 The following is a presentation of TFNN 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 morning folks welcome to the September 21st that terrific Thursday edition of today's Trader's Edge 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 and 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 even 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 dial on in eight seven seven nine two seven six six four eight Now if you've got a question, but you can't call in you can send me an email Send that off to Steve at tfnn.com and inside the subject heading, please put radio show question Of course, if you're inside our Tigers then well then any and every ping will do so let's go ahead and get this Show started on terrific Thursday. Of course, this is Tiger financial news network. I've Steve Rhodes. Welcome to the show Right now we got all US indices all sectors in the S&P 500 pretty much most things trading to the downside Microsoft's up three bucks Netflix up 13 cents in US dollar. That's the little booger up there It's about to 287 pips right now train at 105 07 or they're about so you got the Dow down 161 the S&P of 41 Nasdaq 157 Russell's down 21 goals off 26 silver 22 pennies the downside Natural gas off two cents and the 30 your Treasury's down two points and five ticks trade out at 116 13 lead the charge Dollar wise the upside you got Splunk as a result of a buyout of 25 bucks facts at research $15 humanity's up 12 FedEx is up 11 United Health Group is up 11 to the downside Mercado Libre off 26 bucks Eli Lilly down 21 Broadcom off 21 HubSpot 17 and Adobe's down 15 points Let's begin by taking a look at the equity future contracts out here. What are you going to be watching for today? Well first They've got the yes many upper left-hand side Testing its swing point now. This is a swing point from August 18 that level that key level to be watching is 43 97 75 I think we were one point below that are above that today 43 98 75 yeah one full point above that now a price close below 43 97 75 volume or not That would trigger an A to B equal CD to the downside the one-to-one price projection of 43 10 the end queue It's just trading inside its swing point This is a swing point from August the 18th August 18th, and so the range there is from 14 792 75 to 14 98 2 Price would need to close 14 792 75 to trigger an A to B equal CD to downside Initial price projection 14 384 the Dow equity future contract is trading into its swing point It's swing point that is dealing with is from August the 25th, and that would require a close below 34 399 to trigger an A to B equal CD to downside the Russell 2000 its daily time frame already has an A to B equal CD pattern It's one one price projection 1766 we're trading 1804 right now. That's what's going on in the daily basis I will be unable to host the show tomorrow So let me give you the most important thing for you to be watching and that's going to be the bottom of its weekly profile It being the ES mini and that's really the only thing that you need to focus on tomorrow to understand whether there's going to be a Change in trend as of the close tomorrow We're looking at the future contract here. Why is that? Well, if you take a look at the blue and the red arrows That I've got on my screen first the level is going to be the bottom of that profile 44 26 Well, you know what that's because it's on this chart here Um Give me a moment here. Give me a moment. Give me a moment. Would you give me a moment? Now the level that I want you watching for is 44 24 50 44 24 50 Your price close below that and really actually on this futures contract here It's okay to use this too because it's we're gonna use them both 44 26 82 So those are the two numbers to be watching. Why? Because a price close above it all this was was a test of support if price closed below it It tells us about a change in trend if we take a look at coming off the lows out here from March of 2020 And you take a look at all of the times price got down to the bottom of the weekly profile So that's why I say it's going to be okay to use my synthetic version of this contract as well Each time price got down there that was the buy the dip area But once price cracks when I mean cracks I mean closes below the bottom of a weekly profile that tends to signal a change in trend That doesn't mean there's not bounces. It tells us that the trend has shifted to the downside So watch those areas right now what we've seen coming off the lows out here off this move from October of 2022 We've seen a couple of tests and rejections of those areas bottoms of profiles. So watch that like a hawk again those numbers are going to be 44 26 and 44 25 so we'll just use 44 25 as the number out there to be watching for at tomorrow's close Again, I won't be able to be with you So that's what's going on inside the daily and really some weekly equity future contracts out here now Let's shift over and do a deep dive into the ESP by the way We're market breadth negative for all time frames out there So we've just got that as we go take a look at these ES mini charts now When I say I was really referring to the daily the weekly the 240 in the 60 I'll take a quick peek here on my other screen see where we're at with regard to a 30-minute time frame and a 30-minute time frame We are also very bearish so we're bearish with regard to market breadth across the board as we take a look at the ES mini charts out here So on a weekly basis, we've really already covered for you What to be watching of course it would trigger an a to b equal cd to the downside of price