 The Trader's Edge with Steve Rhodes toll-free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge now Steve Rhodes. Good afternoon folks welcome to the September 27th magical magnificent Monday edition of today's Trader's Zed Show. I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey let's make sure we have an extraordinary one and the easiest way to do that is always remember that life is happening for us not to us. That's right we need to make that one little two by four shift. Well it means we can find the gift in every set of circumstances that life is going to toss at us. Now today you and I we're going to go check out the circumstance of these markets. We'll go figure out what those bulls and bears with those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here but much more important than that and that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone you can dial on in 877-927-6648 if you can't dial in we've got you covered there too you can always go ahead and send me an email send it to steve at tfnn.com inside the subject heading please put radio show question and in our Tigers Den any and every ping will do so let's go ahead and get this show started on magical Monday. Of course this is Tiger Financial News Network I'm Steve Rhodes welcome to let's show a mixed bag out here you got the Dow 117 points 35 34 915 is the print while the S&P is down 11 NASDAQ's off 148 Russell's up 35 points some eyes are down 11 tranny's up 231 New York Stock exchange is up 77 while the Wilchers off 61 points you got the gold is basically flat trade in 1752 and Silver's up 28 cents that's up about one and a quarter percent she's trading at 22 71 lights recruit up 27 pennies as well 70 56 is the print there natural gas big move up 40 cents trading out at five 54 30 your treasury is back five ticks right now lane the charge dollar wise the upside you've got SVB financial 21 bucks Tesla 19 Boston beer Sam Adams is up 16 and signature bank up 13 to the downside Mercado Libre Yikes down 77 or 4% Chipotle off two and a half percent 48 Amazon 46 1% HubSpot down 41 there's some big shakers to the downside IDEX laboratories down 37 so plenty to look at of course I want to look at what you want to look at let's begin I hope everyone had a great weekend hope for all of you golfers out there you how could you not enjoy well you would not enjoy it if you were European but if you're from the US that was just simply spectacular spectacular play for three solid days out there and it was great to see teamwork and that's what we're about here teamwork you and me we're going to go try to figure out what these markets are doing so we'd love to hear from you 8779276648 in the meantime let's take a look at the weekend to see out here the weekend to see is the NDX 100 let's do it via the it's TAS market profiles let's begin by taking a look at the daily and weekly which I should have up on this screen here we'll just expand this chart out so what do we know about the NQ well what we know about the NQ is this formed a TD9 count top and from there price went ahead and went all the way back and tested the bottom of its weekly profile that's at the 14802 level that is the area where price needed to close below on a weekly basis in order to generate a change in trend signal otherwise you know what it is it's a buy the you fill in the blank dip level that's what it is now that was the buy the dip level and then on the trading session of September 22nd these three candle sessions right here that created the three river morning star that completed a currently buy pattern and now we have price inside its daily profile as long as price stays above 15097 we may see a run to the 15532 if price closes below 15097 we may see a run back down to the bottom of that weekly profile 14802 oh great stevo you can't be more specific than that well let's go take a look it's not really me it's just the charts out here all I can do is I'm just relaying the information to you got a confirmed daily currently buy pattern let's switch over to my eight panel chart here give me a moment to do that and here you've got the weekly the monthly the daily and you've got intraday time periods for the NASDAQ equity future contract so let's take a look at the daily let's just stick with the daily for them for the moment I'll expand this chart out and here I'll give an expanded a little bit more because I get stuff so here you can see your three river morning star also a bullish and golfing candle session your a to b equals cd if you if that would that created that garterly buy pattern here's the road's momentum indicator top along with a td9 count top so it had a little bit of everything now even though we have the bullish signal that was generated by that garterly buy pattern what price must do is close above that green oscillator and changeline in order to get to its bullish ways that becomes resistance we can take a look at today's price action price gets up there tags it moves all the way back down to the bottom of daily profile the bottom of the daily profile is not shown here but you do see the td9 breakout level 15076 so what it's really generated for us right now is a neutral signal and remember we are in a consolidation pattern across the board all four of the equity future contracts out here which can become difficult markets to trade from a swing standpoint but from an interday period that's a whole different element