 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 September 25th the marvelous Monday edition of today's Trader's Edge show I'm your host Stevie 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 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 want you to know I'm absolutely grateful for your presence here but even more important than that And that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone dial on in at 877-927-6648 Now if you can't dial in you've got a question we've got you covered go ahead and send me an email send that off to Steve at TF9.com And inside the subject heading please put radio show question now if you're inside our Tigers Den well then any in every ping will do So let's go ahead and get this show started on Magnificent Marvelous Monday of course this is Tiger Financial News Network I'm Steve Rhodes Welcome to the show a slightly mixed bag out there as we begin the hour you got the Dow off 148th S&P down 8th Nasdaq's up 26th Russell is just up slightly it's flat the summaries are flat the trannies are up 89 points New York Stock Exchange off 54 Gold's down 9 bucks Silver's up 50 cents in a 30 year treasury is down 1 point and 21 ticks trade down at 150 and 08 You've got lights recruit off 78 pennies trade down to 89 27 or so and natural gas is up 1 penny trade at 265 Leading to charge dollar wise the upside today we've got William Sonoma 12 bucks that's a 9% move Super Micro is up 5 bucks 2% 11% FedEx is up 5 and video is up 5 as well to the downside it's Morphic Holdings up about $10 25% move their charter communications off 850 Nearly 2% Lululemon down nearly 8 bucks or 2% BlackRock a $5 move that's less than 1% and Posco Holdings a 5% that's a $5 move to the downside Of course I want to look at what you want to look at so what do you want to look at well let's start like we have lately Let's take a look at where we're at with regard to market breath so with regard to market breath we're going to start with the 30 minute time frame 30 minute time frame here this for the S&P 500 125 above 198 below above what above profile above resistance below what below support the bottom of profile market breath for the S&P 500 is bearish let's take a look at the end the X100 out here momentarily we have that up on our screen and I don't know I'm going to assume anything you've got 29 above 37 below so for the 30 minute time frame market conditions from a market breath standpoint are bearish now we take a look at the other four time frame 16 minute 240 daily weekly what we're going to see out here is just extreme bearishness if you will each of those dial speed dials that we take a look at our in the negative position the bearish position if we take a look at the Nasdaq 100 we've got the same thing so we know that market breath across the board right now is bearish that says watch any of these counter trend rallies because at this stage here they should be sold into but we want to take a look at the bigger picture of the market as well because we are in oversold conditions how do we know that what we take a look at that advanced decline Osler in the New York Stock Exchange what we'll see is that got down to the minus 150 level did that on Thursday when we were last together right now you're trading at 138 out here so at some point in time you've got to expect an oversold rally to take place is it right here right now I don't think so but we'll take a look at other charts to try to figure out when that could or should happen out here if we take a look at the equity future contracts out here this is important because on Friday what we got from the S&P 500 via the ES mini is a change in trend let me get rid of the A to B equal CD pattern that'll make it easier to see what do you mean we got a change in trend signal on Friday Stevie well if you take a look at this now this is my synthetic version of the contract out here that way it allows me to stitch together all prior contracts in a better way than if I were to use the continuous this allows me to take a look at market profiles now sometimes these market profiles are often they're slightly different than if I were to take a look at the December contract is an example doesn't matter they still work out here and if you take a look at those blue arrows out there you'll see that on the move up since March of 2020 out here again we're looking at a weekly time frame you can see that all the pullbacks found support at the bottom of those weekly profiles now when I say all I'm referring to until the market topped out here in the December of 2021 then what do we see we see that the month or the week of January 17 the week that began January 17 we saw a close blow that gave us our change in trend signal out here and that's what took place on Friday doesn't mean we don't get bounces in fact if we were to get a bounce the ideal bounce to really sell into from more of an intermediate term standpoint that is if we believe that the market is going to have much lower out there would be selling at about the 4483 level that is a center of the bullish structure weekly profile as calculated using Stevie's synthetic symbols out here now we take a look at the equity future contracts from a daily standpoint that was just it's only the yes many that were focused on with regard to that change in trend signal we take a look at the daily time frame for the yes many what do we have we have an A to B equal CD to the downside that one to one price projection is 4310 so we'll keep that in mind as we because we will take a look at the other tools that we use out there such as the TD nine count patterns roads meant to mitigate her signals and we'll look at those for the daily time frames with regard to the NASDAQ the NASDAQ is where you could really see that counter trend move that over sold condition rally from why because right now it has not passed it has not closed below its key swing point on the ES the Dow the IYM the Russell 2000 they each happen not the NQ we know that the NQ can pull markets lower and they can also pull markets higher so what we're watching for there is 14792 75 the low so far today has been inside the NQ has been 14782 25 so that level has been tested at swing point do we get a test and rejection if we do that could be the signal that we're getting ready for that little counter trend rally out there if we take a look at the Dow equity future contract you can see that on Thursday Wednesday of last week on a Thursday of last week that generated the A to B equal CD down pattern you got follow through on Friday we're trading below Friday's low right now it's one to one price projection would take us down to about 337 40 now when I give you these one to one price projections that doesn't mean that's exactly where price is going to turn around from that's just the first level of that price projection area inside the Russell 2000 week even though it's trading just slightly higher today you can see it's confirmed A to B equal CD to the downside and that first initial price projection is at 1766 40 so that's what we see when we take a look at these charts out here let's go flip over we'll take a look at Stevie's other charts so give me a moment here we'll get over to that that's the where did I put those daily equity future let's go ahead and change screens out here and momentarily what you'll see is my white background screens what you want to pay attention to there are going to be the TD nine counts what you'll see is today is going to form bar number seven for the ES again Q for the Dow and for the Russell 2000 so we've got A to B equal CD down patterns inside the ES the YM and the Russell 2000 not just yet inside the NQ perhaps what it's going to be it's going to be a TD nine count bottom pattern the earliest that that could form would be tomorrow it'll be between Tuesday and Thursday so I would say we need to prepare between Tuesday and Thursday at this stage for a potential counter trend move to work off that oversold condition inside the equity markets Steve Rhodes with TFN and we'll be right back adding stock options to your portfolio can be a major game changer but the full complexities of these instruments can oftentimes allude even the most experienced traders whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market Teddy Kextat is here to help on Wednesday September 27 from 4pm to 5pm Eastern time Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads Teddy will also go over how to trade stocks and other market movements without large capital allocation how to expand portfolio diversification how to maximize potential returns basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live if you're serious about making money in this market head over to the front page of TFNN.com today to sign up for Teddy's live stream 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 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 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 free at 1-877-927-6648 internationally at 727-873-7618 the other US indices other than the New York Stock Exchange up slightly out here we're going to go take a look at the IWM this for Dizzle inside the Traders Den out here and if we take a look at the IWM first thing you'll notice you'll see that A to B equal CD to the downside it's both on the daily and the weekly out here I'm showing that on that center chart the weekly chart so the one-to-one gets us down into well let me see if I can actually give you the exact number here IWM the first price target is $175.05 $175.05 I would be the one-to-one price projection level you are also in bar number eight so we just took a look at the US equity future contracts we saw that each of them were forming bar number seven today when you do get to bar number eight which we have right now in the IWM 90% of the time this will go ahead and complete ATD 9 count now you've got to get bar number nine order get bar number nine price got a close below the close of bar number five that seems like a likely outcome out here but you never know inside these markets in order for that to happen that means that next week you would need to see a close below what can I pull that up there we go a close below 183.92 out there so on a weekly basis it says okay prepare for some type of potential bottom out there that bottom not forming until this week or possibly two weeks out from now now we look at the daily time frame chart remember we looked at the equity future contract we'll see bar number seven also forming today we're trading below yesterday Friday's low out there so this is not a bullish signal or what have you just this little rally that we've got at least not that Stevie sees and on a monthly time frame chart you'll see that price is pulling back into its bullish structured support area between 170 64 173 82 so I would say right now at this stage here either you get a bullish reversal candle and if you get that that would then confirm and a to buy the D point pattern short of that you'd want to wait at least for a TD nine count and that cannot take place and get it till between tomorrow and really Thursday it's between Tuesday and Wednesday that's going to be the key levels out there but much if we do get a successful bar number eight that means a lower move tomorrow out there as well then we could be getting towards where we would see this little counter trend rally to work out these oversold conditions out there so that's the review