 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 day, folks. Welcome to the January 14th, the fantastic Friday 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. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right, we need to now make that one little two-by-four shift. Well, it means we can find the gift and 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 eight o'clock in the morning. That's right. If you're listening live at one o'clock, thanks so much for doing so. We are recording today's show between eight and nine. We're going to make it as pertinent as we can for you while you're listening at one to two. And if you aren't listening live, listening live, we would love to hear from you. So a couple different ways to do that. You can always give us a call 877-927-6648. If you can't call in, we've got another way. You can send me an email. Send it to Steve at TFNN.com. Now, inside that subject heading, if you'd be kind enough to put radio show question, that way I can pick out your email, which is important to me versus all the trash that, you know, each of us get each and every day in our email system. Of course, the third way would be if you're inside our Tiger's Den. We would love to hear from you there. You can be a private ping. Public ping does not matter. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to Lush Show. Right now, we've got Sea of Red out here. Sea of Red is not just in the U.S., but across the board in Asia and Europe. So last night, you had the Shanghai finish down 35 points in the EKO 364. That was a little over 1%. Hang saying was up 2.10%. Right now in Germany, the Dax is down 162 points. That's 1%. The FTG is stronger than that. The Dax, only up 3.10%. She's trading out at 75.40%. We'll go see what all that means. In the U.S., we've got U.S. equity futures trading lower. The Dow down by 203 right now. The Nasdaq 130. The S&P 29. The Russell 2016. Gold is up a buck. Silver's down 19 cents. Lights Recruit is trading out at 81.44%. That's back about 20 pennies as we speak. The 30-year Treasury down 12 ticks, trading out at 150.605. So, where do we want to begin? I suppose you probably want to begin with the U.S. markets. I'll tell you where we begin. We'll begin with what I usually do as a market update. I'll do this at... I'll do it. I'll tell you where we're going to begin. We're going to begin with our first caller. And that is Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing today, this morning? Good morning, Steve. I'm doing well. How are you? I'm doing excellent. Nice to hear your voice early. And so, I believe you called about to discuss the end cues. Is that correct? Yeah, here we are another Friday where there's loads of potential for... And I like to do these trades that are the weekly trades on that, on the options that did my gold trade yesterday. So, I'm just looking at, you know, if we're getting down on the, on the keys to, you know, that Monday lower, you know, into that bar anyway. So, I just wanted to get your thoughts on, do you think this is, potentially, that was the B to C leg up? And now we're going to surpass that? Well, I think it's going to be lighter volume in my mind, just looking at what I saw this morning. But just want to get your thoughts on that. And if there is any kind of potential setup on the, you know, shorter term charts here for a potential bottom in the NASDAQ? Sure. Okay. So, let's try to answer that question first. So, I'm just going to switch panels here. Give me a moment. We'll go to the eight-panel multi-time frame chart for us. So, and we'll be able to answer that question fairly easily, I believe. So, Brent's question was, he's looking for some type of setup to potentially go long. And so, to do that, what we want to be able to see, folks, is some type of bottoming signal on the intraday timeframe charts. So, the very upper right-hand corner, last night, about 10 o'clock, in fact, at 10 o'clock, we got the confirmed rogment-dominicator signal that led to a bounce. We expected that bounce because of yesterday's one-day rate of change above plus 10%. Now, this morning, we can see that that pattern has failed. I'll just put my, I'll just actually expand out the chart here, make it a little bit easier for people to see. So, you can see, so the reason why yesterday's rogment-dominicator signal was confirmed was because at 10 p.m., we got that nice little bullish piercing candle. There was a new profile that formed right after that out here. So, now what we know is that pattern has failed. And Brent, in order to get some type of bottoming signal on a 30-minute timeframe chart, we would need to see there's there's still a rogment-dominicator signal triggered. But what I would want to see is some type of bullish reversal candle. Now, it's possible that we get that by 8.30 this morning. Price has to close probably at about the 1,500-ish type range out here, about halfway into the bar, that would give us another piercing candle out there. So, we don't have that as we speak at 8.11 in the morning. If we look at the other timeframes out here, the other inter-day timeframes, the 60-minute chart had a TD9 count bottom pattern. That failed. So, I don't have anything here. Although, I do see that on a 60-minute basis, we are in wave number seven. And so, that just simply needs a higher low to form out there. So, that's a potential for a bottom. With regard to the 120-minute timeframe chart, so the 240 or the 300, I don't see any bottoming