 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning, folks. Welcome to the October 19th, the terrific Thursday edition of today's Trader's Edge show. I'm your host, Steve E. 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 one. Now the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift. In every set of circumstances, that life is going to toss at us. Now today, you and I, we're going to go check on the 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 want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this, during this next 53 minutes, I am here to serve you. So feel free to pick up that phone. I'm here from you at 877-927-6648. Now if you've got a question, but you can't call in, you can always send me an email. Send that off to Steve at tfn.com. And inside the subject heading, please put radio show question. Of course, if you're inside our Tiger's Dinnable, then any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We got a mixed bag out there. It's like this right now. Dow S&P and Nasdaq and Russell are down. 78 points in the Dow, 9 points in the S&P, 2 points in the Nasdaq, 109 points in the Russell. The semis and the tranes are up slightly. 2 points for the semis. The tranes are up 22 points. To the downside again. Gold's off $4. Silver's down 18 pennies. Light's recouped as flat. Natural gas off 6 cents. 30 treasure. You're putting out 108-31. That's off 10 ticks. Leading of charge. Dollar-wise, the upside, Netflix. Big move there. 15%, $52 move. Lindsay Corporation, 23%, $25 move. Azimil Holdings, $14 move. 2.5% service now. A 2% move for 11 bucks. MicroStrategy, a 3% move. Nearly 10 bucks to the upside. To the downside, it's booking holdings off 46. Lamb Research down 32. O'Reilly Automotive down 29. Eli Lilly 25. Tesla's down 21. That's an 8% move to the downside. So we got movers and we've got shakers. Let's begin our day by taking a look and see where we're at with regard to market breath for the S&P and the Nasdaq 100. If we take a look at the ES Mini right now, you are market breath bearish for its 30-minute timeframe. 119 instruments above, 186 below. Let's check on the Nasdaq 100. See if it is market breath negative for its 30-minute timeframe. The answer is it is. Just slightly, 28 above, 34 below. So 28 above means trading above resistance. 34 below means trading below support. TAS market profile resistance and support. If we take a look at the 60-minute, the 240, the daily and the weekly, we are all negative when it comes to the S&P 500. If we take a look at, so the S&P is negative across the board. The Nasdaq is also bearish across the board. Weekly, now daily, the 240 and the 60. So sellers should be able to step on the gas here. We're going to have to go take a look at those charts and just see if there's any other signals out there that we need to pay attention to. But first, before we do that, let's start with the larger timeframe. So we're going to switch panels here so I can do that. And we're going to take a look at the daily and the weekly timeframes for the equity future contract out here. Just remind ourselves where we at, what are they doing on these timeframes? So if we take a look at the ES-mini, ES-mini has a buy the D-point pattern. A close today below that oscillator and change. So the profile here, if you notice, is different than the profile level that we took a look at when they did my market update. That profile level on the market update, the e-signal set of charts using the same set of data is at $43.33. But when you look at this chart, it's $42.55. We use both of those numbers. So you may, if you're listening in at the 11 o'clock update, I said if we get a close below $43.33, $42.55 would be our next target area. And that's because that's where that profile resides. I said if it closed below that, then the target would be the buy the D-point, which is that little bullish piercing candle right there. And that low would be the secondary level of support. And that would be down at the $42.35 level. And $42.35 is the exact same price as that bullish chamber candle on the weekly timeframe that confirmed a currently buy pattern. The issue here to the upside, clearly, for the S&P 500, the ES-mini is $44.24. That's the bottom of that weekly profile. That's the level that price would have to overcome in order to suggest that there is some maybe legs to the rally. If we take a look at the NQ out here, the NQ's got a TD-9 count bottom. Now, in the case of the NQ, its profile levels are the same on both sets of charts out here. Yesterday was a close below that oscillator change line. Remember, it's trading also below the center of its bearish structure daily profile. Odds now really favor a move down to $14.676. The bottom of that profile below that will be a TD-9 count bottom. That resides at $14.586. On a weekly timeframe, no bottom signal, just simply a swing point that is held out there. We take a look at the Dow. The Dow has a buy the D-point pattern. The Dow is stronger than the ES and the NQ simply because price is trading above its oscillator change line. If the Dow loses that battle, and that battle is righted about where its center line is at of its profile, $33.658. That's the number we're going to go ahead and call it. If you get a close below that, Odds would favor a move to $33.148. Yesterday, the day before that, we saw the Dow try to take out the resistance where the sellers were at. They were unable to do that. Those sellers reside at $34.167. We take a look at the weekly timeframe. It needs a bullish reversal candle to confirm a buy the D-point pattern. On the Russell 2000, it's got a rogment to indicator bottom. That bottom would be negated if price were to close below $17.2430. If it does that, and it closed actually below $17.2070, so it got two different levels. If it closed below $17.2070 tomorrow, that will negate its TD-9 count bottom. That will suggest a strong further move to the downside. That's what we're looking at. We take a look at the daily and the weekly timeframe charts for the For Equity Future contract. We do a little bit deeper dive into the NQ as an example. We can see that a key level of support has held. That's on the four and the five-hour charts. That's at $49.50 and $49.65. Those are the TD-9 count breakout levels. We take a look at a two-hour timeframe chart here. The two-hour timeframe chart negated a TD-9 count bottom. We just have price consolidating with inside its profile. Resist is at $150.98, support $14.957. 