 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 afternoon folks. Welcome to the September 8th. The wonderful Wednesday edition of today's Traders Edge Show. I'm your host D.B. 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. Let's make sure we have an extraordinary day. 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. It means we can find the gift that every set of circumstance that life is going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here. More important than that though is that during this next 60 minutes I'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648. If you can't dial in, we've got you covered there too. Go ahead and send me an email. Send it to Steve at TFNN.com and inside the subject heading, please put radio show question. Of course in our Tigers Den, 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. Welcome to LUS Show right now. Get all the indices traded in the same direction to the downside. The Dow is off 80. S&P is down 9. NASDAQ is 100s off 79. Russell 20. Semi's are off 50. Trannies are down 46. You've got gold off 4 bucks. Silver down 37 cents. That's one and a half percent lights. Recruit up 70 pennies. She's trading out at 69.05. Natural gas a big day out here up 30 cents. That's a little over 6%. She's trading at 487. 30-year Treasury up 15 ticks. Trading at 163.30 seconds. Lead the charge dollar-wise is the upside. You can see you got ICU medical up 65 bucks or 31% chip only. $18. It's about 1% spectrum. Brands holdings up 19%. $15. Rooney's aligned technology 1470. That's up 2%. To the downside, Shopify's off 44. Bucks nearly 3%. Mercado Learbait out 38%. 2%. Booking holdings is on 18. Bucks and change that's 8.10%. Google's off 15. That's a little over 3% to the downside. So the first question, let me just get the first question out of the way here, is from Mr. Bill inside the Tiger's Den. And his question is, could we talk a little bit about the VIX behavior? And specifically what he was looking for was on this chart here, the green arrows represent days where the spot bottleneck has a one-day rate of change. That means yesterday's close compared to today's close below minus 10%. And when we get those signals below minus 10%, we then have what that generates for me as an initiation signal, initiation to higher price. And Mr. Bill's question was, does that signal go in both directions? So Mr. Bill, we've got the minus 10% rule that I use. And as shown here on the charts, works really well. And then we have the plus 10% rule, which was yesterday. And in the plus 10% rule, we have a one-day rate of change above plus 10%. With that signals to us, we should see a bouncer or bottom within 48 hours. Typically, it's been within the last 24 hours, as of late. Today, not so fast on that, but we're going to go take a look at the short-term timeframe charts. So that's the first element about the VIX. So when you say, does it go in the same direction, I already have a plus 10% and you know how we use that and a minus 10%, you know how we use that. So I don't have any initiation signal to lower price, which I think is really the question that you're asking. The initiation to lower price, really, inside the S&P 500. So we're dealing with the ES-mini and the S&P 500 for signals here. In order to really put all that together, what we would need to do is really go to this page, and let me see how quickly this will update. I've got a bunch of things running right now. So if this doesn't update right away, we'll come back to it. What I'm looking for here are the profile levels. Now this is going to show us the bottom of the profiles, the bottom of the daily and the weekly out here. And what you can see here off of the ES-mini, the ES-mini since the March 2020 low out here, you can see that all retracement inside the S&P 500, the ES-mini out here, has found support at the bottom of its weekly profile. And right now, so since we were talking about the bottom of weekly profiles out here, it doesn't show on this chart because it's going to take a little bit of time to form. But there is a new weekly profile that I'll share with you that is attempting to form inside the weekly chart. But right now, Mr. Bill, the first change in trend signal to go along with the spot volatility in the next 50-day EMA out here, a change in trend, which I'm assuming could be a really bad assumption here, which is what you're trying to get to. When you have the spot volatility above the 50-day, it's always dangerous for the S&P 500. As signals directionally speaking, unless there's some kind of bottom pattern, that price is going to pull back. But in order to get a change in trend out here inside the ES-mini, we would need to see a close below 44.5293. Now, we know we can't get to 93, but in essence, 44.52 would be the number. Now, I'll switch over here and this is going to get us our weekly profiles. And so if you look here, Mr. Bill, price is, so there's a brand new weekly profile that is attempting to form. And this profile, the week is not over. So I can't say that this is the way that it's going to look on Friday. But right now, this profile has formed below price. And that is a bullish signal to us. Profile, this should take hold. It's a weekly profile. And so I can't be certain about this