 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes All now toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes The day folks welcome to the February 18th the fantastic Friday edition of today's Trader's 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's having a great day. Hey, let's make sure we have an extraordinary one of the easiest way to do that Well, it's to always remember that life is happening for us not to us That's right. We need to make that one little two-by-four shift Well, it means we can find the gift in every set of circumstance that life is going to toss at us and today you and I we're Going to go check on the circumstance of these markets We're going to go figure out what those bulls and bears what those buyers and sellers are communicating to you And I just passed eight o'clock in the morning. That's right. We're recording the show early So if you are listening live, we would love to hear from you You can give us call it 877-927-6648 if you're listening in between eight nine and you can't call it You can always send me an email send it to Steve at tfnn.com Send it early and in that subject heading if you'd be kind enough to put radio show question Of course in our Tigers general 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 less show right I've got all the us in these seas us equity futures. I should say our trading to the upside You've got the dow's up 158 points. She's trading at 34 387 NASDAQ 102 about seven tenths percent half percent for the ES Many that's up 23 points and the Russell's up 15 now all that was expected those of you that are longtime listeners to JP I don't know they're they may be having we we're having some trouble Earlier this morning technically speaking maybe turn into a tiger TV if you can and you should be able to see the charts I know they're trying to get those ready here inside the Tigers den so So they are up I would suggest going over to take a look at it on tiger TV but what I was about to say was Those of you that are longtime listeners of the show know that when we have a one-day rate of change in the spot Volatility mix above plus 10% that we typically see some type of bouncer bottom form overnight So what we're seeing in the markets here is normal what we're going to go try to do is interpret You know the upside potential what to look at that would suggest a further breakout in the downside potential a further breakdown Over an age last night markets were mixed. You had the Shanghai That was up 23 points and he came the hang saying we're off the hang saying was down 465 points nearly 2% Over in Europe this morning the DAX is trading lower and the footsie is trading higher gold's off 5 bucks silver is up 3 pennies Lights we crude she's trading out at 88 44. That's a buck. That's back a buck 60 That's our testing support. In fact, let's go from this set of Tables or charts out here. Let's actually go take a look at our nine panel market update chart good So you guys should have it in the Tigers den here momentarily and we've been when we've been when we You know, I'll eventually get this but when we do begin take a look at this nine panel chart It's just to give us a kind of a good overview what the markets are doing Then we'll go ahead and spend some time doing the deep dive into the details But here if we take a look in the upper left hand corner of the ES mini so right now You can see it's had a little rising trend line that price is trading just really right on it right now So you're below the center of its profile their support at 44 96 50 That's the weekly profile below that is the daily profile at 46 51 So really 46 51 is going to be a key number for you to be watching or observing tanny downside action Inside the ES mini to the upside. It's really going to be that descending trend line now today that descending trend line I'll give you an estimate of where that would take us to not saying that price is going to get up here But this would be the level of resistance about 45 20 or so So to the upside you're looking at 45 20 to the downside you're looking at 42 58 Now the spot follow tunics is rising. It's above its 50-day expense won't be never It's always problematic for the S&P 500 or the yes mini so anything that might spook the market It's really set to have a Fairly good drop to the downside if we take a look at the NQ a little bit like the ES It's trading right in so it's trading below the bottom of that new daily profile that form that completed really confirmed last not last two nights ago and But it's trading right into trend line support now It's below this is interesting because the weekly profile here just shifted it actually vanished So that's interesting very interesting in any event So at this stage here if price trades below this little rising trend line I'd say that's about the 14 060 ish level then that's going to suggest a run for the lows from January 24th Maybe even go ahead and try and take them out So you're right at a key level support for the NQ the US dollar index trading between support and resistance of rising trend lines Goldilocks closed above 1884 40 yesterday That was the B point of an A to B of a larger A to B equal CD the upside that a to B equal CD pattern has a price projection of 1956 silver trading into the top of