 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks, welcome to the June 21st, the wonderful Wednesday edition of today's Trader's Edge show. I'm your 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 and let's make sure we have an extraordinary one. Now 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 make that one little two-by-four ship Well means we can find the gift in every set of circumstance that life is gonna toss at us now 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 at Just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone would love to hear from you at 877-927-6648 Now if you have a question, but you can't call in you can always send me an email Send that off to Steve at tf9.com and inside the subject heading. Please put radio show question Now if you're inside our Tigers then well then any and every ping will do So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial news network. I've Steve Rhodes. Welcome to the show right now We got a bit of a mixed bag that makes really only coming from the New York Stock Exchange Which is up two points. So basically that flat Otherwise the other US indices training the downside now sound 61 S&P's off 26 Nasdaq 1 or 229 Russell's off 7 some eyes down 91 trend is off 34 New York Stock Exchange just went slightly negative now gold is off 5 bucks with silver being now 41 cents That's nearly a 2% move to the downside for silver lights recruiters up about a buck 72 15 is the print there national gas up 3 cents train out of 260 in a 30-year Treasury off 20 ticks train out at 127 14 I'll lead the charge dollar wise the upside you've got a rally automotive 2 and a half percent move 23 bucks 13 bucks for micro strategy Elevens health is up 11 bucks or 2 and a percent John Deere's up a little over 2% or 9 bucks and all the beauty up nearly 2% That's 8 bucks for it to the downside and video down 16 buck Rooney's nearly 4% Broadcom of 16 bucks nearly 2% hub spot down 14 bucks 3 and a half percent has been holdings 14 bucks that's a 2% move in service now down a two and a quarter percent That's off about 13 of buck Rooney's course I want to look at what you want to look at let's begin by taking a look at the equity future charts out here So go to the daily time frame. We do have two new profiles for you to write down in your pad of paper They now have been confirmed the case the yes many that support level to be watching is 43 62 Resistance 44 75 the center of that box at 44 18 Inside the NQ looks like it'll be the first down to test support Support being the bottom of its profile and that's up at the 14 950 level now if we expand out This NQ chart and this got the daily and the weekly. Let me just turn the weekly profiles off That's not really assisting us at the moment. So let's turn those off get rid of some of the clutter out there So give me a moment just to do that. So now those green lines will go away. There we go And so we're looking at here at the bottoms of the profiles No, it's not a guarantee that if we close below 14 950 25 that is signaling to change in trend But it's a pretty decent signal and we'd have to you know, we have seen here with regard to the daily profiles We have seen where the NQ has closed below profile level for a small period of time really back here in the early part of February to the well late part of February to the middle of March out there price didn't really move too low and then we broke through the bottom of a Profile again for a couple of sessions back in the late stage of April, but still watch 14 950 25 If price find support there will then the uptrend continues if it busts through there It may be suddenly to an I a change in trend with regard to the ES mini still no bearish reversal candle Just like inside the NQ on a daily base still no top on the a daily time frame no topping pattern that I look for In case of the yesterday that support level be 43 62 But the NQ price will not get to 43 62 I would say unless the NQ busts through that 14 950 level not that it can't but at this stage here The NQ is going to be the first one down there with regard to the Dow equity future contract It's just trading with inside its profile should have very good support at 34 101 34 101 is the bottom of its daily profile 34.081 is the center of its weekly profile With regard to the Russell 2000 that one does have a sell the D point pattern It has a TD 9 count price trading with inside its profile the support level there is in 1852 So that's what's going on. We take a look at the daily time frame for the equity future contracts Let's take a moment here and just see where we're at with regard to market breath Let's take a good at 30 minute time frame. Here is for the ES mini. It's actually bullish 199 instruments trading above profile 158 trading below profile out there So when a 30 minute basis we'll take a look at that chart see if we can figure out where price is likely to head to And if there's any other bottom pattern, but we do have positive market breath well for the ES mini Let's take a look at for the NQ out here Let's get that test set of statistics up on our screen for its daily time frame. We have Drumroll Johnny 31 instruments trading above profile 54 below So that tells about a choppy market out there So the ES has got positive market breath for that 30 minute time frame the NQ does not Let's take a look at the other four time frames just to get our bearings here with regard to what's being communicated to us From a market breast standpoint with regard to the ES mini you've got bearish crossover in the 60 and 240 I assume that we'll have the same thing for the NDX 100 which we do so again It's the then the NDX is 30 60 and 240 and then the ES mini is just the It's just the 60 and the 240 now let's switch over and take a look at those charts So if give me a moment here Let's move over and take a look at those white background charts will take a look at the ES mini We'll switch over and also then take a look at the NQ with regard to the ES mini The 30 minute time frame was one that showed that positive market breath now as we expand out the chart What we can see here is we can see a wave number seven bottom That's letter G. We can see that a TD nine count pattern will complete as long as priced by 11 30 Closes below and it's pretty good odds that it will 44 21 75 So we'll in effect have a TD nine count bottom now that low can form on the bar following bar number nine So we'll know if it's the low that's in by 11 30 or by noon But what should unfold here is at least a bit of a counter trend move that counter trend move should take Us up to its oscillator and change line. What's the pattern it completes? That's up at the 44 18 area So that's the message from the 30 minute time frame chart when it did top the 30 minute That is it formed a roadsman to mitigate her top We don't have the bullish reversal candle at the moment to confirm a roadsman to mitigate her bottom Only a wave seven and a TD nine count so worth paying attention to the 60 minute chart Which had negative market breath out here does not show a I take that back It shows a wave number seven bottom That says that at 12 noon you could have a confirmation there It needs a bullish reversal candle to confirm a roadsman to mitigate her bottom But if does have that wave seven bottom price could be targeting the oscillator and change line about 44 20 The reason why I say could is because it's trading below the bottom of that profile 44 13 And that would be the first level that price would need to clear to then suggest that move to the 44 20 ish area The 240 minute chart was also bearish out there from a market breath standpoint and here What we have is a B. Well, I can't really say it's a B point What we do have is no bottoming pattern out here and prices trading below yesterday's low at 44 10 We're at 44 or six. So this could be signaling to you and I I moved to this 43 51 level but 43 62 you've got daily profile support see roads with tf and n we'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence Forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive. He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tf and n dot com tf and n educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tf and n dot com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up tf and n dot com educating investors Steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tf nn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tf nn dot com and try mastering probability 30 days risk free today tf nn educating investors Toll free at 1 877 927 6 6 4 8 Internationally at 727 873 7 6 1 8 Welcome back folks. Let's cut to the chase here Let's take a look at the charts and the timeframes that are really pertinent for today's action That's a five hour time frame for the equity future contract So if we take a look at the es mini this formed a td9 account bottom yesterday that low right now is what's being attacked That low is at 44 10 50 if we get it closed now This is a 2 p.m. Close is five hour time frame chart if we get a close below 44 10 50 at 2 p.m. That then is going to signal pull back to 43 51 Remember the bottom of that profile on the daily time frame for the s is 43 62 So be 43 51 to 43 62 would be the target. What happens if price holds that low? Well, then you still have a td9 account in effect And that would suggest that price would target. It's also turn change on up at 44 50 If we look at the nq it also formed a td9 account bottom yesterday did that at 2 p.m Now that low is under attack that low is at 15 126 50 if we close below that Well, there's still profile support out here Which price right now is that on the center of the box the next area would be down at 14 8 41 the breakout level at 14 764 However before any of that could happen price is going to have to close below at 14 9 50 level That's the bottom of that daily profile the dow equity future contract also formed a td9 account bottom yesterday Now so far that low has been tested and rejected that low is at 34 197 if that low holds Then the dow was suggesting to you and I it wants to make a move up to its oscillator and change line Let's just call that right now the 34 455 level. That's actually the bottom of its current profile and not to be outdone here But there's a possibility by 2 p.m. Let me see price would need to tick below 18 70 70 Low so far A oh it has 18 69 so you're going to get inside the russell 2000 a td9 account bottom So the question is here can the NASDAQ between now and 2 p.m Stage enough enough of a rally to get back above the low of that td9 account I don't know the answer to that but here we get some