 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Larry Pezzavento. Good morning folks, the voice of Steve Rhodes filling in for Larry Pezzavento while he is away today. Thanks so much for joining us. Today is Tuesday, it is September the 10th and I'd love to hear from you. You can give us a call at 877-927-6648. If you can't call in, we've got you covered. Let those fingers do the walking. You can send me an email steve at tfn.com. If you'd be kind enough to put radio show question in the subject heading, that would be great. And of course in our Tigers Den, as they have already done, any ping will do. So just let me know what it is you want to look at. So let's go ahead and get to these markets on terrific Tuesday. Of course this is Tiger Financial News Network. I'm Steve Rhodes again filling in for Larry Pezzavento. At 9.07 we've got the equity futures mostly trading lower. It's the Russell 2000 that is up just slightly. The Dow is off 39 points, no big deal. That's less than two tenths or percent to the downside. The S&P off six points and the Nasdaq down 28 points. Across the globe we have mixed markets out there. Whether it's in Asia, whether it is in Europe. In Europe right now we've got the DAX up. 37 points in the FTSE down eight. You've got gold off 10 bucks. We'll take a look at that for sure. That broke through a key level of support. It's suggesting lower price. Put your stops in place folks. You now have a break of a key level of support. There's another key level of support that we'll take a look at. That would be the final nail in the coffin. So to speak out there. Silver down 16 pennies trading out at 18 bucks. Even Steven. You've got the 30 year treasury down 11 ticks. We'll take a look at all those things that you want to look at. But what the first request was was to take a look at the ES mini. This is for John inside the Tigers den. John's got a short position and he's just simply wondering what is it that our charts are showing us. Let's go take a look. Let's start here with the daily timeframe for the ES mini. Here's what we know. And this will actually kind of feed right into another question from the Tigers den. That one was coming from let me see if I can get this here. Who was asking about that Jimmy D. Jimmy was asking about the ES mini. Okay, perfect. So that works out and asking about what my thoughts are with yesterday's candle confirming bar number seven of a potential TD set up nine count. So let's take a look at both of those issues all at once. If you're watching us on Tiger TV, you can see my screen. You're going to see some numbers and some letters. The letters are referring to Chapman wave counts. What you and I like to look for is the Stevie Wonder singing in the key of G. Oftentimes when we see that seventh wave move, that would be letter number G, letter number. That would be letter G, the seventh letter of our alphabet, the seventh inning stretch much like a baseball game. In this case here, we can see that the top inside the ES mini was formed with both that wave number seven, as well as a Rhodes momentum indicator top. No, the Rhodes momentum indicator top didn't confirm until the cavalry arrived the cavalry. In this case here, a topping pattern would need a bearish reversal candle. You want to know your P's and Q's. You need to know your this is the way that the market talks walks and squawks to Stevie. And I know I owe Tom a buck for that, but it's a beautiful way of expressing what the market is doing out here. And this is how the market communicates to you and I. It does so with bullish or bearish reversal candles. However, it's not just the candle itself that is going to set you free. What will set you free are patterns that then utilize those bullish or bearish reversal candles to confirm the pattern. And that's what occurred here, both in wave number seven and in the Rhodes momentum indicator top. Now, what also occurred down at the bottom out here, when I say the bottom, I'm referring to the trading day of August the 15th. And then in essence, August is 26th, but August 26th wasn't confirmed until August 28th. And what we had was a doubly, a double confirmation of a Rhodes momentum indicator bottom works the same way at tops as it does at bottoms. Now, what we have to do is go out and identify, identify support and resistance. Well, the other things that we can do where we can take a look at those wave counts, so wave counts as Jimmy D pointed out, got to wave number four, letter D on my charts out there. Baz will tell you at wave number four, the market can't do something else, but it was the trading session before that. That was actually that was in wave number four as well. That was on the trading day of September 6th, when Stevie's red line turned green with envy. Now, what that means is that the price oscillator is at the zero level. There's a phenomenon that takes place, John, when the price oscillator gets to zero. Over the coming sessions, and especially when it changes color, it's really important out here. Over the coming sessions, we will see price and Stevie's green line. It's really the oscillator on change line. I won't go into the details, but I'd love to be able to teach that to you. And just subscribe to Mastering Probability to get access to a workshop there. But in this case here, so the stalling pattern is to be expected to anticipate and maybe even to move lower. You see price, here