 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge now Steve Rhodes. Today folks, welcome to the January 24th. I believe it is the 24th. Well, it is the 24th and is the marvelous Monday edition of today's Trader's Edge show. I'm your host, E.B. Perseverance Rhodes, who absolutely knows and should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Yeah, let's make sure we have an extraordinary one and the easiest way to do that, well, it's to always remember that life is happening for us, not to us. That's right, when you and I can make that one little two by four shift, well, it means we can find the gift in every set of circumstance that life is gonna toss at us. Today, you and I, we're gonna go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed, well, it's just past eight o'clock in the morning. So if you are listening at the normal time at 107, we will go ahead and try to make this show as pertinent as we can. In fact, all the shows this week will be recorded between eight and nine, so please join us live if you can, and if you are listening to us live, we would love to hear from you. So we've got three different ways for you to do that. You can always give us a call, 877-927-6648. That's the first way. The second way is to send me an email. Now you can send it to Steve at tfnn.com. Inside the subject heading, please put radio show question and please send it early versus late. We can't control the ISPs. Oftentimes they get emails after the show out there. And then of course, if you're in our Tigers then, well, any and every ping will do. So let's go ahead and get this show started on Magnificent Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to Let's Show, right? I've got all the U.S. equity futures trading to the downside. The Dow is off 121 points, NASDAQ 177, S&P 32, Russell down 13. It's one and a quarter percent for the NASDAQ, otherwise four tenths were sent for the Dow, seven tenths for the ESMini, six tenths for the Russell 2000. An age last night, a bit of a mixed bag. We had both the Shanghai and the DK trade hire. Really the Shanghai was flat out there at one point. Hanging saying off 300 points, one and a quarter point out there. And you're up this morning, just taking a look at the DAX and the FTSE, they're off, the DAX is down 2%, 333, the FTSE is off 102. She's trading out at 73.91, gold's up 9 bucks. Silver taking a bit of a breather, down 20 cents. If we take a light sweet, Crutus off 38 pennies, natural gas back to 2 cents. 30 year treasures up three ticks, she's trading out at 156.01. Over the commodity space, she got wheat futures trading up Tad Hire, soybean meal, just a Tad Hire, lean hogs up about nearly 2% out there. U.S. dollar index, I now do have a 10 minute delay here. It's up 359 ticks, she's trading out at 95.99. Now, what does all that mean with regard to where things are trading? Good question. Let's just go look at our nine panel market update chart. Give us a quick synopsis, now we'll go take a look at maybe more detail of what's going on. But here you've got in the upper left-hand corner, you've got the ES mini. And you can see that the ES mini right now is targeted or has made it to it's 1.618. You don't see the charts. Charts are up. So now we've got a problem. Now we must have a technical problem. Charts, charts, charts. I'm gonna guess it's coming from the production room. So I've got to guess, you guys can hear me? Or Al, if you can get the, it's posted. Yeah, I hear you, John, charts, charts, charts. They're actually being posted so we've got something going on inside the production facility. Come on, Al, get those things posted, would ya? Makes it kind of hard for everybody else to see what we're looking at out here. So I'll, not sure what to do here. We've got four minutes and working through some computer problems. Okay, so we've got some computer issues out there, folks. So some of this maybe we'll repeat or we'll come back and take a look at it. But let me just try to express to you, explain to you what it is that I see out here right now. And that is with regard to the ES mini. There's an A to B equal CD to the downside. Now an A to B equal CD to the downside. Yes, it's up on YouTube, not in the den. Okay, hey, thank you, Dana. Perfect, thank you, Z. So that's good news. So with regard to the ES mini, you can see the A to B equal CD down pattern. And you're at the 1.618 expansion of that level. The next area, or price target range, would be down at 4268. Now what we wanna be on lookout for is some type of bullish reversal candle. I'm not suggesting that's gonna happen today. I don't know whether it will or it won't out there. And we'll try to break that down where there might be an indication that that could take place. But right now, if we did get a bullish reversal candle for the daily timeframe, that would be setting up a bottom, and at least a bounce, and it should be a fairly significant bounce because of how