60-minute timeframe chart. Rogment to indicator bottom. We know it's market breath bearish. The price closed below its oscillator and change line. It's currently printed at $15.002. So it's called $15,000. Well, I was going to say actually the number that you need to use for the 60-minute timeframe chart is the bottom of its new profile. That's at $14.988. If price closed below $14.988, then we get all the way back down to this morning's low at 4 o'clock, and that was at the $14.937 level out there. A 30-minute timeframe has got a Rogment to indicator bottom. That turned into an A to B equals CD, but doesn't look like that pattern completed. Price right now on a 30-minute basis, which is also TAS market breath negative, is trading below profile and a red oscillator and change line. Odds are favoring. As we take a look at these charts here, we're still going to leave it with this key number here. I'm going to go with $14.988.50. If price closed below that, you're likely to see the NQ continue to head lower and test the overnight low. So that's what's going on. We take a look at the futures. We've got some requests out here. A few, I believe, want to take a look at CELH from KGJ, the VIX from InnoVisual, CBX from G-Motion, and URA for Jimmy D. C-Roads with TFNN. We'll be right back. 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For all the details and to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys and stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. 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. 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This is going to be CELH, what we're looking at. CELH. What's going on with my keyboard here? CEL, it's weird. Sorry, folks, just a little technical glitch that I've been having. I think I need to shut the whole system down, but we take a look at the Celsius Holdings ink right now. We can see that it's trading above its daily profile. In fact, it's forming an A to B-equal CD to the upside. So, let's see at the B point, which would be the trading day of October the 11th. It did volume there of 891,000 shares. When that B point was passed, it was October 17th, 1.3 million shares. So, what you have here first with regard to the patterns is you have an A to B-equal CD pattern to the upside. So, let's draw in the A to B point, and then we'll just simply go ahead and we'll copy this, and this will give us our measured move equal to the one-to-one. I'm trying to copy and grab it. Man, this keyboard is really... Give me a second here. Let me try doing this. Turn this off. Turn this off. Turn that back on. Turn this back on. Let's see if we can do it now. Wow. What the Sam heck is going on here? Okay, so I'm going to go with Game Plan B. If I can't here, I'm going to move that point to... Wow. If I can grab this... I really do have a Game Plan B here. It's just not working. Okay, so we're going to go to Stevie's other Game Plan B. Sorry about that. That means we're going to switch over to my other system just so we can take a look at the A to B equal CD pattern out here. So if you give me just a moment, we'll get over there, and here it's going to be a piece of cake. So we're looking at the price projection levels. That's what the A to B equal CD tool really provides us with. This price projection areas for us to be looking at with regard to where price could or should turn. And here the one-to-one price projection gets you up to $177.62. Now the retracement there was a $618. It was 61.6% retracement. So no clue as to... So typically when you get a .68 retracement, .786 retracement, the A to B equal CD pattern completes at about the one-to-one area. So it looks like you're getting up towards that range. Now the reason why I say could or should form an A to B equal CD is because you wait for the market to communicate that to you. The way that it does that, the bears will show up. The sellers will show up. And the sellers would have to form some type of bearish reversal candle. Now I just used seven of them because those seven have the most meaning out there as opposed... It's easy to remember seven. Really 14, but it's really seven because you got the bullish and the bearish. But once you know one, you know the other side. So we just kind of make it easy for you. The other 45 or 65 or 95 different candle sticks that are out there, I haven't found much use for them. Others may have, but with regard to the tools that you and I use here each day, don't need those. So you'd be waiting for some type of bullish reversal candle to confirm at top. Now I don't know if you're in this or not, but you do have that A to B to be equal to the upside. Now, if price spikes above the high from a couple of days ago, that was October 17th, and that high was 175.63, if price can spike above that today, tomorrow, even the next day, what you could get or should get here is a TD9 count top. So there's two different patterns that are