 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks. Welcome to the October 10th, the terrific Tuesday 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, well 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, 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. Would love to hear from you at 877-927-6648. Now, if you've got a question, but you can't call in, you can send me an email. Send that out to Steve at tfn.com. This is the subject heading, please put radio show question. Now, if you're inside our Tiger's Den, well then any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course this is Tiger, financial news network. I'm Steve Rhodes. Welcome to the show. We got a sea of green out there. You've got all the sectors within side the S&P 500 trading to the upside. You've got all the U.S. indices that we track trading the upside. About seven tenths for the Dow, 220 points. Nine tenths for the S&P, 39 points. A little over 1% for the Nasdaq 100. 152 there. Russell's up 1.6 tenths percent or 28. The semis are up 1.7 tenths percent. That's a 58 point move there. 207 for the trannies. Gold is up $6. Silver is up 7 pennies. Natural gas is up just a smidgen. Lights recruiters off 80 cents. 30 Treasury. Printing down eight ticks. Six ticks at 111.27. Now leading in the charge, dollar wise, the upside, we've got Mercado Lee Ray. About a 2.7 tenth percent move. 33 bucks. Super Micro 25 bucks. 9% monolithic power. A little over 3% or 15 bucks. Over 2% for Azmi Holdings. A Broadcom 1.5% move. That's about 13 buckaroonies. To the downside, it's a caro therapeutics off 67% $32 move. Ventech's bioscience is off about 27% nearly $8. Grainger worldwide off 7 bucks. About 1%. 89 bio down 37%. That's about $6. Northrop Grumman giving back 5 bucks today. That's a 1% move to the downside. So where do we begin? I tell you where we begin. Let's go take a look at where are we at market breadth out here as we take a look at analyze the market. If we take a look at the S&P 500 30 minute chart bullish 207 205 above 97 below profile above profile in the NASDAQ 100 is 40 below 14 30 minute time frame. It is bullish with regard to a market breast standpoint. If we take a look at what's going on the other four time frames, that'd be the 60, the 240 daily and weekly. Let's get over to that dashboard and here we're going to see the S&P 500 bullish for the 60 bullish for the 240 and on the daily it's close. It's 126 above 142 below. Let's take a look at the NASDAQ 100 NASDAQ 100 bullish 60 bullish 240 bullish daily weekly is very close to a turnover 24 above 27 below. So you'd have to say market conditions overall are pretty bullish out there. At least with the NASDAQ the S&P 500 is getting pretty close out there. So that's helpful to understand. What else do we want to know? Well, if we take a look at that New York Stock Exchange at advanced clinocenter, we've gone from that oversold reading. Now we are above the plus zero threshold level and maybe we're going to go target the overbought reading. That's right. You get to oversold to get down to minus 150, you get overbought when you get to the plus 150 11 out there 150 area out there right now we're printing out at 108 13. So something we'll want to keep an eye on out there. Marcus behave the same way to the upside and to the downside. It's a cool tool out there. Glad that you and I are using it. If we take a look at where it's priced trading in relationship to the perigee pivot point well inside the ES many it's above it inside the NQ it's above it. Goldilocks needs to get to 1893 80 and lights we crude it's pivot point is 94 43 when you're trading above it at least short term timeframe. It tells you to be long when you are below it tells you to be short or at least looking for topping patterns on the short side out there. What else can we share with you? Really not much else that spot volatility we talked about that during the 11am update the key level here to be watching today you're looking at the left hand panel chart is going to be 1608 that's very likely where price is going to target that's the spot volatility that is and the question is does it find support there if you find support there that kind of keeps the market on edge if it can close below it and certainly close below for two consecutive sessions says that we are in rally mode now with regard to that rally mode out there you've got to pay attention to the fact that the ES many at the same time spot volatility is getting down towards the 50 day on a daily basis the ES many is getting up towards the top of it's where the sellers are located not that much higher today's high so far 44 950 whereas resistance is at 44 1650 out there so we're really close if we take a look at the Nasdaq 100 it's entered the cell zone the cell zone is an area because it's a barest structured profile that's 15298 to 15509 in the case of the Dow equity future contract now the Dow and the Russell both have by the d-point patterns I overlook the fact that they formed a four bar three river four bar river morning star pattern out there so every one of the daily time frames have by patterns out there TD nines are by the d-point patterns in the case of the Dow equity future contract price likely