 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, toll-free at 1-877-927-6648, or internationally at 727-873-7618. The Trader's Edge, now Steve Rhodes. Good morning folks, welcome to the August 18th, 17th, 18th, that is the August 17th edition of today's Trader's Edge show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. I hope everyone out there is having a great day. 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 shift, it means we can find the gift and every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this, during this next 53 minutes, I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you. You can dial on in at 877-927-6648. Now, if you can't tell, then we've got you covered there, too. You can always send me an email. Send that to Steve at TFNN.com and inside the subject, and if you would be kind enough to put radio show question, of course, inside our Tigers, and well, any and every ping will do. So let's go ahead and get this show started on a wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. You get all the US indices trading the downside. The Dow is off 221 points. About seven tenths were sent. S&P about nine tenths are 41 points. NASDAQ 100, one and a half percent, 209 points there. The Russell's off one and eight tenths are 36 points. The Semi's down three and a half percent, 106 there. Trendy's off 2%, 296 points to the downside. Gold's trading off $11.60. 1777 is the print there. Silver's off 38 cents. 1970, lights recruit up 93 pennies. 87.09 is the print natural gas. Down six pennies at 9.25 and the 30 year treasury. Printing out at 140.06. That is off one point and one tick. Lead the charge dollar-wise the upside. It's a fan favorite inside the Tigers. Now that's Cassava Sciences. S-A-V-A is the ticker symbol. That's up $8.57 or 42%. Eli Lilly is up two, about 3%, $8.60. Sargentics up 8.50, a little over 2%. Northrop Grumman, nearly 2% or nine bucks. Agilent technology's up about 750, about 6% to the upside. Lead the charge dollar-wise to the downside. You've got Mercado, Lirbeo, 50 bucks. That's a standard, nearly 5%. Blackrock down 20 bucks, two and a half percent. Micro strategy off 20 bucks, 6%. Land research down three and a half percent or 19 bucks, Broadcom down 18. That's 3% to the downside. So we've got some movers and we've got some shakers. So where are we gonna begin? Let's go begin by taking a look at those daily equity future contracts out here. We'll change our screens. We'll take a look at the white background, the Ninja Trader screens out here. And what we will see is that the NQ is testing support. The NQ's where I should be. Where's support, Stevie? What happens to be the top of its daily profile as well as green oscillator and change line. The exact numbers for you. The green oscillator and change line is pretty right now at 13, 435. And the top of that profile is 13, 419. So I'd be watching that 13, 419 level. Price closing below that. Well then we've got a move. Now it doesn't show on the white background chart. So I did show that to you earlier on my black background charts where I've got that advanced offer tool that helps me identify new profiles as they are attempting to form. So price able to close below the green oscillator and change line but I'll still use the, because I won't get the profile confirmed until this evening. But I would say that if we do get a close below the bottom of the current profile that you see on my screen out there. Again, that level was at 13, 419. Then what we'd be looking at likely is move back to 13041. Now you don't see that here. The 13041 level is the bottom of the new profile that is attempting to form. So the NQ, now price is back at support. We can see this green oscillator and change line. Bydezen has held as a springboard, if you will, or just a key level of support. So, you know, those of you that were short the NQ who may have closed out that short, good idea because we don't know how this battle is going to unfold and we can see on a daily basis, price is really sitting at some key support areas. Back over to the ESMini, the left-hand side, there is an A to B equal CD patterns, A to B equal CD patterns for each of the executive future contracts. If, in fact, the bear sash candle or bear shingalping candle that is present right now forms, that's going to suggest a move lower. That move lower would suggest 4228 or so, that's the green oscillator and change line. Now, the ESMini is also attempting to make a new profile. I'll change over to that screen here momentarily, the top of which are resistance at 432750. The center is at 4263, we're at 4268 right now. So you want to watch that 4263 level. Why? Because it's a bear structured profile. Typically, if we close below a bear structured profile, that signals a move to the downside. Once we get a confirmed sell the D point, that would really all be in line. Now it's 4177, that's the current profile reading, 4228, that is the green oscillator and change line. So that would really become the target area. If we take a look at the Dow, the Dow could, if it forms a bearish reversal candle today, confirm a sell the D point pattern. Now there is no new profile at the moment for the Dow equity future contract. So it's price target is very clear. That would be that green oscillator and change on at 33440. Now none of that's going to take place likely, unless the end queue begins to fail here. The case of Russell 2000, it too, is attempting to form a new profile. Now support here is at 1968. 