in place. Today is going to become bar number eight. But the bar number eight here unless it pokes above, just has a poke above 175.63, even if this bar number eight doesn't guarantee us of a TD9 count that's going to complete. Bar number eight needs to be the valid count, which means either to the upside or the downside, it's got to be the high of the account in either direction in order to get us that 90% rule that completes those TD9 count patterns. So if we take a look at the weekly chart, as long as we're here, we're back inside its profile. Your resistance level here is 178.15. If price can close above 178.15, then Celsius holdings probably does have some legs and you could see it move all the way up to the 206.85 range. Monthly chart, if I just simply switch back to my other set of charts out here, what you'll see is that price is pulled back to test its green oscillator and change line. And as long as price holds that level, that's a bullish message, by the way, why? Because the green oscillator and change line tells us that the price oscillator, the difference between the 19 and the 39 period, exponential moving average, that that is above zero. And it is rising. When the line is green, it's rising. Those are bullish conditions. I developed this tool specifically to be able to help us understand when a retracement was just a retracement back to support. And it works for all different timeframes. So in the monthly timeframe, we know that Celsius holdings pulled back and found support where it should have, and that was at the 150-80-ish level out there. So overall, stock chart looks pretty good. You've got that A to B equals CD, a potential TD-9 count as well. Not much more that I can provide to you. So I hope that helps you out KGJ out there. I'm going to struggle with that one. No intention. InnoVisual wants to take a good spot ball utility index. So let's switch some charts out here. Go take a look at that. I don't know what specifically Inno would like to look at. So I'll just throw out a couple of different things for you. There was a question that came in, I think it was last week, and it was from John inside the Tiger's Den. And he was really asking about the 50-day exponential moving average and the ESMini or the S&P 500. So what I've got up here on my chart right now, the very bottom portion of the chart is the spot ball utility index. The red line is the 50-day exponential moving average. So these green and red rectangles, boxes or what have you, they are identifying periods when the spot ball utility index was below the 50-day. So if you just start on the very left-hand side out here, what you'll see is that when the spot ball utility index is below its 50-day exponential moving average, odds favor a move higher to sideways. When price is above the 50-day exponential moving average, the little rectangle, red rectangle right next to that, that tells us the market wants to move lower to sideways. So you can see how this works. You can see why I use that 50-day as a guideline as to what the intention of the market is. Right now the intention of the market, in this little red area out there, is price has been above its 50-day exponential moving average since about September 20th out there. So this rectangle may have to be redrawn and just expand it out, but that's the first thing that I would take a look at with regard to the spot ball utility index. If we take a look at the spot ball utility index with regard to other tools that are out here, well, what else can we learn from the spot ball utility? You know what we can learn? So this here, when you have those one-day rates of change, those one-day rates of change out here, where does Stevie have them? There we go. So here's your one-day rates of change out here. And what you typically have, you take a look at the last one, you know. So the last one-day rate of change above plus 10%. So I look at the plus 10 and a minus 10%. The last above 10% was a trade-in day of October 13. When you get a one-day rate of change above plus 10%, you typically see a bottom or a bounce in the very next trading session. What did we see? We saw that bottom slash bounce out there. So that's a cool way. Does that tool always work? What it does, how it really works, and it's real intended use, is when you get that is to be if you trade futures, especially if you trade the ES mini out there. If you trade futures, what this is telling you is to expect some type of rally usually overnight, or usually it starts by 3.30 in the morning when Europe is fully on board and trading out there. But sometimes it can start taking place right at about the six o'clock timeframe. You're typically looking for a roadsman to mitigate a bottom out there. So more times than not, even if the following day closes lower, you had that intraday rally, which is pretty helpful because to get a one-day rate of change above plus 10%, the market is finishing usually at its lows. It looks pretty miserable out there. And then there's an overnight rally that typically takes place. So you know, I hope that helped out with regard to the spot follow till next. Right now again, we are above the 50-day experience we're going to have because that gives sellers the edge. We'll be right back. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free! Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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 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 Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien 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 Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV. Back folks, we'll take a look at the charts here for Chevron, CBX is the ticker symbol. Trading right now at about $169.40, $141 out there. And we'll take a look at CBX. I'm going to start on the right-hand side of the chart. We're going to look at the longer-term first, the monthly chart. And what we can see is at the resistance level here, G-motion that you're watching, there's $172.17. If price can close above that, then that's going to signal to you and I that price wants to go target at $189.68 level. So $172.00 and change. That's numbers going to change. Why don't you make it $172.40? Price close above $172.40? That would be a bullish signal. If we take a look at the weekly timeframe chart, a close tomorrow above $168.96 negates a TD-9 count top out there. Now, it's got resistance at the $170.20 level. So $170.20 is another area that you'd like to see price close above in order to suggest it wants to make move to $187.81. And now we're at the daily timeframe. The daily timeframe, the positive is, price right now, yesterday tested to reject to the top of its daily profile, $169.16. It's taking that as we speak again. The volume at the swing point that is targeting is a swing point from September 28th. The volume on that swing point was 7.1 million shares. In the first two hours of trading, you've done 2 million shares. So it's pretty close from a volume standpoint. But if price can close inside that swing point, in order to do that, it needs to close above $169.43. I would say odds favor a move up to the top of that swing point area. That level is up at the $170.170 area. So, G-man, I hope that our G-motion, I hope that that provided you with the information you were looking for. If not, let me know what else you need. I'll be happy to get that to you. Let's go to our first caller. It is John in Philly. John, thanks for calling. Thanks for holding. How are you today? Steve, I'm doing very well. Excellent. I thought I'd jump right in and ask you about the metals and the GDX. Steve, we've been all watching and you've been documenting for us the very abrupt reversal off that October 6th bottom. Just parenthetically, recall that was the day that the Commerce Department issued employment statistics, gold and silver. I think both made lower lows reverse higher and we've just been off to the races since. Yes. And as you've been mentioning yesterday and today, a Tom DeMarc pattern that you use very routinely is coming into play. And just for the benefit of your listeners, of course, Steve, you and I have talked about this for a decade, but I had first been introduced at Tom DeMarc's work 35 years ago. Yes. And that TD9 coach pattern that you often mention is Tom DeMarc's strong nine trading day rally pattern. And that pattern is one which is defined by nine consecutive closes, each close above the close four days prior. Correct. Okay. Now, with that just having been defined clearly, you are observing in the Comix, gold, silver and the GDX that the daily charts is in the process of completing one of those TD9 count patterns. Now, Steve, you and I all, we know that a thrust pattern, a TD9 count pattern can resolve any number of ways. We can get a pullback. We can rally immediately thereafter and do a recycle, which is what Tom DeMarc named a pattern where another TD9 count occurred immediately thereafter. Yes. And then there's variants that he's come up with that he called TD combos and TD sequential patterns. Yes. That is a quick tutorial just of the terminology that you're using and that I've been involved with for 35 years. Yes. My question to you, Steve, is specifically this, once a TD9 count pattern is achieved, has your use of their own signaled or given you the experience to say, hey, the odds are X that after a TD9 count pattern we do pull back or not? That's my question. Yeah. And that's a great question. And what I would simply share with you is Dave White and I were on the mission of solving that question. And we were literally like a day away before his pass. In fact, we probably solved that that day, that afternoon. Because what we were, so I don't have that answer and that answer right now is locked up in heaven somewhere. So the way that I take a look at this is just simply try to use whatever other tools we have. So that would say go to short term timeframes to see if this is likely to take hold. So right now we've got up on our chart screen here is we have the daily timeframe for gold, the weekly timeframe for gold and the daily timeframe for silver and the GDX out there. And as John was so kind of pointing out, you'll see that yesterday was bar number eight. If you're watching this on Tiger TV or inside the den, yesterday was bar number eight. In order for bar number nine to complete today, price just simply has to close above the close for bars earlier. Well that would be bar number five on my system and that close out there and that looks likely today. That close though is 1941-50. As long as price closes above that we will have a confirming TD9 count top today. Now in the TD9 count pattern sequence, the bar following bar number nine either to the upside or the downside, depending on whether we're looking at top or bottom, in this case here would be the upside. That's when the pattern can complete. So it's really sort of a TD10 pattern out there that we really want to take a look at. So the high of the pattern may not be yesterday, may not even be today and could be tomorrow. So that's the first thing that I would look at. Now in the case of the, in the case, in this instance here, we had silver provide that TD9 count signal. Yesterday it confirmed that. Today is just simply that confirmation. Now in the case of silver here, there's also a new profile John to this form or is attempting to form it. It looks pretty solid and that support level is where price got down to this morning, which was 2280 and resistance is up at 2331. Its pattern will complete today. Right now it's yesterday's high. That's the key level and if price takes that out it says we are going to continue its move to the upside. 