but what you're going to be watching for at day's end whether today or tomorrow is does price take out the low of this bullish pattern if it does that could signal a change in trend or does price in the nq specifically get above 15389 not get above close above that oscillator and changeline but what do we know right now we know we have a valid bottom price moves higher and it's just simply testing support folks that's bullish action not bearish action but still again price must close above this oscillator and changeline so that's the daily message out here what's the weekly message well the weekly message this does not show this is this chart right here i'll expand this up this does not show this is the continuous contract for the nq this does not show the bottom of its weekly profile but we looked at that chart together before we came over to this white background chart so price just simply creates a roadsman to mitigate our top and all price is supposed to do is pulled back to test support in fact that's what it did it pulled back and tested support which held so that is somewhat bullish of course in order to really get bullish here price has to close above 15612 that's the current reading on its oscillator and changeline the monthly chart this has a 89 count pattern that is going to go ahead and complete i'm assuming it's going to complete by i think the end of the trading week is went i'm not weak but uh count september is wednesday wednesday or thursday out here but prices above its oscillator and changeline 14622 so it's really kind of a neutral signal so you got neutral on the monthly the weekly says hey all the action is done at this stage here price got back tested support rejected it you know the idea can't bust them down price will try to bust them up the bust them up doesn't get confirmed until we see a close above the daily oscillator and changeline and then we can take a look at the intraday charts out here uh for signals do i see anything of significance the only thing i see is on the two-hour chart we had a td9 count top that went ahead and started price pulling back you blew through the td9 breakdown level it's first level 15205 typically you crew you cruise through one you go to the next and in fact that's exactly what the nq did at 15 090 25 do i have some kind of bottoming pattern on the two-hour time frame chart i do not on the 60 minute we've got a td9 count bottom we have a td9 count bottom on the 240 um i don't see anything specifically on the five-hour chart and on the 30 minute chart uh the 30 minute chart would say hey folks price right now what is it doing it's taking on its oscillator and changeline so let's come back here and let's open up this chart take a look at it so what do we know i couldn't really legitimately draw an a to b equal cd to the downside so we don't have that kind of a bottoming signal out here what would indicate that this may have bothered we'll be right back we'll talk about that soon we get back to the screen 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 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call now toll free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks so we were taking a look at the nq the 30-minute time frame chart that's what's up on our screen right now and although we don't have any kind of bottoming pattern uh such as an a to b equal cd down a td9 count a seventh wave move uh nothing what we do have though is we can see that the oscillator and change line has been a resistance theory and price right now in this session which has another 12 minutes so we can't confirm uh at this stage here that we're going to see a breakout but if price does close about 15173 that at least suggests a bounce up to the top of the profile of 15238 and if price can close about 15238 what the signal what even though we don't have the bottoming pattern per se uh we're just taking a look at where prices fighting support and resistance areas and so as we take a look at 15238 if price closes above that that would generate a signal of a move up to about the 15377 area out there so that's what the nq that's what the 30-minute time frame chart is showing us let's go back to a time frame that does have a valid bottoming signal that would be the 60-minute chart so let's go see what it's communicating to us so on the 60-minute chart here we can see that as price was pulling back early in the morning that formed a td9 count pattern so what does this suggest to us well we can see on the 60-minute may be difficult for you to see but i'll describe it to you there is a profile that formed about an hour ago it's bearish in structure the top is at 15238 the center is at 15212 and the bottom is down at 15109 so what is this telling us well this tells us you have significant resistance between 15212 and 15238 and the if price can close above 15238 or price should run to is the 15399 level so where should this rally stop but this is just some kind of counter trend move and that there's a larger trend to the downside well the answer is going to be in that 15238 or below that level out there so that's what's going on with the nq and good to spend time really take a look at what it is communicating to us since it is the of the four equity future contracts it is the one that is trading that is the weakest out here so let's maybe we'll come back to the equity futures charts i do have one only one question at this stage and this was