confusing signals from the markets But I still believe it's a five hour time frame chart that are provided us with the best signals Where price would likely head to out there? And so these would be the ones that I would be paying attention to so we cut right to the chase right there And we cut right to the chase so we go take on some questions. So the first question I actually came in yesterday. I didn't get to it. I believe it was from nicholas And nicholas wanted to take a look at docusign if it wasn't nicholas and I apologize But whomever it was wanted to take a look at docusign I didn't see that till I was off the air quite frankly didn't see it till last evening But if we do take a look at docusign the question was really about the td9 count patterns That's what we're showing here. I will we show a number of different signals here But on the daily time frame, you'll see that today will become bar number eight Now we know about a what we know about the td9 count is when we have a successful bar number eight What I mean by that that means that the low formed at least on bar number eight 90 percent of the time It'll go on and complete a td9 count pattern. So odds favor Nicholas or whomever asked about this and you're looking for a td9 count that we should see a bottom between today and friday Why between today and friday because the low first you get to get bar number nine It seems to be far enough away from bar number five that that's likely to come through fruition But the low can also form on the bar following bar number nine now You've got breakout support at 48 41. So if you're asking me, where's your entry price right now? It's 48 41 But we need to see how at least tomorrow plays out and perhaps friday as well On the weekly time frame chart docu sound has just been in a sideways consolidation that a consolidation Is basically where it's trading about right now at 49 70 Give it a little bit of room there and then up at the resistance level That's the td9 count breakout or in a weekly basis and the resistance td9 count breakdown is at 67 35 Oscillator and change line on the weekly just a tad bit lower Support on the weekly time frame is that's profile and that's at 44 82. So we're around 44 82 to 48 41 Could be your entry area out there in docu sign You'd like to see something going on on a 30 minute basis to support that We don't have that right now my apology for not getting to this yesterday. Just simply didn't see it on my phone out there Probably still a little bit of that jet lag And uh, but that's what i'd be looking for for docu sign. So wait, uh, thank you for waiting for a day on that Whoever it was requested the second request came in this morning And this is from alton and his question is where will gold bottom? So did I I don't know if I've gotten rid of those charts or not? Let me see here. No, it's not there Is it here? No, it's not there Maybe I didn't put the chart up and if I didn't my apology now it doesn't look like they did so um So how are we going to do this? I tell you what we're going to do Uh, let me just uh, let me just go ahead and populate this church right here gcov 23 Let's let's just populate it may pull up my prior Notes on it and it does not so the question is uh, where is gold going to a bottom? So my my first answer to you is I don't have any kind of a bottom signal right now You can see that we're only in bar number two potentially of a td9 count So if we were to be a td9 count pattern, it's breakout level support is down at 1867 As I mentioned earlier when I did the 11 o'clock update There's an a to b equal cd to the downside that appears to have formed Here's the a to b leg if I go ahead and I take this and I move this over to the c area out here That gets us down below that 1867 low that gets us below the breakout area the actual one to one a to b equal cd On this chart here would get us down to about well, where did I put it? It would get down to 1848 10 would be the exact price So that's a possibility now with regard to did price break that with volume out here So I just I'm just going to go take a look at gld and see what the volume was yesterday Compared to its swing point that we're looking at so that swing point Was from the trading day of may 30th And so on may 30th the uh, I'm looking at a different panel You're not seeing I'm keeping on the white background charts here, but on may 30th the volume of gld That was may 26 for it That's its weight. So its volume was 5.8 million shares and yesterday it was passed with 7.5 million shares so similar volume But not more doesn't matter as long as price remains below that b point with regard to gold deluxe That level to be watching Is going to be let me give that to you as well that level that we're watching is 1949 60 so Alton I don't know where it will bottom Uh what we're looking for is a pattern and with price below the bottom of its profile And if it closes below the low I would say of thursday out there pretty good signal That we have an a to b equal cd to the downside that's underway I still think we have that pretty good signal right now Because on a weekly basis price has failed at its support level the bottom of its profile That support level has been tested for the last four weeks. Maybe the fifth time is the term So we get a close below that We'll be in week number