for that test of Stevie's green line could just be nothing more than a sideways choppy move over the next several days. While that oscillator and change line catches up to price, it could be price moving lower. It could be price moves higher. And we don't see the test for a period of days out there. But I guarantee you that test will arrive. So what the market has been doing here is really to be expected after that line turn colors out there. Oftentimes to stay stalling pattern waiting for the test. Now what's the test here? The test would be when price and that line connect to each other, if there is a rejection, which in this case here because we have price moving higher, if there's a rejection of that level, a test and rejection, that's telling us that price wants to move higher and move higher to where all the way back to the all-time highs and then some. If there's a close below that level, that says a further retracement. We would look to task market profiles, whatever other tools we have out there to help us identify support. I don't have the task market profiles on this chart specifically, but we'll take a look at those. Jay wanted to take a look at the task market profiles for each of the equity futures contract. With regard to bar number seven, Jimmy, doesn't mean a thing if it ain't got that swing. And that swing is that the only way the TD set up nine count pattern is going to identify a potential top because there's three different outcomes of that. But it's worth noting and worth paying attention to is that bar number eight, nine, or the bar following nine must be the high of the session. So yesterday was the high of the session inside the ESMini. It must be today, it must be tomorrow, or it must be on Tuesday, Wednesday, Thursday. There we go. That would have to have that high in order to potentially identify, identify a top out there. So that's the first setup. That's the setup on the daily, what the daily is communicating to you and I. It's the weekly communicating to us. We've got to take a look at levels above and below. We're going to one level above. And what we can see out here so far is price has just simply pulled back and tested Stevie's green line, the oscillator and change line on a weekly timeframe. Now, what happened yesterday or last week, what happened last week at the close was we saw a close above Stevie's green line. If the move off of the bottom that we saw here last month was just a countertrend rally, was only a countertrend rally, price should not have closed above Stevie's green line. Now, what we like to see out here is we like to be able to see follow through. That means a second close in a row. You don't like to one hit wonder. Now, there's nothing wrong with one hit wonders. I mean, just go listen to see you in September. It's a great tune. It kind of dates me a little bit, but the reality is a one hit wonder. And one hit wonders, you know, you want to sing the tune. But in this case here, you need to see price continue to close over Stevie's green line on a weekly basis. So when we come back, John, we're going to go take a look at just one step below. Your favorite five-hour timeframe chart for the ES Mini and where the close needs to be in order for your short trade to get some traction. We'll be right back. If you're using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. 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Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about The Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den absolutely free for 30 days and enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com. Welcome back, folks. Steve Rhodes, filling in for Larry Pesavento while he is off and we'll take a look at the EES mini. So in the first segment, we're looking at the daily and the weekly time frames out there, looking for the patterns and the signals that are coming out of the market. So we're going to take a look at the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Now we're going to take a look at the five-hour time frame chart. Five-hour time frame chart is providing you and I with the best information about what the intention of both buyers and sellers is. Now, we take a look at the five-hour time frame chart. You're going to see two, four, five different blue arrows out there. Each of those arrows identifying the TD set up nine count pattern. Remember, the higher or low can take place on bars number eight, nine, or 10. If it takes place on any other bar, it's just an interesting wave count out there or it's not really a wave count, but a count. And it don't mean a thing because it don't have that swing. Well, on the five-hour time frame chart, the actual high that we're taking a look at that John went ahead and sold into was a TD set up nine count pattern. Now, whenever you get a top or whenever you get a bottom, this is really key. This is really important. It took me a lot of years to understand this. I mean a lot of years and a lot of hours, thousands upon thousands of hours. So you don't have to do this work because I've already done it. What you can do is just test my work to see how well that work works. Well, boy, that will set you back. I think I need a couple of jobs, even though I don't drink that. And I think we're going to go take a look at coffee. But let's stay on track here with regard to the five-hour time frame chart. Whenever anything tops, you must