closing below its swing point So that level out there again is going to be 43 97 75. So that's a level that price must close below In order to really trigger the a to b equal cd now if it does that we know we had a one-to-one price projection of around 43 10 But we can see at 41 94 75 is the TD 9 count breakout area Those would be the price target zone that would be the price target zone from a weekly standpoint Peter Peter's looking at the long term in the short term prognostication on the daily time frame We've really already covered that because we've got again that same swing point that was a bullish morning start candle So you close below that again it being 43 97 75 that triggers an a to b equal cd to the downside 30 minute chart What do we have out here? Not much It needs a bullish reversal candle to confirm A arrangement to mitigate her bottom and that's going to need to close about 44 19 to suggest a further rally That further rally would take us to 44 38 50 44 38 50 if price were to get up there That's where the counter trend move should end if price gets above it says this could be more than a counter trend If we take a look at the 60 minute time frame chart is in bar number eight right now bar number eight completes a 12 noon Bar number nine completes at one in the final bar at 2 p.m. It says that between basically 12 noon And uh 2 p.m. You could get a TD 9 count bottom However the 120 minute chart says, I don't know what you guys are talking about It negated his TD 9 count right out of the shoot out there It says it wants lower price at 240 wants lower price the five hour chart wants lower price So looking for signals here peter on an interday basis I'd be watching the 30 minute because that does have the potential for roads meant to mitigate her bottom And then the 60 minute because it's got the potential to form a TD 9 count But not really until about 12 1 2 o'clock today See roads with tfn. We'll be right back. We'll take a look at the xle the iwm amgo and sgb x be right back Adding stock options to your portfolio can be a major game changer But the full complexities of these instruments can oftentimes allude even the most experienced traders Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market Teddy kextat is here to help on wednesday september 27th from 4 p.m. To 5 p.m. Eastern time Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads Teddy will also go over how to trade stocks and other market movements without large capital allocation How to expand portfolio diversification? How to maximize potential returns? Basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live If you're serious about making money in this market head over to the front page of tfnn.com today to sign up for Teddy's live stream tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right 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 Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors free at 1 877-927-6648 internationally at 727-873-7618 Back folks say before we get to some of those instruments requests out there from hector david and dan and elo I want to come back to the to the general markets here Just so I just just so I give you guys a real clear picture of what what we're looking at Now this chart that you're looking on your screen here The top portion is the es many center portions us dollar index and the bottom portion Is the directional correlation over a 10 day average between the two bars to the downside tell you about an inverse Relationship bars the upside tell you about a direct relationship So over a 10 day average right now we can see it's primarily an inverse relationship why is that important because if the If the s and p 500 the equity markets are going to continue to move lower The us dollar index likely needs to continue to move higher At least that would be the path of least resistance out there. So we've got that out here So now that means let's go take like what's going on the side the major currency pairs when I say major currency pairs It's the three major currency pairs. It's the euro the yen and the pound the three of those combined represent 83 of the total index Now in the case of the euro right now It is tested and it is held It's by the d-point pattern and as long as price remains about 1.063 to that pattern is in effect now Even though it's got to buy the d-point pattern conditions are neutral and they're neutral because that red oscillator and change line at 1.066 Continues to act as resistance. However, if that fails and price closes above that We should see a further rally inside the euro. That would mean we would see the us dollar index move lower So you'll want to keep an eye on 1.0632 and 1.0667 Let's call it. We take a look at the japanese yen the japanese yen right now. It's got a key reversal bar It's also got a bearish engulfing candle Why is that important because there's a road's been dominicator signal It's been triggered and if we get that bearish reversal candle days in This says that the japanese yen should move lower That means it would get stronger and then the us dollar index would get weaker So right now the first two currency pairs are represent 57.6 and 13 6 13.6 of the weighting are saying hey Hold on a second here. We may just getting back to support inside those equity markets and getting ready to turn back around And continue the consolidation Lastly, we'll take a look at the great british pound the great british pound represents about 12 percent Now it isn't wave number seven. That's letter g. There's no other bottom signal Now it does have an