 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 afternoon, folks. Welcome to the October 6th, the wonderful Wednesday 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. Hope everyone out there is having a great day. Hey, 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. We need to 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 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 just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here, but more important than that, that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial in at 877-927-6648. If you can't dial in, hey, we've got you covered there, too. Go ahead and send me an email. Send it to Steve at tfn.com. Please send it early. And of course, if you do send it, please put a radio show question in that subject area. And of course, in our Tigers Den, well, any 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. Coming to the show right now, get all the U.S. and C's trading to the south. You got the Dow off 329. That's about 1%. The S&P 37, that's less than 1%. The NDX 100, about 6 tenths of a percent or 86 bucks. The Russell's off one and a half percent, 34 points. Summai's down 27. Trainings are off 82. You've got the spot follow. Tonic's up two bucks. She's trading at 2338. That's up nearly plus 10%. You want to watch that come the end of the day. You've got gold up three bucks, silver's off eight pennies. We crude back a buck 67. She's trading at 77.26. Lead the charge dollar wise to the upside. You've got a Q&A brands. It's up 1950. That's 11%. Shopify's 17 or one to three tenths percent. Affirm Holdings, 15%, 17 bucks. HubSpot, 14, 15 bucks. That's up two and three tenths percent. To the downside is Mercado, Libre. That's off by 42 bucks. Nearly two and seven tenths percent. Moderna off 17 bucks or five bucks. Five percent, I should say. Booking Holdings down 18, about three quarters of a percent. So let's begin. What do you want to begin? Let's begin. Let's begin. Let's begin just looking around you. Let's go short term. Let's take care of the short term charts first. So we're going to change overtake, look at the four equity future contracts and the upper left hand corner. You're going to see a 30 minute ES mini. And that ES mini completed an A to B equal CD to the downside than that earlier this morning. And that led to a TD nine count top. It was bar number eight that identified that top out here. You can see that price is now pulling back and testing that oscillator and change line. If that level gives, then we should see price make its way all the way back. I'd say more likely than not to the 42, 79, 50 area. 42, 79, 50 is the breakout point. That breakout point is part of the TD nine count pattern out there. If price were to close below 42, 79, 50, that probably spells trouble for the ES mini for the rest of the day. If we take a look at the end queue, it was just getting its cues, so to speak, from the ES mini. And it went ahead and made a TD nine count as well. Now in the case of the cues, it got all the way up to its breakdown level. And that breakdown level was 14674. That's the number you're going to want to watch. In fact, because the price closes above that, I'm not saying it is, but if price does close above that, that would suggest a further rally. Now the TD nine count pattern, when you get that, the very first move is typically to that oscillator and change line. And that's what it's testing right now. I'm going to expand this chart out because this is really important here. We're really important to help assist us with the short-term signals. What I want you to see is that oscillator and change line, you know how we talk about when that changes colors, when it changes colors, that tells us that the price oscillator is going either above zero or below zero. When it turns green, it's above zero, which can be a bullish message. The real bullish message is when price gets back, test that oscillator and change line, test and reject it, get us a 30-minute chart. We won't have confirmation of that until about one to 130, exactly. But if price does test and reject that level, we should see price make another run for that 14674 level. What happens if price closes below that? Great question. If price closes below that because it's green, it just tells us about a further retracement. Now that further retracement would take us to either 14445 or 14479. So it's really an important test right now that's going on inside of the NQ. I don't believe we have that on the other equity future contracts out here, but let's go take a look at them. We've got the Dow equity future contract down on the bottom left, out here. This has just been consolidating with inside its profile. So its level to be watching to the downside is going to be 33811. And to the upside, 33979. Two consecutive closes above or below those levels out there will suggest or identify where price is likely headed to. Now if it's to the upside, price is likely headed to 34242. And to the downside, it'd have to say 33487 would be in the cards. The Russell 2000, she's the weakest of the four right now. The equity future contract off about one in six tenths percent. As we speak, you can see this generated erosement to mitigate her bottom. It is inside right now trading inside a bullish structured profile. The key level