td9 count top now on a monthly basis in order to do that you need to see a close above 36 87 We're 37 28 right now, but no idea what it's going to be at the end of the month So right now slumber j looks like it's getting ready to form a td9 count top The next level the the first level of support would really be about that 35 is 70 level So david I hope that helps you out. Thanks much for writing in and have a wonderful Wednesday the next question coming in from david j and david says could you please take a look at the At tgb as a short-term trade love your show and i'm a fan. Well, thank you. Appreciate that So let's go take a look at to saco minds out here. Let me get to the three time frame charts under tgb And uh, the reason i'm doing that is oh, actually I do have it started on the white background Okay, so let me let me just go to this. It'll be a little bit more efficient For all of us. I hope and uh with regard to Tgb, so what is this doing? It's really consolidating with inside its daily profile And that's between the range of 201 or thereabouts and 215 or thereabouts So I just see a sideways consolidation Inside of tgb on a daily time frame the weekly chart for us tells us what Weekly chart tells us that price right now on a weekly basis is taking on that green oscillator and change line We're at 212 and this isn't about what looks like 211 or maybe 210 211 is the number so we're over it by one penny I would say that david if price closes above 210 on a weekly basis. You should see 220 out there That's the top of the bearish structured weekly profile Now it would be a positive if you get price to close above 220 But that's going to be a resistance so we're 220 with resistance on the weekly the daily says 215 the consolidation Out there and on a monthly basis. It doesn't look that bad. You've got resistance. In fact looks pretty good You had a pullback price. You pulled back to that green oscillator and change line. It has held that level So 233 or 238 really is its resistance point out there. So with regard to slumber j I'm sorry not slumber j but tc tgb out here. You really just at this stage here I'd say you've got the consolidation pattern inside that daily time frame So david thanks so much for writing it in. I hope that helps you out and thanks again for being a Listener to the trader's ed show the next question coming in from eddie in bokeh ritone And eddie says can you do your deep dive on the indices? Uh, yeah, I will do that eddie If you have any time can you look at envidian apple? Let's go take a look at apple So apple at this stage here has held support and support being the bottom of a profile. I take that back It's the it's not the bottom of profile. It's the prior swing point Really apple is testing two swing points the swing point from january 10th that did 106 million you're only 53 million So price closed above 168 17 today eddie. You'll have a rejection of that swing point price also tested the swing point low from december 20th 107 million shares you are going to in that low out there was 167 46 today's low has been 167 32 So you would have a rejection of two swing points on lighter volume now Ideally eddie is price would get back inside the daily profile. It doesn't have to do that today That would just be the better option. That's at 169 65 But you get a rejection of a swing point. You can't bust into the downside Price should bust them to the upside that could take us all the way to 181 46 We'll take this one step at a time one day at a time. You might ask yourself Hey, steve, wait a minute here You're looking at a bull structure profile price of trading below that Usually you say a countertrend move would end at 172 60 the center Well, that's true But you need to get two consecutive closes below this 169 65 So if it does close below that today and does so tomorrow, then you're exactly right 172 60 would be the extent of the move out there So I'm going to go on to the other questions just to get through those and then assuming that we have time Which I believe we will I'll go do a deep dive through the equity futures Charts for you and really everybody else inside the tiger's den the next question comes in from Hector and patty. Hey Hector. How are you doing? Happy walley wednesday to you So you want to take a look at american tower corp and as on an abc down as a joint signs of a bottom Just yet. So let's do this here. I'm just going to look at the daily time frame for it Because that's where we would want to see the bottom. So right now now I've got I'm firing that up on my other screen out here. So right now. What do we know? We know there's an a to b equal. That's wrong a to b equal cd since the last time that we were out here drawing that in So the a to b equal cd on the weekly chart would look like this now And uh, this would show that the one to one level would take us to 240 408 not down there just yet But yes, it was closing or last week. I should say was close enough as price got down to a low of 240 609 We're going to a break here So that's going to you're asking is there any sign of a bottom? And that's we're going to go answer for you as soon as we get back at it I'm sorry Hector Hector and patty. We'll be right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's 727 329 83 22 call us today The technology around us is changing every day with so much happening that 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 in 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 at risk-free today with our 30-day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily smp biotech three times bull and bear etfs Visit direction investments.com Slash biotech 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 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding 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 