targeting the top of its profile it's at 34166 in the Russell it's 182480 a price begins closing above those levels well then we're headed back to other prices other prices being where stevo excellent question let's go take a look at those areas I'm not saying that's going to happen but here's what you could plan for here's what you'd be looking for if you look at the ES many a close above that 44 16 level will bring 44 45 66 a new play that's a courtesy of its TD nine count bottom pattern out there in the case of the nq it's price target if we can get above 15509 would be 157 1975 it's TD nine count breakdown level the case of the Dow equity future contract it closed above the 34 167 area is going to get us up to 35357 in the Russell 2000 any close above 182480 should get you to 1892 70 so that's the overview for the daily timeframe exactly what price is trading into where the potholes are at we're basically getting into that zone as we speak right now let's go oh shoot I didn't switch panels I didn't switch panels okay good at least I did that now let's take a look at maybe intraday out here and we've got Goldilocks it showed up first that's okay let's go take a look at the ES many because ES many is one that is approaching the resistance level first that being the top of its daily profile when price starts approaching either support or resistance level in this case here we're looking at resistance we are looking for we are looking for short term tops to show up on our intraday chart so we're waiting for this to populate we'll immediately look at the three hour chart the five hour chart that is 300 minutes as soon as this thing here populates come on come on baby there we go it's taking this time I guess I've got just too much open up out here open up out here that's beautiful so now we take a look at the five hour chart we don't have any kind of a topping signal price above profile that suggests you move up to that 4416 level 240 minute chart no topping signal suggests moving up to 4416 two hour chart you had a td9 count top you you do have wave number seven that's in place out here we'll finish take a look at the intraday charts for the ES many as soon as we come back for 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 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal Chapman and your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors steve road started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve roads is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 so it looks like we're going to get a chance to see how those sellers uh the strength of those sellers are in the es many up at that 44 1650 level that is the top of that daily profile we've got the a two-hour chart we've got many of the intraday charts up on my screen out here we are in wave number seven inside the two-hour chart but the current bar that we're in doesn't close till noon is my recollection let me make sure yeah that is noon says you couldn't get a confirmed wave seven top until 2 p.m. you've got to have a lower high out there but you do have a negated td9 count pattern that is for sure and that suggests higher price on a 60 minute basis no topping signal we know that's also bullish from a market price standpoint the same thing from a 30 minute chart inside the es many now there are a to b equal cd patterns that are present so let's just take a quick peek at that we're beyond i believe we're beyond the one-to-one but let's just make sure of that so i'm just going to move this over the a to b line over to the c point out there give me a moment we'll try to pull that over so uh no okay we're not up to the uh to that completion so we're getting very close which looks like it takes us about 44 16 as well now just because you complete a one-to-one move does not mean sell that now the gods are favoring um that this would be a time to consider selling but you really want to see at least some type of bearish action at least on an interday chart i mean at a minimum you want to start seeing on a 10 minute chart price closing below the bottom of a prior candle out there we do have a td9 count pattern on a 10 minute basis it's going to complete in one minute out here at 11 20 so at least on the 10 minute basis let's watch on the 15 minute basis it's in the process of negating a td9 count bottom that would happen at 11 30 if in fact it closes above um 4409 50 out there so the only topping signals per se out here the 30 minutes gotta wave seven pattern just needs a um a lower high to confirm to confirm a lower high in order to confirm that pattern um so it's got potential we're approaching we are approaching the uh we're approaching the zone out here where you should start to see the es mini start to pull back no i've been gonna put up my five minute time frame chart so we're really getting pretty granular here and on a five minute basis patterns work the same way uh what we have here is also a wave seven uh that just simply needs a lower high in this next five minute session so this one just uh completed out here let me just update this it's got a road's meant to indicator sit no it doesn't have that it's just got a wave seven top now the key area here on a five minute basis if