 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks, welcome to the November 2nd, the terrific Thursday edition of today's Trader's 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. Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us. Not to us. That's right. When you and I make that one little two by four shift, it means we can find the gift in every set of circumstances that life is going to toss at us. Now today you and I are 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 you to know I'm absolutely grateful for your presence here. They're 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 it at 877-927-6648. Now if you've got a question but you can't dial in, you can send me an email. For that send that off to Steve at TFN.com and inside the subject heading, please put radio show question. And of course if you're inside our Tigers then well then any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We've got AC of Green out there. It doesn't matter we're looking at the sectors for the S&P 500 or all the U.S. indices that we track. They're all trading the upside. Dow's up 404 points. One and two tenths percent. One and a half percent for the S&P. 65 points. One and a half for the Nasdaq 100 or 216 points. Nearly two percent for the Russell. 31 point move there. Summai's up 67. Tranny's up 339. New York Stock Exchange up 266. Gold is trading up four bucks at 1991. Silver's up 13 cents at 2292. Light's recruit is trading up at 8142. That's up a buck in natural gas. Down to about a nickel. Trane out at 3.44. 30 or treasure up over two points. Trane out 112.19. So let's go figure out what all this means. Well lead a charge first of all to the upside. Dollar wise is booking holdings. 54 point move there. Tyler Technologies 38 bucks. Regeneran 35. Parker Hanifin 34. And Transdigem Group up 30. So we got some movers. We've also got some shakers. Super micro computer down 16 bucks. Regal Rexnard Corporation off 16 or 13 percent. Renaissance holding down 7 percent 15 bucks. Humanoff 15 bucks 3 percent. Everest Group down 15 bucks. That's nearly a 4 percent move to the downside. Let's go take a look at the equity future contracts out here. Let's start by taking a look at this set. And what do we see here? We can see right now that the ESMini is taking on resistance. That resistance level up at 43.18. Don't know whether bulls or bears are going to win that battle. But if price does close above it, one target would be that descending trend line. Another target would be its TD9 count breakdown level. And that's up at the 44.23 level. We take a look at the NQ also dealing with resistance right now. If price can close the day of 14.938, that would suggest a move up towards its descending trend line. Its TD9 count breakdown resistance is at the 15.309 level. We take a look at the Dow. The Dow signaling to you and I that the ESMini and the NQs should go ahead and take out the tops of those profile levels. Why? Because the Dow equity future contract is well above the top of its bearish structure daily profile. That is a bullish signal. Its next price target goes up at 33.990. We're at 33.734. 33.990 is its TD9 count breakdown level. And if price gets above that, that tells us we have a change in trend inside of the Dow. If we take a look at the Russell 2000, it too is trading above the top of its daily profile. This has been the weak link out there, at least as of late. But right now, it's not so weak. It's trading above that 16.99 level. A close above it will suggest a run up towards its descending trend line or its TD9 count breakdown level. That TD9 count breakdown level is at 1,800.90. So those are the things to watch. Now, because we are up at resistance areas, what makes sense is it makes sense for us to go take a look at intraday charts. Because when we're up at a daily resistance level, you want to see what's going on on those intraday charts out there. Why? Because if there's going to be a turn, we're going to see it first on those shorter-term timeframes. So let's begin by taking a look at the EES mini. We don't need to take a look at the daily. What we're searching for here are TD9 Rogeman Dominicator tops, maybe sell the D point tops. If we take a look at the five-hour chart, let's go in the upper row, go from left to right. The daily we've already covered. The five-hour chart is going to form bar number 8 of a TD9 count pattern. It will do that by 2 p.m., I believe, as a time period. That would suggest that on a five-hour base, we wouldn't see some type of top until later this evening. If we take a look at the four-hour time frame chart, four-hour time frame chart, also in bar number 8, as price approaches a TD9 count breakdown resistance area, 43.38. This bar number 8 completes at 2, bar number 9 completes at 4. That says you could have a top between 2 and 8 p.m. this evening if we use that four-hour time frame chart. Two-hour time frame chart says no top in sight. The 60-minute chart says, well, hold on, not so fast. I just formed bar number 8 of a TD9 count. When you successfully complete bar number 8 of a TD9 count, there's a 90% chance of that pattern completing for that time frame. So by noon, we should have bar number 9. So that says a top, short-term top, could occur between right now 11 a.m. and 1 p.m. Now that top could or should take us back to its oscillator and change line. That's at the 43.02 level. But the problem is on the 30-minute time frame chart, we don't