1976 is the green oscillator and change line. And that would form a sell the D point pattern. Right now that should be pretty easy to do because of yesterday's narrow body candle out there. But you'll want to watch that 1976 area for the Russell 2000. If we get a close below that, well 1968 should be the area where we would find support. So I'll switch back to our four panel charts here that shows you those new profiles. That way you can copy these or grab them, whatever it is that you're going to do, or just simply write them down on your pad of paper out there. So you'll see the new potential, get new potential profile. You can't get this confirmed until, well tonight at 601, so we won't be hosting a show at that time. So it'll be tomorrow at 11 o'clock that we understand where these profiles took hold or not. Again, those new profiles being in the ES, the NQ and the Russell 2000. So where do we go from here? Well, I'll tell you where we go from here. We go stay with the NQ for the moment. And to stay with the NQ, we want to go understand because price is sitting near a level of support. We're going to switch back to the white background screens out here. What's going on on the intraday time periods? Oftentimes, if we are at a real key level of support, we will see some intraday bottoming signals. Well, the first one that pops up on your screen is the lower left hand corner. And that is a 60 minute timeframe chart for the NQ. It will complete a TD nine count bottom as we come into the noon hour. You already have bar number nine that's completed. So this is the bar following bar number nine. Maybe it makes a lower low. Doesn't matter whether it does, but it, well, it matters if it does because that would create your benchmark level. Price for the close below the low of this pattern. Then that tells you about a further move lower. Now where would that further move lower take us inside a 60 minute timeframe chart? Excellent question. That next downside target if the TD nine count does not take hold is 13,356. Do I have any other bottoming signals? Well, we don't as we speak. So it's all going to be about that 60 minute timeframe out here coinciding with the daily timeframe getting back to the support level. So you want to keep an eye. Now, if this TD nine count does take hold, what we should see is a price bounce up to its oscillator and chains on, which is acted as resistance. That currently is printed at 13,542. If price does rally from here, that line will likely move up to 13,558, the 13,577 area. See roads with CF at end. We'll be right back. Blooming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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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. Toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, so we've got the charts up here for Lights We Crewed on our screen. This is for Kota inside the Tigers Den. I believe Kota is short of Lights We Crewed. So let's go take a look at the charts out there. What do we have? We got to start with the monthly timeframe chart. We have the continuous contract up. What we do know about the monthly timeframe chart is the momentum has shifted from being bullish to a neutral to suggesting some downside action. So a level of support here, price below that green oscillator and change line, price should target 80-285. 80-285 is the bottom of the monthly profile. On a weekly basis, bar number nine is going to complete as long as price closes below, this is at Friday, as long as price closes below, 90-285. In odds, favor, that that is likely to happen, but it's only Wednesday. So Kota, close below 90-285, you've got a TD-9 count bottom. That's a huge amount of money. 80-285, you've got a TD-9 count bottom. That suggests that a bottom from a intermediate term timeframe should form either this week or next. Remember, you can't get the lower low on that bar following bar number nine out there. If we take a look at the daily timeframe, the daily timeframe shows that price is below the bottom of its profile and rejected its oscillator and change line. So let's just simply expand out the chart and make it a little bit easier for people to actually see, pull this back out here. And so we can see the oscillator change line here. A key level for you to be watching to the upside would be 87.99 at the moment. The price is below that. And the bottom of its daily profile. So the suggestion here is a move back to its next breakout level of 81.88 out there. Again, watch the 82.85 level though. That is the bottom of the monthly profile. As we take a look at the intraday charts out here, what you got was on a 30-minute timeframe, we're always with the indicator bottom. You've got that on a 60-minute chart. You have that on the 120-minute timeframe chart. Nothing on the 240. Nothing that sticks out to me on the five-hour timeframe chart. So back to the 30-minute chart out here with regard to lights we crude. So you've got that nice bottom. Price is holding the oscillator and change line and the top of its profile. As long as those areas hold, those areas would be basically, I'd be looking at 86.69. If price holds that here, then that's gonna suggest that it wants to make a move up to 89.70. If