oversold the markets are. If we take like that spotball of Tildian, let's see a chart next to it in the upper panel out there. You can see that's well above its 50-day exponential moving average, which is printed at 2073 in the spot fix at 3108. The NQ has only made the, just below the 1 to 1 A to B equal CD. So it's price target, 14092 would be the 1.272 expansion. When I say expansion, folks, I'm referring to the A to B leg. The A to B leg, we measure it as, that gives us a total move. And once the C point forms, we then have that same total move. That's what gives us the 1 to 1 level out there. But you don't want to just buy or sell a 1 to 1 A to B equal CD, but I mean, you can do whatever you want. You'd really like to get a confirmation of that. And that would start certainly on the intraday charts, which we'll certainly take a look at. But right now, from a daily perspective, the NQ looks like it wants to go target the 14092 level. The US dollar index, this formed a nice Gartley buy pattern. It did it way back here. So when I say way back here, it's on the trading session of January 14th. Now price above the top of its daily profile, believe it's right now above the top of its monthly profile. Well, 96 bucks. So the US dollar index looks like it wants to move higher. You've got gold moving higher out there. Maybe that confuses some folks, but if we go take a look at the Goldilocks, in fact, I think I can do this relatively quickly. And we come back to this nine panel chart outer. I don't know what the answer is, but I just wanna take a look at how is gold trading in all of the major currencies. So we take a look at gold, it's up in terms of dollars, it's up in terms of euros, it's up in terms of yen, it's up in terms of pounds. In fact, it's up quite a bit in terms of pounds out here. So you got a rally that's going on. The only one that's taken out the highs of Friday, really trading above the highs of Friday, they've been in euros and in pines out there. But this actually looks positive for Goldilocks. Now back to that nine panel chart out there. So don't think of, then a lot of people will work on just there. They get focused on the correlation between gold and US dollar index. It's dangerous to do that. You wanna understand how gold is trading on traders' debts around the globe. If you're in Europe, yes, you're trading it in terms of dollars, but you're really taking a look at what is it doing in terms of your own local currency out there. Okay, enough of that. If we take a look at silver, silver has an A to B equal CDT upside. It made the 1.272 expansion level on Friday. On Thursday, preso was an inside day on Friday. That typically means that the trend will continue, although this morning we're seeing a pullback. Now there is a new profile that is formed inside of silver. There's not one in the ES, there's not one in the NQ, there's not one in the dollars, not one in the Russell 2000. At least there wasn't as of about 25 minutes ago. But there is one that is trying to form, and I say trying to form inside silver because we won't have confirmation of this until today. But here's what we know about the new profile that is attempting to form, it is below price. That is a bullish signal. Doesn't mean that price can't pull back to test the top of that profile, which would be supported the first level of sport. That's at 23.51 out there. Lightsweep crew just consolidating with inside its daily profile, resistance out here at 87.10, support 83.20, natural gas continues to fight sport at the bottom of its daily profile, 366, and the 30 year treasury should find resistance at about 156 and 28.32. Steve Roach with TFNN, we'll be back in just a few. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature rich scanner instantly filters over 2500 plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. 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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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. So we tried to fix the problem during the break out there and I might have screwed something up on my system so we're gonna find out here momentarily. But right now what you should at least be able to see are the 30 minute timeframe charts for the equity future contracts out there. Now, you'll see those in Tiger TV so we don't have anything fixed here for the Tiger's Den. So if you are listening in, you're inside the Tiger's Den, switch over to Tiger TV if you would. You'll be able to see the charts and the charts that are up right now are the four 30 minute equity future contracts out here. So let's review what they're signaling to us. Now we can go down and take a look at the eight panel charts let's say for each of these equity future contracts and I'll take care of a question that came in from Peter in Park City out there. He wanted us to do that so we'll do that. But here's what we know. So on Friday as the market closed, many