have any kind of a top. Not yet. It could form bar number 8. It hasn't just yet, but it could form bar number 8. But its pattern would not, in fact, confirm until noon out there. So maybe as we come into the close of the show, we'll come back and take a look at the EES mini. On a 15-minute time frame, the good news here is that in three minutes this is going to complete a TD9 count top. Now the reason why that's good news is because from an intraday perspective, this will tell you which direction the market is likely going ahead. And what I mean by that is first, because we've got this TD9 count pattern, price should pull back and at least test support. That's right now at about 43.09. If price pulls back, tests and rejects that level and starts moving higher, then we're going to likely go ahead and take out his TD9 count top. Likewise, between 11.15 and 11.30, if price closes over the high of the pattern, let me see where the high is. That's 43.21.75, 43.22. If price closes over 43.22 on a 15-minute basis, that tells you that there's still strong upward momentum move out here. Now another thing you can pay attention to, especially on a short-term chart, is you can watch the prior bars low. Can price even get down to that low out there? And so far it hasn't done that, but I would be watching that. By the way, that low on a 15-minute basis out here is out at 43.15.50. If we close below that, that's your first indication of, at least on this timeframe, that price would go ahead and pull back. And then you watch that 43.09-ish area out there. Below that, you'll be looking at 42.95, 42.91, 42.90.75 out there. On a 10-minute basis, you've got a rogement and indicator top. So that's a short-term timeframe. That suggests that price should pull back to this 43.14 level. If price closes below that, 42.98 is a timeframe. So in an overview out here, we've got some short-term topping signals, 10 and 15-minute chart out there. It's possible the 30-minute chart could participate, but we won't know about that until the noon time. And that's the same thing really with regard to the 60-minute timeframe chart. If we look at those other charts, though, this is suggesting to you and I that even if we get a pullback here, there's enough strength for price to take out the top of those daily profiles. But look, here's the deal. I don't know who's going to win this battle, but we've got battles for the ES, the NQ, the Dow, sort of, but most certainly the Russell 2000. Steve Rhodes with TFNN. We get back. We'll take a look at Palantir, Meta, BRPH, Microsoft, BSTG, Haliburton, and currencies. We'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the Opening Call newsletter at TFNN.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman 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 Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. We'll see you next week at 727-873-7618. So right now we've got all U.S. equities trading to the upside. Dow's up 377 points. S&P is up 62. And let's get to our first question out here, Steve's multi-tasking. We'll see how successful I can be at that. Right now we're going to go take a look at tick-asemble. Where are we looking at? Palantir, and this is for Kota inside the Tiger's Den. And if we take a look at Palantir, what do we know? There's a gap to the upside out there. Yesterday completed A. It looks like it came close to completing a buy the D-point pattern. That could be a bit off on that. Let me take a quick peek out here. So let's take a look at that. Let's go over to the B-point out here. Just give me a moment. We'll try to move this. And that would be about right there. So it didn't really get all the way down there. But here's what we know. So Palantir gaps up and runs right into its breakdown resistance level. 1822. Let me see what kind of volume we've got behind this move here. PLTR. And when we take a look at Palantir out here. So it also, I'm going to switch over to another screen. So we know that you can see that resistance level of 1822. So what you know Kota is that 1822 area is very key. We can see even on the weekly timeframe chart, it's got resistance at the top of its profile. And that's up at the 1757 level. And then if we take a look at the monthly timeframe, it has resistance up to the 1763. We can add one more idea with regard to resistance for you Kota. We're going to switch over to the black background charts. And what you'll see is descending trend lines. So let's just simply open this up out here. And so now what we've got is it's really trading between trend line support. Those are the green lines on the bottom. Trend line resistance. That is up at the top. So if price can overtake that area, and I say overtake it, would be a move above 1840, 18 18 44, a move above 1844 with more than 55 million shares. Now you've done 97 million shares today. So it should have the strength to do that. But it's trading into those resistance levels. So that's what I see when I take a look at that was weird. That's what I see when I take a look at Palantir out there. I hope that that helps you out. Let's go to your next request, which was to take a look at Facebook for Metta out there. And as we take a look, we'll switch over to it here momentarily, just post a couple things for requests inside the den. So I should take care of those requests for you folks. And we take a look at Facebook. What do we know about Facebook? Facebook is trading right up into that bearish