of resistance for it would be two consecutive closes above 2202. The support level is going to be that bullish engulfing candle, bull sash candle that formed here. The low is 219950. And that formed at 12 noon. A close below that suggests lower price. So the short-term timeframe charts right now are provided us with the best signals as to what to anticipate. So what is it we're anticipating? Right now we're really going to, because the end, I realized the Russell is the weak link out here. It's got a valid bottoming signal. So until that gets taken out, let's take a look at the watch the end queue because a test rejection at this 14571 level would suggest to move up to 14688. But let's just want, we got to wait for the bar to close only 113. You know, I'm not saying last call, you know, bar to close, but I am saying we have to wait for this candle bar to close out there. Now we can shift from the intraday charts, which we will. Let's go take a look at the daily timeframe charts. You get same for equity future contract. In the upper left, the ES many you'll see, Stevie's got a blue line at 42 93 75. That is the support level from its three river morning starts, Gartley by pattern. So price does close below that. That tells us that we should anticipate price would make its way to 41 9650. That would be its next breakout level. We take a look at the end queue. No bottoming pattern insight here, at least not just yet. You could get a hammer candle today. You absolutely could not saying that it will. But if you do get a bullish reversal candle today that it will join the ES, the Dow and the Russell 2000 with regard to Gartley by patterns and kind of interesting to do that as we are entering or have entered the favorable seasonal cycle. Short of generating a bullish reversal candle, the end queue should target 13 945 75. That is its next TD nine count breakout level. Now equity future contract also forming a Gartley by pattern doing it with that three river morning start, making the key level of support 33 478. But if I were to ask you, where's the key level of resistance? You would say Stevo pretty simple. The oscillator and change line that's at 34 145. The Russell 2000 also with a Gartley by pattern, its key level of support is 21 4690. The Dow down 271 S&P off 31 would love to hear from you folks 877 927 6648. We'll be back in about three minutes. 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 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. 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Back folks, I realized that I didn't change my screen so now you've got the daily charts up there in case you wanna take a quick peek at it. Nothing has changed, the numbers that I've given you those are the numbers you wanna put on your pad of paper out there to watch again. That's 4293-75, 33, 478 in the Dow and 2046-90 in the Russell 2000. That's what our first question, our first question coming in from Rachel in North Carolina. Rachel, thanks for sending in this request. Let's take a look at it. She wants to look at that chewy. So let's get the chart up on the screen then we'll go ahead and read her question. CHWY, is that a CHS? CHWY, so we'll get that data up on our chart and the question is, Steve, looking to accumulate chewy. I've owned in the past and looking for a trend reversal and how far down this could go before that reversal, Rachel in North Carolina. So as we take a look at chewy, Rachel, the only timeframes that we've got for our task market profiles, not intraday, I'm speaking about our daily and weekly, the prices below, oh, they're not showing, sorry about that, man, oh, man. Talk about the inability to multitask, stepping right up for that one. Okay, so now you've got your black background chain, charts out here. And what we can see here, Rachel, is that prices below both it's daily and now potentially it's weekly profile. Now, price is testing a swing point on a weekly basis for May 10th. That had volume of about 19 million shares. You're at about eight million so far, we're about halfway through. So you've got a similar type volume out there. I was hoping that what we would see on a weekly chart is clearly light volume. That level is being tested. That level, again, is 64.08. You've gotten down this week to a low of 63.42, and you're above that right now. But if you move into that swing point with volume, what it suggests is that that level is likely to be tested again. Let's go look at the daily, the white background charts to see if we can find any kind of signal. Now, there's clearly an A to B equal CD pattern out here. Let me draw that in before we get there. So let's take a look at the A to B equal CD pattern out here. The one that Stevie would draw looks like this. The A point, that's easy for everybody to pick out. Now the question becomes, where's the B point out here? You know, is it all the way here? That's one of them. And you could draw several A to B equal CDs, but I'm just gonna go ahead and come all the way down here to the trading day of September 15th. It's really my other charts that will help me out because I look for, on that B point, if it's not as clear, I look for some type of, in fact, let me just pull over the white timeframe charts out here. It was that A to B equal CD gets you down to about 50, 44. Not saying that's where