2349 is the price that close would need to close above. Its next level resistance then would be 2392. In the case of the GDX just like silver, it's also attempting to form a new profile. Now price right now is testing the center of this barest structured profile out here. Ideally price won't even close inside here today. But if it does, you really want to see 2903 hold. If 2903 does not hold, odds favor price pulling back to 2818. Now John you've heard me say many times I'm sure when we get these TD9 counts I give the direction that price is then going to go ahead and make a move towards that oscillator and change line. That's something that David and I did resolve and what we saw that occurring we saw that happening 90% of the time. When we got a TD9 count bottom where price pulled back and at least tested that oscillator and change line. So but what I also have are these profile levels out there. So whereas I would have just said she automatically look into the GDX price is going to pull back to 2818. I've got to take into account these profile levels as well. So you're welcome to stay on if you'd like. I know I wasn't able to answer your question as specific but right now we're trying to figure out where is price likely to pull back to. But I'll further answer that question whether you hang out or not. Steve Rhodes with TFN. Hope you're right back. If you're going 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 Basil Chapman creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors This program is brought to you by Vista Gold. Traded on the NYSE Ameritrade you can find the information on the website on www.fibonacci.com and on the website at TFNN.com. The Fibonacci 24-7 newsletter is available on the website at TFNN.com. The Fibonacci 24-7 newsletter is available on the website at TFNN.com. The Fibonacci 24-7 newsletter is available on the website at TFNN.com. This program is brought to you by Vista Gold. Traded on the NYSE Ameritrade and TSX under the symbol VGZ. Back folks so the perfect, John went ahead and hung up but we're going to still stick with this idea here just for a moment and that is how do you know when a TD9 count top or bottom is likely in fact the top or bottom. If you take a look at the two-minute time frame chart out here the two-minute time frame chart for gold the gold future we're looking at it's a perfect example of the 9-9 count this forms a TD9 count it does it on bar number, the bar following bar number 9 we end up with a one-bar pullback and then boom it's back off to the races only to do what? To finish another TD9 count as it did at 1140 just two minutes ago, a couple minutes ago. So now if that high gets taken out and that high is up at 1972-20 that tells you that the rally is going to extend itself. Now even on a two-minute basis here I would be looking for, if I was going to intraday trade this I'd be looking for some type of signal well the first signal on a two-minute basis the reason I've gone down to these charts here 2, 5 and 30 is because the daily time frame is the one that has that top so if we take a look at this if we're going to get a turn on a daily time frame we're going to first see it on the intraday charts here well on the intraday charts here if you look at this two-minute chart there's one pattern that we see where there's only been two bars that have been taken out the lows of the prior bars that have been taken out otherwise the lows haven't even been touched with the highs being taken out you don't even have to be a technical trader that's not even a technical pattern that is just telling you that you've got more buyers than sellers because the sellers weren't even able to get the bar down to at least the prior bars low out there so you know I would say that the turn is going to take place on the intraday charts first and you're very skilled at this John so I would just look to those to help assist with is the daily time frame TD9 count pattern now in fact showing us that it's getting ready to reverse out there so thanks for the questions I hope that helped really everybody out there let's go back to some of our questions the next one that came in I believe is take a look at Uranium URA as a ticker symbol and this is for Jimmie D we take a look at Uranium out here all that I've got right now Jimmie is price trading with inside his profile attempting to take out the top of his profile I believe the top of that profile is at 2593 and we're at about 2594 of course I've got a little bit of a data feed issue out here so URA is really printing out at least the last trade to fire it off at 2583 not 2594 so it's just get found resistance at the top of that profile the level that Uranium or URA needs to close above is 2611 that's that green oscillator and change line and that price can close above 2611 you're back up towards those recent highs we take a look at the daily time frame here is a TD9 count on a weekly base remember I shared with you that in the studies that Dave and I were able to do 90% of the time when you form a TD9 count which is what happened on the weekly basis price is going to pull back and test that oscillator and change line that's exactly what happened the week of October the 6th out here now price has held that level so what's its condition its condition is neutral it's not bullish I would say it's more bullish than it is bearish but you got a TD9 count support is held so on the