price does not hold this level, then a retest of support, which would be 85.83 to 85.98. Now, this is a 30-minute chart out here. So what you wanna be paying attention to is where's that close in 10 minutes at 11.30? Back to the hourly chart now. On the hourly chart, nice roads meant to indicator bottom. Price did close above the top of that profile, but it's back below that area right now. Support here because that's a bullet-structured profile. Dakota would be in the 86.31-ish area. So watch to see if that level gets tested and whether it gets rejected. If it doesn't get rejected, 85.84 will get hit. On the two-hour timeframe chart, price is just consolidating with inside its profile. So the key level to be watching to the upside there is 87.25. You really don't wanna see a close above that. If you get that, that's gonna suggest a revisit of the prior highs out here that would take you into the about the $90 area. So that's what's going on with LightsWe accrued. I hope that helps you out, Dakota. Let's go take a look at your next request. Your next request was to take a look at natural gas. So let's pull up those charts out here. In case of natural gas, the real resistance level is from the month of June. June created that Confirmed Roadsman Dominicator top. It did it with a bearish engulfing candle. And that says $9.60, 9.604 is your real key level of resistance to watch. You're probably able to close above that. It says we moved to the upside. Now that was a continuous contract. We probably get a different number. And this is the number that I would be using because we have the October contract up here. And on a weekly basis, the resistance level is $9.56. Let me make sure I've got that correct out here. So I do want to give you the accurate number and the contract that you are trading. So it's going to be that high. And again, that high is $9.568. If price takes that out, then it's a moonshot to the upside. Otherwise resistance is held. Do you sell on natural gas? No, you just, you're up at resistance out here. The monthly chart is neutral to bullish. The weekly chart is neutral to bullish. The daily chart is neutral to bullish. You can see it's also taking on its most recent high out here. So again, that's just simply going to confirm the number that we were looking at. That was from the trading day specifically of June the 8th out there. And again, that's $9.568. You close above that and it should be off to the races to the upside. Now, when we look at the interday charts out here, Koda, you can see a nice roadsmint to indicator top on the 30, on the 60, on the 120. No topping pattern that sticks out just to take that back. There's a TD9 count-top on the 240. There's a TD9 count-top on the five-hour timeframe chart. So, interday charts out here, as price got back to that level of resistance, that old high, you can see how those interday charts were giving you a signal that it wasn't ready to take it out. Now, what has not occurred out here is any key levels of support have really not been broken. For the 30-minute timeframe chart, the level you'd be looking at is $9.12. For the 60-minute timeframe, it's $9.12. So, close below 9.12. Is that gonna bring the 879 to 889 area into play? The 120-minute chart is testing support right now. That's the bottom of its current profile. The 240 really doing the same. In the case of the five-hour chart, it doesn't have any support. If it closed below the five-hour timeframe chart, it could open up the Kimono for $8.65. But really, we'd go back to those other shorter-term timeframes to take our interpretation one step at a time. So, Kota, you've got price and resistance inside of natural gas pulling back. It may just simply be pulling back the support to reload to take another chance at taking out that resistance level. So, hope that helped y'all with regard to natural gas and light's recruit. Thanks so much for the requests. The next request coming in from Coomis. This is by email. I want to take a look at CRM. So, let's get back to my multi-timeframe charts. We'll put those up on the screen here momentarily and actually read Coomis' question, which is, can you please review and talk a little bit about ticker symbol CRM? Thank you for everything that you do. Cause, gas, cause. So, let's go take a look at CRM. What do we know? What we know is on a monthly timeframe, price and consolidate with inside its profile. Your support level went 66.79. Resistance between 219 and 227. The weekly chart. Nice rogment and indicator bottom has taken price right up to resistance, resistance being the top of its profile. That's level-free to watch if you are long. Whether you're longer or short out there, the top of that profile is 191.81. You close above that, it suggests a further rally. If we take a look at the daily timeframe chart here for sales force, what do we have? Well, at the bottom was a rogment and indicator bottom. Price now has resistance that is TD9 account breakdown area. And that's at a price point of 196.45. So, we won't look at the intraday charts here right now. Let's just come back and revisit monthly, weekly, daily. What do we have out here? Well, you have a clear bottom on the weekly and the daily timeframe with price dealing with resistance areas. Even though the weekly says 191.81, I've used the 196.45 level as the last point of resistance out here, on a further