of you that are listeners to the show would have noticed that the spot bottleneck closed up by more than 10%. Whenever there's a one day rate of change about 10%, we typically see a bouncer or bottom on the very next trading session. Well, it turned out that as the market was coming to a close and I'm referring back to these blue arrows and the blue arrows are showing that we had nice TD nine count bottoms that had formed as we came that close. So when the futures opened last evening at six o'clock, not a surprise to anybody out there that we saw a bounce. Now the question is why did Price stop it about the midnight timeframe? Well, in this case here, maybe about 9.30. It's the real decline. The real market stopped moving sideways and hired about midnight 12.30 or something like that. And so there are some profile levels inside the ESMini that were acting as resistance. But nonetheless, we did get that little bounce. And then from there, from that move, you know, midnight is timeframe, we saw a move lower and that move lower generated TD nine counts for the ES. This is at six o'clock this morning. And that right now is under attack. It formed a TD nine count for and a rosement of indicator signal for the Dow, as well as for the TD nine count inside the Russell 2000. So each of those bottoms, those TD nine counts are being attacked as we speak right now. We've got just a little less than 10 minutes left in the trading session. They close below those lows, they suggest lower price. So what we'll do here is we'll change from this set of charts. And just if you would give me a moment here to get that set up, I'm gonna try to get this set up. And we'll go take a look, we'll start with looking at the ESMini. So go from the ESMini then down. And what we're looking for here is we're just simply trying to understand what the messages are, where price can find support or resist where it may be able to find that. And so now let's get rid of the blue, the running woman, although that is a nice area to run. That's for sure. Let's get over to our eight panel chart. So we begin by taking a look at the ESMini in the upper left-hand side. You can see on a monthly basis, this generated a TD nine count top, prices below the oscillator and change line. The month doesn't end until next Monday. I close below 45.27, which suggests you could see, not will, but you could see, move all the way back to 37.20. That is the breakout level. In the ESMini out here, we have a confirmed rosement to indicator top for the weekly time frame. And it could be targeting 41, 26, 75. I'm not saying it's targeting it right now. I'm saying over time, that becomes its price target. If we look at the daily type frame chart, well, we've covered the A to B equals CD patterns. You can see that the oscillator and change line out here did change colors. And what we know is that typically when we do see a bottom price, we'll go ahead and bounce up to that level. That level right now is at 45.64. We don't have any kind of a bottom signal. So instead, we're only in bar number five. And so from a daily perspective, it's supporting what we're looking at the weekly and the monthly time frame and that price may continue to add lower. To the 30 minute chart, you can see the TD nine count bottom at six o'clock this morning. You can see that price is below that level. When it gets below that level at a 30 minute base, we go to the next timeframe. The next timeframe is 60 minutes. That's your lower left-hand panel. Well, it turns out on the 60 minute timeframe chart, this is bar number nine. So as we come into the nine o'clock timeframe, or what the 60 minute chart is saying is that we should see a short-term bottom, some type of bottom between nine and 10. Okay, I'm gonna go with 930 out there. And what we might see is price go ahead and bounce and go target the oscillator and change line. Currently at 43.74. Now look, I know if you're listening at 122 right now in the afternoon, this maybe isn't helping you, but what you're trying to do here, what I am trying to help you with is just kind of going through an SNP. If you turn to Tiger TV, you'll see the charts are apologies. We're having a technical issue with one of our computers that controls that. So you will be able to follow along with the charts on Tiger TV, no problem at all. On the 120 minute timeframe chart, you do have, well, you don't have any kind of a bottom signal as we speak right now. The four hour timeframe chart, no bottom signal there either, and you are in a TD nine count bottom signal for the five hour chart. So you've got two potential TD nine counts, the 60 minute and the five hour chart. The five hour chart, this session's gonna close at what time at nine o'clock, okay. So we do know that bottoms can form on bars nine or the bar following nine, eight, nine, eight bars eight, nine or the bar following nine. It has to be those either of those bars have to be the low of that