price goes just yet, but let's go take a look at the daily timeframe out here. So let's populate this chart and see where we're at. So you've got a TD9 count bottom. Okay, interesting. And you also have wave number seven. So you've got two on a daily basis that we're looking at. You've got two potential signals out here. Now, in order for this TD9 count pattern to hold, you need to see price continue to close above 64, 23. So you've got a bottoming signal out here, Rachel. And I don't know whether you're an aggressive trader, more of a conservative, a middle of the road trader out here. But one thing that we do know, we can see that each time that price has tried to make a rally, it's been deflected by that oscillator and change line. So I would say even though you've got a TD9 count bottom and price is trading at 64.70, I'd rather buy this at 66.40 or 450, something like that once price closes above that oscillator and change line. So that's the first element. We're gonna go take a look at some short-term charts as well in the weekly timeframe chart. We know that price is testing. Okay, so it's bar number six on a weekly basis. If this TD9 count doesn't hold, you don't have that much further for price to find support. That's at 61 bucks. Of course, if price close below $61, that's the weekly TD9 count breakout level. That spells trouble. In fact, that would then say that larger A to B equal CD pattern would be in play. That was in the $50 type area. Now let's look at a short-term timeframe chart. Let's look at the 30-minute chart. So I don't have anything here. We've seen a little bit of a bounce today. I don't have anything here to suggest that any kind of resistance or significant resistance level has failed, not on the 30-minute chart. Let's look at a 65-minute chart out here. Again, we're just looking for bottoming signals. You do have that on the 65-minute chart, erodesment to indicator bottom, the 130, the same, the 195, the same, although that pattern has not been completed, confirmed, I should say, on the 195 minutes. So this is definitely trying to form a bottom out here, but I think it's based upon the way we've seen price action and the oscillator and change line, I'd be careful. And the reason I'd be careful is, look, there was a TD9 count pattern that confirmed that September the 8th. It actually didn't confirm until September 9th, but it was September 8th slow out there. And that didn't hold. So I always like to go back and see how well in the specific chart that we're looking at, does the TD9 count pattern work? And the prior two work just fine. Now, when I say just fine, remember, when you get a TD9 count pattern out here, the very first level we're price gonna head to is gonna be that oscillator and change line. And that's what it did. It was green tested and rejected that level. When this formed a bottom back in May of 2021, May 13th, that was a TD9 count. That was the bar following bar number nine. So it works, but I would caution you at this stage to take the long position inside of Chewy. So hope that helps you out. Thanks so much for writing in again that was Rachel in North Carolina. Next question coming in from Hector and the fuel injectors. And Hector wants to take a look at Microsoft. So let me get the chart up on our screen out here. MSFT, happy wipe out Wednesday. Microsoft is following a AB equal CD to the downside. So you've chosen for your 8.305. So on the daily timeframe, what were you choosing? You're choosing the eight point is from August the 20th. Okay, I'm on board with that. So let's actually draw in Stevie's A to B equal CD pattern. I'll do that would be the eight point. The B point is going to be the low from 920 and the C point is going to be the retracement into 923. So you use and use the exact same ones. Okay, so excellent. So the question is, so if so, the 1.618 area of 274. Yeah, I've got that. Maybe the buy the D point, the Calvary shows up. So that's an interesting point that you're trying to make. Now, you can see that this has already made the one to one A to B equal CD and then it made its way down to the one to 1.272. And so Kector, this already has a confirmed by the D point. That was generated with the bull sash candle on October the 1st out there. Now what Price has not done is not broken through a key level of resistance. And right now that's gonna be the top of that daily profile, 291.10. So it hasn't really proven itself to you. But if you do see Microsoft close above 291.10, I say we have to say, hey, getting down into the, you use the 1.618 level of 274. That'd be premature to call that. The other thing and why this might be a very valid bottom or might not, but one reason why it might be valid bottom is price on the weekly basis got back and tested its level of sport, the bottom of its profile at 2873. Now, this is a barestructured profile that Price is trading in. So on a counter trend move to the upside, you would expect Price to find resistance at the center of that level. That's at 290.14, the highest week's 290.88. But if Price closes above that, 293.28 is on pace for us. And it's really gonna be a close above 293.28, not 291.10, that would give you the all clear to the upside signal out there. So let's pull over our other charts. I think I've got the daily and weekly and then the 30 minute chart out here