with regard to, I know a new daily profile is attempting to form and I'm using my advanced Doppler tool, which is what I'm using here, that the dailies won't get confirmed until the following evening, 6.01. I'm not sure about the weekly. It just doesn't happen often enough for me to be able to have that rule. But I'm going to go with the fact that if this profile exists tomorrow, it's probably relatively solid. So what we know about the ES-mini at this stage here, it's tested the top of its daily profile, 44.98. And in order for there to be any real kind of traction to the downside, you looking for, let's say, an initiation move to the downside, you've got to get price to at least break that level of support. Not break it by testing an intraday, break it by closing below. So the number to be watching here is 44.98. If we get a close below 44.98, well, that takes us back to the weekly, the top of which is 44.84. So the real number, Mr. Bill, that I would say that the ES-mini needs to close below in order to get some kind of traction to the downside is going to be the 44.84 level. Again, it's a new profile that's attempting to form. We're going to use the data that we have right now. And if that unfolds like that, and that's a possibility, especially with the spot VIX above the 50-day, then we'd be looking at a price target of around 44.52 to 44.67. That is the bottom of its daily bullish structured profile out there. Now, to finish this off, even though this is a little bit more than what Mr. Bill was asking for, but I don't know how to do anything other than just simply to be thorough. There is something they say in life the way, or I say it, I suppose, and that is the way you do anything is the way you do everything. Now, you can think about that about yourself. Often times when people say, what? What did you mean by that? Think about it about others in your life and think about the way they do anything and see if that is really the way they do everything. You know, procrastinators procrastinate. You don't need me to go through all that, but here we'll take a look at the ES-mini charts here and really what we're looking for right now. While we know that prices test its support at the top of the daily profile, we're looking for any kind of bottom signals. We have them on the 30 and the 60. They just haven't really taken hold, and the 60 is what is the one I think that is the most important to take a look at because it's really been the top of its 60-minute profiles on every bounce that has found resistance. That makes 45.19 right now a real key area to be watching. Mr. Bill, I hope that answers your question. Steve Rhodes with Tf&N will be back in just a few. 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 it 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 Tf&N, 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. Tf&N, educating investors. 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 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code UPGRADE and you still get a 30-day money-back guarantee, so you have nothing to risk. Level the playing field with the TAS Profile Scanner, which you can find under the services tab at tfnn.com. Sign up today. 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 tfn.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 tfn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. Welcome back, folks. I got a question that came in here from Michael P. It really ties in line with what we were just discussing during that first segment. Michael writes in, selling and support levels is, in essence, his question. He says, hello, Steve. People are talking about getting out of the markets ahead of the 9-11 anniversary. What I can just simply share with you, Michael and everybody else that are listening, are these support and resistance levels to watch? Then you make your decisions from there. When we take a look, we were really looking at the ES mini. We'll go ahead and finish this off here. We've got the valid topping pattern. There's topping patterns all over the place out here, so you can understand why the markets should want to move to the south. But in order for that to happen, we have to see levels of support fail. In the case of the ES mini right now, and I'll just expand out the daily chart out here, Michael, its message to us is neutral. Now, I don't know that it'll be neutral at the end of the day. If price close below the top of that profile, $44.98, it will not be neutral. But that is the first level of support. Now, I believe these profile levels are probably different. Give me a second just to make sure. Yeah, they are. That happens from time to time. Now, this is the Ninja Trader software package, but the $44.98, that is solid. This happens to be showing a bearish structured profile. Just to show you the difference, this shows the center at $44.67. On my black background charts, it's at $44.67. Oh, that's correct. Okay. Hold on. Oh, got it. The bottom of the profile here is way down at the $43.77 and on my other charts is at $44.52. Both are real, but we got to just stick with the $44.52. But beyond that, Michael, and not to confuse you, which I'm sure that I did my apology for doing that, that's just the way to make it a listen. If I confuse you, then did