 The following is a presentation of TFNN The Traders Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks welcome to the October 4th, the terrific Tuesday edition of today's Traders Edge show I'm your host Steve 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 Yeah, let's make sure we have an extraordinary one and 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 ship Well, it means we can find the gift in every set of circumstance 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 do want to know I'm absolutely grateful for your presence here But more important than that and that's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone You can dial on at 877-927-6648 now if you can't dial in we've got you covered there too You can send me an email send it early and send that to steve at tfnn.com And inside the subject heading if you'd be kind enough to put radio show question Of course inside our tiger's den well any and every ping will do so let's go ahead and get this show started on Terrific tuesday, of course. This is tiger financial news network. I'm steve rhodes Welcome to the show right now get all the usnc's trading to the upside all this s and p 500 sectors trading the upside Now is up 751 s and p's up 105 That's two and a half and 2.9 percent and aztec one is over 3 as is the russell and the semis are over four percent They're up 103 points straight out 24 97 Gold's up 30 bucks nearly two percent silvers up nearly three percent or 60 cents lights be crude up 280 that's three percent natural gas is up over three percent We've got some movers and we've got some shakers the shakers would be kel vista pharmaceuticals off eight bucks or 56 percent That's a stinger as far as other individual stocks. It's mostly ETFs In fact, it's basically all ETFs until I get down to mar a buy life science Which is off three bucks or 12 percent now to the upside booking holdings is the dollar leader up 82 bucks five percent mercato Libre 65 bucks seven percent as a mill holding 32 bucks seven half percent broad comp 20 bucks 4 svb financial is up five percent or 18 buck runes. So we've got plenty to look at of course I want to look at what you want to look at. Let's start by taking a look at the uh Let's look at the daily equity future contracts out here. So we've got the es mini upper left hand side That's where we will start and when we start there what we see Is that right now you've got a buy the d-point pattern that confirmed yesterday with that nice big old bullish and golfing candle bullish structured profile Once you close above the center that says suggests price should make its way up to the top And in essence is doing that that top is up at the 30 806 30807 levels 30806 95 can't trade to that 30807 is the number the high so far today 3803 ticks 0.75 So that's its target we take a look at the nq the nq trading with inside its daily profile It is above the center meaning that's where both buyers and sellers believe there was fair value within the range of 11241 To 118 40 price likely will target the top of its profile as well. That's 118 41 If you take a look at the dow the dow also forming in a nice buy the d-point pattern And it is trading up into now its resistant zone So the zone for the dow is going to be because they bear a structured profile There are buyers and sellers at lurk and we're called 50 50 at that fair value point or the center at the 35 45 level But it's all sellers that reside at 31 256. So that's the sell zone Now the russell 2000 may be giving us a clue about this rally the russell 2000 never busted its june lows Why is that interest rates are going higher The dow the russell 2000 never busted is because it's got so much allocated to Crude energy and to mining out there. I'm not sure. I don't know what the mix is if tom O'brien was on the phone or on the phone on the line or listening in He probably could look that up pretty quickly But I don't know the answer to that all he knows that it did not bust through the june lows It did not take out its td9 count bottom support level It's got by the d-point patterns and right now this very moment at 11 11 in the morning Price is trading above the top of its daily profile now If you take a look at coming off of the high from august 16th out here, let me just expand out Well, I'll expand it out. We're not going to see much out here I'd have to go to my synthetic version of the contract But just simply if we take a look at coming off of the highs here in august This is the first time now that we have price above the top of the daily profile The question is will it in fact close above this level at day zen I do not know the answer the answer there or the core with a level to be watching not the answer is going to be 17 57 Before we go take a look at these charts here, uh, or go dig dig down a little bit further Let's just take a look at the market breadth for the s and p 500. Here's the now I'll start with the nasdaq 100 what you'll see in the upper right hand corner These speed dials are either in the green or the blue zone out there That is tells us we have more instruments trained above the top of their profile for the time frames identified versus trading below That's Bullish or bearish well right now daily to 1460 are bullish if we take a look at the daily time frame specifically 22 instruments is what it's taken for the ndx 100 to get that bullish crossover above the top of the profile versus 11 below If we look at the weekly time frame out here, I believe there's some work to be done that work to be done So this just tells you and I right now that this is still just a counter trend