 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks. Welcome to the February night the fantastic Friday edition of today's Trader Zed Show. I'm your host Stevie Perseverance Rhodes Who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope of another seven a great day. Let's make sure we have an extraordinary one now 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 Well, it means we can find the gift in every set of circumstances that life is going to toss at us now today You and I we're going to go check on the circumstances 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 want you to know I'm absolutely grateful for your presence here Even more important than that though. It's during this next 53 minutes. I am here to serve you So feel free to give us call it 877-927-6648 now if you've got a question But you can't call in you can always send me an email send that early send it off to Steve at tfn.com Inside the subject heading please put radio show question Of course, if you're inside our targets, then well than any in every ping will do so let's go ahead and get this show Started on fantastic Friday. Of course, this is Tiger financial news network. I'm Steve Rhodes Welcome to the show see a mixed bag out there. You got the Dow trade down 72 points The S&P's up 17 NASDAQ 142 rustles up 12 some as are up 74 Trendy's up 50 New York stock exchange off 20 points got gold off 13 bucks Silver's down 20 cents like recruiters up 30 pennies That's a gas of 7 cents a 30-year treasury put out 119 18 that's for ticks to the downside our leaders in the clubhouse to the upside Micro strategy 42 bucks 7 percent super micro computer 40 bucks 5.7 percent masonite International 33 bucks 34 percent lamb research 26 bucks 3 percent. We've got some movers We also have some shakers booking holdings off 139 Expedia down 28 Metler Toledo 29 take 2 down 13 and Owens corning up 11 so we got movers and shakers of course. I want to look at what you want to look at. Let's begin Well, let's begin take a look at the equity futures. Let's go ahead and switch panels out here Give me a moment. We'll do that get over to the white background charts. We'll start off I take a look at the daily equity future contracts. What do we know? We know in the case of the e.s Many there's no top in place out here. There is a rogement and indicator signal That would require a bearish reversal candidate confirm a top We would then need to at least see a close blow that asset or change line currently printed 5008 In order to suggest that there's maybe some downside movement to the next level of support Which we down at 49 39 We can see that today is likely going to form bar number seven of a td9 comp That says that between monday and wednesday up next week This could so has to complete the pattern But this could be a short term top that would form out there in the case of the nq It's a day behind the e.s Many it's only going to form bar number six So the td9 counts we really need to kind of wait until probably tuesday wednesday up next week But we'll continue to mark those each day. It also has a rogement and indicator signal a bearish reversal candle Would signal a attempt at a top price would still also have to close below its asset or change line at 178 70 And then price might pull back towards 175 72 or 17683 That is not the pattern as in play as we speak right now Just giving you the Parameters to the upside to the downside. Oh to the upside right now. It's somewhat unlimited But we can take a look at that as well the dow equity future contract. It's a little booger It still has a rogement and indicator top but not because today's candle looks like it could be a shooting star It's because it formed a bearish ash candle back on the trading day of february the fifth That then that sets up the resistance as the high of those candles Well, that high was the prior day on the second and that's at 38 892 That's what price must close above to negate that signal. Does it matter that we have potentially two Signals out here. No, it does not it still has a top now that top would get negated Well, they close above the high I'm looking at the dow equity future contract. The high that needs to close above is at 38 892 level out there We can see that price right now is below its green answer and chains on so It's the weakest of the four equity future contracts that we take a look at So the dow could be signaling its intent to move back towards that 38 0 50 level That's the top of its current profile in the case the russell 2000 The russell 2000 Trading right now above a greenhouse center chains on that tells us we have a rising price asset above zero Those are bullish conditions. The next level of resistance for it is 2018 30 And the price were to close above 2018 30 really needs a little bit more more than that really needs to close above 2025 50 if you got that close you would trigger an a to b equal cd pattern to the upside It's not what we have right now conditions inside the russell 2000 are bullish consolidation oriented All out bullish breakout mode inside the es of the nq and they're somewhat neutral Inside the dow simply because price is still trading above the top of that daily profile So that's what's going on