its daily profile as well as trend line support It would be a little bit bullish not a little bit bullish will be bullish if you could close above 23 97 right now prices trading at 23 94 lights we'd crude which has a rogement to mitigate her top that was confirmed on February 15 Now prices pulled back to test the support level and the real support level here is the bottom of that profile That's an 8702 are low today so far has been 87 46 if prices trading below 87.02 you can expect a further decline Wow, Steve. Oh, thank you. We'll take a look at the lights We accrue charts and try to figure out where that further decline will take us to the case of natural gas It regained the bottom of its daily profile two days ago Tested it and rejected it yesterday stayed above it today. We're trading just slightly above This is suggesting as long as price can remain above four dollars and forty-eight cents This suggests they run to the four dollar and eighty four cent level in the case of the thirty-year Treasury That's a bottom right-hand panel chart price formed a rogement to mitigate her bottom It did that yesterday You you can't see that on the screen here because that's part of the white background charts So you have to trust me on that but what we can say is that price should go target that descending trend line That's going to be in about the 150 305 ish area So that's the overview of The markets as we speak right now Let's go take a tour of what's going on overseas So we're going to switch to some white background charts And so, you know the mere fact that markets were mixed one was up one was down and so forth What does it really mean? Well, the real meaning comes from interpreting the charts or the chart pattern So one of the chart patterns or one of the tools that you and I like to use is that oscillator and change line What is the oscillator and change line? It is a difference between the 39 and 19 period exponents moving average of the Advanced decline of the price oscillator out there And it's very helpful because when prices of so the lines either green or red when it's red It tells us a price auslater is below zero So it's sort of a bearish type can sit condition It's really more bearish if price is below the red line because then you have a falling price oscillator below zero We don't have that in Shanghai We have price trading above a red oscillator and change line That suggests at least testing the recent height price closed inside that recent I'm talking about the swing point from February 11th if price can take that out and that high by the way is 3638 15 you'll watch this Sunday evening that would then be setting up an a to b equal CDTEP side for the Shanghai The hang saying here is a green oscillator and change line price close below it What does that mean? That means that likely the most recent swing point That's one from February 15th should get tested and the price closed below that then we have a further retracement the Nikkei It's got a red oscillator and change line price close just above it And so that suggests you could get a further rally the Dax looks like it wants lower price It looks like it wants to go test. I think that's the 28th. That's the 28th. No February 14 It looks like it wants to go tag that at least the high of that swing point Steve Rhodes with TFN will be right back What's separating you from the most successful men and women on Wall Street? 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Hey, we are recording this show. It's 8 18 in the morning. If you listen at 1 18 in the afternoon Thanks so much for doing so we'll be back to normal programming on Tuesday Remember Monday is a holiday out here and so looking forward to a little bit of a extended weekend Now this is the chart here Whether you're listening at 1 8 18 in the morning or 1 18 in the afternoon It's gonna be the most important come days in and that is the weekly time frame chart Here's for the equity future contract now the upper right-hand corner. You've got the ES mini and on the ES mini I've got the red arrow pointed to a break of that's last February February 2020 I should say that was the break of the bottom of that profile And that was what led to a further move lower. That was a change in trend signal We actually had that same change in trend signal form out here the week that began January 17 as price closed below But then last week we have a new profile that formed for the ES mini and that level now is 43 31 So we always respect new support when it forms at bottom of a profile And I'm just showing you the bottoms of the profiles here that has to be respected if you see a close below 43 31 75 even though it says 85 on my screen can't trade to that level but 43 31 75 the price closes below that then you're gonna have another change in trend signal now The issue is you really to really get a change in trend signal You've got to take out or close below the lows from January 24th. So you've got two areas to watch you've got you've got the You've got the profile level that I gave you and then below that is 42 12 75 So let's just make it 42 12 75 the price closed below that level if you get that's that spelling some real trouble Now that real trouble is on a weekly basis. We could have an a to b equal CD to the downside that forms