he say, oh, what did he just say out there? So I'm just kidding about that. But price is above support. The top of the daily profile, old resistance, can become new support. Right now, that's what I have to call it. So if you did see a close below that, here's what you would anticipate. A move to $44.67, then a move to $44.33. It would really be the close below $44.33, Michael. That is the TD9 breakout level. That would be the one that would be of concern out there. Now, if that happens between now and Friday, well, then you might have your signal that says, okay, you know, time to be out of the market, not because of the 9-11 anniversary, but because price is broken through key levels of support. Is something going to happen over the weekend to make the markets tank on Monday? That I'm not good enough to share with you. I don't have any idea. But I've got to go with what the charts are communicating to us at this moment at 121. You turn into each of these shows to get our analysis. I use a completely different set of tools than everybody else, but I do walk you through what it is that I'm looking at. So over time, you'll understand how it is that I conclude those things that I do. Now, again, back here, and I said it just before we were going out to the break, that I think that the 60-minute time frame chart is the more important panel for us to take a look at. And that's because it's been struggling 60-minute chart to clear any resistance level. So you've got to confirm Roadsman to Mindicator signal. We've had a couple of them, but we have another one, this one here for me, just so we were coming on the air at one o'clock. And you're inside a bullish structured profile. So if price can take out the level that it's at right now, it's at 4405. If price can close above, let's call it 4508, 4510, something like that, then that would signal to UNI that price should make its way to 4519. Inside a bullish structured profile with a bottoming signal for its time frame, that is resistance. Now, if price can clear that level, then that would signal move up to 45, 3950. I'm not saying that's where price is headed to. What I am saying is that if price can close above this oscillator and change line, which is red, price should be able to make its way to 4519. And if price goes above that, then we'd be looking at 4539. So I would be paying attention for those of you that are intraday traders. And I know most of you don't have the task market profiles. They're an extraordinary tool because I couldn't help answer Michael's question about support and resistance unless I had this tool out here. You can see the 30-minute chart. It too has a roadmap indicator signal. The level that it needs to close above to suggest that there's a potential bottom that is formed would be a close above 4526 out there. So you're looking at 4519, 4526, and then 4539. Now, let's stay with this set of charts out here. And let's go take a look at the NQ. The NQ is strong like bull out here. But is it generating any kind of signal for us? Well, on the daily timeframe out here, and we'll pull this back just a tad. So on the daily timeframe, we have a TD9 count top. That formed on bar number eight that was on September 1st. And now what we have is price is below the green oscillator and change line. So what is that signal to us? Well, you know, I don't have the profiles up here on this chart. And if price were to close below, the level that we're watching today is 15487. 15487, I'll show it to you again. Just give me a moment here to switch screens. That is the bottom of the new profile that is attempting to form. So what I don't know is which market it is that Michael is trying to track. So we're going to go through each of these one by one. If we take a look at the NQ, there's a new profile, as I mentioned earlier, that is attempting to form. We use that information. Michael, if we were to see a close below 15487, that could be signaling to us at least a short term change in trend. But right now that's a strong support area, because it's a bullish structured profile. So that's the level that price needs to close below before anybody that says, hey, I should exit positions or long positions before September 11th. But you do have a confirmed top. The question is always when you get a confirmed top is, will price take out support? Now, one of the reasons why I'm a little hesitant to say that it will take out support is because of the way that the Shanghai and the Nikkei are trading, which both of those also form TD9 count tops last week on Friday. And if you listen to the archive on Friday, I said, hey, even though our markets are closed on Monday, pay attention to those signals out there. Because if those patterns get negated, boy, that could be really giving a signal to us about the US markets. And let me tell you, those patterns, I can't show you those charts right now, just because I'd have to restart something out there. But they've been moving to the upside. They're cruising higher out there. They negated their TD9 count topping signals. So here, again, inside the NQ, if we look for intraday time period, bottoming signals, I don't have them. Don't have them like we do. Well, there's an A to B equals. I should take that back. My apology. Certainly there are A to