patterns coming off of the highs from yesterday as an example. So, if we take a look at the five-hour timeframe chart, that had the best topping signal yesterday. That was a TD9 count. And then price at about 10.30, 11 o'clock in the morning just went ahead and had that Nike swoosh to the downside. And right now, price is testing the breakout level, which is at 15.403. So, if price can hold above that, now this current candle on a five-hour basis, I think this does not close until 9 o'clock. So, Brent, look at 9 o'clock. If price holds 15.403, that might be a signal to us. Now, price might be just coming back and testing the lows of Mondays. Brent pointed out. Now, Monday's candle is a hammer candle. And so, Brent, that's going to be really important, that low. And that low specifically is priced at 15.150 to 50. So, if price closed below that, you know, we have that expression around here. If you are long, you're wrong. If you close below the bottom of a hammer candle, now that might be support. So, we don't know if that area is going to hold or not. You had mentioned light volume. And so, with regard to the volume, the easiest metric that I have to take a look at the volume activity is just simply to go the index ETFs. So, I'm going to switch screens here for a moment. We go back and forth and you can ask questions, but just trying to answer the questions that you have or maybe pose questions in people's minds out there. So, if we take a look at yesterday's activity, and here's the chart that shows us each of the index ETFs, that being for the spy in the upper left-hand corner for the S&P, for the NASDAQ winner, the Q's in the upper right, the Dow diamonds in the lower left, the IWM for the Russell 2000. So, if you look at the yellow horizontal lines on my screen out here and the volume level, you'll see that price was pulling back into those swing points, a swing point that is being tested as we speak right now for the daily timeframe for the NQ. But here in the index ETFs, everything was pulling back on lighter volume than that of Monday. What I don't know is what today's volume might be. The other thing to note inside the spy or the NQ was prices also pulling back to the bottom of their daily profile levels. So, if those areas fail, that would suggest a lower price out here. So, from a volume standpoint, you're absolutely right. At least that was as of yesterday. No idea what today's volume might be. But it's got that potential that you're looking for, and that potential would be best used if we could get some type of bottoming signals in these intraday timeframe charts. Brett, we're going to a break here. Please do me a favorite hold on. We'll come back to you, and I want to answer any questions that you've got. This is Steve Rhodes with Brent in Martinez, California, 8.14 in the morning, thanks for listening live if you are. As always, the recorded show will be back in just a few moments. What's separating you from the most successful men and women on Wall Street? That's right. Information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. 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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 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks, we're online with Brent de Martinez, California. We're ripping apart the NQ in that first segment. What we determined was there was no confirmed bottoming signal on an interday time period to suggest that Brent or anybody else out there might pull a trigger. However, if we take a look at, so Monday's candle in the NQ was a bullish hammer candle, and if somebody were to ask me the question, if you've got a hammer candle and price moving into it, where is the best place to go ahead and put a long trade in, my answer would be somewhere between the middle of the wick of that candle and the bottom. Well if we take a look at from the low of the hammer candle from Monday up to the rally into Wednesday, what we will see is that price has made its way back to 0.786 retracement. So although Brent, I don't have any kind of bottoming signal per se on the interday timeframe charts, this certainly would qualify as a reason or a logistical reason for you to consider taking that trade. So I just wanted to throw that out there as well. And if price doesn't hold this level, the 15335-ish range, then price should go down and test the bottom of that hammer candle at 15152. So given all of that, what questions has that posed in your mind? Which charts would you like me to go back to or to take a look at with you to answer any further questions? No, this is great Steve, as always. But I'm pretty confident, at least what I've been seeing so far this morning is going to be lighter volume going into this low. And that doesn't mean it can't surpass that, but at least that part of it I'm pretty confident in. As far as being a bottoming pattern, that I'm just going to be following and watching. And we've had, you know, some good movement. We saw what happened Monday, doesn't mean it's going to repeat, but it got driven down there. It had a nice big rebound off of that. That's what I'm going to be looking for. So yeah, so here's, so on Monday, so just to kind of go back to Monday's low, because that was taking place as I was coming on the air about 15 minutes before it actually came on the air. So I just want to go back to one set of charts out here before we, before we leave you for the day and the week and just to point out what was also occurring