from david and well so we'll stay on this screen here i think i had already started as uh david wrote in quite a bit earlier this morning i think i still have it up yeah right here so let me get david's question is hey steve uh yeah yeah yeah yeah yeah yeah yeah you've got uh 230 puts expiration this friday on ticker symbol c o i n and uh and david is from the is from panama city and there are beautiful beaches there that is for sure now coin c o i n i don't have a ton of data so when we take a look at monthly and weekly charts out there not really a ton of information but what does the daily time frame chart i tell us right now so let's expand this out and this is showing us boy not even a ton of data here so i've got no bottoming signals or anything along those lines i think what i'm going to do here for roberto coin well first let's just take a look at the intraday chart say 15 minute chart has a bottoming signal but price ran right in resistance 229 uh i don't have a bottoming signal on the 30 nothing could for what you if this and the 65 minute chart if we have one take close to the upside you'd have a roads moment of indicator bottom so you may have some intraday strength here but on a daily base i'm going to switch from here i just simply because not providing us with a ton of information let's go switch to my black background charts it will just whoops it'll just show up uh i think well i don't know what it will show up let me just simply do this so c o i n and it is a coin based global so the only profile that we have out here uh david is the daily profile in on friday price closed below the bottom 233 today it is below that level and uh only bar number five on a td9 count so you know price is likely pulling back into the swing points from uh july 20th and the july 19th level out there so i i don't see more than that i wish i had more data to really do an analysis out here um but it does look like it wants to head lower out there so thanks so much for writing in and best of luck to you on that trade uh the russell 2000 so we we just spent some time taking a look at the week uh index let's go take a look at the strong index you've got the russell 2000 up 38 points let's expand our daily and weekly profiles get a feel for what's going on here now of course the bigger picture inside the russell 2000 is the consolidation pattern that is in play we probably could uh fix up the bottom of this up pattern here it should be a little bit lower but i'm not going to worry about that at the moment what is price doing well price right now is trading inside its barestructured profile and that's between a range of 22 96 at the top and 22 75 so let me switch my other charts let me get my other charts we'll switch panels out here and we'll get to the russell 2000 we'll take a look at that quad series do i have it up yeah i do okay let's uh change screens out here you know mr bill my wingman is making sure that i do what i'm supposed to be doing here thank you for that so now we've got our quad screens our quad we've got our eight panel screen here of the russell 2000 so where do we want to begin let's begin by the monthly chart long term what do we have we've got the td9 count all that did was push price back to the oscillator and change line therefore its pattern is neutral to bullish russell 2000 we see just that sideways consolidation you and i were looking at that on the daily timeframe out there but you can clearly see it on a weekly basis if we take a look at the daily chart td9 count takes price right back to where to its breakout level nothing broken there prices above a green oscillator and change line that suggests that price is going to go target its highs but we do know there's significant resistance at 22 96 and then at 2307 short term timeframe charts rogement of indicator top on the 60 nothing on the well i don't know the 30th population looks populated but let me just repopulate it make sure yet nothing on the 30 nothing on the 120 of confirmation or the 240 or the five hour timeframe chart so actually russell 2000 still looks to be bullish and that may be signaling to move up into that 22 96 area let's go out to brent in martinez california brent thanks for calling thanks for holding how was your weekend how are you doing today oh my weekend was great do you have a couple years was uh another one as well it was it was absolutely it was great and uh good to hear you uh what uh what is it that you'd like us to take a look at today you kind of beat me to the punch i was uh interested in having to take a look at the iwm just because it seems to be acting fairly well if that's indicating anything to you i know you look at the patterns and some of the different levels to be watching but if it seems like it's there could be a little bit of a rotation happening and that's that's you know starting to back off some of the big cap names are starting to have a pause which is you know understandable and and then also if you get a chance to look at the six because i know it's hovering around that 50 day ema so there's nothing that nobody could take a look at absolutely so with regard to the russell 2000 brent i would just simply first just say in the bigger picture we try to understand the message of the markets at least from last week's perspective where last monday we had that uh significant push lower all that really was taking place was a consolidation was just setting up uh