move That doesn't mean it ends right here right now This rally quarter should or may go on through election day out there Covered that during the segment with tom yesterday if we take a look at the Um, you've got 45 instruments trading. I'm sorry. You have 45 instance trading below profile weekly basis And 11 trading above profile. So that's where the uh, um That's where the issues for the nasdaq 100 are the s and p 500 really a similar message Uh bullish for the daily 240 and the uh 60 minute time frame from the daily standpoint. It's not oh boy That's not right It shows 91 above and 91 below and I know that that's not accurate when I take well, I take that back It is we're sitting at the zero percent So talk about being right here right now This is where the s and p 500 and I'm not saying this late 11 13 But certainly today october the fourth this is where if you do get that bullish crossover That means more instruments trading above the top than the bottom right now We're we're even we're 91 above and 91 below so that's helping for us to pay attention on a weekly basis So there's still a lot of damage out there that damage shows the following 43 instruments above the top of profile 294 below the bottom so the task market breadth is suggesting to you and I right now That's still this is just a counter trend move now. Where could that counter trend move take us to If we take a look at the dow, that's where i'm going to go to first The dow Let's just this is the weekly chart that i've got up on our screen out here We just take a look at a rising and a descending price channel If we take a look at the rising descending price channel Where the dow could head to effectively is the top of the descending price channel We are up there back in the january time frame. We were up there back in the february time frame We were up there back in the august time frame Perhaps that's where we're going to be when we get towards the uh, I don't know what when we're going to get up there But it is a very possible outcome out here prices held support The support of if you want to call it that it's both. It's a rising trend line But really more so the descending trend line out there as well as let's just to put up the horizontal trading range boundary lines That'll be up here momentarily. These are going to be the weekly levels out here And so price is likely headed to the 31 5 30 ish area But perhaps above that steve roads with tf at the end we get back from the break here We'll go start taking a look at the questions that have come in booming inflation We are purchasing powers eroded. 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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 and 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 road 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 Toll free at one eight seven seven nine two seven six six four eight internationally at seven two seven eight seven three seven six one eight Folks got all the uscdc straight to the upside. Let's go to our first question. This is coming in from denis Dennis writes in What is your short term view on apple? Thanks, Dennis in west bomb beach Dennis. Thanks for listening. Thanks for the request out there We've got the apple charts up on our screen. You're asking about short term. So from a short term standpoint Wow, this chart is not accurate. What the heck happened there? Hmm So the daily chart, let me see if I read We reload all the historical data if I get this Back to being correct out here Which is going to take a second. So my apology for that What we will do here is uh, steve will go to game plan b Game plan b Says uh, let's go switch over to the black back. Well, there we go. Looks like it's up populating right now Okay, we're gonna stay here gonna stay here be patient steve Okay, so we got apple trading out at 145 50 or so out here. So we're back to so the short term outlook Is that first I'm gonna look at the daily time frames. I don't know what when you say short term You know, which which timeframe it is necessarily, but if we look at the daily chart out here Let's look at the patterns that are in place. So if we take a look at the There's really two different a to b equal cd patterns that are out here for apple Let's see if it's taken if apple has been able to complete the larger pattern So here's our a to b level and i'm just going to move this line Over to the c point and voila the answer is yes It has more than a one-to-one move out there and so yesterday's bull sash candle confirmed a by the d point pattern So we get a confirmation of a buy point such as this one here What we then do is what price should do is then go seek out resistance areas. That's where the battle is at Well, turns out in the case of apple dentist That resistance level will be its daily oscillator and change line apple's only been above that for one trading session Since its highs out there. So that's going to be a key area right now. That's printed 147.04 You got to use that as a guideline that number's going to go up and down as price moves up and down But it's that oscillator and change line area where price will target if apple Can move above that it doesn't show on this chart here just yet But i'll switch over to my other chart the black background chart, which has picked up A early indication of a new profile that is forming in apple So we're going to switch over to that chart. So you already know you've got the 147 and change out there area As a likely upside target if price can overcome that level Then what that's signaling to us here and this is a new bearish structured daily profile