a to b equal c d to the downside So bullish reversal candle would confirm a bottom there But what's really key for the pound is price must close above the red oslater and changeline currently printed at 1.2388 So it's got a potential of bottoming signal there But the yen and the euro are the ones to really be keeping an eye on now We don't have to just stop there in the daily time frame We can try to get a feel for what's going on on the interday time period to do that We're going to stick with our 30 minute charts out here and here on a 30 minute basis You can see a nice td9 count bottom inside the euro that formed this morning And now what we've seen here is price has was that yes, uh, was that yesterday? That would might have been yesterday or last night Yeah, 2300 that was uh last night at 11 o'clock So you've got a nice td9 count bottom and what's transpired here is prices tried to break out to break out It needs to close the web breakdown level that's at 1.066 Then we use a 1.066 level on the daily time frame We did that was a red oslater and changeline So we know that that is real key area if that area fails that Signaling something to us It's certainly signaling that we should see the us dollar index move lower Now that would be good or presumably good for equity markets and metals out there If we take a look at the us dollar Japanese yen no bottom in sight here In fact if anything and negated a td9 count bottom It's got an a to b equal cd to the downside It should continue to strengthen meaning go lower that would weaken the us dollar index And finally when we take a look at the great british pound it too like the euro formed a td9 count bottom It did that i believe that was also That wasn't at 11 that was at 730 this morning So you've got a td9 count bottom there But price is going to deal with the real key area to be watching on the pound If it's going to make any kind of really real rally up to the 1.23 level Well, it turns out at 1.23 we've also got a td9 count breakdown level So it's very easy with regard to understanding what the year the message for the euro or the yen is They're likely going to go target those resistance levels Can they take them out if they take them out on a short term basis 30 minutes It's giving a signal to you and I that we may see more of a rally In those currencies and we may see us dollar weakness So I suddenly wanted to cover that that's a portion of really what peter was asking About with regard to taking a look at the e s meaning out there All right, so now let's go move on and let's get over to some of our requests out here The first one coming in from hector and patty And uh, they're having a wonderful day out in california and the question was about the xle Specifically, so let me change panels here. Actually, I'm not going to change. No, I've got to change panels no matter what Let me let me do this here Let me cover the white background charts We're going to shift to the black background charts in a moment out there because we're talking about our a to b Equal cd patterns and so on so I want to be able to To take a look at that. Where did I put that stuff though? Um That's not where Wow, well stevie. Okay. I actually don't even need to so with regard at least with regard to the xle So with regard to the xle what we have here is a rose meant to mean We've got a rose meant to mitigate or top a wave seven top out there But more importantly, we've got price below profile now Well, we don't have out here at this moment in time hector and patty is any kind of a to b equal cd to the downside If I read your email correctly Then I think that's what you were asking about So instead what we have here is we've got a top in place with price below Profile support what that brings into play is its breakout level. That's at 87 54 So odds favorite That's where the xle is headed to on a weekly basis. We covered this yesterday a td nine count top Price is now inside of its profile Don't know where it will close tomorrow But if it does close inside his profile tells us that price should go target 88 63 That's its oscillator and changeline the top of that profile is 90 bucks even steven If we take the monthly time frame chart, we've got a td nine count that is still in effect out here We've seen Three times price trying to break through this 93 31 level has not been able to do that Maybe price is going to pull back to 88 11 So overall the areas I'd be watching are 88 11 88 63 and if those areas fail odds favor We're getting down to 87 54 So no a to b equal cd pattern hector and patty when it comes to the xle at least to the downside And I hope that that answered your question. I know that you had a question about the i wm Which we sort of covered but let me switch over to the black background charts for that Actually, let me switch. Let me stay here for just a moment Let's take a quick peek see if there's any patterns out here that we need to be aware of when it comes to the i wm And on daily basis the answer is no bar number five on a weekly basis No, nothing for us to pay attention on a monthly basis a consolidation and price may be targeted It's both structured support level hector and that's between 170 64 and 173 82 But you are specifically asking about the a to b equal cd patterns out here So we'll switch over to those black background charts and here we'll see the a to b the daily a to b equal cd for the i wm Price closed below 181 94 yesterday the day before It has done it with lighter volume. Does it matter? You're now down below that swing point of 181 94 It's price target or