 Well, I'm Amis the Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks Steve has an outstanding show here every trading day one to two East and Santa time also great newsletter Mastering probability now it's very easy to get Steve's newsletter You can move it out website of TFNN hit newsletters You can see master of probability right on the right-hand side. You just hit subscribe You get master of probability for one month for $149 You get a six months for 695 which is a savings of $199 or 22% and you get it for one year for 1195 which is a savings of $593 or 33% now They all come with a 30-day money back guarantee folks So you can check it out Steve's got a lot of archives on there really gets to understand How he looks at the market each and every day. So check it out right here right now Steve Rhodes. What's going on? Well, I'm hoping that That we're gonna see something we haven't seen for 39 years and that's a three-peat With regard to the with regard to the Tampa Bay Lightning out there So the last time that there were three straight Stanley Cup wins out there actually came from a team that probably nobody I know I would not have been able to guess this, but it was a New York Island island Yeah, you know, you know what is that they said at the other night when I was watching when you were watching the same thing Exactly the other two times to make Canadian teams. Yeah twice by the by the Maple Leafs and twice by the Montreal Canadian So, yeah, let's see, you know, we'll see it. We'll see if they can do it They they you know, it's wild so check this out So the the the coach at that time was John Cunniff John comes up from South Boston every day Listen to this man. This is so sick. They lived down the street from me him and Teddy Okay, I would get down there and that's where the Greyhound bus was so it was all cement And we would shoot pox every single day. He's about he's about ten years older than me at least he played from BC But is that crazy? That's yeah, I know Pretty pretty heavy, you know a lot of excitement in Tampa's gotta be a big time Dude, can you believe folks if you saw this game, right? Steven Stamco's man Especially the shot he was so far away man That's what that's when I mean if you saw this shot folks He was so far the goal. He wasn't ready for it man because it's like he was ten feet away from the blue line He just fired it and it was awesome man. I know yeah, but it's still coming at 95 miles an hour So it is Yeah, yeah, let's go in the market. So we began 2022 Taking a look at all of the TD nine count topping signals that were present in the markets. Yep I remember this well, man Yeah, and and so folks and it's it's one of the tools that I teach so if you don't know the pattern You really should learn it. You can sign up for mastering probabilities. You can do for 20 and eight days It doesn't cost you anything. Yeah, but if you're a technical trader You really want to understand this pattern out here gave us a big warning sign And now what we have is at least right now as a 321 in the afternoon We've got the NDX the Russell 2000 to some eyes in the NASDAQ composite all trading below last year's lows Which is a real bearish signal out there So what I thought that we could do, you know, we gotta do Steve I don't mean to interrupt it I'm gonna find that clip that when I was interviewing you because I remember that so well because I says yeah, because yeah We're gonna find that clip. I'll find it this week. Sure. Yeah, that's great Yeah, because because there was nobody thinking that that was even a possibility. No, totally totally just I mean everybody was Celebrating right cuz you had put together that and exactly what you just said now if it breaks this is gonna be a monster problem, right? Yeah, exactly and so and now more likely than not, you know, just we're looking at big picture here So more likely than not we don't see a major bottom come in until 2023 and how I get to that is this is a monthly chart It's easier just to show this on a monthly chart. Yeah, but this is a monthly chart of a bull market This is going back. This is the Dow and this has taken us back into the March 2009 Well, we see here with the exception of one time since that time period of March of 2009 Every correction has been two to three bars Then that's what's really labeled on the screen where the arrows are at There was one period of time that was back in the 2015 or 2010 11 flash crafts I believe that we saw five monthly bars to downside. So this is typically what we would see out here I still believe we're in a longer term much longer term bull market And if that's the case then we should see basically a two-bar reversal That would suggest that we would see some kind of bottom take place in in 2023 But we'll we'll get there when we get there will will hopefully we'll know it or at least be able to see it from a technical standpoint So yes, this this is what sets us up into I'm not saying we're not gonna have bounces and significant bounces along the way We very likely will but really expecting the next major bottom to come in in 2023 So let's spend a little time and you had started doing this as we were coming in to the segment Taking a look at price targets to the downside now you were using a to b equal cd Projections so that's one tool that we have another tool that we have in just sticking with the TD 9 count pattern is that the TD 9 count pattern Helps us to identify an objective level where price is broken out from and when you break through a breakout Area says you go to the next breakout level well in the case of the and these are all monthly time frames So on a bigger picture here the Dow's larger picture says maybe 24 843 And so when we think about possibly going out into 2023 before there's a major bottom That's a real price target The s&p its next price target on the way down is 37 23 if in june we see a close below that level That's thinking a signal move to the 2965 area So each of these red horizontal lines on this chart represent the breakout levels where price would move to But if we take a look at the end of x100 it's trading below that level already that that should have really been the buy The dip area So this is really telling us of significant problems that we've got inside the market and technically Talking about getting down to the 74 23 level the semis which are also trading below their monthly breakout area suggests 1625 could be a target and an Aztec composite 85 37 now the cool thing is that we go from larger time frames like monthly We can go take a look at the weekly the weeklies also have breakout levels So before those monthly areas come into play tom We need to see some of these weekly levels break and And most people they can come back watch the archive if they're just listening They'll see these levels on on tiger tv the dow the area that we're looking at is 30,014 As its next weekly level if we see a close below that that's going to signal lower price The s&p the area to watch is 32 79 now these are weekly time frames The ndx 100 is 10 9 57 the russles at 15 5 40 out there and i've got the others as semis and trainings and so forth Down on the bottom now from a short term. So that's a bigger picture folks What i also like to do is give you kind of a short term picture So like what's happening today and the shorter term message of the market says that we should expect and anticipate a bounce to form Perhaps over the corp perhaps just within the next 24 hours, but certainly over the next couple days and tom how We achieve that Conclusion is because the new york stock exchange advanced decline oscillator That's the difference between the 19 and 39 period exponential moving average of the advanced decline line It has already attained the significant Oversold level which is down at minus 250. It's the second panel that's in my chart out here And folks i take you back to the 2007 2009 bear market We had many instances of these if you take a look at the green arrows out there Every time the market gets or this this oscillator gets down into the minus 250 area Doesn't happen necessarily that day sometimes it does but usually sometimes it could take a couple days tom It happened back then it's going to happen now too in these bear markets So we should expect and anticipate a bounce what i would tell folks to watch overnight Is the two-hour time frame charge for the equity futures I've got something called the nostilator and change line a price closes above that that tells us that we've got a Rally that's underway out there. So that's what i see longer picture in shorter term Yeah, i love it man. I don't find that archive man for sure That'd be great because that we were at big highs then man. That was that was a term. We were still at highs man And that's a cool thing about the pattern. Yes. So it's just it's a nice it's a nice pattern And everybody should you know about it and use it come right over folks The newsletters you'll see it on the right hand side master of probability hit that button Steve have a great one. Stay fun. We look forward to tomorrow. Thanks. You want to take