entire pattern out there. In this case here we're looking at TD nine count bottom. So how are we gonna summarize this? Well, what I would do if you're an interday trader, I'd be focused on the 60 minute chart and the five hour chart looking for signals. When we take a look at the five hour chart, we haven't seen price close above an oscillator and change line for quite some time. So therefore, and this is gonna be approximate, it's only a 123, if price is trading above 44, what's called 4420, 4415 to 4420, that's gonna give us a little bit of a change in trend signal for the five hour timeframe chart. What that would then suggest is move up to 4511. Short of any of that happening, if I just simply expand out the daily timeframe chart, let me see what else we have out here to, what the heck happened there? Yeah, darn. So this is a problem. As I said, I tried doing something to help us fix that situation and that doesn't seem to have worked. Wow, how do I do that? I think what I'll do is during the break, I'll just simply reconnect into the, into the production, so we'll see if we can resolve that. So I can't do that, but I can do though, I hope is this switch over, take a look at the NQ charts out here. So the NQ, we're gonna go do this eight panel chart series as well, that's natural gas. We could take a look at natural gas, but I said, we'll go take a look at the NQ. I'd like to do what I say we're gonna do. Now, in the case of the NQ, on a monthly basis, it appears we will get a confirmed rogment dominicator top out there. That suggests the NQ would target 12207 over time. The weekly timeframe chart has a rogment dominicator top as well. There's a nice little shooting star that I see. So it's price target is 13462. So here's what the NQ is telling us, 13462 to 12207. That's where the price targets will be unless we see some type of bullish reversal candle on the daily timeframe. There's an A to B equals CD to the downside. I'm not gonna expand this chart out that way. Let me see if I can find anything here. Really can't, not that I can see right now in this little small area that I've got to work with. On the 30 minute timeframe chart, no bottom signal at all as we speak. So the NQ is saying, hey, I want lower price. The 60 minute chart out here, no bottom signal at all. The 120 minute, there's no bottom signal. On a four hour timeframe chart, price has taken out wave number seven. That's letter G as we speak. So there's no bottom signal there. And on the, it's all up to the five hour timeframe chart. I'll expand it because we won't come back to this. So on the five hour timeframe chart, oh, it didn't work again here either. But what you can't see at least, as you can see, we are in bar number nine. So the five hour timeframe charts for the ESMini and the NQ may be what it is that we need to keep an eye on. Let me switch over here. Well, we've got just about 15 seconds real quickly. We'll take a look at the Dow equity future contract and pull that up on our screen. Again, we're looking for any kind of support, bottom signals with regard to the monthly timeframe. This suggests you could see a move to 25, 293 overtime. Looks like 33, 623 is a given here, or 33, 695. That's a TD nine count breakout level. We would expect or anticipate that that's where the Dow would bottom out here. You're in bar number seven on a TD nine count for the daily timeframe. That says a bottom good form between tomorrow and Thursday. Steve Rhodes with TMN, we'll be right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. 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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. Welcome back, guys, folks. You've been listening to 130. Thanks so much for doing that. We are recording today's show and the rest of this week between eight and nine this morning. I've got family that's in town. Of course, some of them, everybody's from Michigan. And I think they were expecting something other than 40-degree weather down here in Delray Beach. I know I was expecting something more than 45 degrees when I woke up this morning. Of course, if you're in the North, you're like, I know your heart is just bleeding for Stevie here because it's 47 degrees. It's cold down here in Florida. Right now, we've got the futures, all the U.S. equity futures trading lower. Dow's off 208. S&P is down 44. NASDAQ 100-209. And the Russell's down by 20 points in that first segment there, second segment. We didn't see any bottom signals. We did take a look and found the five-hour timeframe charts have got the most for potential bottoming signal out there. I believe it was a 60-minute. Might have been on the ES and the NQ. Now, we should expect to anticipate some type of a bottom out here. The better one would be one that forms, perhaps, between tomorrow and Wednesday out there. At least that was the Dow equity future contract that we looked at. That was in bar number seven, I believe, today. Now, the