move higher. Now, if you get above that, that's gonna signal move back to 219 to 227 level. As I take a look at the intraday charts out here to see if there's anything that is really helped to us. At 15-minute chart, price has pulled back. It's trying to form a rogment indicator bottom pattern right now. So, yeah, nothing really that I see other than that cause. So, I do hope that that helps you out and thanks much for the request out there. Real quickly here, let's go for our dinners out here. Let's go change over to Saba. This is one that's followed primarily by Dana's one. It's brought it to the attention of everybody here. Saba having a beautiful day. Saba's up about, where is it? It's up 38%, $7.60. Now, what Saba has done, it's right at a resistance, 30-08. That's the level, now it's big volume in here. So, it should be able to take that out. It hasn't, it's natural resistance, a TD9 count breakdown level. But you close above that and Saba should be off to the races. Price is trading above the top of its weekly profile out there. That suggests, and you got a nice TD9 count on the monthly, so 39-36 if you can get above 30-08. Steve Rhodes with TFNN, we'll be right back. 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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 4.00 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. 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. Let's go to our next request out here. We've got about three in the, it looks like four now in the queue out there. So we didn't take a look at gold. We'll do that for you, John, as well. So let's go to our next request, which is from Fletch inside the Tiger's Inn. Fletch wants to take a look at the XLE he's looking for, I believe a long is long or is looking for, let's see here. Can you look at XLE to the long side? Sure. So we know about the XLE right now is that it has an A to B equal CD pattern out here. It also has a TD9 count top. And this is the daily time frame. That's really the area that price needs to close above. And that is from the candle session of July 29th, Fletch. That high out there is a 78.66. So if in fact price can clear that level, then it should complete the one to one, at least the one to one A to B equal CD that would take us up into the $84 area. The other area where price is struggling with inside the XLE is the top of its daily profile. That's at 77, 87. So we've got sellers at the top of that TD9 count pattern. We've got sellers at the top of the profile. You can see the oscillator and change line has changed color. If price can test and reject that level, that would be a bullish outcome. But we still have the consolidation with inside the daily time frame. If we look at the weekly chart, we can see that it's oscillator and change line. This has a confirmed rogment to indicator bottom when price had gapped down. But its resistance level is at the top of its profile and its green oscillator and change line. That's at 79.40. So close above 79.40 would say we're on our merry way to the upside. If we look at the monthly timeframe chart, TD9 count top, that took price right back to support, which held that was a green oscillator and change line. So for the monthly timeframe, the XLE remains bullish. For the weekly timeframe, it's pretty much neutral. For the daily timeframe, I would say it is neutral as well, neutral and consolidated. And it's certainly not bearish as we speak. So Fletch, I hope that helps you out with regard to the XLE and what it is doing out here. The next request, excuse me, came in from Portugal, from M squared out there. And what Mike wanted us to take a look at was the NDX priced in multiple currencies. Many of you are familiar, we'll go switch back first to my black background charts out here. And so many of you, or hopefully all of you or each of you are familiar with the set of tools that we use to help us understand what the markets are communicating to us. For example, here is the Dow chart. I have shared this with each of you, certainly over the past couple of days, as the Dow priced in these other currencies, the other primary currencies, that is, euros, yen and pounds is at new all-time highs. New all-time high yesterday, priced in euros, new all-time high today, priced in yen, new all-time high yesterday in pounds, priced in pounds. This is the Dow that we're taking a look at, nowhere near that in the case of US dollars. Now, I have maintained that when you get major tops out there, you will see these charts top at or about the same time. Since we now have new all-time highs in pounds and yen in euros, this tells us about in the future. This tells us that we should see the Dow make new all-time highs in dollars as well. It'll be in these other currencies. And I'm not saying that we're not going to see some type of decline, a significant decline out there. This has given us a roadmap to what to anticipate into the future. Now, Mike's question was, it was a great question. I appreciate the request out there was, how is the NASDAQ 100 performing those major currencies? So I went ahead, put that chart together here just before we went on the air. And as we take a look at it, first you'll see that the NDX 100, whether it's priced in US dollars, euros, that would be the second chart, yen is the next chart. And then put it in the chart on the very right is a Great British