for Microsoft. So here you can see that bull sash candle. You can also see the oscillator and change line. So now we know we have a valid bottom. Price typically will go up and seek out that oscillator and change line. It'll especially do it if it's changing color. And so that level is 291.60, 291.69. And so if Price closes above that, that becomes a bullish message there on a weekly chart for Microsoft. Yeah, again, you know, just a hammer candle as we speak right now, holding the bottom of that profile and on a 30 minute basis, it formed a TD nine count pattern. And if Price closes above the high of the day, and that's at 290.88, that says Price wants to run higher. Steve Rhodes with TFN, we'll be right back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the Den and surround yourself with the sharpest minds in the trading world. 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Using this first-of-its-kind program, The Art of Timing the Trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. 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. I mentioned I went and saw Spyro Gyra last week. I think it was on Tuesday night, and I put on a great show. I was up in Orlando, and on my way back on Sunday, I had just kind of timed it perfectly so that I could stop and stop and see them in Stuart, Florida at the Lyric Theater. Now, there was an accident on the turnpike, so I was lucky enough to actually get there pretty much just on time. And another great show, actually, it was a better show. So the show that I saw was, I believe, the opening of their tour, and the sound was a little off and everything. But this theater, if you're ever in Stuart, Florida, I mean, this was like, you know, we, for my age, grew up there. We all grew up in cities that we had. Theaters got us in the city, maybe the one next door, next door to that. So I looked it up when I got back, and it was built in 1927. I knew as soon as I got there, and you tell just from the sound and the beauty, I mean, it's true icon. And it was like going, it just felt so good to kind of go back a little bit in time out there. So again, I recommend you go see that show if they are in your area. Just really, it was nice to see you. So John and the Tigers then asked a very specific question. It's about the GDX. That's why we're gonna go ahead and get those charts on our screen here now. Let's get to the right button. I didn't want to chat. I wanted to share my screen. And John's specific question is, as you see it, if the GDX rallies over what level does a GDX confirm a new rally phase? So there's really gonna be two levels, John, that we're gonna take a look at. First, although this chart doesn't show it, and you'll see that momentarily, we have both a TD9 count and a Roadsment and Indicator bottom that formed out here. And we got the bullish reversal candle. So we have everything that we need. Now what Price is doing, John, the very first thing is Price is trading with inside its profile. So we know where buyers, we know where sellers are located, and the sellers are located at $30.28. If Price can overtake them, then it's gonna be first down, tend to go to the upside, and that would be the first indication of a new rally phase or a change in trend. That would be the first level. To get to the second level, I've gotta pull over, we gotta find it. I've gotta pull over my other charts, my white background charts. And here we can see that that next level would be 3156. 3156 is the TD9 count breakdown level. So if Price gets above 30.28, odds favor a move to 3156. And if Price closes above 3156, that would be then the confirmed change in trend signal. So really, as we take a look at anything that tops or bottoms with the tools that I'm using out here, we look for those valid patterns. We got that valid pattern. Then we take a look at where are the profile levels? Those profile levels will become support and resistance. So now we've got support at 29.07, resistance at 30.28. And then for the PSD resistance, is where does Price head to next? If it's over that level, and that's 3156 and if Price can close above that, John, then you've got your absolute confirmed move. But if you're asking is there a bottom pattern inside the GDX for the daily timeframe, the answer is yes. If we take a look at the weekly timeframe, what is the answer? The answer is, well, maybe, but maybe not. There's an A to B equal CD that certainly is not completed here. That would take us to much lower price. You do have wave number seven. That occurred last week, so that's a potential bottom. On a monthly chart out here, as we take a look at the GDX, let's populate this. What do we have? Not much. So nothing to assist us here, nothing to indicate a bottom, but the daily right now is the one that's in control. If the daily patterns fail, then we know the weekly and the monthly, which suggests much lower price, even like 2210 on the monthly chart would be what it has confirmed. Now, quick peek at the 30-minute timeframe chart. As price was bottoming on the daily timeframe, can I say, what? Yeah, I can say that too. It was also bottoming on that 30-minute timeframe. Let's repopulate this, so it's key level, John. So it's a beauty, $29.90. Now, the green line's not going all the way across, but we can see here, if I just put my crosshair, that