 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good afternoon folks. This is Steve. Oh wait. This is the Sorry about that folks. I was doing the update. I am not I'm actually doing the live show So welcome to the December 9th the terrific Thursday edition of today's Trader's Edge show I'm your host TV perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past Hope we're going up there is having a great day Hey, let's make sure we have an extraordinary one and the easiest way to do that It's always remember that life is happening for us not to us That's right when you and me when you and I make that one little two-by-four shift Well, it means we can find the gift in every set of circumstances that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears with those buyers and sellers are Communicating to you and I at just past eight o'clock in the morning. That's right If you listen at the normal time same time frame slot, thanks so much for doing so We'll make this show as pertinent as we can for you today But if you are listening live, well, you know what that means We would love to hear from you so you can give us called 877-927-6648 If you can't give us call but you are listening live between eight nine You can always send me an email send it to Steve at tfnn.com and inside the subject heading Please put radio show question and in our Tigers den well any and every ping will do So let's go ahead and get this show started on terrific Thursday. Of course. This is tiger financial news network I'm Steve Rhodes. Welcome to less show right now. We've got US indices out futures That is a trading lower the Dow futures down by 115 the NASDAQ off 53 This ES is off 14 the Russell's down 13 so 6 tenths were sent to the downside for the Russell That's the leader spot ball to Nick's is poking its head back above its 50-day exponential moving there But that's something you're gonna want to watch come day's end over in Asia last night a bit of a mixed bag the hang saying and the Shanghai We're up about 1% a little over 1% in the case of the hang saying the DK was down a half percent 135 All three of those still want to move higher over in Germany right now. You've got the Dax down 37 in the UK It's off 27 points gold is back 10 bucks trade out at 1775 Silver's off 45 cents That's a 2% move to the downside trade out at 21 97 You've got the 30 year Treasury. She's up 13 ticks trade at 160 107 and the US dollar trade out at 96 13 Let's go take a look at our nine panel market update Try to usually do that for the market update But just to give us a quick overview as to where we're at for some of the more important instruments up in the upper left Hang corner you got the ES mini up in the upper right hand corner You got the NQ so we know about these two equity future contract and I can report that it's the same for the other two Each of them are up towards resistance the top of those daily profiles So the case of the ES mini, you know, this is like it's uh, it's like, uh, you know second in goal We're up against the goal line now the goal line stands for the ES mini is got 47 17 to 47 40 so that's a 23 point spread there at the top of the weekly profile That's resistance that's at 47 40 at the top of the dailies at 47 17 So the question is price has made its way all the way back to the top Will price now move lower? Well, if the spot volatility, which yesterday closed below its 50 day exponential moving average again the 50 day right now It's printing out at 2032 that might change by if any or two during the day might be a little bit different at 110 in the afternoon, but a price is trading below it So if we get two consecutive closes below that key level, that's the 50 day Then that's going to suggest that the spot volatility should make its way down to the lower bolinger band in the 1518 level What happens if price closes above 2032 today and right now we're trading at uh, 2051 then that says that yesterday's break was a false breakdown And that would then signal more likely than not that the es mini would pull back Now the first key level of support for the es mini you can't see it on this chart is 46 67 The second key level will be 46 49 That's a center of that structure and then below that if you did see a close below 46 49 Especially combined with the spot volatility above the 50 day that would be signaling to move back to either the 4504 Or 45 37 level So the spot volatility is going to be one of those charts you want to watch today The nq right now what you can't see is price is testing its key level of support That's it's oscillator and chains that will switch over to those charts momentarily the us dollar index It just simply is consolidating in between its profiles gold here. You can see so gold's resistance level pretty clear It's the center of its bullish structure weekly profile and that's at 1788 20 if we get a close above 1788 20 Well, one we would get a move up to 1802 More likely we would get a move into that descending trend line in the 1860-ish type area out there silver right now Is testing the bottom of its bullish structured weekly profile? So we should find support right about here the low so far is 21 84 the bottom of that profile the weekly profile is 21 82 We'll take a look at the intraday charts See if there's any kind of signals there Lights we crude has found resistance very much like the es and the nq and the dow in the russell 2000 At the top of their daily profile. So maybe these are in sync here The resistance level for lights we crude is up at 72 51. She's trading right now at 71 52 Natural gas looks hopeless at least at this stage of the game. Although I will say I see Three slightly higher lows, but what this needs is a bullish reversal candle to confirm a buy the d-point We are not there yet If we take a look at the 30 