we are going to see any kind of a turn and churn and burn you'd have to see it close at least below that oscillator and change on that is currently printed at 4406 it's going to go up and down by a tad out here but we are at that point where we should begin at least see some kind of a pullback or retracement based upon the es mini getting up into that resistance on the top of its daily profile so we'll check back in later on in the show why don't we spend some time and take a look at the requests that have come in i believe we've got five of them so at least let's get to those the first one coming in this morning from vick and uh let's take a look at nvidia and the question is is nvidia did it form an a to b equal cd pattern so i've got the a to b equal cd pattern drawn in here the swing point that you would be using was from october 2 the volume on that was 43.3 million shares this pattern uh that swing point was crossed a couple of days ago with 43.4 million shares 43.4 versus 43.3 so i guess in one shape way or form out there it is a confirmed a to b equal cd to the upside however this is a big however if we take a look at nvidia today is going to complete its td nine count topping pattern that's going to occur on the bar following bar number nine that says pay close attention to tomorrow's action out there a price close above today's high whatever that is that is a strong upward momentum move and then that a to b equal cd pattern that you had reference should complete now i'm not saying that's going to only complete at the one to one in fact i would say it likely heads higher than that because that retracement that b to c retracement although i don't have that measured here that is certainly less than a point uh point six one eight in fact it's a 45 retracement i just looked at another screen of mine that typically would lead to a more than a one to one a to b equal cd pattern to the upside now in the case of nvidia this could be setting up if it's because the a to b equals cd pattern if it goes on to complete that gets up towards that 470 441 level and then we generate a bearish reversal candle that would be a gartley cell pattern inside of nvidia and on a weekly basis you've still got a road's momentum indicator top price is simply consolidating with inside its profile completing that one to one still keeps it basically with inside that profile very close to it out here you've got a t nine count top uh and road's momentum indicator top on the monthly time frame so nvidia just suggests that we should be careful out here and i would watch really tomorrow's action out there inside of nvidia so hope that that helps y'all pick with regard to both the a to b equal cd pattern and the other patterns that are important to be observing and watching here with regard to nvidia coda inside the tigers then wants to take a look at ticker symbol tpl so tpl trading right now at about 1852 dollars this question is is a time to add based upon the weekly chart out here so here's the thing that i i'm taking a look at with regard to tpl the first thing is prices that had the swing point out here coda and i'm sure you're aware of that that swing point from 9 11 the swing point from 9 11 did volume of 33 000 shares when that was tested and it was tested out here on the trading day of october 2nd it was with 36 000 shares that was 36 000 shares going against 33 000 shares so typically when you test a swing point with more volume price will get back there and test that low hasn't done that if and right now price is still trading with inside that swing point out here and that swing point high is going to be 18 54 14 we're trading 18 5263 out here so i would say that price has to close above that swing point to get us into some kind of bullish mode out here at least that it's rejecting that swing point area so we're still trading inside there and it just becomes a bit complicated now price yesterday tested rejected the top of its daily profile that's at 18 34 55 but close above that would be nice however you're still dealing with that swing point high and that's what i would first be watching out there the price can close above it there were above resistance levels and what it tells us is a price should at least get back to test its prior swing high from the trading day of september 27 and that would be between 19 14 and 18 58 57 out there by look at the weekly time frame chart there was no topping pattern that i could see all we saw was price pulling back in testing it's also done change line that had changed from red to green that is a bullish signal out there now just because it's bullish doesn't mean there's not any battles there is a battle here coda and that next battle on the weekly chart is up in 1960 but if you're asking me did last week give you the signal on the weekly chart to add to the weekly um you know from uh add shares from a weekly standpoint the answer would have to be yes it would have to be absolutely positively yes so you got those battles that we have identified based upon swing points um out there and on the monthly chart the last thing that i can leave you with with regard to texas pacific land corporation it has resisted at 1962 82 if price can close above that