reason why I said what I just said is we should expect to anticipate a bounce. And it should be more than a bounce out here. It should be a significant bounce. And the reason I'm saying that is because if we take a look at the advanced decline oscillator, that is panel number two. That is a difference between the 39 and 19 period. Expense will be an average of the advanced decline line. That's a sentence there, but that's what that represents. Now, when we take a look at that oscillator, you can see it's down below minus 250. You'll see I have three different areas that are noted here. I've got minus 150. That's when you get to oversold and you start looking for bottoming signals out there. Minus 250, you're in the extreme oversold condition. Not that you can't get more oversold than right now, the way that the market looks like it'll open. I don't know how it will end. That would be its signal out there. But even if we take a look at the COVID bottom out here, that a low with regard to the advanced decline oscillator, that took place on March the 12th. Now, that did not mark the bottom in the market out there. What you got was a bounce. So you can see the bounces that you get along the way as you get to these levels. What identified the bottom back then was a rising advanced decline oscillator in the face of lower price. So we don't have that to take a look at right now, but we are down. If you just follow my crosshair out here, this takes us back to July 19th when price was down at the minus 295 level. By the way, we close at minus 282 on Friday. If we come back, and these are just these little V-shaped bounces, they're usually pretty good bounces out here. This one on August the 19th. Now, that was only to the minus 250 level. It was just below minus 150. So you can see that out here. Back when the New York Stock Exchange bottom, back on December 1st, that's with a oscillator reading at minus 293 again, where it minus 282.77. So the reason I point this out, we didn't see it in the intraday charts out there. So I don't know what it's gonna look like at 1.30 now, but certainly the intraday charts that we looked at as of eight o'clock in the morning. We're not giving us any kind of bottom signals. Remember, we should see bottom signals form on the intraday charts first before we see how that rolls to the daily. Now, how do you put that together? That's a good question. So I did resolve the issue that I had out there. Let me just go back, for example, to the ES mini. Let's use the ES mini as kind of our bellwether for what the markets might do out here. Of course, we should look at the NQ2, but let me pull up those charts. I'm gonna change paneled screens out here, because so this will make it pertinent for the show listeners at one o'clock. And obviously those listening right now because we wanna take a look at levels. So what do we know about levels out here? So on the 30 minute timeframe chart, I'm gonna expand this chart out right now. We can see that it still has a rogement to indicator signal that has been triggered. What is required here is a bullish reversal candle. Now, if we see a bounce that takes place early this morning, where this bounce should take us to is about the 43.67, 43.74 level. This is a bullish structured profile. Price is now closed below for two consecutive bars. Again, this is 8.34 in the morning out here. If it's just a counter trend move, when you close below a bullish structured profile where price will find resistance is at that center levels. That's 43.74. Been established, of course, at 1.30, there's gonna be new profiles, most likely. But right now, for those of you that are listening in here, that's what you wanna be looking at. Why? Because if we see a close above 43.74, then what you should anticipate and expect is to move up to the top of that profile. And that's at 44.12. If price get above that, then you're looking at 44.25. Because there's another TD9 count breakdown resistance level, not too much further above that, another 20 points or so at 44.49.75. I would say that's the price that price would need to close above to suggest that the oversold conditions of the New York Stock Exchange being down below minus 250, that they've taken effect and you could see them move up to 45.84. Now, I say 45.84, just looking at this chart out here. As I pull the window back here, again, just looking for signals, the eventual place where price could rally to would be that red oscillator change under the daily timeframe. So we don't have that signal in place just yet. You can see the TD9 count bottom for the 60-minute chart out there, the bottom signal that's gonna form here at nine o'clock. So just, the market is stretched. And a great news is here is that we could take this New York Stock Exchange, use advanced decline oscillator and you and I, we could take this chart here. We go back to, I mean, I'm not gonna do it now because it's gonna, but we