 investors. The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Second of September, we're looking at the Dow minus 123 at 30,057. So within the context of millennium levels, that's 1,000 points, I always consider that it is both a physical and a psychological moment, because fund managers tend to remember horizontal very well. In other words, breaking into the 34,000s and then going 35 and 36 and then just missing the 37,000 as an all-time high, because the high in January was 36,952 in the Dow. These are just numbers that people kind of lock on. It's easy to do. It's very different to a horizontal line, say, oh, the trend line at 29,568 in January of 2020 was hit exactly in the Chapman wave inside track when it went to, that was the fifth of the month of 2021. So we go to May, we go to 35,091. Well, if you do horizontal, you know that the next move up in the trend line resistance is going to be 35,062. It just doesn't work that way. But numbers, as I say, horizontal numbers, especially the ones in the millennium level, those are easy to remember. So we are now a little just a little bit off with the low today is 33. I think we broke, we just broke 30,000. Yes, we went to 29,994. So we're a little bit above that at 30,058. And to tell you the truth, it's more a psychological thing for me and therefore most people, I mean, the majority of people, if you had to say to them, I want to be close to the Dow, they said the Dow, I wouldn't know what the Dow is doing. So that's the way I look at it. And now what I'm saying to me is that in the context of the arch formation, remember in the Chapman methodology, one of the patterns that we look at, and actually one of the patterns that is extremely important in the three wave forms that I look at all the time, straight line up, straight line down, that's a one, cup formation, that's two, arch formation, that's three, or a mix of one and two or one and three. And in this particular case, one and three straight line down, then the arch formation fails at a peak A or a B, second peak or the first peak, takes out the left side low and you can get a one to one to the downside, which is kind of what we've just done. Look, 31,182 was the low September round of the sixth. We spiked up within four days up to the 32,500s. And yeah, we are, we took it out, you know, my rule of thumb with a dreaded H pattern, we call it dreaded H because if it takes out the left side low, it can go a lot lower. Well, we took it out and we basically got ourselves a one to one to the downside. So everything's pointing to the 30,000 level, at least on a very near-term basis, is being important. That's one of the reasons why I first subscribed to my opening call. We've raised a huge, one of the one of the largest cash positions we've had in a long time. Yes, we're trying, you know, we tried to go in for a very low price stock single digit or just a very low double digit. As a trade, if it works, it should work very well. If it doesn't, it's going to take you out right away and we're out, we're out. So I'm treating this right now as a feeler moment where stocks that are under the radar that have the potential to do something, I'll give them a chance, but that's about it. And a question came in saying that you, it sounded like, you sound bullish. Well, I don't know how I can actually sound bullish when we've raised this kind of cash. We are still short the Dow from right there, right there, and that was around about the 22nd of August in about 33,300s and we remain short that position. But within that, we can have 1% or 1.5% trades to try to see if we can trade the diamonds. We've had some really good trades in the diamonds. But I, at this particular point, they are merely near term trades. That's all they are. And almost like feeler to get a sense of whether the support level has held or hasn't held. So within that context, let's just run this and say, these are the parameters that I'll be watching coming into next week. We are extremely oversold, both on a technical level and an emotional level. And in terms of the fundamentals as we look at it with the Fed, a near term oversold condition, not looking out that still says we should still test and maybe even break the June low. We don't know yet because we've come down very far. Look at the arch formation in the S&P. The June low was at 36.36. I can't remember now. Yeah, 36.36.87. We're at 37.66. So we're substantially higher. But things can happen very quickly. And you know my contention, when key support level, especially the inside track support level is taken out as it has in this weekly chart, you've got to be careful because there's a chance that you're now in play, especially after your peak B, if it becomes a big B minus with a dreaded H pattern. So no, we are very cautious looking out. I'm still saying that when you consider this is the ninth month now, since the highs were made in January, the monthly chart is actually still looking pretty decent. But that's at this very moment at 10, 12am Eastern time on the 22nd of September. I might say something completely different next week this time because we're starting to wrap up the month of September. That goes to the Friday hour, Friday close on the month. That's interesting. Why? Because just before the end of the month, there's a huge decline. It needs to start off the following month with a big dip. You're