that's forming That the next area would be 149 61 now 149 61 was very close to the old bottom of its Profile out there, but you can see the new one that is out here 149 61 And the range would be between 149 61 and 150 302 that is your cell zone out there because it is a bearish structured profile I don't really think there's anything Additional here that I can provide to you. I think in the short term. That's what apples intentions are First to go tackle that oscillator and change line And then next if it can clear that to try the 149 to 153 area out there. So dentists. Thanks writing in early I hope that helps you out and I have a terrific Tuesday out there. Let's uh I'm gonna just turn this off here these charts are taking just a tad of time to To upload and it may be taken away from being able to populate some of my other charts real easily So the next question came in from mr. Bill. Mr. Bill wants to take a look at the tlt So I think we're still on the black background chart So I will just simply throw the tlt up on the screen here for him and everybody else that's watching Because what we're really going to do for mr. Bill is we're going to go take a look at the 30 year treasury And try to find out what it is communicating to you and I so right now mr. Bill from a tlt standpoint Well, we really haven't had here. We haven't had two consecutive days below the bottom of its daily profile It's been below above above below above Today we're kind of testing that area out there. So it's just a sideways chop to the upside The level that I would be watching in the tlt is a close above 104 47 Irrespective of what the treasury bonds show us now we'll come back and take a look at those See what its daily signal is provided to you and I but right now price is dealing with resistance And that is the center of its bullet structured profile And again much more like we took a look at whatever charter was earlier that had a bullet structured profile Maybe was the uh es many. I just can't recall Once you get above that odd's favor that buyer is going to be able to push price up to resistance Which at the tlt would be 107 33 we do not have that message now in the longer term You want to admit to long term So We'll call that the midterm point out there for the tlt 104 47 you get above that You have a further rally intermediate term from a standpoint from a weekly chart price well below the bottom of its profile As is for the longer term chart on the monthly time frame. So let's go switch over for mr. Bill take a look at the 30 year treasury Take a look at small t time frame charts out here monthly chart in the 30 year treasury It actually formed at sub september a td nine count bottom Well, we know it happens with td nine count bottoms Well, take a look at the last monthly td nine count bottom march of 2021 What did price do sought out the oscillator and change line? So very much like dentists and I were taking a look at apple and the oscillator and change line Where price is likely to head to same outcome here don't know whether price will take it out or not But that's what the 30 year treasury believe it or not. Mr. Bill That's the signal coming from it now The opposite signal would be if we get a close below september's low out there It negates that signal and says the 30 year treasury is headed lower the weekly chart this week by friday Not today on tuesday at 11 24 in the morning But the weekly chart could be generating an erosement to indicator bottom if that happens What will it seek out it'll seek out its oscillator and change line You close above that then you get a further counter trend move that would be to the bottom of its weekly profile You have a td nine count bottom on the daily time frame out here, mr Bill and that suggests that price is going to try to seek out the resistance levels of its taz market profiles It's already doing that right now as we speak and if price can close above this 129 area Then it's off to the 131 maybe 132 16 zone out there So you're looking not just for the tlt to move above that 104 47 level You're looking for the 30 year treasury to move above the 129 area the low out there That is on these charts out here That's really a key area of support if those things fail 30 year treasury is set it much lower So mr. Bill, I hope that helps you out with regard to the tlt analysis you were looking for for the mid and I intermediate that term out there ckp writes in and he wants to take a look at the euro So let's go switch over to the euro charts out here If you give me a moment we'll get right there in the euro It's really take a look at the daily right now come back look at the other charts But the daily you've got a nice road's meant to be indicated bottom that formed on september 28th price then on the following day Closed above its asset or change line the euro right now is going to target its most recent high That's the high from september 20th. That's at 1.005 Ckp if price can close above that then it's likely going to go target the 1.02 area That's its td9 count breakdown area Really supports that that's a likely outcome without a weekly chart Even though you don't have a confirmed bottom out here you do have price above its asset or change line So that says further counter trend rally if I look at the monthly time frame chart out here No bottom pattern at all Not at all And so the monthly is saying you know what the euro wants to longer term head lower now I do believe it's going to head higher from here from any because what we have Is the number of td9 count failure patterns 120 minute td9 count failed the 60 minute td9 count failed 240 minute has a nice a to b equal cd the upside that should take us to the 1.004 area I a to b equal cd pattern on the five hour time frame chart as well 1.004 So the euro likely headed to 1.004 And I hope that helps you out with the euro that was for ckp it's 1126 in the morning, but in about Seven minutes a little less than seven minutes the moon is going to be at perigee the perigee lunar phase when it's closest To earth and you're going to want to note the price levels at that point in time See roads with tf and n we'll be right back 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 metals sector as well as the markets that move gold Which is the currency and bond markets news subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning. 