the consolidation pattern that is in play out here and those are the four rectangles that are uh that i've got on my screen out there and yes i had the same thought as you did maybe there's just simply rotation out of the nasdaq into the russell but the reality is we just have this consolidation pattern and until price either breaks to the upside or to the downside um i don't know that we're going to get a ton of information released to us but brent we're just about to go to a break out here if you'd be kind enough to hold through that break we'll come back we'll take a look at this we'll put the i w m charts up on the screen just take a look at those and then anything else that you'd like so steve roge with brent in martinis california we'll be back in about three minutes having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join 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you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back up folks so we're on the line with brenton martinez california and brent wanted to take a look at the iwm the russell 2000 out here and so those are the charts we have up on our screen you've got daily weekly and monthly charts now what brent and i and you now know is that prices trading into a resistance zone if we take a look at the daily time frame chart those blue horizontal lines show us the profile level so when the center is closer in proximity to the top or the bottom in this case here it's closer to the top then we refer to this as a bearish structured profile so significant resistance their sellers are reside at 22681 there's also buyers we'll just call that 50-50 but all the sellers are also hanging out at the 228 level now that's on a daily basis brent the top of the weekly profile in it too is a bearish structured profile is at 233 233 64 to be exact and on the monthly it's 234 53 so we know in this 235 we'll just call it rounded up here area that's a significant resistance level that if price can close above then that will turn the eight they'll turn the gertley buy pattern and that's what formed inside the iwm it's what's formed inside the russell 2000 equity future contract out here you can see the a to b equal cd pattern now folks i want you to realize that here's the one-to-one level than the one-to-one point two seven two the one-to-one point six one eight this pattern did not complete or confirm until this day right here september 22nd that was a bullish reversal candle that was a bull separating candle so now you have a confirmed by the d-point gertley buy pattern uh but we know that price is trading into resistance hey brent any questions so far about the resistance levels or or anything else that i i've uh mentioned no i think that's great see that's helpful that that gives us an area that we could get about that that would be of course pretty bullish if it stalls there then that gives us an area you know on the downside potential that it could find support and that's what i'm looking for okay so let's take a look folks there are excellent thank you for for for that brent if we take a look at the just simply retracement levels so we know that price is pulled back into the top of its bearish structure daily profile we could also see that price at the point seven eight six retracement so on any gertley pattern folks there's basically five different outcomes the very first outcome is the point three eight two retracement well price got through that with that uh bull separating candle it just simply proceeded to get up to the point six one eight level that would be outcome number two before price pulled back now we're at outcome number three the point seven eight six area outcome number four is going to be getting into that 229 area and if price can clear that swing point that swing point by the way has volume about 22 million shares then that could set up the outcome number five and that would be an a to b equal cd to the upside is that what i'm calling no but what there are folks is there are five different outcomes for every gertley pattern and at this stage here we don't have really any indication that outcome number three the point seven eight six retracement is the end of it look the a to b equal cd pattern inside the i w m the one to one level only takes you to 233 38 which is basically getting you back to the uh it's all-time highs from back in june of no that wasn't i think the all-time highs were back in may yeah they were i'm going to go back here so it's back in uh so really what price would be doing is taking us back into the march sorry march 15th 2021 that's its swing point high out there so those are the patterns that i see in play right now uh brent what we know at this moment at 1 33 in the afternoon this price in the out russell 2000 is traded into a resistance zone as to any questions before i move on to the spot no no i think that's it okay so if we take a look at the spot volatility index out here friday price closed below the 50 day expense moving average and that was um while the current 50 day expense moving average is 1859 and price is traded 1845 so brent if we can get a second consecutive closing below that 50 day that's a signal that we should see the es mini go at least target the top of its profile it's not substantially higher from where we're at that's at the 44 83 level of course closing above that would be a bullish outcome so the spot volatility right now if you were to ask me what