already underneath the left side low of importance. So anyway, we're going to be watching this. I don't know what it is that's going to make the market turn around and say, hey, hey, hey, I want to rally in the Dow 1500 or 1600 points. In the S&P, I want to rally 150 to 200 points. I just don't know what's going to trigger it, but I do see a very short term, very oversold conditions saying there could be a surprise to the upside in both price and time if we're able to have a decent close on Friday. That's tomorrow at four o'clock. But in the meantime, on a very short term basis, I wanted to show you this because I joined it in. I showed it for those of you in the Tiger Den, not Tiger YouTube, but the Tiger Den. You would have seen me drawing various. It's the E-mini, one-minute chart that had four tests of the inside track support level, and it should be coming off it right now. So here we are. Look, that's where it starts in the one-minute chart. I'll just tell you where it is. It's at 946 at the low of 37, 78, 25. And what I drawn in is a Chapman inside-track propellant zone, and it's worked. It's gone one, two, three. Beautiful symmetry in time. And this fourth one had three, four clusters right underneath the green line. And now it's taken off and we're having a beautiful leg seat. And I didn't have time. Oh, I wish I had the time. I should have done this. I would have drawn the left side, right side, time price match because all day you'll be shocked if you see this chart. I'll show you when we get back how this arch and cup formation system looks so beautiful. I'll do it. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGZ. VistaGold executing a strategy to create shareholder value. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. 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Nicely on the nine-page moving average needs, I would say by what do we tend to 18 right now, I need by 20, at least by 10-24 to be taxing 37.98 on the e-mini because if it breaks under 37.80, you're going back to that arch formation. So I want to just show you that this pattern has been very consistent. Look at this going backwards. Look at this beautiful cup formation and a beautiful arch formation. Just rotating all the time huge cup formation that was at about seven o'clock from the 38-14 area down to 37.92 and then back up again peak G and then pull back. So this is the pattern. This has been rotating all day now for this to become a cup formation moving below the 37.82.81 area says you're going to have to wait a little while longer. It has to rebuild strength. This might have been a little too soon at 10.20 maybe if it was 10.40 this morning and we suddenly saw this the rally that we witnessed there from 37.70 up to 3.37.95 a little later that would have been I would have preferred that but right now it says it just keeps oh we've got Bill and oh we've got Bill on the line. Bill are you there? Am I correct? Is that today? Bill and San Juan? I was hoping I'd hear from Bill because we were very worried about we were very worried about with San Juan just getting wiped out again and I was thinking of Bill I don't know is this is this current? I have the phone my turn all the way up. Oh I can't Bill oh SPI I think that's what he got let me just check if that's a symbol maybe you can hear me but you can't talk let me just see SPI that would be one of yours at 1.65 it's at 1.65 right now um so uh Bill I I know you're still on the line Al's got you there but he can't hear you so if anything happens just keep talking and say I'm on I'm here and I'll stop talking but I you want to look at SPI and SPI is SPI energy company now my big problem with an energy company that's trading down to 1.72 is the big question that I have how on earth and would an energy company not be really garnering good strength um and holding it it's had good strength before from 1.58 right back in July and screamed up to the 237 level I mean that's a wonderful percentage but then it gave it all back and now it's kind of flat so um I'm just going to guess my my suspicion is that you are long you have some long positions or maybe one position and what I'm looking at here is when the price is flat like this and it keeps coming back to test the lows as long as it doesn't take out that left side low in this case the low of the 7th of July of 1.5 1.58 it says that it's trying to form a key level of support and at some point if it's able to break above the rectangle that it forms for instance this would be a peak A right here right there that is round about the 8th or so of September but this is also a peak A and then it made a lower low but it hasn't taken out the original one now what's interesting is this is an A and that is a B so it's already at a stage B in the I can't really put an up arrow I can just put in a a plus sign to say okay this is your low that you're watching very closely is the 1.58 and it's trading 1.65 I love when price keeps coming back keeps coming back doesn't take out the left side low if it takes out the left side of low you have to restart the whole thing all over again but if it's able at $1.58 it can hold that all the way through to say Monday or Tuesday and at that time I'm not sure why so deeply down to date almost 3% down 0.05 at 1.65 I would have preferred if right now I was looking at a 1.68 or 1.71 I'd say wow that I that's that