I'm not gonna type that in just yet because we don't have that But that's what it would turn into and that would certainly lead to lower price because the retracement was such a shallow retracement Out here inside the ES mini That would be likely more than a one-to-one a to b equal CD to the downside We don't have that just yet But that's the level that you want to watch now in the upper left-hand corner is the nq and all the way up through About I'm gonna say about a half an hour ago this ad a new weekly profile that was attempting to form It's not that it won't come back or can't come back, but it's not there and so that's really dangerous But the level of support now inside the nq is going to be that low from the 24th And if you see a close below 13 706 this is on the nq boy That's gonna spell some real trouble for it the Dow is testing or very close to testing the bottom of its weekly profile Which is 34171 actually the low is 34171. How about that and that occurred overnight? God loved we gotta love these profiles So you get it closed below 34171 Look at first is gonna suggest that you're at least gonna go test that low from the 24th Which in the case of the ym is 33 031 But if you close below that again, you'd have an a to b equal CD to the downside for the Russell 2000 I mean it's gonna take quite a move today to get below that area not that I can't that's 1932 oh to know the case the Russell 2000 a Way different dive a way different pattern than the ES the nq and the ym Can you spot it as you take a look at that chart in the lower right hand corner? Can you spot the unique difference here inside the Russell? You're right. Absolutely. Take a look at each of the weeks Higher lows that includes this week out there. So we've got markets that are giving Confusing signals out here. Nonetheless, it's 1932 oh to to the downside that you would be watching But really much like the other instruments It's really the low of the pattern that needs to get taken out That would be the a to b equal CD pattern and that low is 1890 to 40 So those are the numbers those are the levels to be watching Especially as you come into days in to then give you a feel for what's going on now We had talked about the bounce that is going on That was really generated by that spot ballatilics one-day rate of change above plus 10% so let's go check in on You know how we're going to do this we're going to do this by By switching over to our eight panel charts I think that's going to be the best way for you and I to review this don't have any calls or questions at this Stage that have come in by email So give me a moment just to get the charts set up for that change some screens here and momentarily You'll see our eight panel chart for the ES mini so that's where we're going to start the reason why we're going to start with the ES mini is because a Spot ballatilics is really dealing with the is dealing with the S&P futures out here So here's where we would expect to see the bottom pattern out here that would form overnight Well, the only bottom pattern that form here's the 30 minute time I'm going to go ahead and move it up to the upside out here The only bottom pattern that formed inside the ES mini last night came from the 60 minute time frame chart And that was a TD nine count bottom So let's open up this chart here those of you that are longtime listeners You know that what I'm about to say is just a repetition of what I say often when we go take a look at instruments And try to figure out what the market is communicating to us So this is where these market profiles really are so helpful to us. So as an example The you get a TD nine count bottom. I believe this was five o'clock last evening when this formed out here Yeah, 1700 hours save a TD nine count bottom So then that question becomes okay, you've got a valid bottom Where's price going to take us to so on the chart you're looking for the first level of resistance? Well, you can see that the first level of resistance Which is the red oscillator and change line here was tied right into the bottom of a profile that informed this profile form at 7 p.m. Last night price was below it at 7 p.m. Place was below it at 200 hours, what is that 12 8 p.m. Out there. So now you have two consecutive bars below the bottom of a bolder structured profile if I were to ask you, where is it that a counter trend move would run out of steam You would have answered that's easy Stevo. It's because you've taught us It's I it's likely going to be the center of that bullet structure profile Can't be the bottom, but it's likely going to be the center and look exactly what took place out here at midnight Price rallied right up in that level that level was 4407 50 That was it that was resistant. So we have the rally we have the The one-day rate of change rally that was supposed to take place out here that at least is done So it's done its job Whether we rally further throughout the day or not the the one-day rate of change has done its job and price inside The ES mini got right up to where it should have that was a resistance level if it was going to be Some type of breakout or further rally price would have closed about 40 40 750 So at this stage that profile is still in place out there This is more for the traders this morning that it is