of the IWM now if we take a look at a 30 minute base out here some looking at the equity or I'm looking at the actual IWM not the way equity future contract out here what we'll see as we do oops I deleted it okay skip that well maybe I didn't delete let me check one thing here that was pretty smooth wasn't it let's try this is that pulled up there we go so if we take a look at the IWM for its 30 minute timeframe out here what we will see is we did generate or it did generate a roadsman to mitigate her bottom at 10 o'clock but all price was able to do was really get up into its profile level its resistance zone between 177 27 and 177 61 so in order for the IWM on a 30 minute basis to get any kind of legs out there the sellers obviously they're sitting between 177 27 and 177 61 out there so price got a close above 177 61 for any rally to have any kind of possible legs we're just looking at that 30 minute timeframe chart as we speak right now so Dizzle I hope that helped you out with regard to the IWM it's a twofer out there because Dizzle also wanted to take a look at the 30 year treasury so we take a look at a 30 year treasury we see if I've got this on my other screen just to get a better overview of what it's doing out here I don't have it but I can I won't pull it up I don't need to at this stage so let's go take a look at how Dizzle is interested in short term trading out here so if we take a look at the 30 year treasury we look at the daily timeframe we'll just simply expand the start out looks like we were talking about a lot of TD9 counts today and in fact we are so here what we'll see is 30 year treasury today is going to form bar number 8 of a TD9 count so that says we could see some type of bottom between today and Wednesday out there now what we can see is we're trading below Friday's low out there so that's not a bullish signal we didn't even in the rally that today we didn't take out Friday's high at all didn't even get up to Friday's high out there and we're trading below that red oscillator and change line that is a bearish signal the longer term picture is that the 30 year treasury wants to head lower how much lower quite a bit lower but again I'll try to pull up those charts maybe we'll come back if we don't do it today we'll certainly do it tomorrow out here so what do you wait for well that's the daily timeframe chart let's take a look at what's going on on the other charts out here remember when you get towards a bottom pattern on a larger timeframe you like to get confirmation of that bottom in the shorter term timeframe chart you'll start seeing the turns in the shorter timeframe chart so as an example because this is a short term trader out here let's just look at a 10 minute timeframe chart out here so the 10 minute chart shows what it shows wave number seven that's courtesy of Basil Chapman shows a road's mid to indicator bottom and shows a rally with inside its profile level so diesel one of the things I would suggest if you're trading this stuff in today go ahead and get a subscription to the TAS market profiles out there they're going to assist you with understanding perhaps why price stops where it does or why find support where it does because we're the buyers and sellers so if you're an intergrate trader I'll tell you the TAS market profiles are totally worth it they're totally worth it anyways but certainly on an interday basis you'd certainly want to get access to that so right now we just see a little bit of a bottom and a consolidation with inside of profiles nothing more there let's go take a look at some longer term charts well geez longer term on a 10 minute what would that be 15 minute chart out there what do we have we've got a road's mid to mid indicator bottom we've got prices consolidating with inside of its profile 30 minute time frame we've got a negated TD9 count bottom and that says we had a TD9 count bottom that formed right here at 10 o'clock and guess what at 10 30 that was toast negated that signal that tells about strong momentum moved to the downside what could change Stevie's picture out of 30 minute timeframe we would be closing above that red oscillator and change line 60 minutes got a TD9 count out here so the 60 minute we'll complete bar number 9 at 12 noon now that pattern will not complete until 1pm because that low can take place on the bar following bar number 9 but there's some potential there there's some potential on the 120 minute chart which also in bar number 9 now this candle right now as we speak well this will not complete until I think it's noon let me make sure you got 12 noon out there so that says you could get some type of short term bottoming signal but those around those intraday charts out there you really need that daily chart if you're going to start trading the 30 year treasury to the upside you've really got to see a bottoming signal on the daily time frame and I'm afraid that we really just don't have that as we speak right now at 11.25 in the morning so my suggestion now if we go take a look at the larger time frame think I still have those charts up we'll switch over to those screens out here yeah we do and here you're going to be able to see that monthly time frame chart so on a longer term basis monthly chart is going to negate a buy the D point pattern or it looks like it will all it needs to do is close below the low from October the month of October of 2022 out there right now we're well below that area so this is suggesting a lower price on a weekly basis you'll see the A to B equal CD to the downside that doesn't complete until we get towards the 107 level now let me expand this out a bit what we can also see out here though is we are in wave number seven that is letter