I like so this is a little tricky most importantly what you want to see especially based on the weekly chart because the weekly chart goes back even further having held the low of 1.51 that was made the week of the 13th of May this year and so really screamed up to the 235 to 240 area so that's once again is forming a base and the base so far has been strict it's it's stuck to the rules and the latest rule is 1.58 support and it's done that even on three days ago when it pulled back it went to 1.58 and 1.58 is the low of the seventh it hasn't taken it out so that's just in key to me if it takes it out you kind of have to start again but I think you're looking at it with a little bit of a fundamental aspect to it so I'm just going to do a period on a technical basis and what I'm going to say is if it closes under 1.50 no if it goes under 1.58 by one penny you have to kind of restart the whole wave count it's nice that it's a leg B if by Friday's a little too soon this thing by Monday it hasn't taken out 1.58 but in fact what it's doing is getting closer to 172 let's just say tomorrow's an inside day there isn't a new recovery high above 176 but on Monday it goes to 178 that's the action you want and that's the action that should go very quickly to the high that was made on the 9th of September at 1.84 so I hope that helps you I just want to look at ADTX I'm doing this by memory I'm sure that's the correct symbol that was your stock that you spoke about the other day and and and then it did a 50 to one or something split to the upside and it's it screamed to the 28.49 level on the 14th and now it's trading at $3.54 so you know these better than I do because you you trade them a lot but just be really careful that the support in other words for your SPI that support isn't taken out because if it goes to the 155 level that's a that's that's really that's a problem because it's taken out all the recent supports but it does say that it's holding above the major low of the 13th week of the 13th of May of 151 so just be real careful but you understand these and you're understanding that it is very speculative but I think you've done your homework if you are in it okay so I hope that helps you I'm sorry we couldn't speak and um that's uh let's just say maybe tomorrow you're able to get through and I'll be able to hear you and I'm just so pleased that you're able to call that you're on the phone because I was very worried about you over the weekend I thought oh yes uh saying once is getting blasted but anyway best of luck to you now a couple of things I want to look at here um questions can come in yes I understand the elite wave for some people is working in this particular environment I'm really pleased about remember I don't dismiss these these I the reason why I had Chapman with notation as peak APB etc was because at the time that I was doing this a lot and more publicly um elite wave was being promulgated by tractor and I just do you want to be mixed with that it's something completely different to elite wave that's it all right I'll be back down down 81 recipes down 21 and we'll get back to eat mini in a moment if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning I publish the gold report with coverage of gold silver bonds the xiu hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today 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swim for more information just click the think or swim banner on the front page of tfnn.com made a high of 146.16 July of 2021 and then had a little bit of a dip down to the 15 14 15 area we're looking at that was the low of 13.84 on the 27th so you're looking at a stock 13 points when I say we're sitting with 34 I think I said and I would say the 13 34 to today's high of 42.41 up 4.74 that's a pretty decent gain laid D after that big rectangle formation very nice move to the upside leg B in the weekly chart but then monthly chart is still wow that is we'll see if you're going to get a green candle in September that actually holds all the way through to the end of the month as a green candle instead of giving it back as a long wick but so far everything seems to be working and then the den has been talking about the both the pros and the cons but also the fact that I believe that there was insider buying well you know what's interesting insider selling can always be for many many reasons but an insider buy it is very seldom that I can recall that insiders the from what I've read that insiders have bought because the stock is just so low they've usually bought because there are other things going on and it's just very attractive for them and they're the that's the insiders and their portfolio to make this not as a perfect timing they don't want a perfect timing because then you get all these regulations coming in they just want it as a nice entry point but this is a little different because we are looking at a stock that was once in the year was an IPO it was obviously in the single digits screams up to 146 and then gives back what almost 90 percent down to the 13 area 90 percent and now is up a fourfold increase almost a fourfold increase this is very impressive and it is a biotech and what we have been looking at for the past couple of months actually is that in the biotech sector if you go to the IBB which is the big this is the big daddy this is a whatever you call big hauncher