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I'll also do a spy and a b equal cd d upside. So we'll try to get all those done. So first first things first daily time frame PC ty is taken on resistance. That's the top of its daily profile hector and pattern. That's a 252 44 We're trading 253 a close above that 252 44 level price will go target is td9 count breakdown areas That's at 260 8 and 260 283. So that's where your battlegrounds are Osset or in changeline you're above that that's a 250 81 you're above the weekly asset or in changeline out there Your inside is bullish structured profile price can get above close above that center level That's a 254 36 you could see them move up to 276 88 the monthly chart out here is bullish price above the top of its Profile it is above its green asset or in changeline. So that's a bullish signal Charts look bullish on the weekly time frame. They certainly look bullish on the daily time frame. It's more of a sideways consolidation But the next moves inside of pc ty should be to the upside with one exception There could be a short-term pullback and if we take a look at the 30 minute time frame chart out here What we have is a td9 count bottom or top that formed at 11 30 this morning So if price is going to move higher hector and patty you need to see it closed You'd like to see it closed. So about 253 84 the top of that td9 count otherwise price should pull back Now that pullback could take us all the way back in the 248 and change the area out there So kind of watch that but otherwise everything looks very good. I just think you're Yeah, right in time for a short-term pullback out there. So that was pc ty. I hope that helps you out um, I'm just going to put up the charts here for Rachel cfl t is what she was looking for But we've got uh, just about 50 seconds before 11 33 rings That's uh, the perigee loner phase and so I want to take a look at that. So we'll see if this chart here populate quickly I know I typed it in. I don't know why it's taken so long But it is and uh, there we go. So we got cfl t So just initially here rachel and I think we'll come back to it is you've got a I don't know what kind of bottom you have out here in the daily time frame Uh, maybe it was a buy the d-point but geez that wasn't even confirmed until today with this gap to the upside Here's what I can share with you about uh, about uh cfl t. It's headed for 27 93 It's straight about the top of its daily profile This was a bare structured profile as long as you close about 25 77 27 93 is next on the list the next resistance area above 27 93 is going to be its weekly td 9 count top that high is 34 39 Your price can close above that that would be a very bullish outcome for you So that's what I see when I take a look at cfl t now Just like we did with the prior instrument for hector and patty the 30 minute time frame shows a td 9 count top So this suggests you should anticipate that cfl t will pull back to the 2609 area That is its green oscillator unchanged line. So I hope that helps y'all rachel. Thanks so much for writing in much appreciated So now let's go switch over it is 11 33. Let's go switch over and let's go take a look at our perigee charts We're going to go ahead and mark I would suggest that you do this too, especially if you are a short-term trader out there And that's just simply to mark the actual let me do this here Let me pull this back just a tad is to mark the exact price when 11 33 Happened well, I've got a 30 minute chart out here. I've got to change this to the daily time frame I mean to the one minute chart So I'm going to change this to the one minute chart I'm just simply going to mark where the 11 33 open was That was right here. Here's the open for 11 33 for the es mini For perigee. Okay. I'll just put up the 30 minute chart back up on my screen. We're going to do the same thing out here for Why is that taking so long? Now that is weird. Okay. It is what it is now. This is going to be an important pivot point For you to continue to watch and monitor out there. The price remains below perigee 37 97 50 That's what you want to write down on your pad of paper out there That's going to suggest a one. You could have a short-term top Two You would be expecting price to pull back and then we want to go take a look at where support levels are Patterns and so forth inside the nq out here going to get them to switch this to the one minute time frame We're going to identify where perigee is here. I'll give that level to you. You want to mark that Level that is going to be At 116 49 25 now price trades above that that tells you that the uh, can that the rally should continue If price is trading below that that's as expected anticipate some kind of retracement You look for some type of pattern. Maybe it's an a to b equal cd Maybe it's like this one minute three drive to a bottom pattern That