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 So we're looking at amt american tower court for hector and patty And a hector specific question is just wondering is there any sign of a uh by the d point And uh, so you've got the a to b I've got both the a to b equal cd pattern in the daily and the weekly time frame out here And what you would need for that hector is you would need some type of bullish reversal candle And we don't have that as we speak at the moment So to ant to specifically answer your question Do we have on amt a by the d point pattern? The answer is no Now here's the danger about the a to b equal cd pattern both for the daily and the weekly remember We were talking about a to b equal cd patterns with brent I believe earlier the way you come off that c point is really important Well, if you just take a look at the weekly say a significant move lower around the inside left now on the a to b equal cd to the downside and This this suggests that this could be an expansion of an a to b equal cd to the downside With a likely price target in the 229 to 239 level. That's the bullish structured monthly profile level now There is a we should see a bounce out here. So, uh, as I say that and it looks like it wants to head lower out here It does have a td nine count bottom that formed two days ago And as long as that level holds what this would suggest is we could see a bounce up to the 260 53 ish type area. That's the bottom of the daily profile. That's where its oscillator and change line is hanging out So that's what it looks like. That would be negated if you saw a close below 246 0 9 So, um And if I go to a 30 minute time frame chart, oh, that's right. I put this on a different panel as well Just so so I could specifically do that for us It's on a 30 minute time frame You've got a rose meant to indicator signal. This would suggest to me Hector that if price can close above 250 250 163 Then you should see move to 256 41 or maybe 259. So if you do see that, you know I want you to keep that into context so to speak of what's going on on the weekly and the daily time frame out there So I'd be just be cautious with regard to american tower ticker symbol. There is amt The last question that does come in before we get to eddy's dive into the equity futures contracts come from jim p Uh, and oh, it's carlos. Okay. So did we reject the january 10th swing low on lighter volume on the n q You know to answer that question so everybody can else everybody else can do this I'm just going to look to the qq q series etf carlos and the answer there is As 144 in the afternoon the answer is yes The swing point that we're looking at january 10th out there in the q's had volume of 91 million shares 369 31 was that low you've tested that today You've so far done 51 million shares It looks like you're going to be light in the loafers and as long as light on volume as long as price Is able to close about 369 31 you have a test and rejection of a swing point now Let's also take a look at the q q e w q q E w that's the equal weighted version of this Ideally you'd like to see that test a swing point that same swing point. Okay, so here we've got it So that is january 10th that volume of 116 000 shares yesterday was a test and rejection of 49 000 shares Today you're at 59 000, but as long as price here closes above 109 86 the equal weight will then suggest that you have a bottom But where does that bottom take us? I would be watching the q q e w on any move higher This would be day number two below the bottom of its bowler structure daily profile And I would say if this is just a counter trend move and that's how we'd have to terminate at this stage of the game Price would find resistance at about 1268 that's looking at the q q e w Oftentimes we don't look at it, but really in times like this. We really need to so as I take a look. Let's look That's the old cues. Let's take a look at q q q Out here and see what its pattern looks like and so it too has a bearish structure daily profile So there you'd be looking for a counter trend rally to end at about 379 20 So yes, Carlos the answer is do we have a a test of the swing point on lighter volume? We do the question is where does price close as long as price closes above those swing points? Then you've got what I believe it is you are looking for so hope that helps you out Thanks so much for writing in and we'll look forward to another email from you in the future So now let's get to Eddie's request out here and since we were just on the cues Let's go continue to stay with those. Let's go take a look at the end cue We're going to take a look at our eight panel Market done our eight panel chart out here. So if you would be kind of just give me a moment I've got a little housekeeping. I've got to change screens get over there We should be here momentarily boom. Voila. There you go So in the case of the daily time frame chart what heck i'm sorry what Carlos was looking at was a swing point from October the 10th. Now that was a hammer candle And so if we were to see a close below that low that is at 15 152 That would be a bad news bearers out there But as long as price holds and a key level of support has held you're at 15 244 right now So at this stage, you know looks like it's going to hold on a five hour time frame chart You have a confirmed rogment to indicator bottom on a four hour chart confirm rogment to indicator bottom a 120 minute chart You've got a confirmed a to b equal c by the d-point pattern on the 60 minute chart confirm rogment to indicator signal 30 minute chart confirm rogment to indicator signal out here So all the intraday charts Carlos, even though this is what you were asking for or 80 Are generating signals certainly that the market is attempting to form some kind of bottom out here now What you'd really