six out there and that suggests lower price now on the monthly time frame The new profile that is formed is actually below price But what we can see here is it is a bearish structured profile So if this is just a counter trend move alton then where we should find support is about 1876 So let's pull all this together. We've got 1876 is a potential downside target on the monthly time frame The weekly we really don't have a price target, but on the daily we do we've got an a to b equal cd to the downside We know that takes us to 1848 here. We're in 1876 on the monthly chart And what we also have is a breakout support at 1867. So that is going to be our range I would say at this stage here. That's our range and when we see a bottoming signal Well, then we'll know but at this stage of the game right now, we just simply don't have that What do we have on a uh intraday basis? Well, that's a different story here on the 30 minute time frame What you've got is a confirmed roadsman to indicator bottom pattern What price is done though? It's dealing with resistance at 1943 30, right? Gold can close them up 1943 30 There should be more of a counter trend rally 1950 type area But otherwise this could be the extent of that counter trend move see roads with tfn. We'll be right back old report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom abrayan publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xau hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to tom o bryan's gold report newsletter now at tfnn.com Tfnn has just launched their new trading room the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com 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 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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 Looking back folks, you got the dow up eight points So it's flat out there s and p's up 19 nasdaq one hundred two zero six Russell's down six semis are up 78. We'll certainly take a look at the semis But right now let's get to uh the question at hand and this comes in from kota inside the tiger's den The question is uh do uh with regard to td9 count patterns to mark signals out there Are there any on the nasdaq 100 the bitcoin or natural gas? So we've got all three of those charts up on our screen for so we can knock them all out Right away. Here if we take a look at that bitcoin having a two real nice days out here I'm with regard to a bottom no td9 count to the uh downside no td9 count pattern your bar number three right now So no pattern out there for its daily time frame I see what looks like a three drive to a bottom pattern, but I don't have the bullish reversal candle But let's face it what bitcoin should do is should go target its recent highs. These are the highs from april 14 I'm looking at the june contract. That's between 34 75 and 31 for 70 with regard to the uh natural gas for its august contract What we have here kota is yesterday was a sell the d-point pattern So this is an extended about one to 1.618 a to b equal cd. Here's your a to b point And then here is your c to d point out here And it was extended you could see much more than just that a to b level That was that bare sash candle that uh went ahead and confirmed that sell the d point That was really also a garly sell pattern So what we should see here is a further pullback. We should see that will we see that? I don't know But ideally when you get a top like this what price should do is pull back to test its oscillator and change line That's at about the 246 level 248 is the center of its uh as the bottom of its profile So that's a target range out there that I would be looking at with regard to the nq Does it have any kind of a bottoming pattern? Well, yeah it formed a It doesn't really matter what as a bottoming pattern at this stage It formed a top and now we're looking for what i'm looking for is where its price going to likely pull back to Look if it's only a one day retracement out there Then this is very very strong The weekly time frame chart does have erodesment to indicator bottom The daily does not but again, we're just dealing with the top right now Where might this pull back to with regard to the ndx 100 coda? No a td 9 count no topping pattern whatsoever on the daily time frame That I that I have I I can't force a wave number seven top out there in the daily time frame out there. It's not the It's it's not the clearest of signals out here But what we can see is that momentum is waned we can say that because price would blow a green oscillator and change line So that could suggest a further pullback now We took a look at the ndx 100 And I'm sorry we took a look at the nq and the nq has that daily profile level And that's what you really should be watching and that's at that 149 50 area But to answer your question are there any key in any td 9 count to mark signals for bitcoin natural gas or the ndx 100 The answer to that is uh, no So I hope that helped you out with regard to your question now I don't have any other questions at hand right now So what do we want to take a look at? Let's take a look at that Let's take a look at that ndx 100 and let's do it via. It's a strong instruments out here So let's do that one at a time Because I don't have anything up on the screen and apple would be the first one apple nearing a