 Mr. Steve Rhodes as we do each and every Monday at twenty past the hour and don't forget folks Steve has an outstanding show every trading day right here one to two Eastern standard time also great newsletter mastering probability now it's very easy to get the Steve's newsletter folks over to our website at TFN and you're gonna see it right under featured content you just hit mastering probability you hit subscribe you can get mastering probability for one month for a hundred and forty nine dollars you can get it for six months six ninety five which is a savings of a hundred ninety nine dollars or twenty two percent you get it for a year for eleven ninety five which is the savings of five hundred ninety three dollars or thirty three percent now they all come with a thirty eight money back guarantee folks over the bottom line come over check it out it works for you great it doesn't work for you for some reason you get your money back you get everything to win and zero to lose Steve Rhodes what's going on well I think it's going to be rocking and rolling in Boston tomorrow night at eight oh five p.m. actually probably before then but that's that's the playoff game between the Yankees in Boston yes and that's that should be we should we should get it we should get a couple tickets time and fly up on your plane up there and go catch the game that would be a beautiful thing we could find my plane I like exactly and then how about how about you know Tampa going to three and one I know and you've got the Patriots at one and three yeah and now you talk about a nail by the man that was a trip in general you know absolute city right and it hits the you didn't see it folks it hit the goalposts at the end I mean I'm glad Brady won and glad Tampa won but guess it was you know I guess it's in the cards that's one of those that's okay man I guess it's been difficult to I mean I have to imagine you were a Patriots fan oh yeah really yeah so but you just a fan of both teams but you just pull more for Tampa at this stage or it is I do it's like you can't really lose right no it blows my mind that they blew it up there and then he comes here okay Brady's amazing I mean he's just a great guy too so it's like you know all in all that yeah I mean you know give me a break man I'll follow Brady wherever he goes well you know I I love my homes too man I just like I mean I the I well that's what I like how they play I like when they move out of the pockets and you know I mean it's a whole different ball game yeah great crop of quarterbacks yeah there yeah really a great crop right well you know it's cool we're talking about it's just like the New York crop of golf is that coming up man these oh yes it's just there's just a lot of talent out here which is really awesome man yeah yeah absolutely absolutely let's take a look at the building blocks or a couple of the building blocks of the markets here and first just start out by trying to understand the bigger picture what might be going on so we're going to focus here you can curse ago and one of those building blocks are the TAS market profiles and those are the colors that you see on the screen there so we take a look at TAS market profiles they help us to identify buyers sellers and we're both buyers and sellers believe prices fairly valued within the profile so right up here we can see there's a new profile this form this is the Dow equity future contract this sports quarterly time frame again we're taking a big picture view oh shoot the charts are my apology out there so I started the stop this year in here let's see if I can get the right screen there we go so now let's get the right screen and and so just start back here we have so just start back so the building blocks folks that I'm talking about right now are the TAS market profiles and those TAS market profiles they help us to identify sellers they're at the top of the profile on this chart here they're at the top of this little red line and there's a brand new profile for the quarterly time frame so again just take a look at a bigger picture here for the Dow both buyers and sellers reside at the center of a profile so that's this little yellow line that I've got and very much and at the bottom of the profile the green line that's where buyers reside so it's cool about this we know that there's sellers are just sitting out at the thirty five four thirty one level buyers are sitting down at twenty two eight eleven I'm not saying price is going to get down there but if it did that's a potential buy point and then both buyers and sellers believe with inside this range on a quarterly base that twenty eight thousand two nineteen is where price is fairly valid within that entire range okay when the center of the profile is closer to the bottom versus the top what that does for us is that generates a bullish structured profile and that means that as long as price stays with inside this level we should see price get up to the top of that profile and price close when this is the white little rectangle area that I've got yes you can see the lines it's very clear now the reason it's bullish and structures because at that center has both buyers and sellers but at the bottom it's just buyers out there so there's more buyers with inside that range and it should and price should hold that level doesn't always and when it does it gives us an important piece of information so bullish understanding bullish and bear structures really help us out in fact if we take a look at another another thing that is also important to look at is where do new profiles formed versus the prior profile and at this stage here we can see the new profile here has formed above the prior profile now what I mean about that folks is that the bottom is above the prior bottom the center is above the prior center and the top is above the prior top now that tells us that over the bigger picture from a quarterly standpoint that the trend is still bullish remains bullish if we take a look at the twenty twenty decline inside the Dow equity future contract what we're going to see is price came right back to the bottom of that profile that green line that was at seventeen thousand four seventy eight that was the bullish structured profile that we're just taking a look at no no we were looking at the bullish structure one before that this one too was bullish in structure so again larger picture with a new profile forming above the prior one says that the larger trend the bullish trend is still in place out there now our overall conclusion the bull market is alive in the proof of that will be a close above thirty five four thirty one that's that's where the sellers you'd like reside on the quarterly base so we're not there but if price does close above that that tells us truly that gives us the confirmation the bull run is going to go ahead and continue now the NQ has formed a new bearish structured quarterly profile so we've got the Dow with a bullish structured profile the NQ with a bearish structured profile in this case here the center of that profile is really key again buyers and sellers exist there if we see the NQ close below thirteen thousand eight seventy six that's going to suggest that price could push all the way down to the ninety three fourteen level we're not there yet but thirteen eight seventy eight is a real key level of support the ES itself has not formed any new quarterly profile so there's nothing new that I can share Tom with you or our listeners out here with regard to that but the bullish trend is still in place here for the yes many again we're talking bigger picture if we back things up we go to a weekly time frame we can see the Dow equity future contract weekly time frame it's slightly bearish in structure and this is what's really important is not where price is trading today this snapshot was taken several hours ago but where the close is on Friday we can see that last Friday's close was right on the center of that profile in that thirty four one eighty nine area but if we get a close below thirty four one eighty nine on a weekly basis this tells us that the Dow should or the YM should target the thirty two three twenty seven level from a daily standpoint we take a look at the Dow the real key level to be watching here is thirty three four seventy eight now on this white background chart here Tom I don't have my A to B equal CD tool so what I do is just simply draw a blue line from the eight point to the B point and then just simply take that exact same line figure out where that point is it so that just gives me the range of where the A to B equal CD pattern or currently by and the way that those form for me and get confirmed is with a bullish reversal candle and that was a three river morning star so thirty three four seventy eight is a real key level of support that's really important because we've just entered that favorable seasonal cycle so want to keep out an eye out for lows we'd like to see those occur with bottoming signals in all four equity future contracts so forty two ninety three seventy five is the key level for the Dow this we're looking at the daily time frame fourteen five thirty seven for the NQ thirty three four seventy eight for the YM in twenty one forty six for the Russell two nice update man the beautiful thing listen folks really easy get Steve's newsletter come over that website of TFNN as you come over you're gonna go right under featured content mastering probably in the right-hand side Steve have a great one safe one we look forward to show tomorrow tomorrow one thanks Tom stay right there folks come right back