initial price target is 175 05 the retracement along that b to c leg was very close to 0.618. It was 59.01 So odd's favor that maybe this just does a one to one a to b equal cd If you get a bullish reversal candle that would generate a gartly buy pattern So 175 05 is the price target area for the i wm. So hector and patty Congratulations and helping your daughter do what she's doing out there. Enjoy your time And uh, hopefully that covers your a to b equal cd patterns We get back from this break where take a look at avgo for david He wants to know if the gap from may 25th will get filled Sgb extra dan and then for elo. We're going to go take a look at elie lily Steve roach with tfnn would love to hear from you 877 927 6648 or steve at tfnn.com the gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xau hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. So you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor You were born to be tfnn educating investors Adding stock options to your portfolio can be a major game changer But the full complexities of these instruments can oftentimes allude even the most experienced traders Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market Teddy Kextat is here to help on wednesday september 27th from 4 p.m. To 5 p.m. Eastern time Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads Teddy will also go over how to trade stocks and other market movements without large capital allocation How to expand portfolio diversification how to maximize potential returns Basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live If you're serious about making money in this market head over to the front page of tfnn.com today to sign up for teddy's live stream tfnn educating investors 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 dance tfnn.com then hit watch tiger tv Folks we got the 30 year treasury down almost two and a half points. It's trading out a 160 and 05 We're gonna discuss this with john mr. Z inside the tigers den. Hey john. Thanks for calling. Thanks for holding. How are you today? Steve i'm doing very well and thank you for taking the call and my pleasure again on your Friday Even though i'll be back on monday. I will i'll be back on monday. Just again get house to show tomorrow Got to go to a wedding. So what nice to have so with the bond futures Uh Declined acceleration mode Yeah making new lows for the past couple years Please kindly pull up your weekly or your monthly charts And with your projection tools just share with us what you know what the um, what the calculations Show as lower levels in which abcd's are met and all that sort of jazz. I just like to see that Uh, and this will be of no consequence to any of us on trade decision making right this minutes But just kind of looking ahead having that information. I'd be uh, I'd be grateful And I will uh listen off air. Thank you. Okay sounds that sounds great john Thanks for calling and happy to help you out here So the bare first thing that uh, we're gonna take a look at on a weekly time frame Now I have the continuous contract up on my screen folks And that's because I need to be able to access Enough data to be able to provide john with any kind of a to b equal cd patents and so forth out here But before I do that What I want to do is I want to come back and I want to take a look at since the high on a weekly basis that formed out Let me get my cursor. This is the high that formed the weekend in april 7th Since that time period if you use part of the Chapman wave out here What you'll see is we are in wave number seven now this week And so that needs a higher low what john knows Um, courtesy of saratoga bob used to be a inside the den out there who always traded those seventh wave moves john You are now in wave number seven out there. So you may have known that maybe you didn't but you certainly know it now We's a td nine count pattern. It's also in play out here right now That td nine count would get negated with the close below that low and that low out there is at 117 18 out there So if tomorrow we get a close below that that pattern gets negated, but we still have a wave number seven Now the question is always do wave number sevens have an impact inside of the 30 year treasury Turns out the last bottom that formed out here. That was in october october 28 to be exact That was a wave number seven pattern now that could not have been confirmed until the following week Because the lower low just continues that pattern out there. So on a weekly base That's the first thing that sticks out to stevo with regard to a to b equal cd patterns I've drawn in the a to b for at least the first patterns out there. We move that over to the C point out there We'll see we had that first a to b equal cd pattern that was also confirmed back here on november the 18th So you had a td nine count that was confirmed on a weekly basis back on october 21st Then the following week was wave number seven Well, that was really confirmed on november fourth and then you had a bullish a golf a bull sash candle to confirm the buy The d-point pattern said all kinds of patterns out there now The question is how do you draw in the a to b equal cd to the downside here for a price projection? I would use more of a conservative approach here that conservative approach We here we had the uh and that conservative approach would really start but you can do however you want to I'm just using a conservative method for that a to b equal cd pattern I'd start with the high from august the fifth out there So we're just simply going to draw the