B equals CD patterns that have been confirmed. I forget this white background package that have on Ninja Traderade. I don't have that tool built in. So I take that back. There are A to B equals CD patterns out here. So where are the key levels to be watching? Well, 15, 598 is going to be one level. That's the oscillator and change line on the 30-minute time frame. If price get above that, then you're looking at 15, 613. That's the 60-minute oscillator and change line and bottom of its profile. If price can regain that level, then that would signal move to the 15, 664 area out there. That's really all that I've got that I can clearly see inside of the NQ. So let's not stop there. Let's go take a look at the YM, the Dow Equity Future Contract. As we take a look at it, here I do have the profiles, 34, 949. That is the bottom of its daily profile. So Michael, if price closed below that for the Dow, I'll just simply expand out the daily timeframe chart. That could signal to you and I move back to 33, 627. So if you were heavily invested in the Dow, well, you really want to be watching the bottom of this profile, this 34, 949. Now, that's a level of support. And when price gets back to a level of support, we always want to look at the intraday timeframe to look for some kind of signals. Because if it's really support that's going to hold on the daily, we should see those bottom signals in the intraday time period. Guess what? You've got a rose between the cater bottom on the 60, on the 120, on the 30 out there. That's why we want to watch these other upside target levels for the Dow. I don't think I've given it to you. 35, 147 will be the key level. Steve Rhodes with CFN. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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I was showing the wrong screen during the last portion of that segment when we were talking about the Dow equity future contract. Here is the daily time frame. So you can't see the clear level of support of $34,949. And so, Michael, everybody else out there, if price were to close below that, then the next support level that I have is the breakout area. That would be at $33,627. Now, look, that doesn't mean that as price gets down to this three-river morning star pattern and that low at the $34,494, that that might not be a stopping point. It could be. But I'm just trying to answer Michael's question about levels of support or resistance out here. And that level of support, for me, would really be the $33,627 area. Now, remember, when price gets down to a daily level, then you go to those intraday time frames. And here, you can see on the 30-minute, that's the right-hand chart. You can see roads with the indicator signals. Price did bounce, and it bounced right up into resistance to $35,147. So that's the real key level to be observing to the upside. If price closes above that, okay, that says perhaps more rally to come. So that's what I would be looking at there. You can see the 60 and the 120, they too have roads with the indicator signals, patterns that are in play out there. So let's finish this up by taking a look at the Russell 2000. Then we will have looked at each of the four equity futures contracts for their signals. Now, in the case of the Russell 2000, the bottom of its daily profile, it's not shown here, but that's the profile that formed yesterday that you and I took a look at. So it's a brand new daily profile, and the support layer there is at $22.52. You can see we're trading at $22.53 right now. So Michael, everybody else, if price did close below $22.52, where would you say price would target? And you're exactly right. The price target would then become $21.63. Now, you can see price is testing its green oscillator and change line. That green oscillator and change line is a level of support. That's at $22.56. So if price is below that and price goes below the $22.48 level, the bottom of the daily, there'll be two levels of support that will have failed. And that's why it would open up the door for price to move back to its breakout level. And that's the $21.63 area. From an inter-day perspective, I don't have any bottoming signals per se. However, if you look at the five-hour time frame chart, this is in bar number eight. There's likely going to be a TD9 bottoming signal on the five-hour chart as we come into today's close. So we've got the two o'clock close, and I'm going to have the market close. That will be bar number nine. There could be one further bar, the bar following nine. That would take me from six to 11 o'clock this evening. So there is a signal out there on that time frame, a larger time frame. And that signal is occurring above TD9 or appears to occur above TD9 breakout support. That's at 20. Oops, what the heck did I do there? Sorry about that. I'll just expand this chart out here. Here's the five-hour time frame chart. And so on the five-hour time frame chart, 22.0760, that is its TD9 breakout level. Typically, you should have got an A to B equal CD to the downside. TD9 count, that is likely to form. So what I'd be watching for there for a signal would likely be a boldest reversal candle, because then that would confirm by the D point for the Russell 2000. So watch the 22.48 level. That's its real key. So how do we summarize