IBB Nasdaq biotech ETF coming back from the 170s to the to the 100 and five-ish area and then rallying that's that's a big move down so it's not the the big caps that are really doing it it's these little it's the micro caps and this was basically when it was in the 15s was kind of a micro cap so I've been following this very closely we don't have anything right now but periodically I will be looking at what I call the the micro I'm not sure if that's a term that I should really call it I'm just saying that the price in the single digits is a micro price compared to sometimes where they were and that makes it very attractive and a lot of them have been moving very well so now you've got to separate let's go to like an amgen an amgen I was asked about yesterday and I forgot to look at it had a horrible session today it's a very nice session up 2.56 at 227.02 there's that rectangle formation that I talk about which says that you can already have an arch formation going just about two just under or just a little over the previous high in this case it was the peak d high of the 15th the week of the 15th of April of this year 258.45 plummets down to the 220s and then screams back up in a v-shaped pattern to 257.95 257.95 that's like a half a point away and then it gives it back and makes another arch formation of the pattern the gendered h pattern right there and the root of thumb is if it takes out that left side low you've got to be careful because what was once support this horizontal line in the 226 area is now very strong it could become very strong resistance this is a weekly chart so we haven't even got a weekly close underneath that left side low but it does look quite poor and if you're looking at the amgen biopharm if you're looking at the monthly chart it made one dreaded h pattern right there let me just draw it in because it's not technical Friday it's technical Thursday so we've got a little pattern here that's going to the h pattern and then a much bigger one right here which says there's a chance that you're making even larger arch formation so within those parameters I need to look at what happens sometimes in weekly and monthly charts so the weekly chart basically for amgen was sitting in a very nice horizontal trading band now it's underneath it but we've got tomorrow to go another day to go to see whether it closes above the low that was made of 227.32 the week of the 6th of May we're right there right now we're at 226.78 we we kind of testing it and then the monthly well I like to look at time frames so the time frame in the data says sell signal to sell mode the weekly time says now we've got a sell signal and we'll wait for tomorrow but there's a good chance it's going to be upgraded to a sell mode and the monthly chart is still trading within the bigger band the two 270s to the 190s it's been up to the 257 area announced at 226 but the technicals are starting to weaken so this one has to be monitored so there isn't other than to say there's a sell signal in the monthly chart technically I should say there's a sell mode but that big rally kind of negated the mode part of it went over to that gray peak a back in language April maybe yeah April it went to 258.45 so I'm watching this closely so I'm just trying to give you a sense of what's important when we've got a week to go from tomorrow for the end of the month is that right is that the end of the month next week it is oh it is 23 yeah it is so let's go to the S&P because that was a question and the question is how was it put in terms of the Chapman wave I'll just get to the question because it's a it's a pertinent question I don't like to just miss these things that that okay there it is so yes so looking at the looking at the weekly and monthly charts if you can't give targets to the downside or the upside then where does the Chapman wave stand well I'm not the price to remember I'm just following the chart so it's got a peak b the S&P weekly has got a peak b it's arching over the technicals are starting to fail it's suggesting that there is a chance that we're going to test the left side low of 36 36 and if it takes that out not only does it impact the weekly chart that absolutely will impact the monthly chart and I don't care whether there's a peak b or not every every other and this is what this is what I've been talking about for months months since February actually that all the other indices look peak e in the monthly chart of the of the Dow QQQ peak G slash C IWM peak D so all XLK I can just go through one after the other and that's it's very unusual peak D in the XLK the S&P select Tiger spider fund SMH's so that's a very clear peak G in the SMH of 318.69 double top so those are very clear it also says that it is extremely unusual now if I go to the S&P the different S&P the value S&P most of those are at a peak B or C in the monthly chart does that mean that it can fail do you realize that for the S&P to actually fail in the chamois methodology it has to have as as one single move down below 21 91.86 the March low and that's that's a cool parameter so I just keep doing what I'm doing I'll be back 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 and stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time 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offer try it risk-free today with our 30 day money 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 