weekly basis it is a neutral signal on a monthly time frame the signal here is bullish because inside a bullish structured monthly profile it's above the center it's above a green oscillator and change line Uranium should be able to make its way up to 3016 so that's what I see when I take a look at the Uranium charts right now the key level for you to observe two key levels are going to be 2593 at the top of that profile and then 2610 or thereabouts that green daily oscillator and change line out there so Jimmy I hope that provided you with the information that you were looking for the next question coming in from Phil Phil wants to take a look at O-M-C-L O-M-C-L is make sure I'm on the right screen here I am it is Omnicell and Omnicell is one of these stocks here that took out yesterday's low never got to yesterday's high out there so certainly that's a bearish signal but what Omnicell really needs to do it's pretty stretched and by pretty stretching when it gets stretched like that you generate a rogement and indicator signal now in order to generate a bottom pattern there's a bullish reversal candle if we get that that's a rogement and indicator bottom and we tell you that price should then target the bottom of its profile 4336 out there if we can get above that 4453 the weekly chart has no bottom signal maybe there's an A to B equal CD pattern if there was a weekly bullish reversal candle that would confirm yeah there's an A to B but it's a bullish reversal candle to confirm that pattern the monthly chart is also bearish in fact the monthly chart is suggesting that Omnicell and I the Omnicell wants to get to about 35 bucks so I don't see much in this as we speak I don't see any kind of bottoms not that one can't form two minutes from now but as we speak right now there's nothing in the cards that suggests that Omnicell has attained any kind of bottom whatsoever so I hope that that helped out with regard to that if there was some other piece of information you needed just please let me know let's go on to our next request which is coming from Captain Triage Captain Triage wants to take a look at Disney so as we take a look at Disney what we know about it is that right now price is trading within its daily profile so your support levels are 82, 30, 82, 23 that's the bottom of the profile 83, 55 that happens to be the oscillator and change line and then the resistance zone which is between 84, 32 and 85, 72 what I don't have out here is any kind of a topping pattern other than a double top so to speak with price making its way back to a prior set of swing points that were back in September 15 so what I'd be watching here Captain Triage it's going to need a little triage work if price closes below that red oscillator and change on the daily time frame and then that triage ought to bandage itself up at about 82, 23 and if price closes below that well then that's a bad scene and that tells us that you likely headed back to the recent lows in October out there now on a weekly basis what Disney did was it generated last two weeks ago a roadside indicator bottom we had a nice key reversal bar bulls and golfing candle session when price was already stretched in fact it already had a roadside indicator bottom that still is intact the one that formed between September the week of September 8th and 15th out there the two bottoms make a difference now what makes the difference is being able to get over resistance and resistance here is at 86, 14 and 88, 70 now on a monthly time frame it's bad news bears out there that is unless it generates a bullish reversal candle and it could it's got a bulls and golfing as we speak right now still a little bit too early in the month to be able to make that call but if it does generate that then that's going to give you a buy the d-point pattern and that should then take us up to its red oscillator and change line that's up at 88, 49 so overall Disney right now things look okay but if you get it closed really between 80 to 23 then you've got some problems in river city I hope that that helped you out let's go to our next request out here because I don't even have that in so it's ICII this is for ELO inside the Tigris Den there's two other requests I know of that we've got it will certainly get to those before the end of the show one is for Microsoft, one is for Apple ICII just waiting for these charts here LCII, oh thank you so appreciate that because ICII wasn't picking up diddly so thank you ELO if we can get that LCII to populate well that's doing I'm going to look at it on my other charts out here LCII which is trading out at about 114.32 LCII, jeez this keyboard good lord alright so right now you've got a consolidation with inside its profiles in between support and resistance support out here 113.66 resistance is the range of 116.66 to 118.16 if you close below 113.66 then the next area potential support is 104.46 you have to go all the way over to the monthly chart to be able to see that out there now price if it close below the bottom of that profile it would also be below the daily oscillator and change line and that would certainly suggest reaching into the swing point now the swing point back here which was also wave 7 bottom when this formed a bottom out there courtesy of the Chapman wave that swing point ranges from anywhere from 111.74 to the high 106.14 at the low but that would become the target area with a close below 113.66 Steve Brogd with TFNN 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 Kegstad's tiger forex report Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen as well as many 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. 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