 Mr. Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks he has an outstanding show here every trading day also is a great newsletter now the newsletter very easy to get folks come over to our website at TFN you hit newsletters you can see it on the right hand side mastering probability you can get it for one month for $149 you can get it for six months for $695 which is the savings of $199 at 22% and you can get it for one year for $1195 which is the savings of $593 or 33% now they all come folks with a 30 day money back guarantee Steve has a huge amount of information out there it's a true education when you go over there you get the newsletter you're going to get the whole education at the same time if it works for you awesome for some reason doesn't work for you guess what get your money back Steve Rhodes what's going on just good football well sort of good football pretty good weekend with the exception of the the Giants game that was kind of seemed to be over pretty quick I know and he was almost coming back and then it just went again yeah seriously but good football the Jaguars you know they held up pretty well against Kansas City yeah you know Holmes I don't you know pretty amazing to play with a high sprain like he did isn't that folks if you didn't see what Steve's talking about it's unbelievable man this Holmes he's the next Brady anyway I mean I think he is a he's just unbelievable he was limping folks he's got one down he's the fire is it was like wow that was amazing then I know no it is so it'll really be amazing to see you know whether that heals somehow in time this weekend if it does it's just simply miraculous you know they're using the most advanced technology they're probably using you know different injections and so forth you know that you know what's called PRP or replacement therapy stuff like that you know to help out so it'll be interesting so but I'm going with the Eagles in the finals I'm going with the Eagles and the the Eagles and the Bengals so we'll see you know that's a good game yeah San Francisco is you know they've been playing pretty well all things considering and I got this 23 year old quarterback out there Brock yes and but I still think the way the Eagles are have been playing you know just so strong I even though they're you know they're giving up the home field advantage I'd like to see the Eagles win after after the year that they've had and you know in the Kansas City's playing at home so they have the advantage even even if my homes isn't there but the way Cincinnati is playing I think it would just be great to see them I think you're right man and the Eagles came back with a vengeance man there's no doubt that's like okay very good so last week when we're talking about last week or the week before I think last week was a holiday but the week before we were talking about the different I brought up the third year of a presidential cycle okay one of the tools that I use here now I don't have to do all this work on my own I'm just able to go utilize these tools from the folks at Season X and this chart here for the NDX 100 Tom this shows how it has performed during the third year of a presidential cycle last time we took a look at it it was for the Dow which had taken back to the 1800 so it gave us a lot of data points here it's not as many data points but the point is that this suggests that the low for 2023 may be in and that was one of the things that you and I talked about the last time that they were together out here so if we take a look at just simply the average seasonal cycle during the last 37 years for the NDX 100 its pattern looks like this and it would also suggest that the low for 2023 may be in so what's really important here I'm not here to tell you whether it's guaranteed to be in or not it's just that until those lows get taken out these two charts here tell you about the seasonality no if the if the if the so-called recession talks are really going to kick in they haven't kicked in with the way that the NDX 100 typically responds during recessionary periods now again here because I have a limited number of years I can only go back to 1986 with the data you know I've got the recessionary years is 1990 2001 7 8 9 of course and then in 2020 out here and that's what the pattern looks like and this is not what are what the NDX 100 looks like right now so not that this can't kicked in but the thought about the recession and what it might do to the stock market it's just not playing out as we speak at least as of January the 23rd out there let me get back here so instead what the NDX is doing today now I'm not going to be taking a look at short-term time frame charts out here the 10 minute you you covered that out there but if I take a look at what the NDX 100 is doing today and here we're just taking a look at the cues so everybody can produce these charts themselves on their system right now now this was taken a snapshot Tom about an hour ago if the cues close above 28469 it appeared that it would have the volume as it's passing its swing point now the swing point volume there was a 47.7 million you probably can look to let me know where I have an hour it will have it yep it'll have the volume so this is signaling to just an A to B equal CD land this is suggesting that they move might up but we might see them move up to 29885 that's the first initial price projection I would say the way that the NDX or the cues have moved off of that C point of this A to B equal CD pattern chances are price will exceed the one to one level now it's only Monday and this snapshot again was taken a few hours ago before the market started to pull back a bit but the cues right now and it doesn't really matter what it's doing on a Monday matters what's going to do on Friday but price if you take a look at that center chart there prices trading above its descending price channel and the top of its profile so that's signaling to us that there may be a change in trend this is going to be important on Friday not Monday at 324 in the afternoon if we look at a monthly time frame chart it actually has a confirmed A to B equal CD to the downside where the price target down in the 194 level out there so its B point was actually taken out with volume however with the monthly chart for the cues also show and here we just can take a look at the upper right hand panel Tom one of the tools as you know that I used help us identify tops and bottoms are the TD 9 count patterns and this here folks and I teach that to to everybody it's an easy pattern to understand you really want to learn it here we can see that on the monthly time frame chart so even though we've got an A to B equal CD to the downside on a monthly basis we also have a TD 9 count bottom which one's going to win out I don't know the answer to that but it helps us to go take a look at shorter term time frames because they can assist us so we already looked at the daily time frame that has a confirmed A to B equal CD to the upside that's really shown here in the bottom right hand panel out here so that's what's going on there the weekly chart shows a nice roadsman to mitigate her bottom and a TD 9 count bottom that's lower left so it's got that nice solid lows out there to suggest that it's possible that the low for 2023 isn't and that's the last October's low out there but that that is a very solid bottom so here's what we've learned the third year of a presidential cycle is very bullish for the NDX 100 and a low should be in for the year the normal seasonal cycle pattern over the last 37 years for the NDX 100 is very bullish the NDX 100 is not following the recessionary template that we showed out there the daily cues are going to confirm an A to B equal CD should get us up to the 298 level the weekly chart as a nice as a breaking out if it's a descending price channel again we won't know more until Friday the weekly chart shows a nice TD 9 count roadsman to mitigate her bottom and even though the monthly shows a confirmed A to B equal CD to the downside it also has a nice TD 9 count bottom so what do we do next well let's go take a look at the top eight waitings of the NDX 100 the only two that are suggesting a potential short-term top are Apple and Tesla I mentioned the TD 9 counts here we have today both Apple and Tesla completing TD 9 count so my expectation is we will see Apple and Tesla pull back Apple to the 136 51 level Tesla around 124 48 so that's my overall analysis of the NDX 100 as a great update Steve you know it's amazing what I love the best like telling you that this whole thing about the NDX is not saying a recession it's like in our trading career I've never seen anything like this in my life that's gonna be a recession gonna it's like okay well I don't know about that there's not this a lot of jobs out here man having great one Steve thank you thanks Tom stay right there folks