know where support is. Well, we use, in essence, two levels of support here. We use our TAS market profiles and we use our TD set up nine count. The TD set up nine count is priced at $29.60, $9.50. That's the red solid line out there. The very first thing of any topping signal is to push price down to support. Now, in this case here, we're paying attention to support in the five-hour time frame. We're staying glued to the five-hour time frame. Yes, we know what's going on in the daily chart. Yes, we know what's going on in the weekly chart out there. Well, here on the five-hour time frame chart, John, you must see a close below $29.60, $9.50. Now, it's not going to do you a whole lot of good at $9.20. Why? Because coming into the 9 a.m. session, it's a five-hour time frame bar. My bars end at 9, then at 2, then at the contract close, and then at 11, and then at 4, and then at 9. And you can kind of do the math there. Price closed above that support level. It has been tested several times during the last 24 hours out here and has held. $29.60, $9.50. That's the number you're looking at. That's the number you want to see price close below. If it does close below that, we would say then the target would be the next breakout area, $29.02. However, the fly in the financial ointment is that the bar that ended at 9 a.m. was bar number five of a potential TD set-up nine-count pattern. And it's very possible that the bottom that is going to form out here, even if price does, move below $29.60, $9.50. You'll want to watch your five-hour TD set-up nine-count patterns. Why? Well, all you have to do is look at this chart and ask yourself, would that have assisted you in your market call? So that's what I see when I take a look at the ES mini. Now, the other thing that you need going for you in order to be short this market, and certainly the S&P 500 specifically, is you need to see some negative market breadth. What the Sam heck does that mean? Well, we also take a look at our TAS market profiles and we can look at four different timeframes. I do have a fifth, but we're just simply going to stay with the four different timeframes. Basically the daily, the 240, the four-hour, that is, and the one-hour chart, the 60-minute chart. If you pay attention to the very right-hand, upper right-hand area of my screen, you're going to see little speed dials. Each of those speed dials tell you whether market breadth is bullish or bearish. Bearish would have the speed dials in the red. You don't see red anywhere. You don't see red on a 60-minute or a 240. And so if there's going to be a change in trend, so to speak, you're going to need to see that speed dial on the 60-minute timeframe turn market breadth negative. Now, market breadth means the following. On a 60-minute basis, if we're taking a 60-minute TAS market profiles for each of the constituents inside the S&P 500, there's 202 trading above the top of that profile, and 156 trading below the bottom. When you get those crossovers, that's what's telling you about a change in market breadth. You get those change in market breadth that would then give you the one-up on the bearish. Now, the market breadth crossovers, typically, you can't use these. You can if you want to. I have found them not to work. The better tools to identify tops and bottoms are going to be the wave counts. Number seven, the Rosalind Mentum Indicator, the TD set up a nine count patterns out there. You've got the A to B equal CD pattern, absolutely in the three drive to a top, but there, too, you must know your P's and Q's. You must know your bullish and bearish reversal candles. And if you don't and you don't know how to trade with those, why? You've just got to ask yourself, then why are you even spending any time listening to this show or any other show out there? I'm giving you the keys to the castle, so to speak, out there. After thousands of hours of taking a look at why patterns fail or don't fail out there, know your bullish and bearish reversal candles out there. And these other tools here are just very helpful in assisting us with understanding what the message of the markets is. Right now, the message of the markets for the S&P 500, it's bullish. And prices just simply, it's got short-term topping patterns. It's got longer term patterns that say, hey, a timeout is needed. That's what we've been seeing with regard to this move sideways. So John and Jimmy D, I hope that that helps you out with regard to what the markets are doing and why. We also have a question from someone in the den. It might have been Ruby. Oh, let's go to Jay's question. Jay was looking for the task market profile. So as we pull over here and take a look at the daily timeframe, Jay, no changes here in our task market profiles. But here's what we do know. We know that the ES mini is trading into or the bottom of that old profile, 2977. It's the only thing that we have to take a look at here. Right now, that has been a resistance area. But you've got two competing patterns. Here you can see the consolidation breakout. And as long as price remains above that consolidation, 3071 becomes its price target. We took a look at the NQ earlier. I believe we did. If we didn't, the NQ is broke out of the consolidation, has pulled back and tested the top of the consolidation, the top of the consolidation being in about the 77, 89, 50 level to be exact. As long as price stays above that, the