structured daily profile. And that's at 313.39. We know that has held resistance, but on this pullback out here, it's also found support of that green oscillator and change line, which at the low 8.59 area. So how do you what's this message to us? The message would be if you close below that green oscillator and change line, you're likely to do a retracement and get all the way back down to the 287.90 level. Whereas if you remain above it, then it's at least short term bullish still dealing with resistance. That's up at the 313.39 level. If we get a close about 313.39, we will likely see a move to 325.94. Now, on a weekly time frame, you just have a consolidation with inside profile levels there, code at 289.63 and 320.31. And we can see we've got a TD9 count top on the monthly basis with price consolidating with inside its profile levels as well. 326.20 is that resistance zone. So we take a look at that meta out here. So far so good, it would be better if in fact it was able to close the day above 313.39. We've moved to 325.94. Let's go take a look at the BR let me see what the heck is this BRPH. So let's go take a look at this instrument see what it is doing momentarily we'll be there. And this is Galaxy Digital Holdings having a nice day, but that nice day is about to end. It's going to end either today or tomorrow. Why is that? Because you've got a TD9 count pattern. So that says that this should form a top either today or tomorrow. That top should take us back to 444 or thereabouts. That's the current daily oscillator and change line. It makes sense that we would see at least a daily top because why on the weekly basis price is right up at resistance. And that resistance level is a TD9 count breakdown resistance that's been in place for quite some time. That's at 518. You also have the top of its profile. That's at 521. So this is truly trading into resistance and even on the monthly basis you've got resistance up at 540. So beautiful move off of the lows out here from October 23rd. But it looks like that move is about to come to an end as price is up at resistance both on the daily, well not on the daily so much. The daily has that TD9 count top, but on the weekly and the monthly definitely up at resistance. So Coda, I hope that provided you with the information you were looking for on Galaxy Digital Holdings. Let's go to our next request that's coming in from Nancy. Nancy wants to take a look at Microsoft. So as we look over at Microsoft out here Microsoft has that A to B CD Pad on the upside. That 1 to 1 price projection should take us into that 351.89 level. 351 did not show. Oh man. Oh man. Oh man. Stevie brain fart, contusions. What the heck? I haven't changed those charts so sorry about that. Let's finish off Microsoft then I'll go do just a quick review of those other ones. Thank you Mr. Bill. Sorry I didn't see it a bit sooner. Now, if we take a look at, so here's Microsoft. You've got that A to B equal CD to the upside. 351.89 TD9 count breakdown resistance that is its target out there. Price closes above that. Then we should see move up to the 350.350 level. That's a top of its weekly profile. 352.04 is a top of the monthly profile. So price is heading to resistance but I don't see any reason for this not to be able to make that 351.89 level out there. Now on a short-term basis Nancy, this is a 30 minute time frame chart. You're going to form a TD9 count top between or you're going to form it at 1130 out there. If I just simply update this we'll see that take place here. So update it with all the numbers. You're going to complete bar number 8 at 1130 and you're going to come, you should be able to, should be able to complete a TD9 count pattern by 12 noon out there. But if price remains above that green oscillator and change line tells you about a very strong upward momentum move that's underway and of course that TD9 count gets taken out. That tells you about a strong upward momentum move as well. But on a short-term basis Microsoft is getting ready to form a short-term top but on a larger basis price should continue to run up towards 351.89. So Nancy I hope that provided you with the information you are looking for. Now I've got to go back. Coda's request was a take look at BRPHF. Here you can see the TD9 count top. You can see that we've got the price trading in a weekly and monthly profile levels out there. If we take a look at ticker symbol meta, here you can see how price is dealing with this cell zone, that bare structured cell zone. But you can see price also finding support that green oscillator and change line. Again it closed by 313. She get us a 325.94. And then finally we go back and retake a look at Palantir out here. Palantir running right up into that 1822 level and we had the black background chart so you saw that. So sorry about not having those charts posted but we have reconciled that situation. Let's go over and take a look at the currency pairs out here. This is for Peter inside the Tiger's Den. We take a look at the currency pairs out here. Let's actually get to today's data. And what we can see is price for the euro has been trading between support. And support is clearly the red oscillator and change line. And resistance and resistance is clearly its TD9 count breakdown level. So let's take a look at the short term time frame chart and see if we see any signals. We'll go ahead and try to do that. In fact let's do that right now. Let's look at the short