can go back in time. Look, here, this is taking us back up. This takes us back to December of 2019. So we've got a couple of years out here. It's just the way that it works, how this market can get to these oversold conditions out here. And then we see some type of a bounce. Or you can see more of a real bottom, which is the way that that bottom was formed back in the 2020 timeframe with lower price and a rising advanced decline oscillator out there. And then it was, I believe it was a TD9 count bottom that identified the low inside most of the major indices out there. Okay, so that takes care of that review out there. And it certainly takes care of our question from Peter in Park City. So Peter, hope you listen in early. My daughter was out there skiing this weekend. I was having a blast, that's for sure. So thanks for the request. Let's get to the next request. There's two more that have come in. One from Michael P. And Michael wanted to take a look at Bitcoin. He was looking for prices where gap, what open gap might be that price might pull back to. So when I take a look at it now, for the gaps out here that I'm using, Michael, I'm just going to the weekly timeframe chart. And in the weekly timeframe chart, the gap that I show, and it's slightly different, I believe than what you were looking at, is at the 24605 level. So I'm going to go ahead and pull this weekly timeframe chart for, because for Bitcoin back, I believe if I go take a look at it, and we'll do this, I'll just confirm this, that last week was the TD9 count bottom for it. Actually, I can do this while I can change screens here. I don't know, I mean, I can do what I need to do without interrupting you. So you've got the A to B equal CD downside, gives you a price projection, Michael, 28, 260, that's in the weekly timeframe. And yes, last week was the following bar, number nine of a TD9 count bottom for the weekly timeframe. And a price closes below that low, which is 36, 150 this week, tells us about a strong moment to move to the downside. To a certain extent, we don't even need that because price is already doing that. On the weekly timeframe, what price is doing is pulling right back into the lows that formed back in June of 2021. So the key level there to be watching is the 28, 800 area. If price gets below that, then that gap that is open at 24, 605, Michael, likely becomes the price target. So there's the gap for you. I'll be a different than yours. You might be looking at the daily timeframe. I think it's right now more pertinent for you and I to look at the weekly timeframe. Now there is another gap that I see out here on the weekly basis that was higher between July 26. We're already inside that. Again, I think that short of some type of bottom signal forming out here for a daily timeframe. And I don't have that with regard to Bitcoin. It does look like 28, 260 to 24, 605 is its price target. Steve Rhodes with TFNN, recording the show release 8.30 in the morning, 8.38 that is. Thanks so much for joining us live. If you're listening at the normal time, thank you so much for doing that at the quick break. 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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It's a half a percent to the upside, the US dollar. And that's what we're going to do. That's a half a percent to the upside. The US dollar index is up 3.10 percent. Treasury's not doing a whole lot out here. So it does not appear to be a whole lot of cover out there. We do have requests. Let's go take a look at this request coming in from Hector and the fuel injectors. And Hector wants to take a look at NVIDIA. So happy marvelous Maniac NFL weekend. No, that was some great games out there. I mean, just truly some great football for those of you that are football lovers. Stevie was kind of glued to the TV, except it's up Saturday night when I went to a wedding and what was good to be out, right? Then a great band, you know, first time we've had a chance really in two years to go out dancing out there. But in any event, back to NVIDIA out here and what Hector and Patty are looking for. So NVIDIA, can you please give us an update on the TD9 count patterns out there daily, weekly, monthly? You can personally see the week of February 7th as a possibility. We're looking to jump in on this D point like a blue gill on a grub worm. So Hector, let's go take a look at NVIDIA out there. Right now, this closed on Friday at 233.74. Let's see where NVIDIA is trading as we speak right now in the pre-market. Last trade fired up at 222, room 222. That was a great little show as a kid, right? So 222, you're closed at 233, 277.87. Hector is the 1.272 expansion of that C to D leg. So it looks like that is a price target. Price is below the bottom of its weekly profile. We're now three weeks below that low out there. So that has completely failed. You do see a rising trend line on the monthly timeframe chart. Right now that's