then. Not saying that that's going to occur now, but it might. And that was it on the 30-minute charts out here. So I'm going to pull the, I just, I was hoping I could show it in an easy way, all four charts, but I've got to come back here. So on Monday, what was taking place at 11 o'clock in the morning was we had a TD9 count bottom, a seventh wave move bottom, an erosement, a indicator bottom. And Brett, that was occurring on each of the 30-minute time frame charts in the equity future contract. I mentioned as we were coming on the air, and that was here at one o'clock. So this is where my candle is right then. So we had the bottom signal, price pulled back into that bottom signal, very much like we're seeing take place with price pulling back in that hammer candle. And then it just simply took off. So that was the retracement. So ideally, you'd get that type of, at least some type of bottoming signal on the 30-minute time frame charts. We don't have that as we're taking a look at right now. But that might unfold, you know, before the market opens. So I hope that all of this helps you out and everybody else that's listening, because I know they also are trying to figure out which way are these markets going to go today. Is there anything else that I can provide to you? No, that's great to go back and look at that piece that I do. I was, of course, listening to you that day. And that was a great call, at least, you know, highlighting that that was happening. So yeah, the other thing, the other interesting thing here, we're having a good volatility. There's no question about that. And given opportunities, both ways say this has to be certainly a little nimble, maybe more so than, you know, at other times, but there's a lot of opportunity out there. And this has to be, you know, of course, paying close attention to the, I think the shorter term stuff is pretty critical at this point. Yes. The other interesting thing that took place this week so far, and certainly on Monday, and take a look at the NQ, is if we look at the weekly chart out here. So on the weekly chart, so whenever we close above, especially if it's a bearish structured profile, in this case here, it was a weekly bearish structured profile. And the week of October 18th, price closed above that. We need to see two closes above the level of resistance to suggest that it's really a breakout. Well, you got that the very following week, and then price went up, you know, and made its high so far that November 22nd, that day, I believe, or maybe it was, yeah, November 22nd. And then when you close above the top of a bearish structured profile, if the move lower is only a countertrend move, where price will find support is at the center or the top. It's typically the center of that profile. Well, the center of the profile for the NQ is at 15104. The low that we saw on Monday was at 15152. So really very close to that level, about 48 points away, but we can see that that is held. Now, if we get a close below 15104 today, folks, what that suggests to us is that we should see a move down to the 14804 level that would also, on a daily basis, then likely generate an A to B equal CD to the downside, even if it is with light volume. And that gives us price projection of 14502. So we'd say, if the 15104 level fails, we would expect or anticipate a move to 14502 to 14804 level. So I just thought I'd finish it off that way, Brent. If there's no other questions, thanks for listening to my blabbering out there, and have a great weekend. Yeah, you covered all of it, Steve. That wasn't my other question about, was that potential to be the C leg that we've been going through the last three days? It's possible. We're going to find out, I think, today potentially. Yes, yes, yes. Well, we'll find out soon enough. So, hey, Brent, thanks for waking up early, spending time with us this morning. And we'll look forward to speaking to you hopefully next week sometime. All right. Thanks so much, Steve, to have a great rest of your day and a great weekend, and I'll talk to you soon. We'll do. We'll do. We've got a question coming in from the Tiger's Den, and that is from Ruby. And Ruby wants to take a look at the US dollar index out here. So let's go do that for her. We'll do this a couple of different ways, meaning we'll take a look at a couple of different sets of charts for her. So I've just got to find my first set of charts out here, as long as we're on this screen. It's right here. Okay, here we go. So we take a look at the US dollar index. What do we know? Well, we know a couple of things. Maybe it's easier if I turn off some of these trend lines. So give me a moment to do that. Just make it a little bit clearer. But what I'm going to say is what we do know, Ruby, is that price has closed below both the bottom of the daily and the weekly profiles out here. Uh, no, but I want to turn that off. Oh, what did I do? Good Lord. Okay, good. I thought I pretty much just screwed everything up there, which pretty much I did. Okay, so now we can see the upper charts, what we're looking at here, Ruby. So price is below the bottom of the daily and the weekly profile. Now, right now at 8.25 in the morning, we've got a hammer candle that is forming, but then who knows what it's really going to be. And there's, there's certainly an A to B equal CD to the downside. So Ruby, the first thing I would say, I'll show you that A to B equal CD pattern out here. So first, let's take a look at this for the A point. I'm going to use the high from the trading day of December 15th. And for the B point, I'm going to use the low from December 31st. And the C point is going to be the retracement into January 1st. So we're at the one to one level out here. It was a 68% retracement. And so Ruby, if you were to get a bullish reversal candle today, then the US dollar index would generate a currently buy pattern. I don't know if that's what we're going to get or not. Yesterday's candle was not a hammer candle. Today could be, but we're too, we're too early into the session to know that. Now, if we don't get a hammer candle or bullish reversal candle today inside the US dollar index, then that would suggest on the A to B equal CD price projection level that the next target area would be 94.34. 