like to see for the end cue the proof in the pudding would be a close above 15 434 Then 15 585 if you get those then we typically see that countertrend rally Which in the case of the end cue oddly enough we took a look at The cues and a q q e w Well in the center of their profiles is where the countertrend rally should end Our oscillator and change line is in about the center of the end cues daily profile That's in about the 15 7 17 area. So that's where we should see a bounce run into resistance out there So eddy I hope that helps you out with regard to the end cues and what they're doing out here as well as carlos Who was take a look at the end cue to see if there was a rejection of that? December july 10th swing point which at this stage of the game there is so let's go from the end cue to the dowel As we take a look at the dowel charts out here again the same eight panel charts If we go take a look at the 30 minute chart you can see a nice td9 and rogment to indicator bottom On the 60 minute chart td9 rogment to indicator bottom the 120 minute chart out here. I don't know what we've got I don't uh, maybe let me just take a quick peek. See do we have a I'm sorry about that. Do we have a by the d-point the answer is it looks like we do The you might have a couple of them out here. So let's take a look at the long one So the long one i'm going to go just draw in the a to b and i'm just simply going to Take this line and move this over here. So they'll get perfect So yeah, you've got a confirmed a to b equal cd on the 120 minute time frame chart You have that same pattern on the 240 if you got on the 120 you've got on the 240 because that's got a bowl Bull sash candle that took place at six o'clock this morning and on the Five hour chart you'd have the same pattern, but you don't have the bullish reversal candle just yet The price is pulling back into support 35 one oh one should hold Out here and that is the five hour time frame chart for the a dow If we look at the daily time frame out here the daily time frame You know, it's kind of in limbo So I don't have a really great signal on the daily time frame force out here But the intraday charts are certainly giving the signals that it is trying to bottom attempting to bottom Let's go take a look at the es mini now. Well, actually let's look at the russell 2000 Since that's closest to where I'm at on my screens out here. So in the case of the russell 2000 30 minute you've got and so in the russell 2000. Here's what I would suggest I wouldn't consider taking a long trade or counter trend move until you saw some type of bullish reversal candle You can see how the daily time frame it has triggered that roge meant to mitigate her signal Prices below a hammer candle had to form down friday out there So that's why I say even though the intraday charts out here do show bottoming potential It's really the daily chart that I would wait on steve roge with tfnn would be right back 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 You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all For daily market overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30-day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you looking for a secured investment which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying one percent per year or one thousand dollars per 100 thousand dollars invested The target first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. 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There was really no signal There was kind of like in between You know support resistance But in the case of the es mini price has pulled back to test that 45 37 50 level And that is the td9 count breakout area. So now when we take a look at the 30 minute chart You see the roads meant to indicate or bottom td9 and the roads meant to indicate or bottom the 60 that's lower left Uh, I imagine you've got a buy the d-point on the 120 minute chart much like we took a look at with the nq So yeah, that that looks likely out here. So you've got a bottoming signal there Uh, you've got a 240 minute roads meant to indicate or bottom as you do with the five hour chart So all the intraday charts are when you pull back to a level of support a breakout level is certainly one of those areas 45 37 50 what you want to see is the intraday charts give you bottoming signals, right? I mean if we just stop we we sit back just for a moment And we say hey on a daily basis if we're going to see some turns in a market Where are we going to see those take place first? Voila, we get back to these intraday time periods out here and they really help us to Uh to generate that that information. So what it looks like to me. We've got a minute to go We should see some kind of a bottom Form, uh, maybe it's already formed out here and we should see some type of rally That takes us up to the oscillator and changeline levels in the case of the es mini that's at 46 90 least That's how i'm interpreting what the charts are communicating to you and i out there Back to gold just for a moment here. I switched over to a different Chart or set of charts out here. This is how gold is performing today in all the major currencies And what you can see is in terms of euros and pounds Price is broken through a descending trend line. So that's a positive on the case of yen needs to get up to about, um 21 142 or so to break that trend line out here I don't have a descending trend line in the case of us dollars But we know we have a confirmed a to b equal cd to the upside. So folks the show went quickly Thanks much for joining us today stay tuned You've got two more great hours your favorite polar bear david white is up next with the power trading hour Tom o bryan he'll take us on home and i'll be back with you on terrific thursday have a wonderful wednesday folks