you're likely off to the races those races being the td9 count top on the monthly time frame from the back uh from the month of november of 2022 and that would be in the range of 2274 all the way up to 2739 so coda i hope that helped you out with regard to tpl thanks so much for taking the time to put in the request we're going to switch over to the charts for intel but we're not going to review those charts till we get back this from nitram inside the tigers den nitran you can get a td9 count top today inside of intel today or tomorrow all price needs to do today or tomorrow well actually we'll come back because i do see something else i need to share with you about that td9 count pattern so we'll take a look at that as soon as we get back from this gold report 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 obrien 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 obrien's gold report newsletter now at tfnn.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 tfnn you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m. to 4 p.m. eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers is for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o brian and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den and discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com 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 dance tfnn.com then hit watch tiger tv good back folks so we're taking at the charts here for intel intc is the ticker symbol out here now this will form bar number nine of a td9 count as long as price closes above 35.93 today and right now we're in that mode now even though it will form bar number nine if it closes above that it still has to spike above that should be today or tomorrow 36.54 the high of the day so far has been 30 oh it did it 36.55 so all that you're now looking for you'd have a td9 count top out here at night tram that will complete tomorrow so it's going to form today as long as you get a close above 35.93 that pattern will complete tomorrow that suggestion that you could have a td9 count top that will pull back and at least test that oscillator and change line now if you close above this 36.54 level and you do with more than 45 million shares what you would get is an a to b equal cdt upside a confirmed a to b equal cdt upside so far the first two hours of trading or so you've done about eight and a half million shares so eight and a half million shares that swing point had volume if I didn't tell you 45 million shares eight and a half says you're coming in pretty light out there you know maybe that's 25 million shares to 30 million shares at day's end if this volume pays for to keep up so I'd watch that td9 count bottom why our td9 count top because if you take a look at the bottom that was a td9 count bottom that had formed out there as well so when you get those topping patterns out there what price should at least do is pull back to that oscillator and change line if you can test reject it because it's green that would be a bullish outcome out there what else can I take a look at on the weekly on the for intel out here well I can look at the 30 minute time frame chart the 30 minute time frame chart says pay attention to it why because this is going to form a td9 count top at 12 noon it will complete that pattern at 12 30 and that says that by 12 30 we ought to see intel begin to pull back now the first level of support for intel on that pullback would be about 36 46 below that 36 27 below that 36 08 and below that 35 64 out there so intel says caution will robinson because it could form a td9 count top today and complete that pattern tomorrow so nightram i hope that that helps out with regard to the analysis for um intel let's move on to the next request this comes in from hector and patty they want to take a look at ticker symbol i w o and the question is they're concerned about the light volume coming off of the bottom out there so we take a look at that i say the other thing to be concerned about out here first is first okay we can take a look at volume i think you've got that kind of nailed out here but price is also running right into potential resistance so that is the top of its daily profile the top of that daily profile hector and patty is 225 22 we're trading right now at 225 12 out here so 225 22 if price can close above that well then it's going to be closing inside a swing point from the trading day of september 29th that's when you had 715 000 shares you've done 180 today so let's just pick 200 000 times three that gives us 600 so you're moving to that swing point with light volume nonetheless if you close inside there and close inside there requires a close above 223 62 even if it's with light volume maybe you're going to test the top if it's with volume you're more likely to go test that top but nonetheless on a daily time frame out here and you do have a four river morning star that confirmed a rose mint eminicator bottom pattern out there um in a price can close above that uh taz market profile top at 225 222 well then it may be setting up sites at 234 68 the daily td nine count breakdown level now what you also like about the i shares uh 2000 growth etf for the russell 2000 is on a weekly