G out there on a weekly base that says you can't get a confirmation of that wave seven pattern until the end of next week because you have to have a higher low out there but it's got potential you've got a road to the indicator signal it's also present I would prefer a weekly bullish reversal candle to suggest any kind of a bottom we already took a look at the daily no reason to go anywhere else out there so a longer term everything is still driving to the downside out there be careful on any of those inter-day trades and if you are placed those inter-day trades go out and get that task market profile tool out there so does all hope that help you out with both the Russell 2000 and the 30 year treasury we get back from this breakout here we're going to go take a look at Goldman Sachs that's for Dan inside the Tigers then of course folks I'd love to hear from you as well 877-927-6648 or send me an email send that out to Steve at tfn.com as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at tfn.com 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 tfn you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either tfn airs live financial content streamed live on tfn.com and tfn 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 tfn.com or on tfn's YouTube channel and become the investor you were born to be tfn educating investors adding stock options to your portfolio can be a major game changer but the full complexities of these instruments can oftentimes allude even the most experienced traders whether your season trader looking to sharpen your knowledge on options or you're completely new to the market Teddy Kekstat is here to help on Wednesday September 27th from 4 p.m. to 5 p.m. Eastern time Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads Teddy will also go over how to trade stocks and other market movements without large capital allocation how to expand portfolio diversification how to maximize potential returns basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live if you're serious about making money in this market head over to the front page of tfn.com today to sign up for Teddy's live stream tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV folks say before we take a look at Goldman Sachs we're going to go out to Orman Beach and speak with Mike Mike thanks for calling thanks for holding how are you doing today Steve I'm doing great I'm looking at GM our daily chart and as of now it looks to me like we have a piercing signal what are your thoughts about that do you think we have a good tradeable bottom and GM so what we have on GM right now what it's also doing today Mike it's testing that swing point I'm sure you're aware of this testing that swing point from September 7 now that swing point had volume of about 12.2 million shares so far in the first two hours of trading we've done 2.3 million shares so if we just multiply that times two and a half out there we're not going to be lighter volume in testing that swing point and that's a bottom pattern that it was that was a roadsman to indicator bottom that was formed back on September the 7th so you've got a swing point that's being tested and appears to be rejected now we won't know till days end right in order for this to be rejected you've got to see a close above 3262 today we're 3287 and it's trading into the bottom of its daily profile so for me it's a little bit too early if the if the market were to close a minute from now I would say the answer to your question is yes it's tradeable with the choppy market ahead with resistance at its profile levels those are distal profile level so at the bottom I don't if I gave you that but let me just give you all three of them the bottom is 3282 so you'd certainly like to see a close above that on top of the rejecting that swing point you also then if it were to do that then where you've got battles Mike is at 3323 and 3363 your price can clear 3363 what you'd be looking for is how is it trading in that September 15th swing point that's where it's got letter B on my screen out there that's September 15th swing point has got about 20 million shares so you'd want to see price pushing into that if not you might just have sideways action out there right if we take a look at the daily time frame chart you and I we can draw in a sideways consolidation pattern right now so no idea whether that's going to break enough but the consolidation is pretty easy to see we could just I'm just going to roughly draw it in here right now so that's what we're looking at so you know so is it a tradeable bottom it appears that it is is it a tradeable bottom is going to take it much much higher that I don't know if we take a look at the so first before I go to the weekly or anything because your specific question Mike was about the daily time frame what what additional questions are now posed in your mind after that review at least on the daily time time frame yeah I'm Steve I was expecting it to you know possibly bounce from here at least up to your escalator and change line okay and take it you know evaluate it at that area and then take it from there that was that was my plan of course with a very tight stop okay so what what what Mike would be looking at he'd be looking at the weekly chart you'd be looking at the oscillator and change line there we can see that's up at 3375 we can see the last two weeks found resistance as price got into that area so yeah we can call this a tradeable bottom of course you want to see it still close above that swing point so you can close it out at the end of the day if it closes inside that swing point otherwise yeah I would say move up towards that 3375 level would make some sense now General Motors on a 30 minute