is out here inside the nq. I think each of you kind of see that that's kind of interesting No bullish reversal. Well, it could be a piercing candle I have to go back and take a look at it closer But i'm not going to do that. It's sorry if i'm blabbering out here But this blabbering is really meant for you each of you out here So now we're going to go ahead and do the same thing for goldilocks and gold It's perigee lunar pivot point 1133 again That was 1134 that was right here that level is going to be 17 36 50 Put this back to a 30 minute time frame as long as price remains above that Uh, it is a bullish outcome or should be a bullish outcome for goldilocks finally Let's do this here for lights weed crew. Let's get this back to the one minute time frame You'll see the old apogee pivot point and then i'll explain to you why i'm doing this Why this is important or why i believe it's important to each of us out here So with regard to lights weed crude that pivot point area to watch is going to be 86 64 So many years ago as i began my trading venture and i started from scratch the very first Trading class of course that i took Was with no technical knowledge and it was a master trader course that tom obrien was holding over weekend It was from that point in time where he sucked me into this technical analysis stuff. I used to be A fundamental trader why because i'm a cpa i'm a cut paste and assemble guy i can understand balance sheets and cash flow and uh Income statements and that whole nine yards, but it didn't tell me what shareholders were doing So that's why i got into technical analysis well along that journey part of that journey Was uh, um helped out by larry pesevento. We all know larry loves the I loves the uh lunar and the stars and so forth. So I uh went ahead and I took the digit I went ahead and digitize the new american ephemeral out there and i got i think it was Three or five hundred years worth of data. I figured that was plenty of data for me to be able to take a look at Of course most of that data is going to be forward Um, no, but actually it went back several hundred years out there And what I did was I took each of the different Lunar cycles uh, each of the different celestial cycles You know and I tried to find consistency and I could not find it does not mean that it wasn't there We've got a number of guys here with this itf and end there that have found some uses for tim boss Is one, uh, I forget the other guy over in uh Um, so he's over in napels norm norm winsky out there. So they found some tools. I could not locate it However And that's how the roadsman dominicator tool came about because I was searching for Uh, we're searching for some type of uh Some type of a competitive advantage You utilizing those uh utilizing those celestial lunar Uh type concepts out there Well what I came and that's and I and that's where I found that roadsman dominicator Uh top and bottom pattern Turns out I found one That was really that worked really well worked really well for me and that's called apogee and perigee apogee is when the Moon is furthest from earth Perigee is when the moon is closest earth that took place 1133 this morning If you can see the moon during this next couple weeks That's where the uh, so the moon will start moving away from earth or earth for moon or however if that works out But right now what I found is that if you Identified now all my work was done on the es mini We've got a trader inside the den all of you know him as a z He did further work on other instruments out there found that it worked for gold found that it worked for light sweet fruit out there Really a short-term signal, but if price is below perigee It's telling you to be short so to speak short term the prices above it. It's telling you to be long Note those on your charts out there. They should assist you in your trading and intensity Steve roads with tf and f you're 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 Technology around us is changing every day with so much happening. It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn 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 chau or chad Directions daily csi 300 china a share bull and bear etf's 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 eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services lc This program is brought to you by vista gold Traded on the ny s the american and tsx under the symbol vgz So we've got the chart here for pc ty back up on our screen That's because hector had two questions The one was to uh his question is this is an a to b equal cd to the upside for the daily time frame out here? Well the swing point if we would use that Hector would be the i think what you're looking at out here would be the trading day of september 28th Volume there 454 000 shares you've done 172 so far the high out there is 253 26 And yes if we take a look at that very small a to b i'm not sure which one you're looking at But i'm just going to type this one in here first it would look like this And uh that's a 0.73 percent So it gives you a price target of 258 264 To the upside out there But first it's got to take out that swing point at 253 26 you prefer to see it done with volume No idea whether it's going to have that as we speak as far as any larger a to b equal cd patterns the upside Nothing here that i would draw in as we speak right now that was for pc ty you also had that question about the spy So let me go over to The xc tf's out here So we take a look at the spy and here's where utilizing the equity futures in my opinion is better for us than it is Using the spy the