consolidation breakout remains in effect. Now, inside the NQ, it does have resistance to 79, 51, the center of its bearish structured box. And 80, 31, 75, the top of that bearish structured box, the top is resistance or where sellers are. The bottom is support or where buyers are. The centers where both buyers and sellers are hovering, hovering, believe that there's fair value within that wide price range out there. So the NQ does have some resistance. The Dow does not. The Dow closed above the top of that profile. It has broken out and suggest 27, 548. And the Russell 2000, watch that for a signal out here. We could draw a consolidation pattern in here and I will. We can see that it had a descending trend line back on September 5th, price broke above that level. And now the Russell 2000 will or could join the consolidation breakout. We'll draw that in if it occurs with a price close above 15, 27, 19. That is the top of its bearish structured profile. Again, bearish in structure because the center of the Russell 2000 daily equity futures contract is closer to the top than it is to the bottom. So much so that this says there's nothing more bullish than a failed bearish pattern. The failed bearish pattern has not occurred just yet. We do not have a close about 15, 27. But if there is today, you will know the game plan. You will know what the intent of buyers is, which in this case here inside the Russell 2000 will take us all the way back up to its highs. I can see that without even having to draw that pattern in. That is what's going on in the equity futures markets. We're going to take a look at whatever else was requested inside the Tiger's Den. Anybody who sent in an email as well, of course, I want to hear from you. Steve Rhodes with TFNN filling in for Larry Pezzavento. Larry Pezzavento has just started his brand new service, Fibonacci 24-7, and he's already delivering content to his subscribers on a daily basis when the markets open and even on weekends. Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. 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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. So let's go take a look at coffee out here. And for Ruby inside the Tiger's Den. And Ruby's question is, is there more upside potential for coffee? So as we take a look at the coffee contract out here, we're going to take a look at the 30-minute, let's change it to an hourly timeframe out here. That's the first chart. So let's take a look at the 60-minute, the 120-minute timeframe chart, the 5-hour timeframe chart, and the daily. Of course, I changed it to an hourly timeframe chart. So let's take a look at the market chart. So let's take a look at the market chart taking some time. Oh, that's because the market just opened. So no wonder my system is working overtime with all the charts and workspace that are open. But let's go answer Ruby's question. First with regard to a market profile standpoint, Ruby, here's what we know. Price today is closed above the top of its daily profile. That level was 99.88. That's the market profile. So let's take a look at the task market profiles. Let's go ahead and pull over Stevie's Ninja Trader charts where we've got those TD setup counts. We've got our wave counts and so forth. And what we have here, we can see that when copy topped. What it did, it did it with a rose momentum indicator pattern. Price movement higher, less relative energy, good bearish dark cloud cover candle, follow-through on the next session, closed below Stevie's green line, and then it looks like I could draw an A to B equal CD in here for you, Ruby. Let's not worry about that. Your question is, is there more upside potential? And the answer here is, yeah. We see what I see, what you see out here. I want you to pay attention to where coffee last broke down. And that's that solid green line on my screen out here, 109.90. So here's what you're watching for if you are long coffee. You're watching to see the next target area of resistance is 109.90. If price can close above that, then what you would see as a target, potential target is 109.90. You'll see that today is going to be day four of a TD set up nine count pattern. So you would pay attention to that as well. But today's day four, you're really not worrying about it until at least four days from now, probably five or six days from now. And then we pay attention to assuming coffee can break above the weekly horizontal, the weekly horizontal, the weekly horizontal and the weekly horizontal, the weekly horizontal as it approaches 109.90. If you form a TD set up nine count under 109.90, that's not really a good thing. And you expect or I would expect coffee to go ahead and pull back, but we've got to take a look at it when it gets there, but I just simply want to be able to give you what the charts are communicating to you and as we speak as we take a look at this chart, we're going to take a look at this chart. Mike writes in and Mike C wants to take a look at ticker symbol BSX BSX is Boston Scientific Corp. Gapping down this morning and actually trading below a hammer candle that's out here, Mike from September 4th. Mike's questions. Please take a look at BSX if you have time on the show this morning. Okay, we are. So what do we know about BSX as we take a look at this chart? The weekly profile is out here is having any kind of a real strong meaning for you and I, but that's not the