priced at about the 1.71, 80-ish type area out there. But if there were to be some type of bullish reversal candle and prices pulling back into areas where it had broken out from, we'll get to those TD9 counts here momentarily. You might have a viable bottom or tradable. When I say viable, I'm not referring to a buy and hold out here. So when I'm referring to anything that's a bottom, just so that I can really be clear out here, I'm only talking about a tradable type bottom. I'm not talking about the bottom out here. We may get to the bottom, but that's not what I'm referring to at all during today's show. So I just wanna make sure that I clarify that out there. We should get at nice little bounce by taking a look at that oversold condition inside the New York Stock Exchange. That's why we went back and looked at the ES mini charts and really took a look at that 30-minute chart to look for areas of resistance that price would have to close above to say, okay, now there's something to think about. Otherwise, those are just areas where the counter trend move would take us to. So back to the white background charts for Ann Biddy and for Hector and Patty out here. Friday was bar number seven of a TD9 count. So this suggests that a TD9 count bottom could form between tomorrow, Tuesday, and Thursday out there, which just really lines up with the FOMC meeting, right, we've got an FOMC meeting starts tomorrow, Wednesday at 2 p.m., we get the release of their decision, whatever that might be. And then we, half an hour later, we get to Powell on the stump, probably via Zoom, I would guess, out there. And all that is gonna be taking place as we potentially in NVIDIA and many of the other stocks out there get to a TD9 count bottom signal. Now, because the A to B equals CD down patterns, Hector, you might want to wait for that bullish reversal candle in that pattern to confirm that pattern out there. As far as where price would bounce to, it would be that oscillator and change line. So in some instances, we may see a bottom out there and you might find ones, what you're really looking for is distance between price and oscillator and change line because that will become the first target. Not that price can't clear that, but that becomes your first target for a setup of some type of trade out there. So with regards to that was a daily timeframe. On a weekly basis, Hector was also looking for the TD9 counts there. This week will become bar number eight. We know that a bottom can form a bars eight, nine, or the bar following. And I still have to complete bar number nine out there, but the daily and weekly are kind of saying, yeah, I can see this out here. And let's take a look at the monthly timeframe chart for you. The monthly timeframe chart, this formed a TD9 count top. The price right now is below the oscillator and change line, 240, 68. So if there is no bottom in sight here over time, even if there's a counter trend, we can move out there. What NVIDIA is signaling to and I, Hector and Patty, is that you can see and move all the way down to 134.59. Now I'm not making that call just yet, but that's what the signal is for us when we take a look at the monthly timeframe chart for NVIDIA. So to summarize here, you've got the A to B equal CD to the downside. You've got bar number eight that should form today. Bottoms can't form on bar number eight out there. So just keep tuned, keep paying attention. Look for that bullish reversal candle out there to help you to identify a bottom. Let's go to our first caller. It's Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing this morning? Thanks so much for getting up so early and joining us. Oh, you're welcome, Steve. I'm doing great. How are you? Excellent, excellent. So what do you think? San Francisco, LA, who's going to win that game? I'm not a big football fan. I used to be, but my attitude changed about it once there are some of this just got way too political for me. Yes, I get that. That turned me off. And so I haven't really followed it like I used to, but I know my wife's kind of cheering for the Niners. I was always a Niners fan, so we'll see. Yeah, yeah. As far as who I would go with. Okay, all right. Well, then I won't tell you who I'm rooting for. Yeah, it's not going to change my life either way, so whatever happens. Up until the fourth quarter, I enjoy watching all the teams. I especially, I do like the West Coast teams. And last week was the first time that I saw the Rams really come together. And they were together all the way for the first, really, well, at least the first half of the game out there. But for the most part, the first three quarters. But boy, when they started coughing things up there, I was like, okay, maybe they're peeking a bit too early. But I look forward to the game next week. It should be a great game. But I know you didn't call to talk about football. You called to talk about the markets in general. So how can I