year treasury The fact ruby is asking about the 30 year treasury ruby that's on your right hand side So what we know is there's an a to b equal cd to the upside that completed But what we didn't get is a bearish reversal candle. So for me, it is not a completed Sell the d-point pattern out there Nonetheless price yesterday closed below the center of a new bearish structured profile that should have held its support Price right now is bouncing up to that level That's at 160 227 If price does not close above 160 227 We're likely going to see that 30 year treasury make its way down to the bottom of the profile and that's at 160 102 It could if it closed below that ruby Then we'd be looking at a move back to about the 159 12 area out there So what's really key for the 30 year treasury? And again, it's so we have several markets that are kind of like looking over the edge so to speak Are they going to jump is the es the nq the dow the russell going to take out resistance the top of their profiles out there Well, we really have a similar kind of situation with the 30 year treasury In that it closed below that bearish structured profile if price remains below the center of that that's at the 160 314 level That improves the odds that price likely heads down into that 160 102 area at least that would be its first target So it would be I hope that helps you out with regard to the 30 year treasury out there and everybody else With regard to the general markets now, we're going to go switch off at this set of charts here We're going to go take a look at our daily my daily white background equity future panel So here what you'll be looking at Is in the es we know that everything well, we don't know that everything now you can take a look at the Bottom charts the ym and the russell 2000 So both of them made their way up to the top of their profiles resistance That's where the sellers are and now what's unfolding here. This is really the key area The first key levels of support will be those oscillator and change line Now they differ in all four of these when I say differ with regard to distance as to where price is at now In where those lines are so for example the upper right hand corner the nq you can see that price is testing that level So the nq and the russell 2000 the bottom right both of those are testing key levels of support as we speak If price closes below those areas that would suggest to us a further retracement the case of the russell 2000 It would be given a fairly clear signal that its intent is to move back to 21 seven Folks will come back and we'll finish off these charts and start taking a look at some instruments that have been requested What's separating you from the most successful men and women on wall street? 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That's 727 329 83 22 call us today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com And tfnn's youtube channel with tiger tv live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader And gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. So 817 in the morning at 817 as we take look at the four equity future contracts We can see the nq is testing support as is the russell 2000 those are the oscillator and change lines So those are levels that have to fail initially in order to suggest that we see movement lower And of course we need to take a look at the interday charts to see what their signals are now The dollar equity future contract, which has been the big mover and shaker over the last week or so It's the one that says that price should pull back And it's oscillator and change line change colors yesterday when that line changes colors Then what we typically see is price in that line catch up to each other Now it would be the test of that line if there's a test of rejection that becomes bullish Now what that would mean is if price hasn't already gotten up to 36105 That's its td9 count breakdown level if there's a rejection of that oscillator and change line in the dow That's where price would target now granted. It's got resistance at the 35 900 area the top of its daily profile So we know where their sellers reside between 35 900 and 36105 The ESMini is the strongest of the For right now the ESMini doesn't have that message Price is above its oscillator and change line at 4667 That's the key level of support that you'll want to watch throughout the day and certainly at 119 Dependent where price is trading relation to that to that that'll be providing you with a ton of information out there So let's do this here. We've got a number of requests that have come in So I want to begin getting to those so that uh Don't run out of time now. There's a few that came in from yesterday. I believe there were two from yesterday So give me a moment here if you would I need to just switch to panels And so I don't recall who asked for what but there was a question yesterday to take a look at xbi So let's pull up the xbi chart. This xbi is uh, what that is the uh, biotech I believe For but let me just make sure here for the uh, s and p xbi If I am not mistaken, but I could easily be mistaken that is yeah, that's s and p for the uh for the biotech So here's we take a look at this what we can see here is that this has a confirmed by the d-point That was confirmed with this gap to the upside That was from a couple of days ago on december the 7th price is trading with inside a bearish structured profile So what you're looking for here your resistance level where the sellers reside is at 1781 your price can take out 1781 price Likesly go likesly likely goes and heads up to 123 17 both the bottom and center of its weekly profile So it's nice that the daily confirmed to bottom while on the monthly chart that you're a right hand panel Price was pulling back to test support 100806 as I pull