term time frame charts out here. We'll change screens. We're just about to go to a break but we should be able to hold on for about 15 seconds or so. Screens here we go. And then we take a look at the 30 minute time frame chart. As price got up to that resistance level on a daily basis what was it doing on a 30 minute basis. Forming TD9 count bottom. The price needs to if as long as price holds 1.0595 it may take another run for that TD9 count daily breakdown resistance of 1.0673. We'll be right back folks. Tires every Tuesday and Thursday Tim Ord joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now on Tuesday November 7th from 4 p.m. to 5 30 p.m. Eastern time Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well. Tim will be delving into 6 secret ratios that every trader should know. In this webinar Tim will be covering the daily TLT VIX, the daily and weekly SPI VIX, the American Association of Individual Investors Bull Bear ratios and the trend panic levels. Tim will break down each ratio, how it is calculated, importance and how it can help you make bigger returns. It's as simple as this. Learn the ratios trade by them and see your returns. That's it. Visit the front page of TFNN.com to sign up now. TFNN Educating Investors. The Gold Report. As a precious metal gold is still king. 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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 4.00 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 8 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 Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com Watch Tiger TV. This is for Peter inside the Tiger's Den. We were looking at the Euro as we were going into that break. So we took a look at the daily Euro chart at first. We saw the price was right up to that resistance level. It's TD9 Count breakdown. When you get up to resistance you order the short-term time frame charts and see if they've got any signals. Signals of a top in this case here it was a clear signal of a top of TD9 Count. Now the first level of support here Peter for the Euro is going to be 1.06249 to get really granular. And if price is able to close below that then price should pull all the way back to its breakout level at 1.0595. If price closes below that then it tells us that we're just inside this consolidation where price gets up in test resistance doesn't clear resistance and pulls back to that oscillator and change line. On the daily basis that is at 1.0555 out there. With regard to the YIN the YIN was moving lower this morning and it formed a Roadsman to Mindicator bottom. Now the Roadsman to Mindicator bottom if price close above 1.5040 does that on a 30 minute basis that would be at 12 noon. That would suggest that we're headed up to 1.5093 so in this chart here if in fact the YIN is moving higher it's getting weaker USD index is getting stronger. In the case of the Euro if it's moving down USD index is getting stronger out there in the case of the Great British Pound it formed a TD9 Count top. That TD9 Count top is right now below its profile levels of support. Price is likely to get down to 1.2156 or 1.2147 out there. So I hope that helps you out. I think actually the short term timeframe charts Peter are the ones to be looking at this morning versus the dailies out there. So I hope that provided with the information you were looking for. Let's go take a look at our next request out here. That is coming in from Duncan Steve inside the Tigers then so we're going to switch panels out here so that everybody's able to follow along with Stevie. And in a moment we'll have PSTG up on our charts out here. So let's go take a look at what is PSTG anyways. PSTG is pure storage and pure storage formed a Roachman Dominicator bottom a TD9 Count bottom and now Price is dealing with resistance if it's only a counter trend move out here Duncan where Price finds resistance between 3472 and 3510. 3510 is the center of its bullish structured profile. Price has been below that profile for quite some time that's where a counter trend move would end in between that range whereas a close above 3510 would signal move up to 3586 or even 3624 out there but right now so far we've got to call this just a counter trend move at the moment. If we take a look at the weekly timeframe what do we have not much nothing to report there other than price being below profile support out there and on the monthly chart you've got a Roachman Dominicator top and a price able to close on a monthly base below its oscillator and change line that would be 3405 that would suggest a run all the way back to 2271 so pure storage out here nice daily bottom no bottom on the weekly support sort of holding on the monthly out there a volume wise today so far this has done 524,000 shares let's go over to the left side see what kind of volume it's going into 1.8 million so it's got pretty, it's got similar type volume to the moves to the downside out there with about two hours of trading in nonetheless 3472 to 3510 is your resistance level and on a 30 minute basis boy so as price gets up to a resistance area it works this way for everything you go to a short term timeframe chart now one of my favorites is the 30 out there and sure enough on a 30 minute basis we now look like we may have a Roachman there and so the support level is really 3362 and below that 3280 out there so Duncan I hope that helped you out with regard to public storage thank you so much for