that, in essence, is where price has found some resistance. So another ideal area, on a short-term basis, to suggest that price is gonna continue, who fires a close, two consecutive closes above $29.90. So thanks for writing in. I hope that that helps you out with regard to the GDX. Quick peek, just see if we've got any other questions. Of course, folks, I would love to hear from you. 877-927-6648 or Steve at TFNN.com. We've got Rick from Oregon, and Rick, do you see any entry point to take a position in CLF? I believe that is Clif's Natural Resources. So let's go fire that up on our black background charts and take a look at its market profiles. Brand new profile formed yesterday. Now that profile was above the prior profile, so that is a indication of a trend change out here. Support being 1958 and resistance being 2136. I don't see anything else. Let's pull over Clif's Natural Resources, or Cleveland Cliffs, I get no Cleveland Cliffs. So did it change or maybe Clif's Natural Resources is a different symbol out there? Doesn't matter. Let's go back to the daily timeframe. On the daily timeframe, we did get a Rosemann Dominicator bottom signal. And we have a TD9 count bottom. So Clif's, your question was, do I see an entry point? So based upon the daily timeframe, yeah, you could enter now. Price this morning got down towards the bottom of that profile, 1958. So anyway, now, a slight danger here for you. Rick is that prices below this red oscillator and change line yesterday was day one above it. We like to have two consecutive closes. So let's just say as long as prices below that, I would try 1952, 1958, somewhere right in that vicinity. But if you're asking me, do we have valid bottom signals we do? Resistance, as long as price get back above that oscillator and change line is gonna be 2136. And then if price can do that, you're looking at 2424. That's the message of the daily timeframe chart. The weekly chart out here shows us what? It shows the Rosemont Dominicator top, which has taken price back into the support area of its slightly bullish structured profile. That says that support would be between 18 and a quarter and 2042. On a 30 minute timeframe chart, what do we have out here for CLF? Not really much. Nothing, nothing of significance. So no, no reason to, to spend time there. So I believe, Rick, we have, we've got your answer for you with regard to Cliff CLF on the daily timeframe. And thanks so much for writing in, listening to the show. And I hope that that helps you out. I don't believe we have any other questions. Do we have anything inside the Tigers den? Anything that you folks want me to take a look at out here? Well, one thing that we can certainly take a look at is we go take a look at lights we crude in natural gas. So those two things have been on fire, but it looks like the fire is about to be put out. And for what period of time, well, we're going to go be able to help you with that as well. So let's change screens out here while I'm thinking about it. Let's get over to our eight panel lights we crude chart. So you can see a nice TD nine count top. You'll see wave number seven, another potential top and A to B equal CD pattern. You've got a key reversal bar right now. So price is going to target what? That's right, the oscillator and change line at top of that daily profile in the 75.94 level. And if price gets below 75.94, you're looking at a potential move back to 71.61. And that would be the buy point. Steve Rhodes with TFNN will be right back. Are you in the market for buying or selling real estate in the Bay area, including the surrounding St. Petersburg, Tampa and Clearwater markets, Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. 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Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at TFNN.com for only $37.50. Sign up for David's newsletter, the technology insider and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money back guarantee. TFNN, educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade L-A-B-U or L-A-B-D. Directions daily SMK Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The fund are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. 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. So we're back to looking at LightSuite crew November contract out here. We see a couple of different topping patterns to sell the D-Point, the teeny nightgown pattern, wave number seven. All those should lead to price moving back to that oscillator and change line, which is really in line with the top of its daily profile. Price close below that. Then we'd be looking at a move to 73.76, 73.03, and even 71.61. And there's still be nothing wrong with LightSuite crew. It would just be pulling back to its breakout level out there. On the short term, we can see a bunch of topping patterns that are out here. I don't see any significant bottoming pattern. I see levels of support that are holding, like on the 16 minute time frame chart. It's a 77.57 level out there. Let's switch over and take a look at natural gas and see what it's doing. Similar set of patterns out. Oh, shoot, I've got to populate the chart. So let's see how long with everything I've got going here, it takes to populate. This all looks like it's not too bad right now. So we've got our eight panel natural gas