diamonds accused the i w m is because they have totally different profiles out there So right now you'll see the spy is above the top of its daily profile That's in the upper left hand side Whereas we know the es many is going to go target the top of its profile It is not trading above it just yet But with regard to the spy there is no a to b or cd pattern that i can type in here To the upside there's no pattern What we need to see in order for that to happen is some type of retracement at some point in time out here So um with regard to the spies it's got the a to b equal cd to the downside That was confirmed yesterday where the bullish reversal candle And that could lead to if we if we weren't if we didn't have profile levels meaning You know we were trading with our hands tied behind our back because those profiles tell us where buyers and sellers reside Then if we were just take a look at this pattern here without profiles What we'd be looking at is retracement areas because this in essence is a buy the d-point pattern And if we take a look at going from the a to the d-point out there The first area the first price target to the upside for the spy would take it to the 385 ish area That's the point 382 retracement a price to get above that the elevators continues to move higher Then we'd be looking and move up into the point 618 retracement area and that is at the 403 25 area So hector, I hope that helped answered all the questions that you had Inside your email and you have a terrific taco tuesday as well Although i don't think that's on steve's diet program today. We do have another request is coming in from charles I love that my daughter is going to be as do with a uh her first out there Got uh five grandchildren. This will be number six and uh doing a couple of weeks out there and the name she's chosen Is charles out there. So, uh charles nice to uh nice to see you By email out here. He says hi steve c m re Is in the shipping sector. So i'm gonna get that fired up on my white charts We'll do the same thing here on the black background charts. We'll whoops. That's not it We'll further read the question out here c m re And it says i'm long at 899 a day or two ago Uh c me and the ship just says hello. Thank you Okay, uh, and he's from uh frammingham, massachusetts So as we take a look at c m re that is costa mar ink out here, uh, she's trading out at The white background chart's not updated. I can tell you that it's trading out at 951 Maybe what chart am I showing the black? Okay, you guys see the black background charts So right now charles price is trading above the top of its profile out there What this chart doesn't show it shows you the hammer candle what this doesn't show is uh the uh td9 count pattern Um area this has a valid td9 count bottom And that that td9 count valid threshold support level says perigee. My apology doesn't matter 888 As long as price trades above that being long as good, you're in at about 899 you're at 952 Um prices trading you'd love to see it close above that nine 948 area the top of its daily profile today If you do that then it's suggesting that price may want to make a run for the 1076 level and i'll show you where that comes from in a moment the weekly time frame chart out here You know if we take a look at the uh a to b equals cd pattern the first one There's more than one, but here's the first one This is the primary a to b equals cd pattern the b point being the may low out here and the high being the may i may high may 30th So what this has done is this has achieved just a little bit more than the one to one a to b equal cd You can see that this candle currently it's only tuesday It's only level 47, but so far it has engulfed the entire candle Remember the body the candle is the essence of price. That's what we're really looking at here If in fact price is able to close above 934 on friday what you will have charles is a confirmed by the d-point pattern on a weekly time frame That would then suggest price running up to resistance Which right now is the bottom of that weekly profile 1071 remember i also gave you 1076 out there So it's a 1071 1076 area that this is suggesting that it wants to make that move no on a monthly time frame No bottom pattern whatsoever Out here, so we're really going to be making or you're going to be making your trading decisions based upon the daily and the weekly Let's go switch over to the uh white background charts out there We can take a look at steve's other tools and signals out here and what we will see one You'll see that td nike out bottom Out here, so that's a beautiful thing You'll see price above its red ocular change line It is above that top of that daily profile and where that 1076 level came in from charles Is that's the td nike out breakdown resistance area? So that is a target here. You can see the weekly time frame. You see that bolster golfing candle We can also see that there is a potential resistance zone at around 1046 now that number is going to change That's the weekly oscillator and change line. So should a further rally Continue out here that number will go up and i'll assume it will be somewhere around that 1071 bottom of the weekly profile As you look at the monthly time frame, you see that there is no bottom signal there So charles, thanks so much for writing in i hope that helps you out with regard to ticker symbol c m re And we'll look forward to hearing from you again soon So no other requests at this stage here Let's go take a look at the goldilocks the gdx get a feel for what's going on there and silver Let's do a trifect out here So up at the top, you got the