line from that high Down to the low that wave seven low and i'm just simply going to move this over To then the high that took place after that lowest low back on october 28th Well, the one to one price target there john is going to get us into the 107 ish area out there Hope i'm yeah, i'm showing that on my screen So that's where the a to b equal cd patterns come in whether we look at a daily or a weekly or a monthly time frame Knowledge is simply take a look at the daily time frame and on a daily basis one of any kind of a bottom signal out here We are in bar number five right now bar number six right now We're price moving lower to a less relative energy price looks like it's going to take out its td nine count bottom from august 22nd So this needs a bullish reversal candidate to confirm its next bottom Odds favor it continues to move lower to sideways would have him maybe it forms a td nine count pattern But that would not be until sometime next week out there So that's what i see when i take a look at the 30 year You've got a potential bottom on the weekly daily looks like it's going to continue to move lower out here I don't see on the intraday basis. What else do i have i have only Two things to share with you watch the 30 minute time frame chart It will go ahead or it should go ahead and complete Now i don't know if it will or not It price closes below so let's make sure i give you the accurate data It price closed below 1609 as we come into 12 noon You will then have a td nine count bottom with the pattern completing at 12 30 That should then take price up to its oscillator and change so we can see that's active as resistance And if you can get above there then you're looking to move to about the 116 Um about the 117 level is where I would call it on a 60 minute time frame You're going to form bar number eight or should form bar number eight as we come into 12 noon close This says you could get a bottom between 12 noon and 2 p.m On a 120 minute time frame chart you already have a td nine count bottom now the current candle that we're in here closes at 12 noon So if price closes below 1608 that pattern gets negated suggests lower price out there So again intraday all we can do is really just kind of watch these signals I focus mostly I guess on the uh the 30 minute time frame chart To try to understand any type of counter trend moves if you're our short bonds out there That's about as best as I can come up with so john I hope that that Provided you with the information you were looking for And I'm just gonna assume that that is yes, but if not, let me know and I'll be happy to get back to it So that's a 30 year treasury. Let's now go on to uh request coming in from a david in panama city And david wanted to take a look at ab go out here ab go broad come His question is and let me get back to it actually on this set of charts here. Let me go avg o avg Oh And uh, we're going to Let me close down these uh Currency charts are hogging up some of my resources. That's for sure So give me a moment to do just that and then now we're going to get to ab go Give me a moment. We're going to switch charts here as well Switch screens. I should say so we'll get to the black background screen out here The question was very specific and that very specific question was and I was on the daily time frame And uh david is short and his question is will price get back to this gap that formed back on may 25th May 26 out there and the price point level he's looking at would be between 732 39 and let me give you the uh the entire gap And I know his question was really will fill that entire gap and that would be a 732 39 but it is a sign of strength as well. So 747 42 is another area Here's what I can really share with you and that is this You have a a to b equal seed to the downside that formed yesterday That formed with lighter volume yesterday's volume was 1.3 million shares the b point at 2.7 million shares Now today, you're at 2.3. You're going to have volume today But what you've done is or what this has done is achieved the one to one price target area Oh, you were not seeing it now. You're seeing it here This is the daily time frame chart for ab go as you can see the one to one a to b equal seeding with a price projection of 793 52 price so far the low 790 509 Watch for a bullish reversal candle if you do not get one that's signaling to you and I that price should make its way down Towards that gap what we need to do is take a look at my other charts Just see if there's any other signals here that you need to be aware of when it comes to broad come So now let's go switch over to those white background charts See if there's anything there and there's not you're in bar number three on a daily basis of a teeny nine count Your below profile on the weekly basis 780 106 is a likely price target. That is the monthly oscillator and change line Steve roge with tfnn will be right You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key Indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade Or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus. Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the fund are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz One last thing on ab go here this for david and david What i have up on my screen right now are the consecutive days higher and closer Higher higher or lower out there higher and closer All right higher and lower you can see we're in bar number five today of consecutive moves to the downside Now this chart takes us back one full year The largest number of consecutive moves lower out here have been seven days that took us into loads of june 26 And they saw a nice little rally out there So you are in a date bar number five that says that you know tomorrow or monday Should be some type of bottom where there's some type of rally and that's going to impact your Options positions out there. That's about the best that i can do for you um with regard to trying to prognosticate Where uh prices going with regard to ab go by next week out there So i hope that that helps you out And best of luck to you whatever decision is that you make let's get on to our next instrument This is from dan inside the tiger's den. He wants to take a look at s g b x s g b x It's trading at about let me find out exactly what it's trading at That's trading right now on my other screen at about 94 and this is safe and green holdings out here now safe and green holdings Having a stellar day out there. You've got a big volume behind it 5.2 million shares today. You know how many volumes out so many shares traded yesterday 38 000 That's what we call a sign of strength now that sign of strength has taken us up above the top of its daily profile 165 So this looks pretty good now. It's triggered arrogement to indicator signal that requires a bearish reversal candle to confirm A cell that a uh arrogement to indicator top There's also an a to b equal cd pattern that is in play out here The one to one is going to take us up towards give me a second here. We'll move this over To the c point That would be right there We are above now the one to one a to b equal cd So just simply be on a lookout for any kind of bearish reversal candle short of that price should continue to move higher out there a cgl wow Okay, we'll definitely take a look at that but uh as we take a look at uh So just watch for a bearish reversal candle that would be bad news on a weekly basis Price right now is trying to take out its td9 count breakdown resistance This is telling us first at a nice td9 count bottom back in march Of this year now you're if it can close the month of the week tomorrow above 169 Tells you you really have a change in trend now I'd say it's given us that signal anyways because it's td9 count top was taken out a couple of weeks ago But closing them up 169 would uh really be a positive again You still have the a to b equal cd pattern out there So you got to watch for that daily bearish reversal candle and the monthly chart There's no information there to worry about on a 30 minute basis with regard to sgbx out here I don't see any kind of a top as we speak right now. Uh, you're in bar number seven. That is for while I take that back And no, I don't take that back I don't really see any kind of a top just yet But you are going to get to wave number seven candle a to b equal cd here Watch for bearish reversal candle on the intraday charts just to look for some type of short term pull back out there So dano I hope that provided you with the information you were looking for if not Let me know and we'll be happy to get back to it out last thing out here You are in bar number three of consecutive days higher This has had seven consecutive the most recent one was a seven consecutive bar move That led to a high on september the eighth out there. So nice sign of strength in this and uh, best of luck to you in that trade Uh, elo inside the tigers that wanted to take a look at elai loli elai loli Struggling today lly is a ticker symbol out there It is down and where's it going to go target? Well should target 543 at 543 in your 544 58 right now At 543 that's the td 9 count breakout level if price in fact closes below that that's going to suggest We have a change in trend now. We had a wave number seven. We had a td 9 count top out here So, um, you've got the tops now 543 fails. Where is price headed to excellent question? Hmm We're going to have to go with the next level that I see out here is 464 86 So watch 543 that's going to be more important now on a short term basis And when I say short term, I'm referring to 30 minute charts out here This has triggered arrogement to indicator signal that requires a bullish reversal candle to confirm a bottom We can also see that we are in bar number 8 of a td 9 count So this could form. Let me just make sure we made a lower lower looks visually looks like we did Let me just make sure that low 545 67 545 yeah So you have formed bar or you're forming bar number 8 right now. It completes in 13 minutes You could get a td 9 count bottom between 12 noon and And 1 p.m. And that would then suggest that Eli Lilly should bounce up into the 557 22 type area out there. So that's what I see when I take a look at the charts for Eli Lilly Nicholas writes in and Nicholas is in these trading one of those volatile instruments. That's the uv x y He's made some good money here and his question is should he sell Buy or hold basically and that's a tough thing when it comes to the uv x y the uv x y I think at one time. Let me check on my black background charts Um here. I think I had a I've got a uvx trading plan That is on a two or three minute basis and it uses taz market profile. So let me see if I can Find that That's very weird. Everything is really out of order. What the heck. All right. So that must have been sorted by date um Please bear with me and give me a moment to to find that so I don't have to rebuild it Uv x y trading page. Okay. I do have one. So let's switch over Here's the only way that I've been able to identify how to possibly trade this little bugger out here And that is where you get to the black background