everything? Well, we summarize it by going back to the chart that I had painted on the screen earlier. That's this one, the four daily equity futures contracts. And right now, key levels of support are being tested and everything is held. And to summarize that, inside the ESMini, you're watching 44.98 today. Inside the NQ, you're watching 15.487. Inside the YM, you're looking at 34.949. And inside the Russell 2000 equity future contract, you're looking at 22.48. So I hope that helps everybody out. And Michael, thanks so much for writing in and asking that question. Hector and the fuel injectors. Hey, Patty, how you doing? I'm writing in to say, happy, happy, wild, waffling, Wednesday. I haven't been to a waffle house in quite some time. We need to take a road trip. It's right. Do you like the waffle house or what's the other one? What's that other the bigger? What is the, but they have all that old candy up front. What's a shoot? You know, you know what I'm trying to say. You know, it's on every major highway. And I know what I'm trying to say. I just can't think of it. Cracker barrel. Thank you, Jimmy D. I hop, I guess that, but it was I was thinking cracker barrel out there. And so which do you prefer? Well, now it's a choice, right? Do you prefer I hop cracker barrel or the waffle house? And anyway, that's not what Hector wrote in about Hector is asking Apple is today a perfect bearish and golfing candle and Apple. Let's go take a look at it. Let's go find out what the Apple II one is doing. So a APL. Yes, this is a bearish and golfing candle. Why is that important? Well, really probably for a couple of reasons out here. The question is, can we find an A to B equal CD pattern? Or that would top that off in and we can I suppose. So the A to B equal CD pattern, this is the one that I would be really looking at at this stage here. The A point down here on Marjate, the B point out here on April 29 and the C point down here on May 12. So we're at the 1 to 1.618 level. So the answer is yes, we have a sell the D point or a butterfly sell pattern out here inside of Apple. But really, Hector, what you and I want to do and if you're asking me where's the next level of support or where is a level of support on the daily timeframe, it's the top of its profile 149 01. But there may be other levels of support that we need to take a look at. So let me get to my radio show charts out here. It'll take just a moment and let's pull over the charts for Apple. Okay, so here we've got Apple. And so one of the differences between the screen that we just looked at the black screen out here, I don't have the oscillator and change line program there. But why did Stevie come up with this tool out here? And the reason I came up with this tool was to understand or attempt to understand when was a retracement just a retracement and when was a retracement something else, some other kind of signal. So Hector and Patty, in addition to an A to B equal CD pattern that we're able to identify. And there's a couple out here. What we also know is that price has been rising due to less relative strength and that has generated the roadsman dominicator signal. And so today's bearish engulfing candle confirms that as a confirmed roadsman dominicator top. However, and this is a real important however, and the reason that I developed that green and red oscillator and change line, because when price just pulls back and tests and rejects that green line, a bearish signal, such as a roadsman dominicator top where he sell the D point becomes neutralized because price is above support. So there are two levels of support inside of Apple that we want to watch. The first level is that oscillator and change line that is at $154.19. If price were to close below that, then the signal there still says we have a rising price oscillator that is bullish. But we don't, well it would actually, it would say we have a price oscillator above zero. We would not say we have a rising one. But price closed below a green oscillator and change line. It says we're now neutral and turning down. Doesn't mean that it's a top, just that it's turning down. And you look for your next level of support. So Hector, the next level of support would be $149.01, the top of the daily profile. Below that, $144.93 to $145.75. So in Apple on the daily timeframe, what we want to do, just like we did with the Russell 2000 or we did with the Dow, price is hitting one level of support. What's it doing on the interday charts out here? Well, in this case here, we could look at a 15-minute chart. Turns out that on a 15-minute chart, you've got a roads, you've got a confirmed roads momentum indicator signal. Now what has price done? You see on a 15-minute chart, see how the oscillator changed, let it change from green to red. Mr. Bill will tell you this. When you see that, you can expect price in that line to catch up to each other. So right now price is testing resistance. Hector, price closed above $154.74. Where is it headed to next? $155.53 would be the likely sneer and above that $157.08. Steve Rhodes with TF and I will be right back, we'll complete looking at Apple. 