case for the weekly timeframe. So the dead center chart out here the weekly we can see how 43 66 on the weekly basis is resistance out here. Price is trading below. You can see the sideways action inside Boston Scientific out here. Mike that's been sideways since October 4th. So with price moves lowered when I say moved lower if you see a close below the August 1st low, which was 40 91 41 12 right now. I'd expect price to pull back to 39 55 the bottom of that weekly profile out there. If I take a look at the daily timeframe for BSX, let's go see if there's any topping signals and while there is there was a roads momentum indicator that big old bearish engulfing candle from yesterday. So now you have price trading lower. You've got the levels to watch course, 36 10 could be one outcome on a move lower inside of BSX Boston Scientific. So you've got 36 10, which is where price risk where price broke out in the daily timeframe and 39 55 will stick with 39 55 as the call right now, but only 39 55 as the call if we look at the day of August 5th and that was 40 91 out there. So Mike, best of luck to you. Hope that helps out with regard to navigating BSX Frank B writes in and Frank says, uh, I've been in this for a while in this is s W s W X. Let's go take a look at s W X. See what s W X is. Hope we're far enough away from the open for the charts to get to the top of the chart. So Frank says, uh, we have a lot. We are not. I've got too much open on my screen out here, and that is a problem. Let me see if the other charts here populate for us quicker. Um, come on, please. We got a live show. We got folks who took the time to write in and come on. Give it to me. Give it to me. All right, so Frank is from Gloucester. Let's go ahead and go ahead and go ahead and move on to the next slide. And it goes out to say the July a swing point volume of 130 was broken on September 3rd with 300,000 chair straight as now pulled back under that level. Not 1.6 may retracement of the last daily up trend. It also also stopped that retracement with with the range of the very high volume June 28th candle. Okay, so, um, while my charts are chart. I'm going to assume at this stage here, Frank, that my daily timeframe chart here is correct. And here's what we know. Here's what's most important for you. First on a daily timeframe, what we also see is roge momentum indicator top. Remember, whenever you see a topping pattern, could be a TD setup nine count, such as the topping pattern back here, back here, when I say back here, I'm referring to June 22. Whenever you see a topping pattern to suggest prices are going to go test support. What do we use for support? Well, we use our task market profiles, and there was a gap to the downside and a close below that level yesterday. That level is 89.62 Frank. A close below that with the topping says where's the next level of support. It's very clear. It's very easy. It's an 86.12. I know you mentioned 618 retracements and so forth out there. I won't put those retracements in there. What we can also say is the pullback found support at where price had broken out. That breakout level was at 86.12 area. It was tested. It was rejected on the trading day of August the 8th. That is a key level. That is likely where SWX is headed back to just to create this little consolidation pattern between 86.12 and approximately 92.91 somewhere around there. That's what the daily time frame chart shows us. If we take a look at the weekly time frame chart for Southwest Gas, what is it telling us? What is it signaling to us? Well, it's signaling to us that it too has confirmed thus so far as of Tuesday, a rose went to Mindicator top. The reason why it's confirmed thus far is because of the gap to the downside this week. As long as that gap remains open, that's a falling window. That is a gap to the downside and therefore price should push lower. Now, on SWX, that push lower would be 84.85 to 82.57. That's what I see when taking a look at that. You were doing Chapman Wave counts as I recall. Let's just pull over the weekly, or I'm sorry, the monthly chart for you. The monthly chart, by the way, shows price above. So if you're long-term, or I think you said you've been in it for a while, the long term is showing that price is above the monthly profile out there. So no problem there. You've got it in Wave C to the upside on a monthly basis. I've got it in Wave Letter D. That's coming off of the bottom from, it looks like, March of 2019 out here. March of 2018. What do I know? Price is moving higher, doing less relative energy, but we need September to end before we can fall on any type of pattern top here. Steve Rhodes, Filmin for Larry Pesimento. We'll be right back. The Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. 