basis it's going to complete that td nine count bottom pattern today and it did it where it did it at td nine count breakout support when this top by the way on a weekly basis with td nine count top seems likely that it's important to be paying attention to this pattern which i teach to you for free you just have to subscribe master in probability or certainly listen to all these radio shows that we do out here on a weekly or monthly time frame chart you just got a good old fashion consolidation with inside its profile so hector and patty should you worry about the light volume i wouldn't worry about it at this stage here instead you've got to worry about the sellers up to that 225 22 level out there but again if you can clear that and you're likely headed to 234 68 so as always thank you so much for taking the time to write in much appreciated let's go to our next request out here this is from uh rose casanova let's take a look at first solar out here fslr is the ticker symbol fslr right now trading out at about 151 44 and above its red oscillator and chainsline that's something we haven't seen since the trading day of uh september the eighth out there so that's a beautiful thing now there is a new profile that is formed the top of that profile it's hard to make out it's at 15409 so it's right behind that letter a so very likely that is where first solar is going to test its next level of sellers or resistance 15409 rose write that down in your pad of paper price can close above that then the daily time frame will be telling you that you've got a change in trend is that a possibility stevie the answer that question is yes why is that yes because you're going to get a td nine count bottom pattern or sure looks like you're going to get a td nine count bottom pattern on friday now the pattern won't complete until next week so you could get a lower low but you do have a td nine count bottom pattern that is going to form out here and if in fact in a daily time frame price can close above 15409 then first solar is onto something that onto something would be targeting the 173 65 to 17882 level out there so I like what we see with regard to first solar on a 30 minute basis pull those charts over here what do we need to see on a 30 minute basis to tell us that maybe first solar is out of the woods well you know what I would say I would say that first thing that it needs to close above is 150 to 50 so far the high of the day has been 152 41 152 50 a price close above that that's a td nine count breakdown level on a 30 minute time frame chart close above that based upon what we just looked at on the daily in the weekly time frame chart that would really be giving us a signal that you may have that change in trend here nailed with regard to first solar uh kassanova so watch 152 50 that's really the next area to be watching observing out there I hope that helps y'all with regard to first solar thanks much for taking the time to write in let's go to our next request out here the next request just came in so we can do that on this chart here and that is for ticker symbol pstg let's go see what pstg is as it populates and what it's trading at and the question is from Duncan Steve can you look at pstg it took a bump up in april from the 26th to 36th is peer storage okay is the name the it pioneer delivers world most advanced data storage technology and services it may do that but the question is what are what do shareholders think about that that's what we're going to go read out here so right now we can see that prices deal with a prior swing point it was a bear shooting star candle and that resistance level you'd like to see price close above today is up at the 36 fifth 36 22 area 36 22 year 36 20 as we speak right now it shows 26 on my white background screen the black background skin is more accurate so you're up at a resistance level now the volume on that swing point was 2.4 million shares today you're up with 1 million shares so you've got volume pushing into it even if price closes back below 36 22 odds favor you're gonna at least test that level and if you can close above it well then you've got a small a to b equal c d to the upside out there small because that retracement almost looks like it was more than a 7.7 86 retracement out there but we'll finish taking a look at um pure storage ink so as we get back to this break 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 and identifying price turns finding the peaks and valleys and 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 direction investments dot 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 four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks so we're taking a look at the charts here for pstg this is pure storage ink this is for duncan steve inside the tiger's den so a couple different things one that retracement i checked that retracement for you duncan during the break was 81.17 percent retracement so more than 0.786 so not really an a to b equal cd pattern in fact what could take place today a price in fact closes below 36 22 level it could be setting up just a very simple sideways consolidation pattern the consolidation pattern could look like this we don't want to we can't make that call