there. There was a request that came in So I wanted to get to this because individual that Asked a question. I said they're in a day trade inside the nq and they wanted to exit They're asking where is it? Where should they exit? So we take a look at these intraday charts out here for the nq And we'll just start from upper left and go all the way down to the lower right We'll skip the daily. We've already covered that we can see on a five-hour time frame chart All out bullish breakout mode price above greenhouse under change line price above The top of its profile only bar number six that is present. I do see a wave number seven signal I'd have to really go study that to see if that's truly in play Let's not spend time on that as we speak right now basil just finished to show He's likely covered some of those things the four-hour time frame chart bar number seven Full breakout mode again conditions price above all resistance top of its profile And it's green oscillator and change line same conditions for the 120 minute chart only bar number six Kind of getting the picture no topping signal along the top line set of charts out there the 60 minute time frame chart No topping signal there nor on the 30 nor on the 15 And on the 10 minute chart you are going to go ahead and confirm a teeny nine count top at 11 20 You are likely to price would really have to pull back In order to in this next Seven minutes in order to engage that signal now that says at 11 40 That the teeny nine count top will complete so you could take a look at that You're trying to get out You're trying to identify a place where you could get out on a short term basis The other charts say that they likely want to move higher But you're looking for the most conservative approach So what I would do knowing that the 10 minute time frame chart is in bar number eight as we speak What I would be looking for and I'll just switch down to a five minute chart for you We switched down to a five minute chart What we don't see out here is any kind of a topping signal What we do see if we start from the rally So I didn't you didn't indicate what time you got in but it was a day trade you said So i'm assuming you got in sometime this morning And if we take a look at coming off of that low out here This is again a five minute chart from 9 40 this morning what we can see here each bar We do not see a close below The low of a prior bar period period period to me if you're asking me And you're looking for maybe the first signal that there could be some kind of Indication that the market wants to move lower Maybe it's not a five minute chart This the only chart that I've studied just pull really just kind of pulled it up Was just trying to really answer your question out there And so that I would have to say that that might be the first thing that I would do Knowing that the 10 minute time frame chart as that TD 9 count pattern It's likely to form at 11 20 complete at 11 30 I might have said 11 30 to 11 40 so I'm at 20 and 11 30 out there If you don't get a close below the prior bar to five minute time frame chart for the NQ It's certainly not telling us that it wants to head lower Steve Rhodes with TFN hope that helps you out If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them Using a combination of fundamentals and technicals Sign up for rocket equities and options report today with a 30 day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of TFN.com TFN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible Get some advice from the experts You might find that it's not so impossible after all For daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at TFN.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 TFN.com Educating investors Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 And barely missed that mark again in 2019 Finishing at number two for the year An amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn And he shares his vast amount of trading knowledge every day In his mastering probability newsletter Steve's award-winning newsletter Mastering Probability Is delivered every trading day with updates throughout the afternoon Sign up for Steve's market newsletter Mastering Probability And you'll receive access to seven of Steve's educational webinars Absolutely free At TFN.com All our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about Visit TFN.com And try mastering probability 30 days risk free today At TFN.com Educating investors TFN.com has launched the Tiger's Den Hosted at Discord TFN.com has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours The Tiger's Den Available to all Tigers and Tigresses For just $1 for the year There's no catch 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 TFN.com Toll free At 1-877-927-6648 Internationally At 727-873-7618 Between the NQ trade and hire It looks like it wants to continue to trade higher Just that very short term potential topping signal The timetable timeframe chart And the Dow Suggesting it wants to move lower out there So we've already covered the daily timeframe We're looking at the Dow equity future contract Looks like you're going to have a confirmed Arroachment to mitigator top on the five-hour timeframe chart Although this candle doesn't