time frame just help add to our analysis here we can see that you also ask what's today's candle so far piercing candle it is but I don't think whether it's a piercing candle a blows candle or not today is that important it's more about rejecting that swing point I would think any closing about you know closing at least inside that market profile now the 30 minute time frame shows that prices trade above its profile level so this is suggesting to you and I that we should see a further rally out here at least based upon that 30 minute time frame chart so Mike any other questions or anything else that I can assist you with with regard to General Motors or anything else for that matter. No that's it I just I saw this and I just wanted your opinion to back up my opinion so thank you very much. Sure so the last thing I'll share with you here if you do get into that trade if we just take a look at the consecutive days up consecutive days down right now you and I were interested in the consecutive days up over the last couple of weeks out here you've only gotten you've gotten two three bar moves and two two bar moves out there. So I would expect that this rally doesn't last a whole lot longer maybe gets up to that price target that you were looking at at that thirty three seventy five is area. All righty. Thank you very much Steve you bet that was Mike in Orman Beach folks I'd love to hear from you as well eight seven seven nine two seven six six four eight. Let's go take a look at Goldman Sachs is for ABCD inside the Tigers Den so we'll pull up that chart and what Dan is looking for he's looking for a longer term trade out here notice a longer term I'm referring to maybe about one to two months. So as we take a look at Goldman Sachs what do we know. We know the Goldman Sachs formed a sell the D point pattern. It formed that pattern right here on the trading day of September the 19th you can see the A to B point and then this was more than a one to one move. Well the A to sell the D point pattern closed on Thursday of last week below the bottom of its profile. The Bob that profile was three thirty three ninety three. It also closed below a red oscillator and change line out there. So conditions on a daily timeframe for Goldman Sachs are bearish. The question is where is price going to find support. Well then it turns out that one support level could be three twenty five twenty one. That's the center of its bearish structured daily profile. The reason why that could be could be support is questionable whether that support or not. It's more than two consecutive days above that. Then price pulled back and broke through that back on the week of August twenty fifth out there. So how reliable is that as a support area. Well it's still a profile where you have both buyers and sellers that exist out there. It's got potential but we need to see something more than just that on a monthly basis Dan you've just got a good old fashioned consolidation with inside its profiles right now. That's between two ninety one thirty two and three fifty eight seventy three. So back to the daily timeframe. What's the daily timeframe doing right now with regard to Goldman Sachs. So far the volume to the downside today is about two hundred seventy one thousand shares. So my eyes right now are on this swing point out here. The swing point that I'm referring to is from September the sixth. That's one level to be looking at. We can also see that the swing point that's really the major swing point is down at August twenty third. So those are levels so August twenty thirds high out there. Let's pull that up three twenty two forty five. The other swing point out here the high of it is at three twenty four fifteen. So those are areas to watch. Now that swing from September six did volume of two point one million shares. The swing point from back on August twenty third did one point four million shares. So far today again two seventy four. So it's pulling back on light volume. Ideally what you do is at least get a test of that swing point from of the high of that swing point at least from September six if you get down you test the three twenty four fourteen level. You do a lesson two point one million shares that could be it would be a rejection of price that could be a buy point out there because you would then still have a higher low out there. That's what the daily time frame chart is signaling to an eye. What else can we find out about Goldman Sachs with taking Goldman Sachs here. What we'll see is that we've had four consecutive days to the downside out there. So if we do get a rally today how long should that rally last we can see the last two rallies out here Dan off its bottom off its recent lows they lasted for three consecutive sessions out there. So if we do get that higher close today what we're looking at is potentially a rally of two to three days out there. That's with regard to Goldman Sachs. What else can we find out. Well let's take a 30 minute time frame chart see if there's any kind of a signal out here on a 30 minute basis for Goldman Sachs what you've got is a roadsman to mitigate or bottom that took place at ten o'clock this morning when it generated that bullish hammer candle and price closed by the top of its profile that's at three twenty eight thirty one Dan that suggests that price would run up to the three twenty two forty three but you're looking for the two to three month trade out there. Right now I'm looking at is this being a possible counter trend move. Maybe maybe I'll tell you what we'll take a look I'll see if I can get any seasonal data for you and we'll take a look at that when we get back to this break. Steve Rhodes from TFNN. You might think that if you want to be a 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 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 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 866-4767-523 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 and LAC this program has brought to you by Vista Gold traded on NYSE American CTSX under the symbol VGG welcome back folks we are taking a Goldman Sachs and Dan unfortunately I don't know why but the seasonal data for Goldman Sachs isn't there I don't have anything there to provide but your comments here inside the Tigers Den if we do get a bounce the level of the sell into which is what I'm looking at 332-333 range. 