daily time frame charts for gold silver and a gdx down below on the monthly time frame You got the weekly charts for gold silver the gdx. Let's focus first on the daily time frame The daily time frame tells us what price is trained about the top of its daily profile Where do you think that price is headed to? Where's the resistance level and you're absolutely right that's at 17 42 90 That's a teeny nine count breakdown area now the real question for goldilocks if this is a real breakout What do you think we're going to see come friday? We will see a close above the oscillator and changeline price right now is trading above it The oscillator and changeline number right now is at 17 22 What you and i don't know is will price close above it if price does not close above it Then i feel real stupid to say that that gold has made a significant bottom If price does close above it well, you've got the a to b equal cd to the downside that was confirmed It's a confirmed by the d-point. You had that a bullish piercing candle But all that entitles price to do is go take on resistance now If price can close above that oscillator and changeline on friday Then its next areas of resistance are 17 57 50 and 17 98 If we take a look at silver the daily time frame out here We could see that price is taken on resistance 20 102 titty nine count breakdown area pricing clear that 21 85 would be the next resistance level On a weekly time frame. There's an a to b equal cd to the upside out here But that needs a bearish reversal candle There's nothing bearish about the weekly chart other prices getting back to its prior highs in the 2102 level 2102 is also that Daily titty nine count breakdown area. So where does price close coming into the session today? Now the gdx is influenced significantly by gold and silver If gold is in breakout mode, then so too is the gdx and on a weekly basis right now It has a nice confirmed roadsman to mitigate her bottom and price right now is above that oscillator change line That suggests you want to make 2666 seabroads with tf and n great Vista gold owns and operates the largest undeveloped gold project in australia the mount tod gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained civc capital market assistance in evaluating alternatives and in completing an accretive transaction Vista gold trades on the nyse american and tsx under the ticker symbol v gz Vista gold executing a strategy to create shareholder value 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 tf and n dot 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 tf n n dot 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 tf n n dot 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 tf n n dot com educating investors Tf n n has launched the tiger's den hosted at discord tf n n has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and Tigris' for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tf n n dot com Looking back at folks a big rally obviously the last couple of days out there Um, if we take a look at the it has been very very strong market breath. This is the new york stock exchange Uh, the center line there the advanced decline oscillator is really telling us about the market breath out here It's gone from the extreme oversold condition which was down at the minus 331 level with regard to that reading and that what this is the advanced decline oscillator is taking a look at the advanced decline line And then it's got looking at the 39 and 19 period exponential moving average to calculate that oscillator That's what this is and what we can see now is prices above zero now when you get above zero You have to be above zero for two days to suggest that the buyers and now the ones that are in control But what we can see here is that price is approaching the extreme the over Bought area at the plus 150. We're not there right yet. We won't get there today. I don't think that we would get there I don't think it's a mathematically possible 99 But what I do need to take a look at and I'll do this date I'll try to do this calculation tonight Or in the morning to have this for you is I want to take a look at the swig breath indicator out here Um, because uh, when you see market breath like this this could be given as a This will give us another piece of the clue as to what the markets intent are So we'll have to come back to that tomorrow But in the meantime in the last minute that we have out here If we go take a look what's going on inside the nq just to get a feel for the play-by-play out here If we take a look at a 10-minute chart, you've got a nice rogement indicator top out here Price right now is dealing with the bottom of its daily profile A close below that profile level at the 11 634 area is going to suggest a further retracement that retracement I would then say would take us to 11 6 0 5 11 6 0 5 is the bottom of the 15-minute chart you get below that and you get below the uh, green Aster and change then for the 30-minute time frame that's which is out at 11 6 30 right now that's going to suggest a further retracement So watch 11 6 0 4 if you get below that we're probably looking at a pull back to the 11 5 39 area you've got a td9 count top on the 60-minute time frame For the nq so that's a gesture retracement back to the 11 5 5 69 area So it does look like we've got a short term pullback at least that is going to take place here over the next Maybe hour or so. Maybe it's just going to wait for LP to do his show Folks great to be with you on terrific Tuesday. Have a great day. I'll look forward to seeing you on wonderful Wednesday Be safe out there. Take care