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Dow's off 84 S&P, down 19 Nasdaq off 82 points out here. So we're going to go to our next question. Oh, actually, we've got a caller on the line. Let's go out to Palm Harbor and speak with Jim. Jim, thanks for calling. Thanks for holding. How are you this morning? Hey, Steve, thanks for taking my call. I appreciate your analysis and I listen to you every day. Well, thank you for doing that. And today we're going to take a look at Microsoft. So tell the folks what you're doing and how I can help you. Well, it looks like it's been basing or trading in a range for quite a few days now in a daily chart. And I was looking at a short term swing trade, trying to get in at one of the lows and then see if it'll go back up to recent highs. But I don't know. I'd just like to get your analysis on it. So look, the pattern that you're looking at would be certainly valid. One of the reasons why, folks, if we just simply take a simple line, what we're going to see here is really a series of higher bottoms out there. So the question is, you know, where is it that you would, for that series of higher bottoms to take, you probably are looking at lower price, maybe at around the 135-ish type level out there. If that trend line is going to maintain itself, the question is, you know, is it a good enough trade risk reward for an upside move out there? If the trend line fails, doesn't mean that being long is wrong. It just means that moving back into 134 or 13185 would be very likely. So the better trade, Jim, would be for price to pull back into the bottom of its bullish structure daily profile, 13185. I can't tell, I'm looking at this chart, whether that's going to be the outcome or not. Out here, you are right. And that we've seen basically a sideways type move out here. But the best trade setup would be where you have the bulls at your back. If they fail, they fail, but at least the bulls would be at your back. And that would be 13185. That's what I see when I take a look at the chart. Okay. Well, it sounds good. A lot of times, you know, when they're already that high, it's hard to know if they'll hold up on a trade. But I did see the higher lows going up in almost a triangular pattern. Yeah. And that's a good thing. So you saw that pattern, of course, that that gets defeated if price pulls back to 13185. However, what you have going with you at 13185 is probably a better reward risk. And you also know that you've got the buyers and if they fail there, then you could exit, take that, you know, take a small loss or what have you and then, you know, and then reconsider something else. But that's what I see when I take a look at it. Okay. Well, I appreciate it. Thank you very much. You bet. Thanks for calling in. That was much appreciated. We've got some other questions that have come in as well. Let's go to Craig. Craig wants to take, oh, I apologize, we got another caller on the line. Let's go to William in Singapore. William, thanks for calling. Thanks for holding. How are you today? Oh, no problem. I'm good. And thanks for picking up my call and appreciate that. Steve, actually my question today is right to ask you about the gold futures. And we do see today actually it has broke, you know, 1005. And then, you know, we trace back to the current level 1506 or 07. What is your take on these gold futures? In terms of some, I don't have any position. I'm looking to, you know, a suitable place to reenter desk number one. Number two is that the second question I have is that regarding the TT nine count set up, right? We have, you know, from first about the nine bar. My second question is this, based on your experience, you know, for so many years, you know, when you see, because I do see sometimes after the second or third bars, it could be possibly reverse the whole counting. You know, that means whether from the up to the down or from the down to up. So usually after how many count or how many bars, whether it's the fourth or fifth bar, then the chances of it, you know, to continue with the same same trend will be there. So this is basically my two questions. Okay, so, so let's, let's try to, let's try to answer both of those and, and I'll try to strategically delay because for some reason my charts aren't completely updating out here. I just think too much activity on markets and have too many things open, but, but I think we can still answer those questions. Even if I have to open up a newsletter. But the first place, William, that we'll start here with regard to gold is by taking a look at gold priced in US dollars, euros, yen and pounds. And that's what this chart here is showing. In order for either bulls or bears to get going, you want to see the market in, in this case here, gold in each of those currencies moving in the same direction. Now here's what took place yesterday in gold, albeit slightly in dollars. And that is that we saw a close below the bottom of its daily box out there. And so the daily box was, and I don't know why it just disappeared to this Louise, it's right around 1500.20. I'm going to have to open up my, my newsletter because the chart there's got it. And I want to be able to give you the correct number. So if you bear with me just for a moment here. But what we saw yesterday here, it's back 1502 30. Now that's a key level. And when I see something break support or resistance, I always like to see follow-through. And that would be the next session. So that is today's session. So I believe that the price level that's most important for you to take a look at today is 1502 30 for the January contract. Well, here's, here's my, here's the problem out there is that that's coming from my synthetic version of the contract. And so you can't really track that with regard to the December contract. My apology for saying what I did, but I just realized what the symbol was out of my screen out here. Hopefully you're seeing this on Tiger TV. Now the reason, the reason I'm using this synthetic version of the contract is because it was the more difficult level