help you here? I didn't catch the first segment. See, it might have gone over some of this already, but I know on some of the, I think it's like at least the Dow, the IWM, I think even the NASDAQ, maybe all of them, they have AB equals CD patterns. Yes. And so I don't know if you've gone over those. And like at what point, we might have gone beyond the one-to-one. But if you could just go for that, please, I'd appreciate it on a daily search. For which specific, you want the cash indices out there versus the futures? Oh, you can do any of them. I mean, I guess it shows up definitely like on the diamonds and on the Qs and all those types of things. I think it would also show up on the futures as well, but you can take a look at it. Yeah, well, here, I'll just expand out for the S&P right now. You can see it's A to B equals CD pattern. It's next, that price projection level would be the 1.618 area. That's around 43.66. Below that would get us back into the lows that formed back in October of 2021. That would be the one-to-two A to B equals CD area. And that's at the 42.76 level. Brent, any questions about the S&P A to B equals CD down? Yes, I guess that's kind of my point. It seems like we're definitely getting pretty extended. I mean, you start getting the one-to-six 182s and that starts to get to the point where, and I think you've kind of alluded to that there's a potential for a balance here at some point. Yes, well, definitely we're going to see a bounce and I believe at this stage here because we've gotten so oversold, it's going to provide an opportunity. We're in a two-way market out here. It's going to provide an opportunity to play that. But Brent, we're going to break out here. We're going to come to our last final session of the show, but stay tuned and we'll close it out with Brent in Martinez, California. She wrote with TFNN. Hope you're right. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. They must have tool for every trader out there striving to find an edge in today's markets. TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN, educating investors. 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That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. Round the line with Brent in Martinez, California. We're doing the alphabet. We're talking about the A to B equals CD pattern out here. I do have the NDX100 up on the screen here, Brent. And there are multiple A to B equals CD patterns. The one that I have here is not really one that I like. And the reason that I say that is because the retracement on this B to C leg is way more than 0.786 retracement. It's really 100% move of move. So I don't consider that to be a real valid A to B equals CD pattern. Again, that's Stevie's personal opinion here. The A to B equals CD pattern that I really believe is in play is the one that starts with the high on December 28th as our A point, the B point being January 10th, and the C point out here being the high from January 12th. And Price has made its way through the one to one level. We're now near the 1.272 at 14183. So that's what I think is in play. Now, Friday was bar number six, Brent, of ATD9 count from a daily standpoint. So, you know, we're kind of off there. That says that we wouldn't see some type of potential bottom with that signal pattern until maybe Wednesday through Friday. So I think we need to keep an eye out looking for bullish reversal candles. If we get those, that's what should be the signal for all the A to B equals CD patterns that are out there to suggest that we have some type of counter trend rally. So, Brent, what additional, is there anything else that I can provide to you in the next 30, 40 seconds? No, I think that's, Steve, I'll just be watching like everybody else is and looking for that bullish reversal. Yeah, you know, when you get to those expansion levels, like you were pointing out, we're pretty extended when we take a look at that C to D leg out there, what I found is until we get that bullish reversal candle, it just suggests that price is likely gonna head lower out there. So I just, that's why I suggest that people always wait for that confirmation. So Brent, always good to hear from you. Sounds like you slept in. I'm glad that you did that. You know, five o'clock in the morning, what time? Do you get up normally at around five? I usually do. I used to always get up around 4.30 for work. I'm retired now, but I still get up early. I just type those. That's how my clock is, I guess. That's perfect. Hey, Brent, good to talk to you. Thanks so much for the call. Folks, thanks so much for joining us. Stay tuned. Tommy O'Brien is up next. And if you're listening at one o'clock, it's your favorite polar bear, David White. I'll be back with you tomorrow at 8, 806 AM sharp. Take care, folks. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right. But you're not most people, are you? 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