is the signaling to us i'm not sure because it's pretty much sitting right there on the 50 day expense moving average we just have to wait to see what what day what what the end of the day brings to us the only other thing that we could do would be to you know take a look at the es mini as an example and see if there's some kind of uh bottoming signal out here on some of the short term time frame charts the i only have the daily on this this little package here i only got the the daily so here folks we take a look at the daily this too also has a garly bi pattern and where price is running the resistance is that oscillator and changeline that's currently printed at 44 46 so brent and everybody that's listening that's the level that if the es mini closes above very likely the spot volatility will be below the 50 day expense moving average and then that says price should get to that 44 83 level and above that back to its all-time highs if i look at the short term time frame chart the short term time frame chart or the 30 minute chart does have a confirmed rose momentum indicator bottom it did that's done that a couple different times out here but price has been unable to take out resistance and resistance is both its oscillator and changeline but more importantly it's at 44 45 75 that is the top of the current profile that price is trading in but what we clearly know is that the buyers are trying to flex their muscles the first rogement indicator signal of a bottom took place at 12 30 the next one took place as we came into the 130 time slot both with bullish engulfing candles what hasn't taken place is a close above that oscillator and changeline but more importantly it closed above real resistance which is 44 45 so brent that's what i would be watching during the day out there if we see it close above the 44 45 level then odds favor back to the daily we get up to the 44 83 zone does that create some questions no i really appreciate you i'm actually be taking a little break from the markets for go up and do some fishing around tahoe for tomorrow and wednesday there's the bigger pretty good hike it's about a five mile hike to the best country lake and do a little trout fishing and relax and kind of detach myself from the markets for a little while oh that well that sounds like a very peaceful thing to do now is it is it what kind of trout run there there is a rainbow trout that run there is it uh something else yeah well the one that we're hiking into my oldest son and he lives up in Tahoe so we're going to have an opportunity to go with him which should be a lot of fun and we're having a time together and kind of year you know or like in the fall what we're in right now is a good time if they start to come in and of course forwards for the winter time so you should pretty often then and doing a fair amount of feeding so we'll see yeah and there is a rainbow this particular lake has kind of special it has a cutthroat trout in it it has a brook trout in it and it has rainbow trout in it so cutthroat trout i've never heard of a cutthroat trout trout what is uh what why the name do you know or or or how's it different it's a pretty special fish it's only present in i don't think i've heard of pure mid-lake it's out in nevada okay i have an erupting that looks a little a little bit like mono lake and has a puff of piles and it's kind of a pretty stark landscape but it's on the indian reservation out there and it's okay i believe it's uh is it the truckie yeah i think it's the truckie the only one that runs actually east and so it goes that's what it's closed into it ends up in that lake and so it has their their lohattan cutthroat trout and so it's kind of and i think they just took some of that uh species or that variety okay the strain of trout and they put those into that lake i'm going to so there's not a lot of those around as well as she used to place their their present well i i hope you and your son catch a cutthroat as well as everything else out there it sounds like a great time and uh you know just have a peaceful time enjoy the time with your son i'm sure you will and uh we look forward to your fishing stories when you get back we don't want to hear about the one that got away we want to hear about the one that you hauled in yeah i'll try not to exaggerate too much just have a have a great week i'll talk to you when i get back sounds great friend thanks so much for calling to be safe out there that was brent from artinas california stebro's with tfnn would be back in just a few are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water markets tiger real estate llc is a firm that has extensive experience in the tampa bay whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that's seven two seven three two nine eighty three twenty two call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information paper whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade date delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day meet back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv the trout up on our screen here so interesting that this article was from one year ago october 2 of 2020 this is a i mean quite a gigantic fish this one is this is a 31 inch yellowstone cutthroat trout out there so hopefully brent we're we're all sending you uh whatever kind of light it is we need to hopefully uh we'll just say and look here's a picture out there we can just