over xbi on the white background charts There are any additional information to help us This was also a td9 count bottom if price can clear the resistance level of that daily profile Then we're looking to move up to about 128 21. That's a td9 count breakdown area A close above that would suggest a change in trend is underway. So that's what I see when I take a look at xbi I hope that helps you out. Thanks much for waiting the day. There was also requested take a look at the arqq Again, I don't recall what the request was for top of bottom. What's it doing? But here's what we do know prices below support on the daily time frame That was its bullish structured profile boy the next level of profile support because this instrument hasn't been around long that long Is at 1470 and that is the bottom of the weekly profile So we're not going to stop there because we know there's other levels of support. How do we know that? Well, we know that now we take a look at the daily chart because we can see where price broke out from So this forms a top a road's middendicator top and now with price below those daily profile levels arqq is likely targeting 20 0.02 That's the message from the daily time frame The weekly time frame chart does not have a message like that There's not enough data for us to really go in there and do much further work. So What should you do? What you would do is right now the signal is that this should pull back to 20.02 If we get some other information and so be it I ask prices approaching that level should it approach that level then go down the short term time frame charts 30 minutes 65 130 195 look for bottoming signals if you see those then you've got the signal to go ahead and fire away That's what we see when we take a look at the arqqt quantum ink Etf out there the next request coming in the I believe that was this morning and that was to take a look at IBM So again, I don't recall what the request was because the I must get and I'm not getting you thousands each day Of email. So that's why I ask when you do right in to put radio show question Then it's easier for me to go right to it but with regard to IBM Yesterday was bar number eight of a TD nine count and that bar number eight It was right at the TD nine count breakdown resistance. So IBM Is suggesting the potential for a short term top that either has formed or will formed in the next two trading sessions So today is Thursday. So by Monday We may be looking at a short term top or some type of top inside of IBM If I take a quick peek and see what IBM is doing in the pre market out here Give me a moment. Let's just get over to this chart With a by bm. See where it's trading at Last trade. Well, you actually have to type in the correct symbol. Stevo. Let's try that one more time. There we go IBM trade out at 122 70 So it is trading just slightly lower now in order this has to form bar number nine today It looks like it will easily be able it looks like it'll be able to do that in order to do that It needs to close about price must close above 1884 So IBM on the daily base says hey be careful You may have a short term top that has or may form on a further move higher out here What IBM would need to overcome is 124 36. That's its red oscillator and change line your price can overcome that It's got resistance at 126 50 and above that it's back on its merry way to the upside But right now the daily chart says just be careful out there with regard to IBM The last the next request coming in was to take a look at what was it to take a look at? Oh, I don't think I oh those are the new ones. Those are the fresh emails that I've got So give me a moment to go back to those this one coming it This one coming in from Michael W. Mike in Harrisburg, Virginia Oh, Mike wanted to take a look at IBM. Perfect. Okay. So Mike, we've got that I you know what to look for there. So thanks so much for the request I guess that came in last night. This one is coming in from Oh boy, this is a long question. This is coming in from I'm not sure who MD, but this is a long question out here So I'm going to come back and read this during the break. Although you're looking at ticker symbol. Yeah, I think that's what I'm going to do Because that is a long email. So I don't want to read that on the air necessarily So let's go to Hector and the fuel injectors Hector wants to take a look at the one happy thirsty Thursday back at you refuting this I mean When I got the socks equals brick. Okay, so Please work an A to B equal CD up on the weekly chart on the SMH for the sock So let's go take a look at the SMH everybody can pull up that ETF on their charts out here. So the SMH As we take a look at it The A to B equals CD pattern The one that you know really sticks out longer term is the weekly and on the weekly chart out here Why can't I get my we go back up in here? Oh weird Must be the wow even a deleted here. Okay. That's interesting So let's go ahead and draw in the HB equals CD Hector No idea the NSA is growing around with my computer the A point out here is March 16th of 2020 The B point very clear what we see price makes a change in trend for me That's on the week of february 15 2021 pull back pulls back into support of that puller structured Weekly profile down into the march 8th time period and the wonder and so that B point Which was from february 15th had volume of 14 million shares that gets passed with 14.6 million shares It's passed with the 18 million shares So over the long haul the SMH is on a weekly basis have a confirmed A to B Equal CD to the upside that should take price to 378 73 But the question is what's going on on the daily time frame out here So let's go ahead and let's and we can see also that in case of the smh is in order to make that move higher They're going to need on a weekly basis a close above 318 82 318 82 is the top of its weekly profile 314 50 is the top of its daily profile Well from finished reviewing the smh is for Hector and Patty. We'll get back from the spring 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 In our geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk free With our money back guarantee at TFNN.com TFNN educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out TFNN and Tiger TV and get expert investing advice to give you the power to control your financial future Go to TFNN.