93.67 is the center of its bullish structured monthly profile. So that all makes sense. So that would be the downside target that I would be looking at Ruby, unless we see some type of bullish reversal candle. Now what I'm going to do here momentarily, we're about to go to a break, but I'm going to switch over to the currency pairs that make up the US dollar index, the euro, the yen, the pound, the Canadian dollar, the Swiss franc, and the Swiss corona, the Swedish pronoun there. So this is Steve Rhodes with TFN. We come back, we'll finish looking at the US dollar index for Ruby and the Tiger's Den. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien found a TFNN over 20 years ago to help educate investors just like you. 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Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting TFNN.com. Welcome back, folks. So we're taking a look at the U.S. Dollar Index. And the bottom right-hand panel is the right-hand corner is that instrument. So here's what we know. We took a look at the potential for an A to B equals CD. In order for that to happen, we need to see a bullish reversal candle today. If that does not occur, another price target level would be $93.81. That's its TD9 count to breakdown area. So we can see it formed an erosement of indicator top. That was this bear sash candle out here that was on the trading day of, give me a moment, the trade day of December the 15th. So these currencies are what make up that basket of, these are the basket of currencies that make up the U.S. Dollar Index. So we start with the euro, which is, I don't remember what the percentage is out there, 57% something like that. We don't have any kind of a topping pattern out here. Of course, like the dollar shows a hammer candle, the euro shows a bearish shooting star. All right. So it's really the euro that is primarily controlling what the U.S. Dollar Index is doing. So although I'm sure I can draw an A to B equals CD, so if we do get a bearish reversal candle in the euro, which could be a shooting star, that would mean we'd have to see basically no activity for the rest of the day, then you'd have a Gertle cell. The dollar would have a Gertle short of that, the euro is likely targeting the 1.16 level. That is its TD9 breakdown area. Now, the Japanese yen is targeting the 1.1355 level. That is its TD9 count breakout area. If price closes below that, that suggests that we go back and revisit, tough for Stevie to say that one this morning. I don't know why, it must have been the water I'm drinking here. But we would revisit the December lows. If we take a look at the Great British Pound, this has formed a sell the D point pattern. Yesterday was a bearish shooting star, a TD9 count pattern. And we could see that it's oscillator on change line, change colors, you know, a couple of weeks ago, actually. Now that we've got the valid topping signal, we should see price and that line catch up to each other. So the Great British Pound should get weaker. And if it doesn't get weaker, it indicates the pattern that's going to go up to its TD9 count breakdown level at the 1.38 area. But it should get weaker and pull back to that oscillator and change line. That would put strength in the US dollar index. If we get that topping signal in the Euro, that should put help to create a bottoming pattern inside the dollar. The yen has been strengthening. So if it finds support at 1.13, it starts to move higher, it will weaken. The US dollar index will get stronger out there. You got the Canadian, the dollar, the Looney back at a breakout level of 1.24. So Ruby, I hope that this helps you out with regard to the US dollar index. It's important, I believe, to take a look at what the other currency pairs. We don't need to really spend any time on the Swiss franc other than the fact that it's back at a support level. And that is its TD9 count breakout level. These two currencies, the corona and the franc, are only about 6% of the total of the US dollar index. So it's really the top four that we want to focus on. It doesn't hurt to know what the other currency pairs are doing. But that's our US dollar index. I hope that helps you out. I also know you wanted to take a look at the 30-year treasury. So if you wanted to look at it, others want to look at it as well. And here, as we take a look at the 30-year treasury, in the upper left-hand corner is the daily time frame. And it has confirmed, yesterday, confirmed a buy the D point pattern. So we've got the one, this generated one to 1.272A to B equals CD pattern. Yesterday was a bullish engulfing candle that wrapped around that little doji candle from the prior day. So what this would suggest to you and I, Ruby, is that