simply paste your face in there if you'd like but now we want to catch the real thing but that is a that's a big trout and if you catch that please put that back away just take some pictures and put that back even though it'd probably be good eating that guy gets that big he needs to hang around for a while and then even uh no questions by phone no questions by email no questions i see inside the tiger's den so let's go uh just simply surf around what additional information do we need to look at as far as the equity markets are concerned let's take a look at new york stock exchange having a good day so remember this has come from that oversold level of minus 150 that is panel number two that's the advanced decline oscillator that is nothing more than the advanced decline line but we take a look at the difference between its 39 and 19 period exponential moving average that's what creates this line out here when price is above the zero threshold level right now it's at 37 that tells us that buyers are the ones that are in control of the markets well we should test that theory out our buyers in control of the markets out here let's go find out the easy way for us to go find out is let's go see what market breadth looks like perfect excellent idea stevo so now let's open up our market breadth charts those are the ETFs and sectors inside the s and p 500 but we're interested in just seeing what does the s and p 500 look like and boom voila there you go you're looking at the speed dials those are up top you can see the weekly the daily the 240 and the 60 they are all set in bullish configuration what does that mean well as an example i'll open up the chart here and on a daily timeframe let me get rid of that middle box so you've got your crossover a crossover is a bullish crossover when the red line goes above the the green line goes above the red line bearish crossover is the exact opposite so what we know as we speak right now is 201 instruments inside the s and p 500 are trading with inside their profiles 177 above the top of their box that's bullish and 125 below the bottom of the box and that's why we have this bullish crossover so the preponderance of evidence right now we even know you've got the es many pulling back is from a market breast standpoint and it's market breadth bullish let's go take a look at the nasdaq 100 the nq which is the weak link out here today and as we take a look at it the daily time frame the 240 the 60 and the weekly they're all set in the red zone out here so we've got conflicting signals but what we do we've already done you and i we've already taken apart the nq and those bottoming signals such as the garly by patterns those are going to form before we typically see crossovers in these time frames but nonetheless this is weak the nq that is when i say this is weak so we've got conflicting signals out here but generally speaking for the general markets the message at 145 in the afternoon for the new york stock exchange is bullish anticipating a continued move higher now that bullishness will get a larger signal if that spot ball until next does close below 1859 currently traded 1848 okay what else do we want to look at out here let's look at gold silver and the us dollar index so a gold silver us dollar index let's get to the right tab oh steve okay so what do we know about gold first of all gold confirmed a garly by pattern how did it do that it formed a a to b equal cd to the downside our a point out here was back at the high at september 3rd the b point was out here on september the 14th and that also was our c point for the a to b equal cd to the downside this makes a 1 to 1.272 and the reason why it's a confirmed garly by pattern is because of the trading session on the trading day of september 20th that folks was a key reversal bar and that says that the low of that pattern which is 1742 30 is the key level that price needs to hold well that was tested last week it was tested on thursday it was tested on friday so support is held we could see prices trading with inside its daily profile out here hasn't really gotten a ton of traction but just consolidating but it does have a valid bottom how about silver silver is going to generate the same kind of patterns today the a to b equal cd pattern out here um well actually let's let's do this because more important than that let me get this going on this chart silver december uh because what i'll show you is the rogement of indicator signal that is being confirmed today so i'll pull over this white background chart the reason it's being confirmed much like when we took a look at the i w m with brent you now have a bullish reversal candle a green body candle is not a bullish reversal candle nor is a red body candle they just tell us we're price open and price closed that's all they do but what you and i are looking for our bullish and bearish reversal candles to confirm patterns in this case here we can see that silver has pushed lower stretch and generate that rogement of indicator signal and now today you may get don't know if we will at day's end but at 147 the afternoon you now have a confirmed bottom inside of silver now resistance is at 23 23 bucks that's the top of its daily profile but you now will have bottoming patterns inside of silver and inside of gold well the us dollar index generated a sell the d-point here is its a to be equal cd pattern so the eight point inside the us dollar index