for at one o'clock I doubt that at 125 the same profile is gonna be here, but it could be well It'll be there if price heads lower. That's for sure because that's not gonna go away But right now what you would need to suggest some kind of rally into the end of the day So now this applies to 125 in the afternoon is a close above 44 24 75 if you got that then price should go Target the 44 64 level Likewise if we take out that TD 9 count bottom and price is trading into that swing point right now that low out There is 43 67 25 then we are headed lower headed lower to where excellent question the headed lower to where It's likely around the 40 to 58 area or the bottom that 24th candle session at the 42 12 range So we don't have anything else out here Insights no other bottoming patterns other than the 60-minute time frame chart So that's what you want to keep your eye on you want to keep your eye on the low from last evening out there and that low again Let me just give that to you again. That was at the 43 67 25 level near 43 70 as we speak right now Let's go take a look at them as long as we've done this So there's nothing else here that I can see that's worthwhile to point out Inside the ES mini charts, so let's switch over and go take a look at that in Q The NQ that no longer has that weekly profile in place out here And so we get back to this great. We'll go take a look at the NQ She's trained out at 14 159 or so and its bottoming signal came from the 30-minute time frame chart That was a rose momentum indicator signal We'll be right back Are you looking for a way to consistently add winning trades to your portfolio? 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So it was like, okay Is there really something to it or is this that just did and it turned out that for the most part that was really Just just it so but what's important really now about this chart Is it last night's activity or anything? It's this morning and what price is doing is testing the support level that was created by the roads Metamindicator signal. So that low out there 14128 75. I I don't know whether it's gonna get taken out or not it is support and And if it if it holds then we maybe bounce between this and and back up towards this 14299 This area if we close below that then the next level of potential support is a breakout area And that's at 14078 that's on the 30-minute time frame chart out there if that level were to break Then what we're looking at is the real key area to be watching inside of the NQ out here, and I'm not saying that we're gonna hit that is the 13462 25 level That is the weekly breakout. I know this is on the continuous contract out here It's only way for me to be able to get those levels But 13462 price were to close below that then what we'd be looking at is to move down to the 10942 area out there So that's the NQ's you're gonna want to watch last night's a low that gets taken out That says we've got lower prices coming. Let's go to a Brent in Martinez, California Brent Thanks much for joining us at 532 in the morning out there much appreciated. How are you doing this morning? Doing great Steve. Good morning to you Thank you. So yesterday, I can't recall we were you were looking at a was it yesterday the day before you were looking at Taking was a Walmart. Do we talk about we might have talked about that yesterday? I think right? It was I sent you an email on I guess it would have been Wednesday Yeah, and I decided just to wait for there is to come out what they did and then I Positioned that fact I sold out of it yesterday. Honestly. Yeah enough of a move it was like I Was up at least five dollars in the money From where I bought in so that's great. That's real How can I help you today? You're kind of going over what I hoped you would and thank you for giving me The weekly profiles be watching Okay, Dave and and then you've gone over of course already the ES and and touched on the NQ and I Yeah, I guess my observation from what you've been showing at least on the shorter term charts is that The bounce we've had which again, we kind of would expect from the VIX is yes I Considered to be kind of anemic. It wasn't very much. We'll see what happens throughout the day, but I person was kind of hoping more for what we're getting to have the thing I Just prefer to be Kidding into something more at the bottom of the balance It's a trickier because you don't know is you know We already are kind of seeing it somewhat stale in so that helps a little bit, but I just Yeah, if you can maybe look at the shorter term on I guess what's remaining the You know Russell and the YM and see if there's anything showing up there I think we're just gonna have to for me I'm just gonna be watching more throughout the day to see if we get some kind of a bottom But just get your thoughts on that. Sure. So let's go take a look at the rest at the at the Dow equity future contract It might I might have to wait for a break to pull up the Russell So Just because I don't have that set of charts up my screen doesn't matter right now, but specifically with regard to the Dow There are no I'm just looking here real quickly Brent So I'm looking at the right hand up a right hand panel chart 30 minute No bottoming pattern or anything that's been established there nothing