chart. In the upper left hand corner, when it does populate, you'll see that price has made its way back, I believe, to the 2014 swing point. That's at the $6.49 area. So it hit it. It's a logical place for price to find resistance and pull back. That's what we actually see on the daily timeframe. I'll expand the daily chart out here. And on the daily timeframe, we now have a confirmed roadsman to indicator top. And with price below that oscillator and change line, remember that would be the first target when you get a top. Well, in this case here, you're getting the first target hit along with the topping signal. So where's the next move? Next move would be to $5.38. Below that, between $492 and $506. And below that, the breakout level of $4.60. Again, nothing would be wrong. It'd be a big pullback, $6.40 down to $4.60. But that is its breakout level. But first things first, price closed below $5.85. You gotta anticipate $5.38 is next up on the charts. We take a look at its intraday timeframes. Each of them have topping patterns and signals. And now if we look for anything that's identifying a potential level of support, it's back to the 60-minute chart. Let's expand the 60-minute chart out here. It's in bar number eight of a TD9 count. It's the low of the pattern. So we know that a TD9 count on a 60-minute chart at any time frame can't occur on bars eight, nine, or the bar following nine. So you've got a potential valid bottoming signal here, suggesting some type of bounce, bounce to where as you look at the 60-minute chart? Because you guys are getting great at this. That's what I want you to be able to do is to be able for me to pop open a chart and for you to take a look at it and say, okay, I see the potential bottoming pattern because a TD9 count hasn't confirmed just yet. We need two more bars. Well, we need two more bars. Certainly it's in bar eight right now. That says you wouldn't get a signal here until 230, but where should price bounce to if we get that bottom? Of course, it's the answer that didn't change that. But even more so now because that line changed colors about two bars ago. And that gets us up into the $6.05 area. So that's what's going on. We take a look at natural gas. You're gonna get different messages for different time frames. Well, we do have resistance on the monthly. We do have the weekly doesn't have a, well, I take that back. Well, let's not call anything on the weekly just yet. It does have a shooting star candle from last week. So that certainly is a sell the D point pattern out there. And right now on this week, you've got a shooting star as well. But the daily is the one that I would hang my hat on at the moment and that's suggesting lower price. And that was natural gas. We had a request to go take a look at the best. And BEST is the ticker symbol. So let's go change screens here and we'll get to the black background charts. And you're gonna see that best is moving into two levels of resistance, right? I put this chart up, you can take a look at it and you can then tell me exactly where price is going to or where is it gonna find resistance? And really that's what this show is all about is rather being able to teach you about these tools, these patterns so that you too can go ahead and all I'm doing is narrating. I'm just narrating what the charts are communicating to you and I. And that's beautiful because then we get consistent or try to get consistent. So 194 to 197 Dan is where your resistance level is. That's the top of the daily and the weekly profile. Now above that, we would expect price to make its way to 250. 250 is the center of its bullish structured monthly profile and that would be the natural counter trend resistance move $2.50. Now let's pull over BEST on our other timeframe charts and see what other signals we might have out here for Dan. We begin by taking a look at the daily timeframe chart. As we populate this, we're gonna see what? We don't see any kind of a topping. Well, I mean, it doesn't look like it really completed the A to B equal CD because the A point is down here. The B point is right there, but let's just simply move this. Sorry about that. Let's try to move this bar over and I take it back. Okay, so it did complete an A to B equal CD pattern out there. So you got to sell the D point. That confirmed with this little bear sash candle, bear separation candle, the whole nine yards. But what did price do? What did price do? Didn't give me any field that price would stop right there. Maybe that was a retracement level. But what we just simply need to know right now, Dan, is that price, we had a valid top. Price is above a green oscillator and change line. That says if price can close above $194, that should continue to move higher. Move higher to where? Well, let's go take a look at the weekly timeframe chart. I really think we gave you the move higher and it was on the monthly chart out there. On a weekly timeframe chart, you're gonna be in bar number seven of a TD nine count. That says that we may not see a top. If we do, if this pattern completes out here for another two to three weeks out here, that's certainly enough time for price on a weekly basis to make it to its resistance level. So we talked about the top of the profile, what's above that, the breakdown level. And this had a nervous breakdown at $2.73. So that would become the next target to the upside. On a monthly basis, on a monthly basis, what do we have out here? A TD nine count. So you got a TD nine count. And that says Dan 221-250 is up next for sticker symbol, B-E-S-T. You gotta love that. Now just quickly take a look at short-term timeframe. I don't have anything out here other than price getting back to prior highs, not that that's not nothing that is something out here, but no other signals that I can provide to you. So you've got that resistance, you've got the resistance levels, price being above the oscillator and change line, it should be able to make that move. No other quote, I do have a question. This one coming in from Marie. Marie writes it and she says, please review NUE. You got it. Let's get these fired up on our white charts. Let's get these fired up on the black background charts. And what we're gonna take a look at is, the question is, please review it. I own it from 77, trade at 94, that's good. And wonder if I should add about here. So Marie Price has pulled back today to a brand new profile. That can be a buy point. That buy point was at 94.88. You're trade at 95.83. Price last week, this week, the week before has found resistance at the bottom of its profile, that's at 94.50. So you do have some signals that say, okay, we've got support holding. So the question becomes, can we find some type of a bottom out here for Marie? Let's go take a look at the daily timeframe. As price is moving lower, what is it doing out here? Just pulling back to a breakout level. So here's what we're gonna do, Marie. And this is why the power of the oscillator and change line. All rallies have found resistance at that oscillator and change line. So since you already own it at 77, I'm gonna suggest that you wait for this to prove itself to you. And that would be a close above that oscillator and change line. Really like two closes. But anything above 99.21, I know you're saying, wait a minute, Steve, you're telling me to pay $4 and 15 cents more or so. Yeah, because I don't really have, I don't have a confirmed bottom out here. We do have price pulling back to its breakout level of 92.04. We know there's a couple of areas of support that so far have held. That's the daily chart. Let's go see what the weekly chart communicates to us. Nothing more right now than prices pulling back to that breakout level. Let's look at a short-term timeframe chart. Do we have any kind of bottoms that have had some follow-through and taken out resistance? We don't. That's a 30-minute chart that we're looking at. Real quickly, how about the 65-minute chart? Any patterns, any bottoms? Nada, zip. So yeah, Marie, what you're gonna do is you're gonna hold off right now and you're gonna wait to see what this does. This is hold support 94.88. If not, it could be 92.04. But you want price above that oscillator? Unchanging. We'll be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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. 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So we saw the NQ, our focus was on the NQ because that was providing us with the most important information, which was price was pulling back, testing that oscillator and change line, which had just changed colors. As we said, if you test and reject that green line, that's a bullish signal and price should make its way up to the 14674 to 14688 level. Well, that's in fact what it has done. But what we can also see is prices struggling to take out that resistance level. That then is, the candle's not gonna close for another four and a half minutes out here, but boy, that tells you just how important 1468825 is. If price closes above that, that suggests a further rally. Inside the ESMini, the level to be watching to suggest a further rally or where you would wanna sell the ESMini is its TD9 breakdown level. That's at the 43, 38 level. In the case of the Dow, it's got a ways to go before it gets to its breakdown level, but price is above the top of its daily profile, closed above it at 130. This bar looks like it'll close above it as well. And that suggests that the Dow wants to make its move to 34, 242. And the Russell 2000, it's dealing with resistance right now, right at the 2202 level. Price can close above that, doesn't have to close above it right now. You can do it during the next half hour. So these are the levels just simply that you're watching. If price can do that, it can make its way back to the 22, 26 area out there. So that's what we've got. I don't see anything else to really focus on and pay attention to other than just to restate we're in the favorable seasonal cycle. You've got a Gartley by pattern in the ESMini, a Gartley by pattern in the Dow, a Gartley by pattern in the Russell 2000. Everybody's just hanging out, waiting for the NASDAQ 100 or the NQ to generate that same kind of symbol signal out there. And then maybe that's what leads to the rally into the end of the year. But Stevie says maybe, because there's always a possibility that maybe not. Hey folks, thanks so much for joining me here today. Two more great hours up next, your favorite polar bear, David Whites up next for the Power Trading Hour. Tom O'Brien, he'll take us on home and I'll be back with you tomorrow on terrific Thursday. Have a wonderful Wednesday, folks. Okay.