until we really see what today's close is but it could in fact look you know something like this out there so you could be in a consolidating pattern or if price able to take out that swing point again that's that shooting star candle then what we would do is we go over and take a look at the weekly chart and we say okay the next battle then to the upside out here should come at about the 37.03 level at 37.03 to 37.33 and if price can overcome that 37.33 mark that's the weekly oscillator and chains on which is green that would say that this is going to make its way up to 38.65 now we like the price action on the weekly chart why because you had a wave seven rogeman dominicator top that simply led to a consolidation with inside that profile level a profile level running from 34.88 up to 38.65 we like the monthly chart the monthly chart has a rogeman dominicator top but price is found support at the green oscillator change line that says its conditions are bullish to neutral we'll go with neutral since it's got a top we're really kind of neutral on the weekly chart but we're not bearish that's the important thing out here so again on the daily time frame we need to see today's action to be able to make that next judgment call but you and we know that you're going to that swing point you know with some pretty decent volume again that's 2.4 million on that the swing point of that shooting star and you're already at 1 million today so you're going to be up and test that shooting star pattern out there I wouldn't call it a consolidation pattern your price closes above the top of that shooting star candle so Duncan Steve I hope that helped out with regard to PSTG thanks much for taking the time to write in let's take a look at our last request that we have so far out here that's coming in from G motion G motion wants to take a look at the apple so as we take a oops got to put up the actual apple charts as we take a look at apple what do we know we know that today will become bar number seven of a TD nine count that says that apple could form a top short term or otherwise it could form a top between tomorrow Wednesday and Friday of this week the top has to form a bars eight nine or the bar following bar number nine out there so we've got that in play inside of apple on a weekly basis what do we have well on a weekly basis apple confirmed a TD nine count and roadsman to indicator top that took price right back to its breakout level coming back to a breakout level can be a buy area and that was at 170 42 it turns out that in fact that was the case now in the case of apple it is trading above it closed above the center of its bullish structured profile last week and when you close above the center of bullish structured profile odds favor that buyers are going to be able to push price up to the top of that profile that's at 183 27 we could see the green off center and change line is just slightly above that so I would say at this stage here with being a bar seven out here G motion odds favor apple is going to go ahead make that move up towards that 183 27 level is there anything getting in the way of that well let's take a look at a 30 minute timeframe chart as a potential example and on a 30 minute basis what do we have we've got a negated TD nine count topping pattern but what we still have that's triggered as a roadsman to indicator signal that requires a bearish reversal candle if you were to get a bearish reversal candle G motion then on a very short term basis meaning a 30 minute chart you would have a short term top and then what we would see is price pull back and test support support levels right now and apple on a 30 minute basis are 179 16 178 64 178 30 and the final level of sport key area of sport would be 176 87 out there so as we see we take a look at apple all the charts right now are suggesting that it continues to move higher watch that 30 minute chart though that move higher should take us up towards that 183 27 mark so hope that provided with what you were looking for G motion and thank you so much for taking the time to write in okay bears at steve's 44 16 missed it by one tick out there well we got to give it a little bit of room out there peter so let's go back what peter's talking about is the this basically let me see this set of charts out here let's put up this one got the daily in the weekly what peter's referring to is that upper left hand chart out there with price get it up to 44 16 50 level it got up to 44 16 25 he's correct it missed it by one tick so you're up at resistance out there on the daily time frame now let's not forget that the ES mini last week also confirmed a garly by pattern for its weekly time frame and that's big now the weekly resistance level right now from on the ES mini is up at the bottom it's up at the bottom it sounds kind of weird but it is what it is it's at the bottom of the profile that said 44 24 so even if price spikes above this 44 16 50 level the area to be watching is going to be 44 24 your price can close about 44 24 25 price will have gotten back inside its weekly profile and that would then suggest to run up to 44 88 we can see here in the nq price is not made its way up to the top of its profile that said 15 509 