that I see in the 60 minute nothing on the 120 Nothing on the 240. Well the 240 actually had a rogment and indicator bottom and that says Brent That if we see a close below that low, which is 34171 that pattern will have failed and we're 34148 right now now There's 240 minute bar doesn't close till 10 o'clock. So it really just began It's only 35 minutes into it But you know right now price is trading below that level of support out here And it's really the same level of support on the five-hour time frame chart now in the five-hour chart This bar is gonna end at 9 a.m. And that'll be bar number eight So that's the only so as we look through the interday charts out here thirty sixty one twenty two forty and 300 minute charts the only one with a potential bottoming signal at the moment is the five-hour time frame chart out there on A daily basis So we're trading back inside that swing point from January 24th Even if it's on lighter volume as long as price remains Below 34 410 the eye that the possibility of going and testing the blow of that session becomes very real for us We know on the ym. It's not shown here on this chart here Brent But the ym has additional support or profile support at 33 366 So that would likely if we take out the lows We take out these support levels that are trading below on the 240 and the 300 minute chart And we don't get any kind of TD9 Cal bottom until maybe two o'clock or the end of the trading Session today That's where price was likely a target the 33 366 level is there anything on these charts here that you're looking at that You have a question about that I can further answer You know, I think the only thing that kind of you know, I Recognize and at least seems to be the cases that were I seem I've already going below that level that was kind of the Where you we had the bounce and that's kind of failed at this point and so far we'll see what happens But so then that would indicate maybe lower price and then yeah, I'm just going to be watching So we'll have to have go through, you know more and more, you know time periods to get then potentially to a You know a TD count or something at that point. Yeah, what would what you'd have to do today? If I were I've got I've got to run out I've got a head over to the West Coast for a bit Today even if I were in front of my screens now we're trading today What I would be doing in instances like this is I'd be looking at the 5 10 15 You know 30 minute charts out there a different screen that what I've got here And I don't have that up on my on my system right now But that's what I would be be looking at out there for some additional signals But you know, we can't see on this set of charts out here And I'm just referring when I say the set of charts really if you look at the daily the 30 the 60 the 120 240 and 300 Prices below all those red oscillator and change lines And so those are the levels that price really needs to get above to suggest any Potential kind of rally out there because when you're when you are trading below red oscillator and change line folks It tells us we have a falling price oscillator below zero and those are bearish conditions And so you look for the next levels of support out there So Brent that that's what I see out here Is there anything else that I can I know you want to take a look at the Russell You know and during the break I'll get those up on my Screen on my I'll get those up and I can review them You know after this next break out here, but is there anything else that I can do for you Brent do we have Brent? Uh-oh sounds like we may have uh, we mission control. We may have a problem out here Brent Looks like we've lost you my apology have a Fantastic Friday a fantastic weekend. Thanks much for calling in see roads with tfm We're going to go out to new buffalo michigan after we get back for this break and speak with gary. 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That's tfnn.com then hit watch tiger tv Welcome back folks. Let's go out to a beautiful new buffalo michigan and speak with gary gary. Thanks for calling Thanks for holding and congrats to you on your Your trade your investment in new skin n us is a ticker symbol, and I believe that's where we're going to begin The morning. So how are you today? Okay, great steve. How are you doing? Very good. Thank you And uh, what a nice big free day weekend. I I definitely ready for that and we've got some really nice Really, you know, I don't want to step on brent. If you want to finish the iwm I think you wanted that. I mean, I'm sure everybody wants to hear that Yeah Sure, I'll fit that in after after after this call We're gonna have the time for it. So so no problem there And so new skin is one of gary's big holdings out here and just came out with earnings The other day two days ago and just a wide ranging bar Uh, you know that took out resistance took out trend line resistance on the daily time frame on the weekly time frame Trading above and you're looking for a close today above the top of the weekly profile, which is 54 67 Uh, you closed at 54 99 last night. You're trading the pre markets above that And then uh, your your next area of resistance is that 56 dollar even steven number. That is the uh week I'm sorry. That's the monthly profile. So if you close above