Pound. Each of those have a top of when? The exact same day, 11, 22, 21. So this here, again, when we get major tops out there, and that was a fairly major top inside the NDX 100, absolutely. And we saw really nice decline out there. So this is how it works. So now that we know that the, so in the NDX 100, nowhere near as a performance level as the Dow out there, which I think what Mike was your question out here, not to be, not really a surprise to any of us, why? Because when we take a look at international markets, that is really, that's a global flow of capital. That is really about liquidity. And that liquidity, you're not going to get better liquidity than inside of the Dow. I know a lot of people hate the Dow. It's only 30 stocks would have you, but we want to understand what large money international traders are taking a look at. And it'd be no surprise, should be no surprise to any of us if the NQ holds that support level. Even though this is the stock, the NDX 100 version of the NQ out there, we shouldn't be surprised because when we take a look at traders of the Dow, of the markets in major currencies out here, it's in breakout mode. They're not seeing anything bearish out here. And there's a lot of traders that are trading the Dow priced in euros, priced in pounds and priced in yen out there. So that's what's going on, Mike. No, the NDX 100 is not making new all-time highs, but I believe that it will. No, the NDX 100 is not. And that just feeds into, if you listen to the segment that I did with Tom on the Monday out there, what I was basically saying was offering caution over the next couple of weeks out, or two or three weeks. So, and really that chart, so I do appreciate you requesting it, is also suggesting caution out there. All right, so let's go to our next request. I took care of Mike in Portugal. Let's go to Ray who wants to take a look at, Billius came in by email. Let me try to pull that up here. And Ray wants to take a look at some of VERU. How much higher can VERU run until it hits resistance and has a pullback counter? So I think we're in the black, yeah. We are. Let me just go over to our three timeframe charts out here. Whoops, that's not the one I wanted. I wanted this tab. Let's type in VERU. So let's go see what, let's try, see if the profile levels answer Ray's question. And the answer to that is no, they do not. Prices above all profile levels, daily, weekly and monthly. The target here, let's pull this back, is the monthly chart. So your question was how high can it go before it has a pullback? And the answer, my friend, is going to be $24.57. The actual high so far this month, $24.55. Boy, you gotta love that. So 24.57 is the high from February of 2021. Now the volume there was 167 million shares. You're pushing into it already with 160, basically 167 million shares out there. So if it can close above that level, that's gonna suggest a further move higher. Now the question might be further move higher to where. And that's a great question. So I think to answer that question, we'll just simply take the weekly chart, expand it out and type in an A to B equal CD pattern. So the A to B equal CD pattern that I would use is gonna use as a low April 4th. It's gonna use as the high April 11th. It's gonna use as the C point, the low from May the 9th out there. You know, that's not really a great A to B equal CD pattern either. But it does say that the next price projection level would take you up to the 2809. But to answer your question, it's really gonna be that high of 24.57 that you're going to have to watch. Now, if we get some type of pullback out there, Ray, what we should look at, give me a call, we'll put up the multi-time frame charts. We'll see what's going on on the intraday basis, as well as the daily timeframe. But right now price is pushing into a swing point that could say you're in total breakout mode with the ERU out there because it is certainly pushing higher with volume. The next question that came in from John inside the Tiger's Den, John wanted to take a look at the Goldilocks. So to do that, it'll take a moment here for these charts to populate. And that's okay, because we're about to go to a break. So we get back here. We're gonna take a look at Gold for John inside the Tiger's Den. And of course, folks, I would love to hear from you. I don't think I have anything else on the deck out there. No, I do not. But I do see a couple of messages inside the Tiger's Den. So I'm gonna take a look at Goldilocks as soon as we get back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman 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. Technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. 