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead TFNN also features trading services with a 30 day money back guarantee for new subscribers As well as TFNN's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on TFNN.com Or TFNN's youtube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor You were born to be TFNN educating investors TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's butterflies and much more the art of timing the trade Charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now We're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting TFNN.com Welcome back folks So we're still looking at the smh is for hector and patty out here Now when we take a look at the smh is first thing we notice It has a rogment to indicator top that formed on november 22nd much like the markets out there So not until that high gets taken out hector will there be any kind of smooth sailing to the upside? What that rogment to indicator signal then led to was a gartley by pattern eight there I've got the blue line is the a to b point Here's your c to d point that gets in firm with the morning star pattern three were morning star that took place Two days ago and now what price is doing is trading with inside its daily profile But it's also as hector point it out. There's a consolidation that's going on So hector not until price closes over the high from the 22nd that high from the 22nd is 3 18 82 Will you get that measured move consolidation breakout and what hector's looking for and you could also Also, that would be another a to b equal cd pattern that could be forming out here for the daily time frame But first price has to overcome that november 22nd high If it's unable to do that, maybe like the markets maybe we're in some kind of consolidation And that's what the smhs are signaling to you and I so hector and patty hope that helps you out Thanks for writing in this early in the morning the next question. We're going to go back to md So uh because doesn't have a name associated with it We're going to call it the doctor and what the doctor wants to take a look at really two different symbols. One is dp Uh h yeah dpw dpw and maybe it was just pointing out something like how about that move yesterday? Well with regard to how about that move yesterday It was just to get back inside a brand new daily profile. Now the profile is pretty equally balanced What I mean by that doctor is that the bottom or where support is that is 168? Resistance where sellers are at is 187 170 187 sorry 168 is the bottom 187 is the top and the center is pretty much Near the center, which is at 178. So priced with inside this profile if dpw Can get above 178 it should go target the 187 area. Now the question is Was there some type of bottom signal on the daily time frame out here? And as we take a look at this chart, uh, I don't the bottom signal would simply have been a retest of that TD 9 count pattern from back on october the 12th and the question is was price moving down and testing that on lighter volume So was that dpw? Yeah, that was dpw Why did that look different than this? Um I'm kind of confused hold on a second here if you would That doesn't make any sense one dpw chart doesn't look that Wow I am confused because that takes us back to october Wow, let me uh Let me try resetting Oh, I don't want to do that Um, I'm gonna pass on dpw right now doctor because uh, oh, I mean as far as I've provided you what I can at this stage here But my white background chart doesn't look anything like this black background chart So I'm just gonna move away from that. You had really called in or written in to ask about mttr So hopefully we don't have that same issue here. So mttr This is a matter port trading right now Just below the bottom of its bullish structure profile So this could be signaling to us that it wants to move lower So here's what we have we take a look at his profile and that is this formed a bullish structure profile on the trading day of December the 3rd and as it was forming that price closed below it and it did the very next day So your counter trend resistance level Is at the 27 53 area now It could also be at the bottom like uh price rejected the bottomist profile yesterday 26 27 But it's that 27 53 that'll be a key area for you if price can close above that because it's a very wide profile So again, it closed above 27 53 certainly two consecutive closes would then suggest to move to 3508 now Let me pull over my my white background chart does look Exactly like the black background chart. So here what we have is wave number seven letter g part of the Chapman wave Can't be a top at this stage here. It's proven to be a top Now if price is unable to close above here, what I'd say is 2841 but 27 53 a key level Out there if price unable to close above those areas What we might be looking at is mttr setting up an a to b equal cd to the downside That coder should take price into its breakout level which is at 15 62 So that's what the daily time frame chart is communicating to us the weekly just doesn't have enough data out here For us to be able to provide any good technical symbol signals. So that's what we've got going with regard to mttr Sorry for the confusion on dpw. I'll have to try to figure out what's going on there