and above 15 509 is a cd 9 count breakdown level that's at 15 7 19 out there so thanks for noticing that peter that price has gotten up there again we have to go back to those intraday charts out here let's see if i still have those up on my screen was this for the ES yeah we do out here so on the ES we had a td 9 count top that is about to fail potentially here and as we get to the 11 50 you got a minute and one minute and 30 seconds out here your price closes above on a 10 minute basis 44 13 25 it'll negate that signal and suggest that we move higher the 15 minute chart negated its td 9 count top there's no other topping patterns other than this two hour wave number wave 7 letter g but again that cannot get confirmed until 2 p.m. out there so it's up to the 10 minute chart watch that if we get that close above that then likely price makes its way through 44 16 and that makes its way up to that 44 24 level and that would be the bottom of that weekly profile that apple commentary help me to steve oh good get two birdies with one stone that's a beautiful thing out there um that's a wonderful thing okay what you've been waiting okay i did okay so i don't have anything any other requests that i see let me just check my phone real quick see if there's any other emails that have come in since we've got just a few minutes out here before we end the show and the answer is no i don't see anything so what do we want to do next what do we want to do next let me take a look at this market update chart out here what do we want to do let's go take a look at hi ho silver because silver is up at resistance silver somber contract those look oh my goodness what am i doing here oh yeah i'm in the right spot i'm in the right spot sorry about that so let's take a look at silver you're going to get the bottom right hand charge you're going to get a 10 minute chart out here but you can see how the daily time frame silver is up at resistance right when we get to resistance levels you'll look to see what short term topping signals might be in place out here so we're just simply waiting for these charts to populate so far i just see profile levels like on that 10 minute chart at 22 oh one so i'm not seeing a whole lot but we're about to go to break in about the next three minutes out three minutes three seconds or so out here we'll hear that music playing along i got a td9 count top on the two hour time frame chart out here so the key level that silver needs to close above on a two hour basis is going to be 2218 if it can do that then you're off to the race i see a five hour td9 count no i'll be back and we'll take a look at silver finish off take a look at silver as soon as we get 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 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 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 pesevento 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 tfnn has launched the tiger's den hosted at discord 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 tiger's 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 i'd love to share with you some nice bite-sized morsels with regard to silver can't i can't the only thing i can really provide you is i see a lot of sideways action as tom would say it's maybe trading sideways to build cause to bust out to the upside out there and that's what i would go with as we speak right now but again confirmation would be a two hour close above 2218 out there i see a lot of resistance where we're trading that's at the top of the profile 2203 as well but the us dollar index is beginning to move just a tad lower out there so that should help out silver so it looks like just simply a sideways move getting ready to bust out the highs two requests have come in one from dan watch take a look at nike out here oh that's not nike but i put that chart up here let's take a look at this chart that's not it all right one of the third time is the charm out there and there's the nike chart so we take a look at nike out here dan if price is able to take out tomorrow or the next day spike above 99.47 the nike will generate a td9 count top your bar number eight today the price needs to at least close and 80 percent 90 percent of time when you get a a td9 a bar number eight and it is the high in this case of the pattern it'll complete that pattern we don't have that right yet but if in fact we did get a spike above today 99.47 then in fact that could set up a td9 count top likely price is going to move higher why right now you've got price trained above its weekly oscillator and chains line it suggests you want to go target 100.49 the daily td9 count breakdown level 10196 monthly chart nothing out there to help us with so i'd watch that over the next couple of days out here and lastly for nancy do you want to take a look at microsoft what can we find out here quickly microsoft should go target its recent highs out there i'd say right around the 337.40 would be its target area today's bar number seven here you could get a td9 count top that would be between tomorrow wednesday and friday folks they do for all the great programming i'll be back with a wonderful wednesday please have a terrific tuesday be safe out there take care