of the profile of a close below that area that would then say that there is a change in trend. So we're looking at about a $3 move from where the gold price is trading on the December contract right now. If there, if gold closes up three bucks from where it's trading, then that would say that this could be a false breakdown. Whereas if it closes below that level, it's saying, okay, what we're looking at here is a real change in trend, at least a short-term change in trend. And that is actually backed by seeing gold move lower in euros, yen and pounds out here. Now let's pull over. Now that worked out really well because my chart's actually populated. And so now we can take a look at gold. And you had another question about, and you're going to see a different, because this is the December contract, you're going to see a different set of profiles on this chart. And that's at 152730. And that is the gold contract that we're looking at. And so a close below that said that we were seeing as change in trend. If you take a look at the move off of the bottom here, William, and when I say the bottom, I come back to May, we've always seen where the bottom of these boxes have held as support. There was one exception. We saw a close for one day in July 1st below it, the very next trading session back above it. That's why I like to see follow-through on the next session. Well, in this case, here for the December contract, we've got the, in essence, we've got the continuation of the follow-through to the downside. This says to me that gold is headed to 141210, where it last broke out from. With regard to the TD setup counts out there, I don't think I completely understood your question, but the count itself doesn't mean anything to me until we get to bars eight, until we get to bar eight at a minimum. And bar eight needs to exceed the higher law, depending on this case here, let's talk about a high. Bar eight needs to exceed the high of the prior seven bar counts out there. In these counts, folks, they're representing where a close of a bar is above the close of our four bars earlier. It is really that simple out there with regard to identifying that. We're about to go to a break, William, but I want you to hold on and just reframe your question for me real quickly, but from the count standpoint, I don't really pay much attention to it until we get to bar number eight, which can be a higher low out there. Today, we could be at bar number four to the downside, but we'll be right back with William in Singapore in just a few moments. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com educating investors. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel it any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter of the opening call 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 on the line with William in Singapore. William, I do have the I wanted to share one more thing with you and everybody else with regard to gold and it's the weekly timeframe. So we know what happened on the daily timeframe. We know that there was a break of key level of sport, the bottom of its task market profile. The next key level here in order for gold to generate a change in trend signal is going to be coming from if gold closes below Stevie's green lines currently priced at $14.95. But just below that is the weekly profile level at $14.89-$20. That is the key area where gold, if gold closes below that on a weekly basis, that tells us that we've got a further retracement of change in trend and even a price move down to the $12.86 level. So hit me with your TD set up nine count questions so that I can answer that. Okay. Right now what I see is that your TD set up count is on the upside. You can see one, two, three, four, five, six, seven. And sometimes at a certain point in time, let's say we have up to the fourth count and suddenly because of the reverse in the trend, all those counting will be so-called restart again. So is there a way that we can see the probability after how many counts of the bar, the chances of it to continue, the up counts will be higher? I don't have a, I don't know the answer to that question that you're seeking for, the probability of that. If we get to bar four, what's the probability that it goes to a nine count or what have you? And I think other factors would fit into that, which would be the oscillator and change line and the timeframe, probably task market profiles. But the bottom line is I don't have the answer that you're seeking. I wish I did, but I don't have that. Okay, well sometimes I still see that suddenly it's reversed that the count and it may restart the count or it may start the count to the downside. So that's why I was just curious, is there a way to figure that out? With computers today, there's a way to figure everything out. I don't have the way with the tools that I have right now. But we've got it in there. And I really want to thank you for calling in. And hopefully I did the best I could to answer your questions. Folks, stay tuned. We've got another great hour. I appreciate your explanation. Thank you very much. You bet. You bet. Thank you, Will. So stay tuned. You got Tom and Tommy up next. Then you've got the folks from TD Ameritrade Basil Chapman. I'll be back with you at 1 p.m. and then David White from two to three. And Tom O'Brien will take it on home. So have a terrific Tuesday, folks. Thanks so much for being here.