that, uh, everything looks hunky dory But what questions can I help you with on new skin? Actually, I'm sure a lot of people are tired of hearing about it But I mean that is my baby and thank you and those are the two numbers I needed Um, and so thank you for that. I'll we can run with the other one talent here, which I'm looking for a bottom on But I'm also obviously I'm looking to do some a little more into the new skin when it breaks out to that top side on the other And and I'll call you back later on when they break those two numbers But I'm talent here. I've got them I got out the day before earnings on my short term today So I did well, uh, but um, I um I'm I'm holding leaps a year and two years out And I'm looking to add to the two year out leaps and maybe move it even down closer to where it's at now But I'm looking for a bottom on it if there is one in your mind and some targets No, I don't see a bottom So yesterday yet and the reason why I say that is yesterday So what yesterday did was it took out the low from the 24th? You know a pretty significant low for most of the markets now there was 110 million shares at that low Yesterday you took it out with 151 million shares So this says it comes all the way back to the IPO From back in september of 2020 and might be targeting the 894 to 1142 Level out there. Now, that's before we look at our white background chart So we're going to pull those over here because this is where we would spot Some type of bottom pattern and what yesterday's action did in addition to taking out a swing point with volume But what it also did was a triggered erosement dominicator signal Now, I don't know what that signal is going to continue on as price heads lower But if you did get a bullish reversal candle Gary, then you would have a rosement dominicator bottom Signal out there and that's what the daily chart shows me just looking for any kind of signals on the weekly I've got nothing on the monthly. I've got nothing So yesterday's action says lower price And if you get a bullish reversal candle, you know, then let's come back to it Otherwise, I think this you're going to be able to step into Palantir at the lower price where it closed last night to 1177 Yeah, that's fine. And that's what I'm looking for and I'm looking, you know Two years out of this and it would be a huge difference But it definitely everything is relative For somebody because I'm going to be sending this around to a lot of people My question is could you describe what a bullish reversal candle is for I think I know but for just people that won't know Well, there's really about five different bullish reversal candles that I use The bullish engulfing candle and the bullish engulfing candle market has to be moving lower And then the body of the candle has to engulf. That's why it's called an engulfing It just has to engulf the prior body So we had a bullish engulfing in Palantir on February 20 on February 8th out there And that's because that engulfed the prior body's session now inside a bullish engulfing candle It's a low of the bars That the that have been engulfed that become the support level in this case here For Palantir that was a low of February 8th and that was at 1262. There's another hammer There's another candle that we would use that would be called the hammer candle in the case of Palantir This generated a hammer candle that confirmed erosement to indicator bottom that did that on January 10th Um, you have to have a market that is moving lower in order to generate a hammer candle And the hammer candle you've got a small real body at the top very small wick if any Above that and then a wick down below that is at least two times the size of the uh, body of the candle session Uh, in this case here that erosement to indicator bottom did what it was supposed to do It identified the bottom and then price ran right up in the support Which was the top of its profile in about the 1750 area back on November 12th So you've got the bullish engulfing candle. You've got the hammer candle. You've got a bull sash candle I'm just looking out here to see if I can find one so that people can see it Out here. I don't know in a bull sash or a bear sash candle You don't need to have a trend that's in place. So for example, here's a bull sash candle And that's on December 21st out here And so this opens up inside the body of a down candle and closes above the high of that set Creates that little bull sash out there Um, so you've got that you've got the three river morning star pattern out here That's what took place on the trading day of december the seventh out there That requires at least three bars. Sometimes it's more than three bars out there Price gave us that bottoming signal But price ran also into that red oscillator and change line. It didn't close above it Uh, and then there would be the gap to the upside. So those would be the five Different there and there would be the six there would be the bull's separating candle So, uh, it's not so a bullish reversal candle folks is not just a green bodied candle It has to be one of those five and I teach that to subscribers. There's a workshop that'll go through. There's really seven um, seven bullish Candles that you need to understand and once you understand those then you will understand the