screens. Yeah, it was a three minute time frame now You know, you'd want to you want to have access to the profile levels out here But it's just simply something as simple as making sure that price does not break through support And here if we take a look at it, we've got price that broke through support at 11 45 again We're looking at a three minute chart out there. So that's the first signal of potential waning momentum to the upside It's not the best of systems, but it's a pretty darn good system when it comes to trading these volatile Positions these fall, you know uv x y which is one of those if I put it on a five minute time frame out here You'll see right now that price is back at support and that's the bottom of its profile So let's go with that as your signal out there And that says if you see a close on uv x y below 1503 Certainly two consecutive closes odds favor that this is going to continue to move lower out there So that's about the best that I could do. There's no reason really for us to look at those charts out there On a daily basis or anything You've got to find some type of intraday time period out here to assist you with that trade So the other thing, you know that you can do is you're also paying attention What's going on inside the s and p 500 the e s mini we've talked about our equity futures are testing that key swing point level 43 97 75 if that area holds that would also have me exit that position and take those nice profits that you have Your price closed below it. Well, then that would be suggesting We could see lower price inside the s and p 500 the e s mini and then maybe you want to only take a portion of that trade Off and hold on to it. You've also got the nq testing a key level Let's see yes, maybe that's going to have more of an impact But if the nq holds 14 982 Then that's a signal that we could see a bounce to the upside out there and presumably that would send uv x y to the downside So those are the types of things Nicholas and I would be looking at to assist you with that trade So right now we got the dow down 139 the s p l 42 nasdaq down 172 the russles down 19 points Some eyes off 29 us dollar index still up 267 ticks lights recruit up 28 pennies And we will be back in just a few moments Adding stock options to your portfolio can be a major game changer But the full complexities of these instruments can oftentimes allude even the most experienced traders Whether you're a season trader looking to sharpen your knowledge on options or you're completely new to the market Teddy Kextat is here to help on wednesday september 27th from 4 p.m. To 5 p.m. Eastern time Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock options spreads Teddy will also go over how to trade stocks and other market movements without large capital allocation How to expand portfolio diversification how to maximize potential returns Basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live If you're serious about making money in this market head over to the front page of tfnn.com today to sign up for teddy's live stream tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. 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Just visit the front page of tfnn.com Look at our last request out here. This is from Joe who wants to take a look at gdx's specific question is Has this bottom now? You'll see that yesterday was bar number eight of a td9 count This would only form a td9 count if price were to close today above Uh 29 72 So we're not going to have a td9 count top out here likely and what price has done It has pulled back and has tested a key level of support that key level support is that red oscillator and change line That is currently printed out Joe right now at 28 89 This can be the sign of a bottom But of course all going to depend upon what that us dollar index is doing We took a look at that in the beginning of the show if you didn't catch that go back and watch the replay of this So it isn't a potential bottom now price closes below that level We're going to see the gdx make a run for 27 53 out there So I hope that that helps you out so to finish off the last minute here Let's just go into one of my japan stories out there. So one of my favorite sake's. It's called kakunko It's made by the oldest. I didn't know this at the time. It's made by the oldest sake distillery in japan It's been around for over a thousand years 1140 I believe was the first year produced sake. So that's my favorite sake Um, I've not been able to get this into us But I was able to get my hotel concierge to get in touch with the president company They sent four bottles to my hotel We drank three of them. We were over there to sell my celebrate my birthday. We went to this place called sushi iwa sushi iwa He turns out that it is one of steve jobs when he was alive his favorite place to go to in kiyoto The owner of the shop came over to tell me that I didn't know that at the time and I said his name is toshia I said toshia. Let me show you my contact list. I went to my contact list I pulled up steve jobs direct phone number obviously when he was alive I had done business with steve over about the last three or four decades out here So it was pretty cool That is where I ended up going to celebrate my birthday and what I did on my birthday and he knew it was my birthday I brought him a bottle of kakuko as a nice gift. What did he have for me? He had a bottle of kakuko that he gave to me as a gift. He and I are brothers. That's toshi I folks have a terrific thursday. I'll see you on monday. Have a great weekend. Take care