But that'll have to be done after the show. So let's go to the next request out here This one coming in from david h and this is david from tom ball, texas wants to take a look at xon mobile So xom is a ticker symbol out here. Let's get that uh fire it up and let me get that going on my other charts out there Please look at crude oil and xon mobile. You're interested in the short-term trading ranges um and the oul On xo m so take a look at let's just start with xx on mobile price yesterday closed above the top of its daily profile Which was 62 43 it did it by two pennies 62 45 a second closed above 62 43 Suggest higher price price is above the top of its weekly profile That leaves us from profile standpoint to ask the question Where is price going and the answer would be 64 92 So another closed today david above 62 43 suggests you move up to the 64 92 area now Let's go ahead and let's pull over xon mobile. See what's the white background charts Give me nothing else is being communicated to you and I here in this case It suggests that price really needs to hold 62 23. That's its oscillator and changeline That's one of the things that you were looking for for xon mobile And that's the level on the daily time frame a quick peek at the weekly chart the weekly chart for xon shows a td 9 count a roadsman to indicator top the price has held support Which was the top of that daily profile level so 59 80 is a key area for xon mobile to stay above if it doesn't Then that sets up a message that we could see moved back to about the 52 96 level We don't have that message just yet But those are the areas to be watching out there because then you would get your signal with regard to lights we include Let's do this here. I'm going to switch panels You won't see this This will be our multi time frame set of panels for lights we crude But first what we'll do before we go to those we'll go to my black background quad Patterns out here and so for lights we crude that should be just another one. There we go lights we crude So this is going to give us daily weekly monthly and quarterly So with regard to lights we crude and this is really why david is asking about that is because of the directional correlation between it And the energy sector such as xon mobile So lights we crude has found resistance at the top of its daily profile and that's at 72 51 So if price can close about 72 51 xon mobile presumably should continue to move higher as well What else can we say about lights we crude really not much prices up in that resistance level? So let's go change panels here. Let's go to our eight panel multi time frame set of charts out there And in the upper left hand side the signal here is that lights we crude wants to head higher Why do you say that stevo? It's at a td9 count top that formed in july of 2021 that basically got negated in October of 2021 and now all price is done is pulled back to test that green oscillator and change line That had changed colors back in the may of 2021 time period. This is a bullish message Now the month is not over now This is a continuous contract that we're looking at for the monthly time frame But that message is bullish if we look at the weekly chart forms a td9 count top price pulls right back to support the breakout level at 66 35 You see, I don't draw these lines in here folks That's why you want to learn you want to use these tools the td9 count I teach that do you subscribe to mastering probability And voila, you've got eight or nine different workshops to go take a look at one is the td9 count pattern In the case of the daily time frame, I don't have a bottoming signal Now in the white background charts, I do it shows a bullish engulfing candle that would then confirm an a to b Equal seating downside, but that's really not the candle that actually formed I've got a problem here inside of Ninja trader for that specific but with regard to the other interday charts out here I'd say watch that five hour chart You can see the five hour chart price is testing that oscillator and change line after changing colors that key level at 71 29 The price closely below that we'd likely see a further move lower in lights week crew Folks stay tuned we'll be back in about three or four minutes Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property tiger reality has the experience across all areas of real estate In the tampa bay area to help buyers and sellers make the most informed decisions across all price levels From the price you should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future Call tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com. That's 727-329-8322. Call us today Are china ashare's hot or not? 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That's tfnn.com then hit watch tiger tv Welcome back folks. If you're listening live, it's 842 in the morning. Thanks so much for doing that We'll not be able to record a show tomorrow We'll be back at monday at 1 p.m. To do the 1 p.m update and then the traders that show at the normal Programming time the next question that has come in it's in fact I think it's the last question is coming at this stage here's from alex and alex has a gone long Olly bob, but his question is do we see a bottom and the answer is we do At least on the daily time frame and that bottom is an a to b will cd pattern to the downside that bottom formed a couple of days ago with the bullish reversal candle that was on december the 6th out here now What price is dealing with i'm going to get rid of that a to b will cd pattern So you've got a valid bottoming signal prices trading with inside its bullish structure daily profile odds favor alex that price should go target The top of that profile 136 76 that's your that's your resistance area your price can close above that We should see higher price