the request much appreciated Alton Alton wants to take a look at Halliburton out here so let's switch over to its charts HAL is a ticker symbol he's been in this trade for a while what do we have out here in Halliburton well right now Halliburton is attempting to overcome maybe this let me just see I've got usually a little bit of a delay here but trying to overcome the top of its bearish structured daily profile and that bearish structured daily profile is at a price point yeah we are trading above it is at a price point to 4017 and we're actually trading at 4032 not the 4019 that's showing up on that white background screen so close above 4017 is then going to suggest Alton a move up to 4058 you'd love to see it close above 4017 today and then you got to move up to that cost that are in chains on it price can get above that close above that 4058 then that's telling you that Halliburton once they make a move back to 4334 that is where it broke down if we take a look at the weekly chart consolidation with inside profiles the same is really going on inside of the monthly chart where resistance at 4141 on the weekly it's at 4260 out there so things are looking pretty decent a close above 4017 gets us to 4057 a close above 4057 to 4334 out there so that's what we see when we take a look at Halliburton Alton I hope that that helps you out let's go take a look at Aspen ASPN out here is that ASPN Aspen I don't know what is it Aspen dental nah it's Aspen Aerogels out here and we take a look at Aspen Aerogels what is it doing well it's trying to form an A to B equal CD to the upside and is trying to take out a swing point from all the back in October October 11 2023 so first that's a swing point that prices trading into that swing did volume of 1.06 you've done 647000 shares already you're trading into that swing point with volume a close today above the low that swing point the low is 825 it increase the odds that that high will be tested it has not been tested and that high is at 916 and a close above that high 916 with more than 1.1 million shares will confirm an A to B equal CD to the upside what else do we have out here Stevie so on the daily not much more that I can report there on a weekly basis forms a nice roadsman to indicator bottom it's been consolidating sideways for quite some time how much time Steve oh well I'd say it's been consolidating really since March of March 17th week of March 17th so pretty decent consolidation now price able to break out of that consolidation and what would be a break out of that consolidation I would have to say a close above 916 then you'd have a measured move equal to or greater than the consolidation but we don't even have to figure that out we can say you close above that you're likely headed to 1145 and 1145 is where price broke down from now what Aspen is dealing with here aspen aero gels is dealing with that monthly oscillator and change line and a price can close above that on a monthly basis and that being eight dollars and nine dollars and sixteen cents as we speak right now if price can close above that Dan boy we haven't seen price close above an oscillator and change line on a monthly basis for quite some time and that would be telling us about a significant change in trend however it still has resistance up at 1263 up there but that's what I see when we take a look at aspen aero gels hope that provided you with the information you were looking for as well let's go take a look at ARKK for rows inside the Tigers den as we pull up the charts for ARKK where are we at out there well you've got a roadsman to indicator bottom that is for sure that's what today's gap to the upside and that gap is taking out resistance the resistance being the top of its profile that's at 3712 this now suggests to you and I rose that price should make its way up to where broke down and where broke down was exactly at 3997 now at 3889 or there about you're going to have another fight another battle that's its weekly red oscillator and change line above 3889 and then above 3997 you'd have a battle at 4131 and 4131 is the bottom of that monthly profile so that's what I see when we take look at ARKK rows would take like to take a look at the IWM captain triage WBA and Phil who loves to trade OMCL that's what we'll look at to get back to this break currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors are China A shares hot or not if you trade China A shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit directioninvestments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services this program is brought to you by Vista Gold traded on the NYS the American and TSX under the symbol VGZ folks so we're going to take a look at the IWM momentarily first we're going to check in on the equity future contracts equity future contract the RTY for the Russell 2000 we're specifically trying to try to understand is there any kind of top that we see on those intraday charts and reasons because on a daily base we're right up at resistance resistance is the top of its profile and on this chart here that's up at 170690 out there now we look at a five hour chart no topping signal at all we look at a four hour chart no topping signal at all suggest move to 1730 two hour chart no topping signal at all there 60 minute chart what it needs to do between now and two o'clock is spike above 170930 if it does that we could get a TD9 count top for the 60 minute time frame in the case of a 