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So a price close above the red oscillator and change line. The reason why I suggested that price would move up to 155.53 is because it's a bullish structured profile. It's hard for you to see the top of the box. It happens to be right at the TD9 breakdown area of 157.08. And so we know that if this is just on the 15-minute base, if this is just a counter-trend move, price could find resistance at the bottom of the box, absolutely. But my experience is that price finds resistance at the center of a bullish structured profile that price is closed below. And that's the 155.53 area. Now, on a 30-minute chart, again, we're looking at the inter-day time periods here for Hector, and really for anybody. If you're trading the NQ, you certainly want to know what's going on inside of Apple for these different time frames. A 30-minute chart out here, although I can say it didn't form a bottoming pattern. It doesn't have a TD9 count. You do see a TD9 count present. But the low of that count did not take place on bars 8, 9, or the bar following 9. Nonetheless, it did top with a TD9 count. But price pulled back in its tested support, the breakout level. Sometimes that can be a bottom. So you don't always get necessarily a pattern. You just have price pulling back to the breakout level. So on a 30-minute chart, if you were to ask, hey, where's the breakout level for Apple, we would have said 153.87. And so far, that has held. Here, on a 30-minute basis, you would be watching 155.50 or so. That's the green oscillator and change line. Green oscillator and change line different than red. Green says, if you close above it, you now have a rising price oscillator for this time frame, and that is bullish. And then price would go target the top of its bearish structured profile. And so resistance is between 156.77 and 157.08 or 157.10. It's TD9 breakdown level. A 65-minute time frame chart, I don't have a bottom pattern here. So I've got nothing on a 65-minute chart. On the 130-minute chart, price has pulled back after developing a roadsome indicator sell signal, but right back to support. The bottom and center of its bullish structured profile. So another level of support for Apple in on the 195-minute chart, price is testing support, the center area of its profile out here. So in the case of Apple, a lot of levels of support have been tested, and it just gets back to that green daily oscillator and change line. Maybe you didn't have the intraday signals out there, but the daily says, and that's the reason, Hector, why the signal so far inside of Apple is neutral. You've got a valid topping signal. You may not have a bearish and golfing candle at day's end, though, but right now we do, and so the signal is neutral. If we don't have a bearish and golfing candle, period, there is no bearish signal. There is no neutral signal, and Apple will remain bullish. So you'd want to kind of watch out for that. So Hector, I hope that that helps you out with regard to Apple, and hopefully you and Patty have a great Wednesday as well. So looking for other questions here, none that I see. So what do we do next? Let's go take a look at other instruments. Let's go take a look, for example, let's go take a look at gold, and let's do my eight-panel chart out here as we go take a good gold and a few other commodities. So let me change this out here before Mr. Bill pops me upside the head with a two-by-four and said, this is happening for you. Oh, we've got a request from John and the Den to take a natural gas. So we'll do that. We'll do that, then we'll come. Ah, I did get to the wrong chart or the wrong screen. Jeez, Louise, Stevo. All right, let's try this one more time. Here we go, and now we've got it in the white set. Now let me just get to natural gas here momentarily. We'll come back to gold. So in the case of natural gas, here we go. So as we look at it, what do we know? Well, let's take a look at the daily time frame. We're looking at the October contract for natural gas. And what we know about it is this generated a TD9 count top two, and yesterday it generated a Rhodes-Mentum indicator signal. But voila, why was that not a short? Why was that not a confirmed short or change in trend signal? Come on, we just we just went through this. It's because price never got below the oscillator and change line. Never closed below. And it is green. So that generated yesterday's signal and the one from two days prior only generated a neutral signal. This is the value of this oscillator and change line out here. And price right now is above the top of a new profile that is attempting to form. So on a daily basis, this is going to extend to wave number seven letter G. That can be a top out here. But again, any kind of top needs to see a closed below the oscillator and change line, this is a bullish signal that we're taking a look at. This is a bullish pattern on the daily time frame. If we look at weekly as an example, let me just update this here to get rid of some, well actually updated, Steve. Bar number three of a TD9 count. It's above profiles. It is bullish out here. If we come back to the monthly time frame chart, the levels to be watching now this is the continuous contract. And so the level to be watching here, it's price target. This is something that John and I, Johnny and the Tigers then took a look at the last week, I believe, is this candle