close that too But right now you've got the bearish reversal candle You've got price trading below profile support The real key level of profile support that I'd be watching For the Dow equity future contract Really comes from the 120-minute timeframe chart And that's because price is sitting at support So what the Dow equity future contract did It has now completed its A to B equal CD pattern Actually completed it right here That was back at $1,600 That was back on the $1,600 on February the 2nd Then we've got another one that firm Here's a key reversal bar That just confirmed at 10 a.m. out there So watch support Now this is a bar that we're currently in Doesn't close until 12 noon Okay, so you've got 12 noon then too So the level we're watching is 38-7-15 A close below 38-7-15 Is going to suggest that the Dow equity future contract Wants to trade lower Now I've got on the 120-minute chart Price at support On the 15-10-minute chart Price forming TD9 count bottoms What that says is that also a close below This is intraday-wise now 38-7-08 is going to suggest lower price out there So you've really got two timeframes Three timeframes to watch and observe That's going to be the two-hour timeframe chart For the Dow equity future contract The 10 and the 15-minute timeframe Just to assist you on market direction At least for those two instruments out there Alrighty, so let's do this We just have a few questions that have come in So let's not get behind on those And would love to have many more So again, Steve at tfn.com 877-927-6648 Or any ping inside the Tiger's Den The first question coming in from Phil Inside that Tiger's Den Wants to take a look at Toyota Motor And we take a look at Toyota Motor Toyota is going to go ahead And complete a TD9 count top today That TD9 count top Also, what the TD9 count top should do Is take price back to support Well, this is a bearish structure profile That is forming right now And that says That the next level of support to the downside Phil is $220.98 If price closed below $220.98 The next level would be that green oscillator And change line That's going to change But it's currently printed a 214 and change out there Below that would suggest $210.13 I'm going to suggest That if price closed below $221 We're likely to see that $210.13 level Because then that's a bearish structure Daily profile With a TD9 count top And sellers should be able to push price back to That level of support out there So you were looking for a potential Three drive to a top out there And it was inside the Tiger's Den And what I was just indicating To Phil And I just want to be able to share that with everybody Because it's something to really consider Toyota Motor You see a lot of gaps out here These gaps are meaningless The reason that Toyota Motor has gaps Is because the Japanese yen currency conversion That's going in place If you really wanted to either be long or short Toyota Motor Go get exchange data from the Nikkei In my opinion Take a look at how the stock chart is performing there And the stock part of patterns They would work on this system I just don't have access to the Don't want to pay the exchange fee And everything that goes along with it Just don't need to do that But that's what I would really do If you really want to Really, if Toyota Motor really becomes an area of focus for you You should want to be able to access that But you do have that topping pattern on the daily timeframe The weekly timeframe is in wave number seven Of course that needs a lower high to confirm The earliest that could take place would be next Friday The monthly chart is going to go ahead and confirm A TD9 count top at the end of February But it could complete that pattern in March out there So right now I'm going to go with this Looks like it's a short term-ish type top out here With Price first pulling back to the 2020-98 level out there So that was the first request from Phil But he had a double He wanted a double play And that double play said Please take a look at instrument OMCL So that's what we've got up on our screen right now And OMCL Is going to form bar number nine Mr. Phil He's a TD9 guy And apparently And today's going to become bar number nine That says that Omnicell Shoulder could form a bottom Between today and Monday out there Now this is kind of a widest ranging bar out here So I'm going to go with today is not likely the day So you want to come back And maybe we can do that together Maybe if you remind me on Monday We come back and we can take a look at Omnicell Because what we want to do at that time Is take a look and see if there's some type of intraday signal For example This is the 120-minute time frame chart There is no signal there Let me just go back to a 30-minute Kind of the default time frame out here So on the 30-minute time frame chart You can see it has the arrangement of indicator signal And that it needs a bullish reversal candidate to confirm that But what we can also see out here Is that that red oscillator change Is still a key resistance out here for Omnicell So I think it's more likely Going to be more of a Monday potential bottom Than a Friday potential bottom out here The weekly chart looks horrible It's negating a TD9 count bottom As we speak