three trillion dollar Valuation out here, but it does have a confirmed rogment dominicator top It did that on thursday and now there's a new profile that is formed So apple is very likely going to go test the bottom of the profile I suggest that because right now price below that green answer and change line the bottom of its profile Is 181 27? I would say well, let's expand this chart out. Let's see what the apple chart tells us The apple chart shows us the following It shows that the bottoms of profiles have held with the exception of one period of time out here and that period of time was in the end of february To the beginning of a march time frame out there So I to be watching apple and I've watched that 181 27 level of price closed below that We may in fact have a change in trend. Let's continue talking about the ndx 100 with john and philly. Hey john Thanks for calling. Thanks for holding. How are you today? I'm doing excellent and uh, I must tell you I loved that picture of a via Uh, Leonardo, uh, Fibonacci, was that his first name? Uh, that's uh, Mike might get a Leonardo's his first name. Yeah. Yeah, we've got one of our dentists who lives over there in Florence and uh, when he takes walk every morning, he's got to walk right past Fibonacci Boulevard, so to speak I don't remember what the Yeah, that was uh, that was fabulous. Just have a love that tell uh, what a small world this is, eh? It is and that's really the cool thing, you know, I mean, I saw a lot of history and I'll talk more about it You know as I just tried to unpack Some of the things that I did out there, but one of the highlights was you know meeting meeting the tiger face to face Um, you know and in Florence no less and having lunch So, you know, beautiful beautiful time and uh, yeah, I thought that uh, let me near Fibonacci, you know, Larry That's uh, we got to get that. Uh, I'll send Larry a picture of that Need I need to need to do that, but I know you are calling about the ndx 100 You believe that there is a top that has is forming I believe and I think part of that Was uh, using take a look at the monthly time frame charts for the ndx 100 Which happened to have but I'll I'll go ahead and pull those charts up, but but it's your floor You're the one that called So tell me how I can best help you Well, see what what I wanted to do was just ask you about that ndx daily charts that you were just helping product with that Okay, and and I'll pull that up for me if I talk through uh a bumper coming up. I'm You're good two and a half minutes two and a half minutes. You're good Okay, very good. Um Pardon me for hesitating as I was just looking to pull up a chart of mine Which I can't so let me just focus on the question. I have for you Sure in that ndx daily charts I wanted to draw upon your expertise of the um The tommy to mark tools You uh, you use All the time the td9 count patterns on all time frames But steve, uh, you recall speaking with me years and years ago. I had used one of tom's tools Going back decades and that was not only the td9 but the td combo and sequential counts Yeah, yeah for defy or for looking for intermediate term Trend changes completing rallies completing declines What I wanted to point out to you steve was on that ndx daily chart the way I count it Is that as of it was either thursday or friday? That I got a uh 9 13 count a in essence a Uh td sequential cell signal that looks to be confirmed today So, uh, that would argue for an intermediate term trend change I wanted to ask you if you could just elaborate upon that and if you saw the same thing And I'll just listen while you uh address that. Yeah, so john, it's a it's a great question So I do have that tool in my toolbox, but I've got to go dig it back out So so I won't be able to respond right away. We are going to a break, but I and I'll see if I can locate it Um, it's in the other version of the software that I have out here But excellent point. I know I know that you've studied that well and that you've identified it So so first thanks for passing it along to me, but do me a favor. Just hold on through this break Let me see if I can pull up that chart and pull up that tool as well This is Steve Rhodes with john and philly. We'll both be right back in just a few moments You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear etfs china a shares in either direction Visit direction investments.com 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 eight six six four seven six seven five two three 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 funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz At the dow up 28 s and p's up 12 around the line with john in philly take a look at the ndx 100 and john i was able to Pull up that tool and it confirms what what you your work that you did which was uh tays wednesday Tuesday friday so on thursday was bar number 13 was at td9 sequential and it looks like if we get a close today below If the ndx 100 today closes below 15 005 69 you'd get a confirmation of that sell signals that is that what you see as well Yeah, and let me just lastly add Then i'll hang up and thank your help That's a quite your system is the combination of a td9 count And then they follow on pattern and I don't even know what to call it. I just don't use it um what I wanted to share Uh The