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That's panel number two, panel number three is yen. The panel on the very right is pounds. You can see that we're up towards its all time highs. Price in those currencies looks like inside the yen right now. It is well still trying to take out that level has not done that. So that was for Kota inside the Tigers Den and John once take a look at the Dow priced in a Chinese one. I'll get that chart set up for us and we'll be able to take a look at that tomorrow out there. So we'll add that currency pair somehow to or some type of set of charts out there. So I'll take care of those two requests. So now let's go back to Goldilocks. We'll switch over to our white background charts out here. Take a look at those multi timeframe see what they're signaling to you and I. Now we already know that Gold is testing the bottom of its daily profile. The bottom of its daily profile is 177650. The price close below 177650 that's going to suggest lower price, lower price to wear. Well, I come back to the weekly timeframe chart and that would signal to us John about 1757 or 1716 out there. If we take a look at that Gold price or Gold price if we take a look at Gold on a 30 minute timeframe chart needs a bullish reversal candle to confirm a bottom roads meant to be indicator bottom. You're in bar number nine out of 60 minute timeframe chart. So that says that we could see a bottom teeny nike out bottom between noon and 1pm. Whatever the low is between noon and 1pm out there if that low gets taken out that tells you about a strong momentum to move to the downside out there. Well, hold on. Yeah, yeah, yeah. That's what that would signal to us. Two hour timeframe chart John I don't have any kind of bottom signal nor do I in the 240 nor do I on the five hour timeframe chart. They're suggesting price pulls back to the 1770, 1768-ish area out here. So that's what I see with regard to Gold deluxe. Again, the key area, truly being the bottom of its daily profile. So 1770, let me make sure that is again that level is 1775, 50. So hope that helps you out. Thanks so much for the request. Next request coming in from McGuppy inside the Tigers then want to take a look at ticker symbol XBI. So let's get back to our three panel charts out there. Let's get that in our system XBI. It'll take just a moment here to populate because of everything that I've got open at the moment. So we'll let that populate here and then we'll tell you exactly what it is doing. The request from McGuppy was could you please cover XBI? It's been consolidated in recent highs but today appears to be trying to break down. Where do you see support, Ossetian change line and the profile levels up there? Okay, so great question. XBI is what we've got up on our screen here and we can see truly it has pulled back and it's trading below its green Ossetian change line. So the suggestion there is that price may pull back. So the top of its profile, we see it may just kind of confirm this. The top of the profile is 8363. So that is likely where price would head to on a further pullback here from a pattern standpoint, I really don't have an A to B equal C. You can see the A to B level out here. It's a gigantic level. So I know that that pattern has not completed. But where price did stop was at its TD9 count breakdown level at 94.19. When price gets back to a support area like a TD9 support area, that can be a bottom. When you get up to a resistance level such as that TD9 count breakdown area, that can be a top in lieu of any other pattern out here. It looks like that's what we might have. If we look at the weekly timeframe, you could get a confirmed TD9 count top this week. So long as price closes, but you're 89.40 right now. And so long as price closes on Friday above 80.68. If price does that, then you're going to have a weekly TD9 count top. Megupi, that would then suggest a pullback to the 86.41 or 76.70 level. If we look at the monthly timeframe chart out here, there is a completed by the D point pattern. So the A to B equal CD, very easy to see. You can see a couple of months ago was at Volsash candle. Price should target 96.71 or so. That's the oscillator and change line. So far the monthly high has been 95.18. Is that close enough? It's pretty close, but not close enough out here. But I agree with you. Your interpretation absolutely correct. From a volume standpoint today, price so far in the first couple hours of trading is pulled back with 4.5 million shares. What it's going into is a trading day from August 5th that had about 20 million shares. So you got four and two and four times. That's really light volume that it's pulling back. Doesn't matter whether it's light or not. The next low of sport, which is what you would ask for is really going to be down what appears to be at 86.41. Below that, it would then be 83.63. So hope that helps you out with regard to what the XBI is doing out there. You see if there's some other question inside the tiger's den. Can we take a look at the SQQQ? We cannot. We cannot take a look at the SQQQ. Of course we can. But what you really want to do is take a look at what's going on inside the cues out there. But I'll put up a triple for you. And we'll do that on the black background screens out there. And then what we'll do is we'll take a look at the end cues and just get a little bit of an update. So we take a look at the SQQQ. That is the triple being short the NDX100 out there. So you've got a new profile that is formed. If we were just going to use these profiles to interpret what the market is telling us to say bullish structure profile. Remember when I mentioned that the daily profile for the NQ is trying to form a bearish structure daily profile. Now that profile that we looked at, we'll look at again out there will not be confirmed until 6.01 this evening. But if it does take hold, and in this case here, this one is real with regard to the new profile. So this much of the SQQQ I can share with you that this is not using my advanced offer to figure