right now That TD9 count bottom formed out here back in November And on the monthly time frame chart Of course it's early in the month out there But it closed below the November low out here That November low 2023 is at 2872 If you close below that You negate its rose momentum indicator bottom out there So with regard to Omnicell I'd say come back to it on the Monday, Tuesday Of next week Let's see what's going on there And I hope that that'll help answer all of your questions Let's go check in on that soybean trade out there Let's go see what's going on with soybeans out here This is a two-sided version of a trade out here And what I mean by that is First the active contract is March If you take a look at March right now That'll pop up on your screen March does have a TD9 count bottom pattern out there Only a close below that low And that low is 1189 Would that pattern get negated? On a weekly time frame chart for March This is somewhat problematic Because a close below the low of last week Which was 1186.75 Negates its TD9 count bottom And that says we should be prepared for lower price Now I've got the March contract up here We probably have to get the continuous Up to really get a feel for where that next level might be But right now I'm just going to go with the lows For May of 2023 out there right now Which shows up as a swing low When I take a look at this contract out here So the daily time frame Still has that bullish TD9 count bottom But man that weekly chart is saying Just be careful out there Now let's go switch over and take a look At the November soybeans contract As well as the other two that make up SOYB And again I would have chosen SOY Something other than B out there You know because it sounds like I'm saying SOB So why would they do that out there? I know because it goes with soy I said just get rid of the B So if we take a look at SOYB though That instrument contains these three Future contracts for soybeans That's the May 2024 contract We were looking at March That's the July 2024 contract And it is the November 2024 contract Where we were looking at a TD9 count bottom pattern Inside of March We don't have that pattern Inside any of these three contracts The only thing that we have here Are Roadsman Dominicator bottom patterns And they need It probably does mean for beans But you know what I mean Bill And you're sitting there during the show And you're saying to somebody SOY It doesn't sound right out there I'm just saying sometimes Maybe they want to think that one through Of course they weren't really Thinking that people Would be using it for a show I suppose But in that event out here The July, the May, and the November Soybean contracts do not have bottom patterns Even though SOYB does So we're going to continue to monitor this trade Why? Because we're about to Or we are in a very favorable seasonal time frame cycle Soybeans have had the schnocker in control So we would like to be able to find a bottom We're going to try to do that together As a team that's you and Steve Rhodes with TfN Gold Report As a precious metal gold is still king It continues to hold the most effective safe haven And hedging properties across the global major trading hubs Of the London OTC market The US futures market And the Shanghai Gold Exchange The Gold Report Tom O'Brien publishes his weekly gold report Every Monday morning for subscribers Consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, The South African Rand As well as 25 different mining equities With specific buy-sell recommendations The Gold Report New subscribers get a 30-day money-back guarantee So you have nothing to risk Subscribe To Tom O'Brien's Gold Report newsletter now At TFNN.com You have to practice, sure, but you also need excellent instruction from experts At TFNN, you'll get advice and guidance from the authority in 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 Are you ready to take charge of your financial future? 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Tune in live to Tiger TV and transform your trading journey Because when you know better, you invest better Join us and experience the difference today TFNN Educating Investors Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com and hit watch Tiger TV That's TFNN.com and hit watch Tiger TV Welcome back folks, you're going to hear blabbering Maybe I've already seen some of its start out here Talking about how five stocks are making up 60-some-odd percent Or what have you of the move inside the S&P 500 And what they're trying to do I suppose is make us believe That the other stocks aren't participating inside the rally I'm here to tell you that the stock charts tell you There's nothing that could be more false than that statement I don't understand why they should be so misleading out there What the hell do they have going on? That they need to be that misleading And how do we know that? If we take a look at the equal weighted ETF for the Qs As an example, that's called QQEW It formed a new all-time high already this morning Same thing that we've done inside of the Qs out there So to suggest that there's no participation in the markets Out here by any of the other instruments is just absolute bogus false Unreliable information