session right here from November of 2018 at 4.929. You're at 490 right now, but it closed above 4.929. That's going to signal at this stage here a move back to the next swing point. And that next swing point is a 2014 level. And that's all the way up at the 650 area. So you're really watching in the case of natural gas, you're watching 4.929. Let me go to my other charts and actually see where is the October contract here. Well, I guess I can just look at it another way, but I'm just so you're 4.94. So you are already above that. You are above that level. So that's the problem with using the continuous contract here. So price is already above that. Why is it shown 4.89? Oh, I was looking at the wrong contract. My apology. So my apology, prices, this is correct. These prices are correct 490. Sorry about that, John. So we know that that's the price target. Again, let me just go back here. My apology, I confuse people. The price target is still that price needs to close above to generate more bullishness. It's going to be 4.929 out there. That's your level of resistance. That was set up by that bear sash candle, that swing point out here. But if we go take a look at what's going on from an intraday time period, so we've covered daily, weekly, and the monthly, we're just looking for any kind of signal. So the 60 minutes, you've got a TD9 count top. John Price would have to close below $4.78 cents or thereabouts, the oscillator and change line to suggest to move back to 4.609. You have a TD9 count on the 120-minute time frame. Again, still bullish, but this suggests that price should pull back to test support around 4.74. It's oscillator and change line. No signal on the 240. No signal on the 5-hour. And no real signal on the 30-minute chart out there. So a potential couple of signals to watch. What do you look for that says that those are going to maybe come to fruition and pull back? I'd watch the 30-minute chart. So we'll expand out the 30-minute chart. Why would I watch the 30-minute chart out here? Because when we take a look at price and we take a look at the oscillator and change line, that's where price is pulled back to and is tested and so far has rejected that area. So no topping pattern on the 30-minute. But we're just looking for clues out here as to, hey, what's going on? Is price going to move lower like the 60 and 120-minute chart suggests? Well, if that's going to happen, a key level of support needs to fail on the 30-minute chart, 4.888, the oscillator and change line, then 4.816. So those would be the levels to be watching to anticipate what natural gas might be doing. But other than breaking those support levels, everything looks hunky-dory. So, John, I hope that that helps you out with regard to natural gas. We'll get back to this break here. Unless we have a phone called or an email request, we'll go take a look at Goldilocks and it's a panel charts out here. Steve Rhodes with TFN, we'll be back in just a few minutes. 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. 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That's what's taken place this morning. Price has tested and rejected it. Now, it's a red oscillator and change line. As long as price remains above right now, 1.18016, to be exact, then support is held. And that suggests that the Euro could bounce higher or could have bottom. This could be the C-point of an A to B equal CD to the upside. Could be. Not saying that it is. Have to go look at those 30-minute charts and the intraday charts to make that determination. But what we do know about gold here is this also, this formed a TD9 count bottom and prices at resistance, its oscillator and change line. Now, if price closes above that, well, then that says maybe the Euro is going to go ahead and break its oscillator and change line. Otherwise, the bounce could be over. TD9 counts are supposed to take it to the oscillator and change lines. That's what has occurred here. Well, if that's the case, then that should be good, should be good for gold and silver, precious metals. So now, let's go take a look at the gold chart. That's why I want to look at the U.S. index. What do we know about gold? Well, on a daily basis, it doesn't show on this chart here, but prices at support, we cover that during the open, which was the bottom of its daily profile, which is 1786 and the center of its bullish structured weekly profile, 1788. So prices held key levels of support. That is gold. And it's within its daily profile. So that makes signal that price is just going to consolidate and move up to 1802 or 1817. From an intraday standpoint, the 30-minute chart has a roadsman to indicator signal, the 60-minute roadsman to indicator signal, 120 roadsman to indicator signal, the 240-minute chart, prices pulled back to test breakout support of 1785. The same thing on the five-hour chart, prices pulled back to test out its breakout support that was 1781. So gold is signaling to us that it's getting ready to move to the upside and the U.S. dollar index is signaling to us that it's getting ready to move to the downside and the Euro headed to the upside. Folks, I hope that helps you out. Stay tuned for two more great hours of programming. I'll be back with you on terrific Thursday. Have a wonderful Wednesday, folks.