332-18 right now is at oscillator and change line. And 333-93 is the bottom of that daily profile. So that would be your resistance zone to sell into. Maybe we get that two to three day bounce out here inside of Goldman Sachs. And so you can also use that daily consecutive moves higher as well to try to tie that in. So I hope that helps you out. And I think so much for the request out there. The next request coming in from Bogart Dog inside the Tigers Den. And Bogart Dog would like to take, like to take, look at Eli Lilly. Ticker symbol here is L-L-Y. As we take a look at it right now, what we know is that price a couple of days ago, that was on Thursday, got back and tested and rejected that breakout level 543. So this formed a TD9 count top that pulls back to a key level of sport that has held. There's no bottom signal there. And Bogart is trying to add to his position. Sometimes pulling back to a breakout level is in fact a buy point. So you're looking to add that 543 level looks pretty good. Now, you're in bar number seven, like the equity markets are out here, right? We're saying that a TD9 count pattern could form between tomorrow and Thursday out there. So what I would do, and Eli Lilly is saying almost the same thing. When I say almost, the reason I say almost Bogart is because right now the low of this pattern is on bar number five. That was from two days ago. So price must spike below that. Well, really, it's got to do a couple of different things. So at first, it's got to spike below that level. So let me give you that. That's 542.50. The second, this is bar number seven. Bar number nine. So that's a couple of days from now would have to close below this low out here. And that's 550.13. This low being from September 21st. So I think you've got to sit tight for a couple of days. Watch how the market plays out. Watch the equity markets as well. It would be ideal because you're trying to add to a position to get a TD9 count bottom pattern out there. And again, that's going to require some additional moves, lower spikes, lower out there. So now I don't know that that's going to be the pattern that's going to form. But I think it is more appropriate to try to tie in a long position here inside the equity markets as well. But remember, it could just simply be just a counter trend move out there. What do you mean it could only be just a counter trend move? Well, it could be or it couldn't be. So let's take a look at this here. Actually, let me put up Eli. Let me see if I can get information on Eli Lilly out there. I couldn't get it on Goldman Sachs. But how about Eli Lilly? There we go. So we do have Eli Lilly. So take a look at its seasonal patterns. As far as data, we've got 21 years worth of data for Eli Lilly. Now, we know that Eli Lilly struggles in July, August and September out there. Those are it's kind of the three worst months out here. February is not really that great as well, at least over a 51 year period. So if we take a look at this in September is always pretty poor. Now, what this suggests though seasonally is that that bottom from a seasonal standpoint doesn't really come in until the October timeframe. Here's around October, the 26th out there. So maybe because you already have a position, you just consider this as well. So what's going on in the general markets out there? Well, if we take a look at the general markets, by general markets, what I'll do is I'll use the S&P 500. So we take a look at the S&P 500 out here, we can go back a total of what 95 years. In 95 years, what we can see here for the S&P 500 to September is horrible. But what we also see is that it typically forms that bottom in mid to late October out there. So from an ad, ad standpoint, because I take it this a longer term trade, you may want to just sit on your hands for a while out there. So I hope that helped you out. Bogart Dog with regard to Eli Lilly. Thanks so much for the request. Let's go to our caller. That's John and Philly. John, thanks for calling. Thanks for holding. How are you today? I'm doing very well. Thanks for calling. You have had a busy month just passed. What was it one last Friday and trip just before that? But my wife and I are looking forward to no travel. We've got one more thing that we are going to do a couple weeks from now to not necessarily coming week, but next week. And then we'd like to just not be in an airport any longer. I'm not holding my breath on that one, my friend. We'll see. We'll see. We're tired. We're tired of travel. We're tired of travel. But last night was just a terrible flight. So we're just we didn't get back till really late but early this morning, actually. In any event, I know you want to take a look at silver. So let's talk about that. Tell me what you're doing and how I can best help you. Actually, I did call to ask you about silver. Oh, sorry. I think with your man, Al, I asked about the E-mini S&Ps, but you've gone through and described what you're seeing on the index futures. Yes. And you just you just share the seasonal tendencies. Yes. That would all point to