out there That doesn't mean we don't take our signals and information From these equal weighted ETFs Because we do out here in the case of the RSP That's the equal weight for the S&P 500 Made a new all-time high just a few days ago But right now if it did form a bearish reversal candle today Right now it's a bearish sash That would generate a topping condition That would suggest that price would pull back to support Which is between 156.10 and 157.38 The same can be said with regard to the Dow It has a bearish roadsman-dominicator top That would be negated with a close above 33.41 out there But the idea that people want to put into our head That the rest of the stocks are not participating in this reality Is just absolute horse manure out there Because that's not what the charts are telling you and I So I simply wanted to make sure that we pass that along to you And we certainly want to keep our eye on that global flow of capital As we fit new all-time highs today In all those other major currencies out there Let's go back to a couple of requests that have come in And then I can go on to a soapbox after that And this next request coming in from Joe D inside the tiger stand Wants to take a look at ticker symbol CLSK out here We take a look at CLSK It's traded right up into resistance And so it gapped up into resistance this morning, Joe And that was the TD9 count breakdown level That was at $1347 Now as price is moving into the swing point Let me just open this up Make sure I grab the right swing point out here That would actually be this swing point From the trading day of December the 27th The volume out there was 27 million shares So far today you've done 39 million shares As long as price closes inside this bar And what I mean by that is above $1224 That is going to suggest at least a run for the high Has it hit the high? Let me see the high out there I don't know if it hit it or not But we're going to go check That high $1356 Today $1360 Yeah, it's already hit it But if you close back inside there with volume It should go at least tag that level again out there So the daily chart looks good It's just that you're up at resistance areas So it's pushing with volume On a weekly timeframe The weekly timeframe has to close above Doesn't look like it will do it this week But it has to close above The week of December 29th We were looking at that basically on the daily timeframe And it would be a close above $1356 That would negate the TD9 count top Now, when you get a TD9 count top It's supposed to take price back to support In fact, it did that That was the bottom of its profile at $690 So that test is over Price is trading into a swing point That has volume out here This is the swing point from December 29th On a weekly basis 111 million shares This week you're moving up into it with $137 What does that tell us? That tells us the weekly and the daily Are generating the same signal That we should see price back up at those highs out there But you've got to deal with that breakdown resistance level, Joe That again is at $1347 If price can close above that Your next area of resistance would be $17 And then $1848 So that's what I see when I take a look at CleanSpark Inc. out there I hope that that helps you out And as always, thanks so much for the request Sandy wrote in And Sandy wanted to take a look at Energy Transfer E.T. is the ticker symbol out there And her question specifically is higher or lower So to answer that question Let's go see what kind of patterns we have out here So when this formed a high I see a wave number 7 top That's letter G So that qualifies that The very small portion of the Chapman wave out there But we do have that top Price then closed below the bottom of its profile That was back on the S6 out here So that was this week That was on Monday, Tuesday, Wednesday That was on Tuesday of this week Price gaps down There's a new profile that is forming right now And here is a bullish structured profile Price is testing that bullish structured zone area So Sandy, you're going to be able to answer this question Not me, Mr. Mark will answer this question That is, this new profile has support in the 1388-1396 level And it doesn't necessarily matter where it's trading right now to 1135 But if price closed below 1388 You'll close below a bare structured profile That top of wave number 7 pattern out here That's going to suggest lower price out there Now, it's not like today would be at the C point of an A to B equal C We haven't had enough of a retracement out there If price on the other hand can close above 1396 It doesn't have to be today Just has to be as long as price doesn't close below the bottom of that profile But if price can close above 1396 The answer to your question of higher or lower would be higher And the reason is because that is a bullish structured profile And if price can close above the center of a bullish structured profile Remember the center you have both buyers and sellers Let's assume it's 50-50 At the bottom you have 100% sellers So now you've got 150% of the, I'm sorry 100% buyers Now you have 150% buyers that should be able to push price up Again to resistance that would be the top of that profile So we don't have the answer I don't have that