this one out. And that says that price should make a move up to 37 bucks. That's where price should find resistance. That's on the SQQQ. Now let's go pull back and take a look at the NQ charts out there. So we'll do this here real quickly as we've covered this before, but that's okay. And is really taking a look at the daily timeframe. And price right now is sitting at support. And support is at green oscillator and change line. I'll just simply expand out the chart here. You can see that each time that we have been down to the oscillator and change line, by days in, it has held. And that is a bullish signal. It's an especially bullish signal when you have a green oscillator and change line. So price right now is trading just below that. By the way, below that means 13, 432 is the oscillator and change line, but the top of its profile, 13, 419. Now that's the old profile out there, but if price holds that, then it remains for the most part bullish. I say remains for the most part bullish because what I don't know is whether or not the new profile is going to hold. So we're going to switch back to those black background charts out there. We'll go take a look at that because here you'll be able to see that profile level. You'll be able to see the new ones. Again, that a form for the ES or our tempting to form is what I should say to the ES, the NQ and the, well, the Dow now has one and the Russell 2000. Remember the Dow did not have a new profile. Now again, this one is also a tempting to form but back to the NQ. You can see that the NQ's profile, but it does take hold even if the old one holds, because price is below the center of that new profile, 13507 if it does take hold. That's really a suggestion that price should make its way down to the 13041 level, but we're really going to have to come back to this GT tomorrow because I just don't know whether this profile's going to hold or not. But if we take a look at now, the Dow just a new piece of information out there. The Dow right now has a bearish and golfing candle. I do not know what it will look like at days and that's the bottom left-hand panel. But if we do get that, by the way, the top of that profile is 34087 and the bottom and center are in the same location. That tells you about strong support at 32820 as for the Dow equity future contract. Steve Rhodes with TFN and we'll be back in just a few to close out the show. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com, educating investors. tfnn has launched the Tiger Zen, hosted at Discord. tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. Available to all tigers and tygruses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Got folks, the chart we have up on the screen here is ticker symbol LIT. That is the Global Lithium and Battery Technology ETF out here. It has a confirmed daily A to B equal C into the upside with a price projection of $84.28. But it's run into a little bit of resistance. Brand new profile that has formed today, $82.17. Coda is where the sellers are hanging out. The buyers are hanging out at $78.90. May just be consolidation within that as it resumes its way to the upside out there. Weekly timeframe price above the top of its profile with inside the monthly timeframe price and consolidating with inside that. As we switch over real quickly and take a look at my other multi-time frame charts out here, what we'll see is that the next upside price target. So we've got the $82.17 area that price has to take out. $82.66 is the oscillator and change line on the monthly timeframe. So that's where your battle's at. You're gonna watch $78.90, you're gonna watch a $79.10 as those levels. If those areas hold, then it remains bullish and price should continue on and make that $84.28. But of course, $82.66 is gonna be a key resistance level. So I'll leave you with this. The charts to be watching for the rest of the day out there, certainly for the next couple of hours, those are going to come from the 60 minute timeframe. So let's get those charts up on the screen here. They'll be up here momentarily. Each of them, as you will see, have TD nine count bottom patterns. Now in the case of the ES mini, it's the bar following bar number nine that is completing right now. I don't know, well, it's five more minutes. So likely the low is in out there and you're gonna watch 42.55. If there's a close below 42.55 on any hourly bar, that says this pattern gets negated and 42.21 becomes the target. Bar following bar number nine on the NQ. Right now the low is at 13.406 and a quarter. So I'll assume that that low is gonna hold. And therefore, if you see a close below that in the next hour or two, that suggests move back to 13.356. The same thing inside the Dow. Right now that low, bar following bar number nine is 33.804. That's the level to be watching. Inside of the Russell 2000, the area to be watching is a 1970, 650. Now what price should do here is price should at least bounce up to those oscillator unchanged line levels out there. So to the extent you're going ahead and trading intraday, I take a snapshot of these charts out here because they should help you guide yourself into what the markets or the equity markets are doing. Folks, stay tuned for some great programming. I'll be back with you tomorrow, 11 o'clock sharp. Thanks for joining us on wonderful Wednesday. Have a great afternoon.