being aware of the possibility of a bottom forming sometime in the next weeks. Yes. So so we can tuck that one away in that context. But what I wanted to ask you, Steve, now that you've been back a week from your global travels. Yes. And I asked this question to you infrequently, but here it goes. Are other than the stock market indices, for the reasons you just described, are there any other markets look that you're looking at either topping in here or bottoming in here that would offer potentially good multi-week trades, you know, looking ahead the next four to eight weeks? That's my question for you. And it you certainly may have nothing, but I thought I'd ask it nonetheless. Okay, so let me ask you this, which soybean contract would you be trading? If I were to, because I'm because that's where I'm going to go. You're asking about any market out there. And I do recall looking at soybeans having formed a TD nine count pattern. So if we were going to go into soybeans right now, which contract would you trade? November November contract. November contract up to October 20. Okay, so let's go take a look at the November contract out here. And what we'll see is that today, I'm just going to simply expand this out. So the potential trade that I see right now, and I know you like to trade soybeans as well. So you probably were already on top of this is that today is going to complete a TD nine count bottom pattern. So what we'd want to see out here is we'd want to see on the interday charts, we'd want to see some type of bottoming patterns, serve an interday chart standpoint, I'll just simply go to a 30 minute chart and a 30 minute chart confirmed a roadsman to indicator bottom at 11 o'clock. It's now 1149 out here. So you've got one potential there, the 60 minute timeframe chart looks like by 12 noon will also confirm a roadsman to indicator bottom on the two hour chart and on the four hour chart and on the five hour chart. All of each of those just simply need bullish reversal candles to confirm a bottom out here. So I would say, John, I would take your work that you typically do. And I would focus in on the soybean contract, the November soybean contract, because at this stage of the game, it has potential. Now you trade soybeans often and as well. So knowing that at least with regard to these patterns, what caution do you see as far as trading soybeans right now trade this contract? Now, there's no I think it's interesting you should pull that out. And as you surprised me, I did expect that would be your answer to my question. But now that you've given it, as I say, it does not surprise me right to right now, you know, some point there. Yes, we are in the moment in time, when we are under maximum harvest selling pressure. So they are coming out of the field right now. Okay. And we're kind of and it's this time of year, especially when a market is declining. It's very, it's very common looking over the span of 2030 years to see bottoms form right in this time frame. And in fact, when you show that daily chart on that no vermin contract, there's no caution whatsoever. We're going to break hold on for a second Steve Rhodes with TFN and we'll be right back. Adding stock options to your portfolio can be a major game changer. But the full complexities of these instruments can oftentimes allude even the most experienced traders. 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TFNN 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 Tigresses 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 TFNN.com. Welcome back folks. We're taking a look at soybeans out there as a potential trade. John, are you still on the line? I don't think so. Okay. So let me add one thing. So we take his understrand, his great fundamental analysis of what's going on inside the commodity markets out here. And I said that we're in extreme selling pressure. And so we're taking a look at a bottom. Now, this is the 32 years worth of data for the soybean contract out here. We can see that it typically bottoms right around the October second time frame. What's today? September 25th. So we don't use these right to the T. We use these as more of a guideline. So at the same point in time, when soybeans typically bottom historically, at least over 32 years, we've got that bottom signal. Let's go take a look at the Palantir PLTR. This is for S&P inside the Tiger's Den. It's looking for a buy point. So the issue here that you've got right now with Palantir, no bottoming pattern, you do have test of swing point. So the swing point out here that were it price tested last week was from August 18th. That swing point had volume of 70 million shares, and it was tested on Wednesday last week with 73 million shares. Typically, when you test a swing point, we're still trading inside it right now with volume. Even if you don't bust through those lows, you'll retest that swing point again. So your potential of a buy point is going to be that swing low from August 18th, and that's at 1368. Now, here's the issues, S&P, your price closed below that level, that 1368 area. It's going to trigger an A to B equal CD to the downside that's going to take us much, much lower. Now, we look at the weekly and the monthly charts out here, we're trading below profile. So it's trading below support areas out there. So longer term with Palantir, he was pushing that swing point with volume just didn't bust through it. Maybe what this is really doing now that we're looking for a buy point is getting ready to set up an A to B equal CD to the downside. Folks, stay tuned for all the great programming. I'll be back with you tomorrow on terrific Tuesday. Please have a magnificent and marvelous Monday. Thanks for being here. Take care.