answer for you The market has that answer The cool thing is this new profile formed today So you've got the information right now Fresh right off the press out there And you'll be able to answer that question at days end out there Do I see anything else on this stock chart? Well a couple days ago we traded a bit lower We had 16 million shares on that day So far today we're 2.8 So price is sort of pushing lower But doing it with lighter volume out there I would expect or anticipate that the bottom of that support level will hold It's not a guarantee It's just that I would anticipate that that's the likely outcome On a weekly basis price is consolidating with inside its profile 13.31 I'm sorry 13.81 is a level of support So you've got 13.81 and 13.88 out there You're getting at a monthly TD-9 count top It would appear in order to do that Price is going to have to close above And this is at month's end 13.15 out there So it's got the potential for a top Not that I see that on the weekly timeframe out here So higher or lower I would use that daily profile Sandy to answer that question I hope that that provided with the information That you were looking for Jane wrote in And Jane would like to take a look at Tesla Take a simple there obviously T S L A And the question was is where is it headed And where it's headed So it's got a beautiful Arrogement of indicator bottom It formed that with that nice bullish engulfing candle It did that on Tuesday of this week out there Now you have price reformed a new daily profile We formed that daily profile and you were wondering I know Jane you were wondering Why did price stop where it did today And the answer to that question is Whoops Stevie Pay attention What price did today was around right in the resistance at the top of its profile And that's at 192.09 So just note that on your pad of paper The mere fact that we're up at the top Does that mean that the rally is over It could mean that It could mean that we're getting ready for to set up a small a to b equal c The I just don't know There's many options here Let's take a look at volume The last time that Harris was up at this level Was back on the trading day of January 30th The volume on that day was 109 million shares So far today Tesla has done 43 million shares That tells me Tesla is pushing Into that swing point with volume So on this way up it has more volume Than it did the last time that it was out there Your question is where is it headed Right now because it hasn't broken through there I'd have to say it's a consolidation With a nice Arrogement of indicator bottom With price consolidated between 181.42 And 192.09 Steve Rhodes with CFNM Currencies, commodities and bond markets Are as important as ever right now With how they're driving the volatility In equity markets across the globe Which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report Teddy Kegstad breaks down the Forex markets Every Monday using his 30 plus years of experience As a trading veteran of futures, forex, stocks and options Teddy releases his weekly Tiger Forex Report Every Monday morning with coverage of all the major currency pairs Including the dollar index, the euro dollar, pound dollar Dollar Swiss, dollar yen as well as many 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carefully before investing An investment in the funds is subject to risk Including the possible loss of principal The funds are designed to be utilized Only by sophisticated investors Such as traders and active investors Distributor for side fund services, LLC This program is brought to you by Vista Gold Traded on the NYSE American and TSX Under the symbol VGZ So you know it's only fit in Super Bowl weekend That we get a call from Robert in Kansas City Robert, thanks for doing that Thanks for holding, how are you today? Happy Friday, yeah thanks for taking my call And go cheese Sure, happy or Friday probably for you Now have you been a resident of the area for a long time? Yeah, yeah I'd consider it home I've lived here for over 20 years So Okay, okay So what's the excitement like? You know this weekend out there Big parties, I've got to be big parties going on I imagine the stadium will be open to And all kinds of fancy Oh yeah, so prior to like the last four or five years I mean you know the cheese I mean we just didn't have that We didn't have a winning team So it's really the atmosphere and the vibes changed So Yeah it's nice to have a winning team Isn't it? Very positive for the city Yeah, yeah it's a cool thing It's absolutely a cool thing And we've been fortunate down here in Florida To have different teams and a win championship So it's certainly a blast So it just kind of pulls the whole state together So to speak out there So I wish you luck I don't have any skin Yeah I don't have any skin in this game I'm just looking for a really good A really good football game And I think we'll get one We should get one I hope we get one You bet So you're calling about the TLT Basically so the 30 year treasury And tell me what you're trying to do And you know are you more of an intraday Or more of a swing type move What is it that you I'm not an intraday So I called in last week And I took a long position And I only held it for a couple of