30 minute time frame it has a roadsman to indicator top and prices simply found support of that green oscillator and change line it tells us we have a rising price oscillator above zero those are bullish conditions so the 30 minute chart signal is actually neutral but a price close above 170930 on a 30 minute basis the pattern gets negated tells about a strong upward momentum move for it the 15 minute chart also have roadsman to indicator tops their resistance levels also that same price point out there even on the 15 and 30 minute and 10 minute charts here we're not exactly seeing the 10 minute chart just to give you feel and the 15 both form those roadsman to indicator tops and price pulled back and tested profile support and it's taken off since then so you got to watch those short term time frame charts out here but right now everything is pretty darn strong inside the IWM although it is dealer the Russell 2000 although it is dealing with profile resistance let's go check on the IWM now rose and as we pull that up you can see here that if we were to base what the Russell 2000 is doing on the ETF chart I'd be giving all kinds of really crappy information and Stevie's not about to do that that's why we go back we take a look at those equity future charts again the point that I like to make here is folks you don't need to trade the futures contract you can trade the IWM all of its derivatives the S&P and all of its derivatives but from a pattern recognition standpoint go get access to the futures contracts out there because that's going to provide you with more information now in the case of the IWM if we go ahead and interpret it it tells us about a roseman to indicator bottom this tells us that price should get up to the one seventy ten one seventy one ten level out there and I don't know if that's going to occur if the Russell 2000 on a daily basis close above the top of that profile then perhaps that will be an encounter trend move inside the IWM chart which suggests that it would run out of steam at one seventy one ten you close above that you may have a different picture out here and that different picture could take you to one seventy five thirteen or one seventy six forty two on a weekly chart you're going to get a buy the D point pattern this week that's assuming that tomorrow we still have this bullish reversal candle right now it is a bull sash nothing on the monthly chart but the monthly chart hasn't populated so let's try to populate this what happened there stevo I don't know but let's pull that down let's go ahead and populate this thing see where we're at yeah not much more really firm for me not much more color for me to add to that on the thirty minute basis out here we remember on a thirty minute basis we had a TD night a roseman to indicator top inside the Russell 2000 equity future contract what do we have here not a zip zilch not the same patterns out there that's why we use those futures contracts because I'm a pattern recognition individual and for me it's about price discovery it's about having more data is better than less data out there and that's why we go ahead and we use those futures contracts especially for the index ETF's out there so Rosa helps out I hope that helps you out with regard to the Russell 2000 and the IWM captain triage wants to take a look at Walgreens boots WBA out there and WBA Walgreens is trade what so what do we have out here what do we have we've got a swing point that formed out here on September 27th had volume of 10 million shares it was first tested with 13 million shares said we'd be back down there you got back down there that's for sure tested yesterday with 16 million shares 16 million going against 10 million that would say that we were going to retest it again today which we have done now price a close above the high that swing point which is 2124 with less than 10 million shares will that be a rejection of that swing point on lighter volume you're about 3.5 right now so it's close to generating a test and rejection of swing point on lighter volume all right that's phase one with regard to a WBA Mr. Triage the next battle is up at 2172 and then the real battle if this is only a countertrend move that's up at 2269 you need to see price take out 2269 in order for Walgreens boots to basically tell you it's got its mojo back and its mojo would take you up to 2431 now I'd also watch the weekly chart out here you'd love to see this not have too much movement why because on a weekly basis this would confirm a roadsman to indicator bottom pattern out there and that then would have some potential legs and if we look at the weekly time or the monthly time frame chart this is going to complete a TD tank out bottom as we speak at the end of November out here so the monthly looks pretty interesting the weekly just depends on that candle formation tomorrow and the daily you'd love to see a test rejection of that swing point so captain triage that's what Stevie sees we take a look at WBA I hope that provided you with the information you were looking for let's go to this next request out here this is coming from Phil who loves to trade and he wants to take a look at MCL you know MCL is drumroll Johnny out here it's in a lot of trouble that's for sure it is Omnicell and Omnicell I don't see a bottom on a daily basis I see a negated TD 9 count bottom that TD 9 count bottom was negated on October 27th out there and now you're below a bullish structured