opposite Uh, you all you have to learn is seven candles. So you've got seven bullish and seven bearish candles really and uh, those are all taught There's a hour workshop and it's really a couple different hours where I talk about the candles So gary, I hope that that helps you out. Did that answer your question? It did steven Then I was hoping you were going to lead into that because that's what I where I learned it from your newsletter So, uh, okay, um, I appreciate though educating everybody else That's going to be on this call that uh, we'll listen to this call today And thanks for all your you know, you're working your education and then just being a great guy So make it a great weekend. Okay, you bet you and you do the same That's gary a new buffalo michigan and the folks that so, you know, learning the candlesticks is helpful Um, but where they really come in handy It's not during the middle of a move where they really come in handy Is uh at the end of a move at the at the end of a pattern. What kind of pattern are we talking about? Well, the road's meant to mindicator signal I teach that as well the td9 counts that is helpful the a to b equals cd pattern That sets that typically set up gertley buys or butterfly buy and sell patterns out there So it's really at the end of the pattern. So whatever pattern it is that you trade out there You'll find it very helpful to learn the different Now there's a ton of bolusher bearish reversal candles I've nailed it down to really the seven only seven that you have to relook at They give you the best signals to identify a top or a bottom out there So it looks like we might have john and philly on the line. Is that do we have john and philly? Good morning steve. Can you hear me? I can john my apology. I didn't realize you were on the line there a lot was blabbering And I know you want to take a look at silver We're going to go to a break here in about 10 seconds But can you give me the feel for what you're calling about and then we'll come back and we'll finish it off Your artwork, please including overhead resistance levels that might restrain the rally You got it. We'll be back folks after this break. We're going to go take a look at silver with john in philly The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn Educating investors are you having fun trading the markets? 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That's tfnn.com and hit watch tiger tv Welcome back folks. We're taking it's over with john and philly and john specific questions He wants two levels one or two levels of resistance overhead that he needs to keep an eye on and that's an easy question to answer folks And those two levels the first one is 24 015 john That is the high from february 15th the reason is because that was a td9 count And that's the level that's being attacked right now if price closes above that area Then that pattern will get negated and suggest a further move higher No, there's a set of profiles on this white background set of charts John that are different than the profiles on my black background set of charts You and i've had this discussion before both are valid the second level then would be 24 13 And the reason is because this is a bullet structure profile for the daily time frame on the white background charts Price was is created below it for quite a period of time out there And that is where a counter trend move would end So if price can close above 24 13 then you're off to the races back to the recent highs back to the 24 75 area Does that provide you with what you were looking for? All I need Steve. Thanks very much Avoid those uh alligator snafus on your drive today You got it. You got it. John. Thanks much for calling and much appreciated So we've got about a minute left to go in the show and thank you to everybody It's listening at one o'clock certainly those that have tuned in at eight this morning And just a quick check on things out here. Let me just see what the markets are doing Let's get back to my main screens out here Let's go see what the going on inside the futures marketplace So just a moment to get to that set of charts and so right now you've got a little bit of a mixed bag here You've got the dow equity futures down 18 the nasdaq's up 15 out there We've taken a look at the key levels for you to be watching or observing goals back three bucks right now Silver up by 12 pennies. So the nice thing about silver last night was I'm sorry early this morning about 6 6 30 This morning was prices pulled back that 23 70 that was a breakout level on the 30 minute chart And then had that nice bounce off of that. So uh folks stay tuned Uh, if you're listening at nine o'clock, uh, tom. Yo, brian is up next with the morning market kickoff and at one Your favorite polar bear david white. I'll be back with you tomorrow or tomorrow on tuesday. That's right We've got a holiday on monday So i'll be back with you on terrific tuesday. Have a fantastic weekend folks. Thanks so much for joining me Building wealth trading in the stock market seems impossible to most people They think it's too volatile and risky Most people aren't going to take the time to educate themselves on how to do it right But you're not most people. Are you at tfnn? 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