observation about that particular tool is that that's a deeper couch occurs Infrequently in any markets. Yes, and my experience has been using back tools on sniping six that when the uh system when that tool gives a Training training signal in this particular case a cell signal Yeah, and subsequently confirmed That its accuracy and calling the trend change is something just over 80 percent So there are certain times in which The signal fails But uh, it's the sort of thing that occurs infrequently And give it its uh probability is it it certainly wants me to catch it to that at least for me Yeah, no, no, look, it's uh, you're you're you're you're right on all that stuff and and I need to find a way Uh to to uh to somehow get this tool applied But as you said it happens so infrequently that I just eliminated from my charts um to uh Just you know not to confuse me but but you're right when it does happen You know you want to be aware of it So I just need to go back and see if I can figure out a way You know to at least notify us on a on a chart like that So I appreciate I appreciate you sharing that with us And when we do get off the phone just to help answer kota's question I'm going to go ahead and pull up the uh bitcoin form just to take a look at that I doubt that there's a account there and natural gas and put that on there Just see if there if there is any kind of combo or sequential count out there So thank you for for sharing that with everyone out there and that says that folks what we want to do Again, it's really pay close attention out to the nq and that support level 14 950 inside the ndx 100 itself I don't have any profiles or anything that I can use here for support So we revert back to the nq out there and that will help us out so John thanks. So thanks for like is there anything else I can do for you? I think we might have I think we might have lost them So uh, so I'll take the answer to that is no but with regard to bitcoin Let's put up the june contract. I believe that is expiring here But it's got the most amount of data. So I'll put that bitcoin up here And I don't have anything that shows up for that there kota and I'm sure for natural gas Well, let's not be sure. Let's just take a look at it. Let's get that august contract up there And uh, yeah, no no no signal. There are no tom de mark signal there So we'll thank john for sharing that with us now. That's important now the question is how about the s and p 500 Because I don't have a top there and uh, let's see if the s and p has a similar Similar signal as the ndx 100 does so let's get that populating here And uh, no the answer is it does not it does not So just the ndx 100 which we know can take markets a little bit. Let's take a look at the semis Again, this is just on the daily basis. Yes now the smh's did confirm erosement and indicator top Now I've got that signal turned off at the moment here as I was trying to update that chart um But I'll figure out a way to to add that sequential and combo a 13 signal to the charts somehow Some way out there. Okay. So what would we want to take a look at next out here? I'm just going to see if I've got any questions that have come in the answer is The answer is no so no other questions there Uh, what do we want to take a look at? Well, we got about four minutes here You know, there were never questions actually came in about my trip yesterday And so let's just use four minutes to kind of discuss to discuss that So as as most people know, I wanted a three week uh venture and the first part of that was in was in egypt and um It kind of interesting here. I mean I'm talking about the trip necessarily Oh, let me get on the right screen too. That'll that'll probably be helpful. Um And so the morning that I left I was trying to get some egyptian pounds And there's a currency conversion place in the in the bokeh town center mall up there And at the mall opens at 11 o'clock in the morning And so on that saturday morning when we're leaving and they were struggling to get the egyptian Pounds I just wanted a local currency while it was while I was certainly spending up spending time there and uh With regard to going to kairos also concerned about security Uh, and I can talk about that. So here is I pull up at exactly 11 o'clock in the morning saturday morning because we're got to Got to park my house at about one or so And uh, uh, and it's easier for me to walk in through a retail store through the neiman marcus Doors to to get over to where the currency is versus park in front of the mall 11 o'clock open up my door to walk out. Some guy Is running out of the store Then another guy is yelling stop and another guy So there was a actual robber the store just opened at 11 o'clock And uh, so maybe it's like 11 o'clock 11 o'clock. These guys are chasing a guy You know yelling to stop drop it guy runs into a car these guys You got to appreciate these employees who treated the store as if it was their own because I thought They should just let the guy go who knows with regard to guns. I mean actually got back inside my car But that was kind of a weird way to start the trip Then going to kairou and having had Uh security on my mind, but we were totally secure there in that three-week trip My wife and I we did it with just all carry-on luggage. So 22 days All carry-on luggage and we