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 funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services llc this program is brought to you by vista gold traded on the nyse american ntsx under the symbol vgz looking at eog resources the question my jack in the den uh what do i think of it well it's in this area well first of all eog resources has gone from under 20 back in 2020 screams up to 140 and then pulls back but it's pulled back pretty reasonably so in this pattern right here in the daily chart it went to a peak d the magnate pullback stochastic pullback but the nine-period moving averages helped beautifully it then it went to a peak e at 120 eighth of the 128 17 on the 19th and i'll show you get 119.63 so my impression here is with many of the resource stocks is that they are in play as a sector the individual stocks are just real choppy at this particular time really taking a breather i'll look at this after this peak dm the huge red candle from that was four months ago so that was in june 144.69 high 103.46 so that's i mean that's huge and then it went even lower under the 14 period moving average now not only is it above the 14 but above the green nine period moving average so it's in play i like it if you're in this as a long-term position i would hate for me to say hey i would take i i'd i'd be careful because if it breaks 112 it can quickly go to 107 this is one of those stocks that could start a rather choppy trading range but every couple of weeks there'll just be enough of response through the through the resources through the demand that it keeps popping back my question at this particular point for myself is what would take it over the high that was made at 128.17 on the 14th of a september so that not only this is a leg a leg b this is a leg c if it doesn't happen the next two days i don't think it's going to it'll happen next week that takes it to leg d underneath the previous doji candle high of the week of the 10th of june at 144.69 so this is a long way to say i now for those of you know my work i would very often grab the outside of this little doji candle right here go across like that and say hey this is almost almost like the oval pattern in the stalk leg formation now it's not good enough for me to say that it is because it's a little too choppy for that but it does have almost like a diamond pattern or an oval pattern and that just says very clearly that if there is a close below 114.00 a close not just going under but a close under 114.06 the lower the 7th of september there's a really good chance that it could go into this digestive mode and maybe touch the 200 period one more time between 110 and 107 so 107.77 is the 200 period moving every support but i've seen patterns like this stay like this for a little while even a little spike to another high this would make it like a leg f and then come back and maybe even take out that so i think eog is in play but if you had to say to me right now would you buy it would you sell it would you hold it would you just step aside i would say to you that it's in a trading band that it might bounce a little bit but the whole idea of 119 at this particular point looks like a magnet that even it pulls back it's going to retest that so i'm i would just wait if you're long but you're long from quite a bit down i would say i wouldn't touch it if you're a little nervous maybe take a tad off but i think it's holding well and i think it's still in play as a resource now i can't remember specifically which resource it is but i i i just like this pattern especially the weekly chart is holding nicely above the nine period moving average uh the magnet is not great but good the stochastic is running at 61 not great but it's okay i think it's in play so i i would like to look at it a week from no i'd like to look at next tuesday because that's going to tell me in the pattern if because if it closes under the low that was made of the 19th of 117.01 there's a really good chance is going to test the doji candle um that 115 114 area and if it closes nicely above yesterday's high it says hey it's working its way high but i'm just saying i don't think it's in that's what i wanted to say i don't think it's in play for the big move either up or down at this particular point whoo sorry took a little bit of a a roundabout way to say okay next thing is so the pattern that i wanted to show you right here this is the e-mini look what happened within the peak c that was made right there on this one minute candle underneath the 200 period moving average it's not close enough to the 200 period moving average for it to become a magnet at 37 95 it pulled back it held a uh for banachi support level and then it used that as a magnet and then what did it do you did it remember the chaff main methodology what are we always looking for we're looking from the lowest most identifiable low bar to count each excessively higher peak a peak b peak c peak d the fourth highest peak is where other things can happen you can go all the way to e f and g but d is your objective a bi-signal to a bi-mode well low in the hole it got to a peak d now it's pulling back and it's trying to create this arch formation right here and what i'd said in the den is that unless the e-mini at any point today can start to trade for 20 minutes about 3808 and it's just kind of stuck