higher price to where I'd say 159 18. That's the bottom of its weekly profile Support would be at 111 51. That's the bottom of that daily profile As we take a look at the monthly time frame chart boy, you've got a gargantuan a to b equal cd to the downside That could be completing this month right now, and it's only the ninth right? You've got a hammer candle So you really need to see what the camel what the camel what the candle is at the end of the month But you've got the potential there now. I do see a piercing candle that formed here a couple months back This is on october the first the month of october I should say and that clearly failed So let's pull over the white background chart see if there's some other information that we can gleam here So let's just start with the monthly time frame chart since I happen to be there You got a breakout level at $100 and two pennies this went ahead and negated his td nine count pattern It did that last month Um, but you've got that a to b equal cd and you've got not litter and changelander has changed colors So that's promising alex, of course We don't know what this final chart is going to look like at the end of the month the weekly chart out here Shows a roadsman to indicator signal now if you were to get a bullish reversal candle this month right now Just an inside bar that would be nice to add to the bottom all right now resistance is at 135 62 So you'd like to see price close above that so the monthly and weekly say there's potential But nothing has been confirmed there and on the daily time frame What was the a to b equal cd pattern that we looked at out here? You see prices made its way back to its oscillator and changeline which has been resistance So you'd really like to see price close above it and it is 124 94 out there So thanks so much for writing in alex best of luck to you on the trade out here It does look like it wants to move higher. I'd say on that daily basis You really want to see price get above that red oscillator on changeline. So thanks so much for writing in I take it back. We do have some other questions out here. Nope We don't that was just a thank you for covering the earlier request and you're welcome and that was marie. I believe that Had written in yeah was okay. So let's do this here Now that we've got the request out of the way and we'll take morse most certainly But let's go back. What do we want to do here? Let's go take a look at the markets and see what's going on Intra day. Now, how do we want to do this? How do we want to do this? Well, there are a couple requests that have come in. So I Before I do that, I'll go to those requests out here. Well, we have some time So the first request coming in from snp. Let's take a good roll blocks l rblx out there And so let's get that fired up here rblx and this is trading with inside It's a daily profile closed yesterday above the center of that puller structure profile 122 17 So snp another closed today above 122 17 would suggest to move to 141 60 Um, is there any other piece of information that will be helpful to snp? And there he is price closed also just above its green oscillator and change line yesterday 123 80 so a second close above that would really suggest that price makes its way to that 141 60 level We do see a shooting star candle from november 30th So you do have resistance between 137 71 and 141 60 out there and that is on ticker symbol rblx Hope that helps you out dang it in boston wants to take a look at msgr msgr Let me get that fired up msgr And see what this is ms messenger of some sort mRNA etm oh interesting msgr. So why am I not getting any data? Well, uh boston you're uh, I is this a brand new symbol Brand new today. Ah, okay. Yes. Well, I can't really do a whole lot So, uh, if you're asking me, where's it headed from here? Well based on this set of charts here I don't have a clue out there, but thanks for the request. Maybe let's take a look at that on Monday, uh, if you will and so no idea But interesting that is a interesting etf out there. We'll certainly want to track that one So now let's go back to the interday time frame chart. So give me a moment to get these charts rolling here Well, let's just first go look at the 30 minute charts We can always switch panels we can go take a look at the each equity future contract separately And uh here so when we you know, so right now the equity futures are trading lower You've got the dow down by 120 Then ask that got 58 the es mini 15 and the russell 15 as well But the question is what does that mean? So we take a look at 30 minute time frame charts Well, we know for the es mini that means their price is testing its most recent breakout level and that's at 46 78 And that is holding now. You can also see resistance. That's that oscillator and change line That's at about 46 86 a 30 minute time frame chart No bottoming signal, but a bottoming signal can be price is simply pulling back to support That's why we want these objective breakout levels because they no one no one inside tf and n including myself No one would have chosen 46 78 as the breakout level Everybody would have gone back to the swing point from two bars prior to that Now does it make a difference? You know on a short term time frame chart? Yeah, it does make a difference because it is what it is We want to be consistent with regard to how we Take a look at markets and read the markets all i'm doing. I'm just a narrator Just narrating these tools to you. They're just we use them the same way So price is holding now with price closed well 46 78 There's likely an a to b equal cd to the downside that is forming out here Or price could simply be targeting this next breakout level then next breakout level is at 46 24 Now we do know at 46 67 because we look at the daily time frame When we began the