profile and on a weekly basis you're only in bar number seven of a TD 9 count and on a monthly basis man you're below all kinds of things you're below breakout support you're below profile support it's next area it's next price target looks like 26 bucks even Steven 26 bucks even Steven is the third monthly TD 9 count breakout level out here I'm not saying that's a buy or anything it looks like you've got to go away at least for a few weeks out here with these patterns that we see when we take a look at Omnicell so Phil I hope that provided you with the information that you were looking for let's take a look at that looks like we've got a request to take a look at Steve Apple earnings tonight so let's put up Apple APL is a ticker symbol I'll go back to the I'm going to have a break here in about an hour in about a minute and I'll go back and see if there was something else that I look like maybe TGB for Danny and I think that was a request and we take a look at Apple they are coming out with earnings what do we know about Apple well first of all you've got a daily TD 9 count bottom and prices trading above the top of the daily profile its next hurdle is going to be one seventy eight forty two and I would say this day and a price can overtake one seventy eight forty two that tells about a change in trend on the daily timeframe and that says we can get up easily to the one eighty three twenty seven or one eighty sixty five level on a weekly basis assuming that nothing happens too bad to Apple after earnings night their earnings come out at four thirty right on the dot but right now as we speak at eleven fifty a.m. you've got a Gartley buy pattern on a weekly basis very close to a Gartley buy pattern on a weekly basis on a monthly basis there is a new profile that is formed out here that new profile has so poor at one forty seven and as resistant one ninety eight twenty three but if we're looking for clues out here for Apple let's take a look at a short term timeframe chart thirty minute charge going to complete a TD 9 count bottom are likely to complete a TD 9 count bottom but I have to say overall even this chart is neutral right now Apple looks pretty strong daily and weekly how will the market respond right now it looks like we respond in a favorable light Steve Rhodes with TFNF we'll be right Tigers every Tuesday and Thursday Tim Ord joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading now on Tuesday November seventh from four p.m. to five thirty p.m. Eastern time Tim Ord will be hosting his own live webinar Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well Tim will be delving into six secret ratios that every trader should know in this webinar Tim will be covering the daily TLT VIX the daily and weekly spy VIX the American Association of individual investors bull bear ratios and the trend panic levels Tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns it's as simple as this learn the ratios trade by them 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today TFNN dot com educating investors we started the show we're really the same place which is we've got the 30 day money taken on resistance that resistance level watch that today is going to be up the 45 40 I'm sorry 43 17 area the NQ also taken on resistance it's got even more resistance that's between 14 838 watch the 14 938 level the Dow is still trading above that resistance that's at 33 444 and the Russell also trade above resistance that's up at the 1699 level those are the daily timeframes to to focus it on we're looking at the charts the NQ why because we've looked at the Russell and we've taken a look at the yes many let's go see what the NQ has to offer us well on a five hour time frame it has completed a TD 9 count top it did that at 9 this morning it price closes above that high 14 953 50 does that by 2pm that's telling us what the NQ wants to do is go target 15 223 75 on a four hour time frame chart we don't have any kind of a top just yet it is for me bar number 8 as we speak right now earlier so that top could come in would be at 4pm this afternoon no topping signal on the two hour time frame chart so that looks pretty bold it's a 60 minute looks like it'll complete a TD 9 count top as we come into this 12 noon time frame out here price is still kind of teetering it's right at that green oscillator and change line or just slightly below it the price closed below we could easily see a move back to the 14 753 level the 30 minute time frame charts got a roads meant to mitigate her top support down from 88 to 14 910 below that it would be 14 795 we got that same short term topping signal on the 10 and the 15 minute basis their levels of support to watch to suggest whether price can have lower or not let's use the 10 minute chart out there and that's at 14 920 so that's what I'd be watching during the day out here we're up at resistance who's going to win the battle is at the bowls or bears key in on those short term time frame charts out there key in on those TD 9 counts those that we've been able to see you out there and do me a favor tomorrow I'm going to be recording the show from 8 to 9 a.m. so feel free to send me some emails and Steve at TFN.com but please put radio show question and otherwise it's likely to just get past me so please join me 8 a.m. tomorrow we'll see exactly what the equity futures are doing out there all the futures markets and have a terrific Thursday folks we'll see you tomorrow