days And I really don't like doing that But I just started turning to my stop Sure So anyway I'm glad you did that I'm glad you did that by the way I was in my position and that's fine But if you look at this On like a daily In a weekly basis Do you sense on where this is going? I mean if I look at it on a daily basis I'm thinking that it's You know it looks like it's Getting close to support If I just look at the TLT And I know you look at the treasury features Which is kind of cool as well I'm going to put the TLT up Yeah I get the TLT Yeah I'd just like to get your Kind of thoughts and analysis On a daily and weekly basis Please Yep okay So the TLT Now with regard to support Robert I'm assuming that the support That you're looking at Is going to be the bar from January 24th You know prices That's got volume of 54 million shares Yesterday price traded into it With 50 million shares A little bit more than you'd like But still lighter Today so far you're at 10 million shares Which is much lighter That's like a 30-35 million share a day likely Price and that is a TD9 count bottom So fine to watch that for sure I would have shared with you Or will share with you That if we just focused on the TLT Didn't look at the 30 or treasury We would say that price actually closed below support Yesterday And is trading below support today And the reason is because we would utilize Those market profiles Those market profiles Show that this was a bullet structure profile Between 94.06 and 94.46 out there So price will be trading below support Price is also trading below the support Of its weekly profile So both of those signals suggest That we should have lower Which is really what you were saying But you were also saying We are headed back toward support And that is also I would say correct Because it was that TD9 count bottom And price is coming in there But it's still below We don't know if that support level Will hold or not And the only way or one way That we would look to add additional information That maybe that low is going to hold Would be seeing some type of turns On an intraday basis So for example This is a 30 minute time frame chart That we have up on our screen The 30 minute chart shows both erosement No, it just shows erosement To mitigate our bottom pattern The 30 minute chart unfortunately This can't be right Hold on a minute here I don't have any profiles And I know that's not right So let me just This obviously my template is not correct So if you give me a moment I want to be able to give you that data I don't want to bring up a chart And then not be able to provide you With that short term date out there Okay, great So we've got that erosement to mitigate our bottom Price is trading with inside a profile And 94.15 has been that level That price has been struggling to get through So 94.15 Now I'm going to look at the ZB The 30 year treasury contract But I'm going to put this to a 120 minute time frame Because it's a 120 minute time frame That we're going to focus in on On the 30 year treasury Just to be able to provide you With where that real resistance level is And the reason I wanted to put up The 120 minute chart here Is to see if we had something similar We don't And the similar is that price found resistance Right at the top of its profile But before I switch over From TLT Is there anything Any other questions that maybe my review Created in your mind That we can go back and take a look at Any other questions that you have No, let's look at the treasury futures now Okay, perfect So remember on the daily TLT That's a bullish structured daily profile out there I don't recall what it is on the 30 year For its daily time frame But we're going to find out And we take a look at it on the 30 year It is also a bullish structured profile Now, you can see the same TD nine count Bottom that it formed Just like the TLT did Let me pull this back a tad And so that would tell us That in order for the 30 year treasury To get bearish so to speak Tell us that it was definitely going to have lower You need to see a close below that low That low is 119 even Stephen Because price did close below the bottom of its Daily profile yesterday And it's trading below that again today It being 1923 We're likely to go test that low So I think your initial instincts With regard to the TLT That that is support I think we're going to see that same thing unfold here And then likewise If we get a close below that 119 That's going to set up an A to B Equal CD pattern to the downside Now with regard to like a weekly timeframe chart In a monthly timeframe chart Are they helping or what are they telling us The weekly chart is telling you and me It wants to go tag It's also done change on It says it wants to go lower And so does the monthly timeframe Like the TLT Go ahead I'm sorry I'm sorry Go ahead You set an A to B A, B, C, D down Where would the target on that be Excuse That's that's only if Price close below that TD nine count bottom But I will give you that target I'm going to do that off screen Just because it's easier for me to do that With that A to B equal CD tool And that would get us down to the 117 And change area So not too much below the 119 area That that would be the You know you'd start looking