in this range for now and that's kind of the way i'm looking at it uh so that's what i wanted to show you so you see this particular pattern where you can get a chaff main bi-signal to bi-mode with underneath the previous high have a look at this yes qualcomm i've got a whole bunch of these that i've been meaning maybe tomorrow i'll do that that i'd be meaning to talk about because yes so many people do use the chaff main methodology um look at this there's a screamer it goes from the hundred and seventeen-ish area back in june and it was peak a pulls back sharply gaps up goes to peak b then it goes to above the children moving average to peak c and then it kind of stalls and stalls and stalls and then it makes a load about 140 and then what does it do it goes peak a peak b peak c peak d and even a peak e all within a very small trading range underneath the previous peak c this is the one that counts and now look what's happened from the hundred and fifties it's down to today's low of 123 so that's exact this is what we were oh i don't know if that's going to be repeated today is that going to be repeated today so yet your peak c in the one minute chart of the e-mini and there's your peak a b c d very quickly and now starting to pull back uh all i can say is that if at any point this afternoon or what doesn't have to be as often at any point from now on if the e-mini starts to trade for 20 minutes under 37 68 that's going to be very poor action i just see enough buying coming in that i think the bias right now is just to kind of lean a little bit to the upside it won't trigger big big moves until uh we're at 10 49 a.m eastern time it won't trigger big moves let's just look at the volatility index the volatility index has been all over the show lately yep there it is it's just gone to a new oh would it be would it be do this it's in a new leg see to the upside it's trading at 27 84 down 15 cents and the market is actually down and yet the uh volatility index is down and it had the same same thing four times hit chaff move inside bar five times hits inside track and then it pull back so that makes it very important to move above 28 33 today's i 28 38 a move above 28 i guess it's 28 no wait something's wrong oh that's today that was yesterday yes a move above 28 38 will suggest very strongly that the market will pull back and it moved below 27 32 there's half might be a little bit of buying done are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with david whites powerful trading newsletter david white is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share win trades support and resistance define the ranges at which stocks trade by understanding these trading ranges david white is able to find the path of least resistance david whites trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to david whites ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30 day money back guarantee take the path of least resistance at 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 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pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors this 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 yeah just to be clear oh I haven't done anything nice DOG resources that is oil and natural gas exploration well we had one which is absolutely fabulous to us that we we didn't take make as much money as we should have which was CF industries hydrogen nitrogen products etc and it's pulled back it's a different pattern I'm not yet ready to get back into this this is different and the other question I just had moments ago was mosaic this is potash phosphates fertilizers the mosaic company mrs is a symbol trading at 52 35 down 15 cents see it looks very much like CF so they all in the differences that EOG was holding a lot better now what we're looking at is that mrs the whole area of the phosphates this is different this is not a great pattern it looks like the 200 period moving average of 51 has to be tested then maybe it starts to build some strength so on this mrs is able to trade clothes on a on a two-day basis about 56 40 it's at 53 28 right now it's just kind of stuck in this range so I just have to say please be careful out there raising cash was very important to us we've got a big cash position if we have any trades we just put them on and it either works immunity or it doesn't I'm just not interested in holding anything that has the potential to pull back more than just a couple of percentage points I don't want to sit here with a 15 to 20 percent loss on something that I believe will go higher no I will not do that so just once again be careful within my opening call my daily newsletter as I say we have some core positions we still have that dba and that dba is a dba agricultural fund see it's pulling back a little bit in a trading band because the grains are holding well but they're not they're not breaking out right now but they're not breaking down so just be very very careful and with that said don't forget you're going to Steve Rose you've got great programs here tier for them all day don't forget if you start off at nine with Tommy O'Brien and these market tickers he does a fabulous job in terrific interviews don't forget to be here at nine o'clock every morning or four o'clock Tommy O'Brien will wrap it up have a great day guys down uh 65 big five it's struggling