show that that is the next key level of support So 46 78 if that fails 46 67 and a 46 67 fails Then we're looking at 46 49 maybe below that but right now as we speak at 8 49 in the morning Yes, us equity futures are lower. Yes, the es mini is down by 15 points But it's testing a key level of support in the case of the nq No bottoming pattern per se no a to b equal cd to the downside that is completed Oh, I take that back stevo. There is and by the d point. There's a gartley by pattern. Here it is So i'll just draw on the a to b point That's this and then we're just simply going to go ahead and move this over and Oops didn't mean to move over the whole chart and for that from that evening star. There's our c to d leg This is an extension out here. Here's your bullish engulfing candle So that says the key level of support for it is really 16 302 25 But you and I know that there's also breakout level of support at 16 288 75 area But right now the nq has generated a gartley by pattern What the nq needs to do and it has not done is close above its oscillator and change line That would be 16 342 if it can do that you should expect and anticipate the nq would go ahead move up to 16 368 Above three 16 368 you're back off to the highs from yesterday Maybe another attack at the top of that daily profile Uh, so you've got the confirmed by pattern But uh price has been unable to take out that key level resistance. That's that red oscillator and change line the dow It's testing support. It's breakout level 35 621 There's also 2000. I don't have really a good read on it. It's breakout area is all the way down to 22 11 That's what's going on on the 30 minute charts for the u.s equity futures contracts steam roads with tf and n will be right there The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tf and n we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tf and n newsletters cover every aspect of the markets So you can analyze the market before you trade Try any of our great newsletters risk free with our 30 day money back guarantee Just visit the newsletters tab on the front page of tf and n dot com tf and n educating investors Are you having fun trading the markets but having trouble finding like-minded individuals to discuss Your trading and investment ideas with become an apex predator in the trading markets and Join the tiger's den trading room only at tf and n dot com The tiger's den is an exclusive trading room where successful traders from around the world Come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tigers then are also the first to have their questions answered live on air And can privately chat with our tf and n hosts live during their shows Interact with other tigers and tigers as they share trading ideas News analysis and discuss the market action all trading day Subscribe to the tigers then risk free with our 30 day money back guarantee And become part of the tf and n trading community tf and n educating investors Are you looking for a secured investment which pays you on a monthly basis? The tiger first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bankrate.com Is paying 1 per year or $1,000 per 100,000 invested The tiger first mortgage program pays 7 per year paid monthly on secured high value Buildable properties in st. Petersburg, Florida The investment is for four years paying 7 per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st. Petersburg, Florida Your investment can be anywhere from 100,000 to 500,000 You want to make 1000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7 per year paid monthly For more information you can call 877-518-9190 that's 877-518-9190 A price yesterday bob finding support at the bottom of its bullet structure profile 136.50 out there when we look at the weekly time frame chart it's really a very clear consolidation pattern or at least it's very clear to me price also this week and last week finding support at the bottom of its weekly profile so what you have out here is you have a consolidation pattern that would lead to a measured move I would say that if price closes below the low of 134.71 the other level might be one yeah I'd say that's that's the wait a minute that doesn't make sense 149 140 hold on telling you to hold on 140.031 yeah 134.71 a close below 134.71 would suggest that the consolidation is broken and then you'd have a measured move equal to or greater than that consolidation now as we look at the white background charts out here for Walmart do we oh geez did I really delete that I did so Stevie deleted that and what that means here is that means what that means I can get it going here WMT the ticker symbol and I'm just going to look at the daily time frame and so when we take a look at Walmart the other key area where Walmart would need to close above so I see it straight into a swing point I don't know if it's light volume or not we're going to go check on that but 139.88 is a key level that price would need to close above so as price was well just trying to get a feel is a signaling that that's going to the consolidation remains so 9.9 million shares back on October the 4th when we were down here a couple of days ago it was with well with was with volume 13 million shares and yesterday was 11.4 million it's really it's really trying to tackle that October 4 swing point so that 134.71 is going to be a real key level for you to watch and deserve Bob but at this stage here support is held you've got the buyers you've got the bottom of the daily in the weekly profile if they can't hold it boy it would be generating a significant message to you folks stay tuned Tommy O'Brien is up next if you're listening at 9 and David White is up next if you're listening at 1 o'clock again I'll be back with you on Monday have a fantastic weekend folks thanks much for being here