actually uh, didn't wear some of the things that we had brought with us out there Mostly because the temperature we weren't sure we went planning on being summer throughout all of Italy all of greece and certainly kairou Uh, and then we saw some temperatures that were in the 50s and 60s So we had to pack some other stuff out there But uh, so we did that three weeks now the cool thing is if you've ever if you've ever watched the kingdom of heaven Now kingdom of heaven great movie out there. I recommend it. It's one of my favorite movies out there It's a fictional depiction of basically the the third crusade Going through alexandrian off to jerusalem But uh, the cool thing about that and i'll put this up on my chart the very first thing I see when we arrive into a kairou this is about two two thirty in the morning We're driving to our hotel is passing the citadel of solidine So it goes back to 1176 13th the 19th century out there This is the residence right here that you're taking a look at where all those rulers for 700 years stay now It is an impressive Complex out there But you know you're going from just leaving the us and all of a sudden you're back in history So to speak and then the very first thing that I see You know is is this citadel and I mean it is huge. It is gigantic out there So that was a cool place and then we get about four or five hours of sleep And then we're off that very next day and here's where we're staying the four seasons hotel in kairou And uh, which actually was in is in giza Even though it says kairou I went on the giza side over there and the very first place that we went to was a mosque of even tulin That's the oldest mosque in the world. This is it right here. This the oldest mosque is another picture of it You know instead of prayer in there for sure Not muslim but you can say prayers wherever it is that you want and the whole idea for me was to be able to Really go back in time and try to be at places where you know, I mean we're talking 5000 years ago Here's the hanging church. This is a church that the virgin mary is built on the same site this third century stuff out there I'll show you a pretty cool thing about this church. We get back from this break If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo brian delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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You need to act on at any time First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors Tfnn has launched the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tiger's for just one dollar for the year There's no cash or added costs when you join our community of traders Sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Welcome back folks. So so I'm just showing you the Nile the Cairo area and what's really cool is that so that first day when we Really had no sleep or anything. We're able to go to the mosque The oldest mosque in the world then we went over to Uh, to the church and then the synagogue the oldest synagogue in in uh in egypt And then we went to the area where supposedly christen And uh uh footsteps are so if we take a look at this it's not this church here It's the church just down the street Um, whoops where you when you walk into it and there's a little corridor You see this little hallway here That you that you walk down and that walk that when you walk down the area that takes you to the actual cave Um, or jesus mary worked for three months. So they sought refuge Refuge there now what they did was they took that cave and they took an area that they just simply have covered in glass And supposedly this is the actual stone now How do you know right but uh, it's pretty cool stuff to just be there and be a part of and What if you don't know or what I didn't know was how I would feel, you know Emotionally if you will go it's not like I'm the most religious person or anything But when you just kind of put things in perspective and I say put things in perspective I don't think there's a time in my lifetime when this world is needed more faith Um, yeah, I'm talking about trying to avoid world war three, but here's the well So there's actual well out there that does supposedly, you know, they also drank from so you go from that right? And then the next place that I went to was so here's the nile river And so the nile river has changed over 5 000 years. Yeah global war But whatever it's you know, of course there's been climate change everything's been changing In fact that that's applicable to with regard to the pyramids and how they likely were built out there But here you can see so the nile supposedly came up to the back of the synagogue And that is the area where moses was supposedly plucked from the inile So the cool thing is that in a very small area out here You can see all of that all these are the pyramids. I'll talk about the pyramids tomorrow or the next day But just in a very small space Uh, it's such amazing history is uh contained there. So safe safest can be to go there I recommend, uh, you know, if you've got that on your bucket list No better time than now quite frankly, it can't get much cheaper I suppose it can but not too much cheaper with regard to the dollar versus the egyptian pound Folks, I'll be back tomorrow. Have a wonderful wednesday and we'll see you on terrific thursday