for then You'd start looking for a bullish reversal candle To confirm some type of a bottom out here But right now I think we have to go with the data that we have And that data Robert suggests At least a test of that swing low From the daily timeframe From that trading day of See here I think it was also the same day on the TLT Which would have been January the 25th out there And not until we see how that test unfolds We really know which way which direction In my opinion The ZB wants to head Now I mentioned the 120 minute timeframe chart And here's what I wanted to show you This is why I also think that price is going to go lower If we look at this chart here This was a key reversal bar That was a bar that completed at 10 o'clock It's a key reversal because Market was extended We know it's extended when erosement and indicator signals triggered I mean that's a no brainer there And a key reversal You have to exceed the prior bars high and low It did that And you have to close in one tick in the opposite direction Which it did We have a green bar out there But notice how price found resistance at the top of that profile That to the upside Would be the level that I would say Robert That if price were to close above that That would then signal that it's going to head higher That being One 2013 So to the upside I'd watch one 2013 That doesn't get taken out We're likely headed lower Does that make sense? That makes sense Thank you so much I appreciate it You bet I will And you do the same And I know the wife is uh Baking a bunch of superbowl Not good for Stevie's diet Robert Thanks so much for the call Take care 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 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 Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels With top-notch investing systems, strategies and techniques It's time to protect and grow your money with insight you can trust Join us live Monday through Friday during market hours For exclusive content that moves with the markets At tfnn we bring the trading floor to you Our seasoned hosts are here to answer your calls and questions live on the air Check out the Tiger's Den for just one dollar And follow us on YouTube and become part of our vibrant community And remember at tfnn we're so confident in the value we provide That we offer a 30-day money-back guarantee on all new premium newsletter Subscriptions and services You have absolutely nothing to risk So why wait? Tune in live to Tiger TV and transform your trading journey Because when you know better, you invest better Join us and experience the difference today tfnn educating investors If we take a look at AMD, what do we have out here? We've got a Roadsman to Mindicator top That was confirmed a few days ago with this dark cloud cover That was back on February 5th We have prices consolidating with Insight and Staley Profile Your support zone is between 153 and 162.31 And your resistance is at 174.72 to 177.78 out there The weekly chart looks bullish The monthly chart looks bullish for AMD So you just got to deal with what looks like Mostly a sideways consolidation pattern inside of AMD as we speak right now But you do have those resistance levels And you do have a top that is in place Just support has been broken So there's no reason to really short AMD At least as I see it at the moment Another request from Nicholas was a take look at Micron MU is the ticker symbol We take a look at Micron What do we have out here? You've got a Roadsman to Mindicator top We've got price that did Is kind of hovering back and forth from its daily profile This could be the second consecutive session Below profile support Which is at 85.01 If you get a close below 85.01 You probably at least get down to test the low From a couple of days ago Maybe it says it wants to get back to lower price Where would lower price be? So here's another thing I'd look at On the weekly timeframe chart If price is able to hold the top of its profile at 84.88 Here at 84.81 Then you can't get too openly bearish about Micron out there Because that's the weekly top of its profile So I think I'd be watching that weekly top of its profile But close below that Micron is likely going to head lower I'd say the next price target to the downside Could be 78.91 That's the center of its bullish structured profile We've got a request to take a look at LightSweep crude Here's what I can share with you with regard to that John And that is that price is trading above yesterday's high We're inside a bullish structured profile We closed above it with a wide-ranging bar yesterday It being the center of that profile Price should go target 78.62 out there I pay attention to your 30-minute timeframe Which has a rogement dominicator top out there So close above today's high That's what is going to signal to you that we're headed higher That rogement dominicator top took price right back to support The bottom is profile So the move lower could easily be over inside of LightSweep crude Folks, thanks so much for joining me Please have a fabulous weekend Enjoy the Super Bowl Those of you that are football lovers And we'll look forward to being back with you On marvelous magnificent Monday Have a fabulous weekend, folks Take care