that's down here on the low of september third the b-point out here is going to be the high on the trading day of september 13 and the following day september 14 was the c-point we can see this made a one to one or a little bit more than a one to one we knew that it was confirmed because of that bearish and golfing candle that formed on september 23rd now does it mean that it's bearish and it's getting a crusher it's going to crash or anything along those lines in fact right now until we get the us dollar index below 93 15 the signal is somewhat neutralized so it's really a neutral type signal out here as prices consolidates with inside the pattern but what we do have and this is really what i wanted to share with you to sum it up you've got a valid garly by pattern inside of gold you've got a road's meant to mitigate or it looks like you'll have a road's meant to mitigate or bottom inside of silver and you have a solid d-point pattern inside of the us dollar so things should be ripe for the precious metals to move higher of course as i say that i'm sure somebody's typing on their computer right now getting ready to send me an email and say well well what's the gdx doing okay so i'm going to anticipate that i'm going to front run that question out there or really just stay in the metals area and as we take a look at the gdx do we have a bottoming pattern the answer is we don't we don't have one just yet now if price we're able to close above its oscillator and change line that's at about 30 33 then we would get a different signal but that's not what we have right now so maybe everything is set up maybe we see something that takes place tomorrow maybe not but everything is set up and ripe for metals to take off to the upside for the us dollar index to move lower and for the gdx at least to generate some kind of a bottoming signal so i do see we do have a question that came in this is from david h and top ball texas and he wants to take a look at aurora borealis acb no aurora cannabis out here so let's go to our three time frame channel out here our three time frame of task market profiles acb is the ticker symbol the stock is having a good day today and it's forming a bullish engulfing on a weekly chart where's a good entry point well the problem is we don't know on a weekly chart we don't know if it's going to be a bullish reversal candle or not until friday but nonetheless let's take a look at the daily time frame data and you're right this is a nice candle with some volume and prices above the top of its daily profile excuse me 629 is that key level let's pull over the daily chart out here the daily chart shows a rose momentum indicator bottom that's being formed and confirmed for a second time so it does look like acb aurora cannabis does have a valid bottom we come back from this break let's go pull apart the short term time frame charts and see what we can find 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 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monthly for more information you can call 877-518-9190 that's 877-518-9190 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks so we're taking a look at aurora cannabis acb's a ticker symbol for david in tom ball texas tom ball is outside of houston i believe i just looked it up on the map and then i think david i've been out i think in the 90s i played in a golf tournament in the woodlands i know i played in the golf tournament there's a couple of courses in that area so a nice area for sure but with regard to the weekly time frame what we don't have here on a weekly time frame yes we right now we have what appears to be a bull sash candle it's only monday can't confirm that until friday but i don't have a bottoming pattern to go with it we don't really need that because we've got that bottoming pattern on the daily time frame that's the rose mint dominicator signal now as we look at a 15-minute chart out here this is suggesting to us that price is going to continue to move higher because it's negated as td9 count top creates a td9 count top price pulls back inside its bare structured profile find support at the center of that level and has taken up but the 30-minute chart says maybe not so fast i know you're looking for an entry point this is bar number nine right now as price gets up to its td9 breakdown level at the 641 area so i'm going to suggest right now that you hold off on just jumping on this train bar number 10 would complete at 230 and whatever the high is at that stage if price closes above that high that this is a freight train moving north and we talk about a strong moment to move to the upside and at that stage here because you're just coming off the bottom i'd say now would be a time to start otherwise perhaps this td9 on the 30-minute chart amounts for something and you see price pull back into about the 625 level price right now is about 643 so i hope that helps you out with regard to a bottom signal here you definitely have spotted a nice bottom it appears inside of the pot marketplace aurora cannabis being one of the holdings there so thanks much for writing in and folks stay tuned we've got two more great hours left your favorite polar bear david white he's up next after that tom o brian he'll take us on home i'll be back with you tomorrow on terrific tuesday have a magical marvellous monday folks and we'll see you tomorrow building wealth trading in the stock market seems impossible