the 30-year treasury, because of that confirmed bottom signal, should at least make a run for the top of it, a daily profile. And that's at the 1.5718. Doesn't say that that's what's going to happen today, but that's a signal that was generated yesterday. And the other element that you've got here is you know you've got support at 1.5506. So I don't see anything else on the 30-year treasury side to really assist you. So you've got that confirmed bottom, price should go target the 1.5718 level out there. So I hope that that helps you out. Thanks so much for the request this morning. We do have requests that came in by email. And so I just simply want to get to that. Don't want the time to slip away. And that was coming from Hector. And Hector wanted to take a look at your welcome, Ruby. And Hector wanted to take a look at AIG, which is what you've got up on the screen right now. Now Hector had specifically asked me to draw in an A to B equal CD pattern. If I open up, which I'm going to open up this daily timeframe chart out here. And you know there's many A to B equal CD patterns here that we could come up with. But really what stuck out to Stevie was more of a consolidation pattern. Now I don't know if this is going to end up being a consolidation pattern or not. If price does not take out the high from the trading day of November 5th, that high out there was $62.54. If price does not take out that high, then we likely have a consolidation here. And again I'm looking at the daily timeframe. Now there is a new profile that formed yesterday. That new profile Hector formed below price. That's a bullish message. But if this is, and price was moving into the swing point, that swing point I'm referring to November 5th that had volume of 6.7 million shares. And yesterday you were up with 3.4. So it doesn't seem like it has the volume to push through this area. And therefore AIG would suggest to me that price would pull back to the 59.82 to 60.12 area. That's what the daily timeframe chart shows us. If I try to come up with a A to B equal CD pattern for the weekly timeframe, and I would, here's what I would look at. And that would be the A point down here from March of 2020, the B point out here being June of 2020, and then the C point being a September 21st pattern. So now you can see we're up at the 1 to 1.618 area out here. Are there other A to B equal CD patterns that we could draw? I'm sure that would take us much higher than that. But I'm really not going to draw those patterns in Hector. And primarily I'm not going to, because we need to see if this consolidation pattern forms, holds or what it does out there. So I will bring over the white background charts for you just so that you and I can look to see if there's any other signals out here. So back to the daily timeframe. And on the daily timeframe, so 62.54 was its TD9 breakdown level. I didn't actually have this chart open. So I didn't realize that we actually had a TD9 count top or pattern that formed yesterday. You could still have a higher high today and maintain that pattern. So here's the cool thing. If you're in AIG, you love this pattern. Well, you sort of love it because you're at a stage here where you've got a valid topping signal at a prior high, moving into a lighter volume at a TD9 breakdown area out there and an oscillator and change line that has changed colors. So everything is really set up for a pullback. Turns out that that oscillator and change line is right at the center of yesterday's barestructured profile where we would expect a counter trend rally to find support. So at this stage here, Hector, even though I don't think this is exactly what you were asking for, what it looks like to me is that AIG is going to go ahead and pull back. Now the cool thing is, whether it's yesterday's high or today's high, whichever one of those two is the highest high. If on Monday price closes above that, it'll negate these patterns. You can forget everything that Stevie said. It is nothing but a bunch of hooey, but right now it's not a bunch of hooey. We're just interpreting what the message of the markets are. So it looks to me, Hector, like AIG is getting ready to top, pull back, and if it can hold that green oscillator and change line, it will maintain a neutral type of a signal out there. So hope that helps you out. And thanks so much for the request. John and Philly's typing in. This is a Philly. Your choice, if you would like to talk to this. Oh, that's all. Do we have John online? Is that what we have? Ah, perfect. John, thanks for calling. Thanks, Rowling. Sorry about my inability to read a message and know what it actually means. That's early. That's a bound, sir. Snap who's a bound. Exactly. Exactly. That's okay. We'll recover quickly. Steve, I wanted to follow up upon the discussion. You just had with Brent from Martinez. Specifically, as I'm looking at the NASDAQ Futures contract with this nice little flush that hit at 730, my chart work and yours, of course, shows that this is leg G lower on the 30-minute part chart. Hey, John, I didn't realize we're so close to the break. Do me a favor, just hold the thought for about three or four minutes and we come back. The mic is yours. This is Steve Rhoads with John and Philly. We'll be back in just a few moments. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Back folks, we're on the line with John and Philly. We're taking a look at the NQ out here. He was pointing out wave number seven, that's letter G. That's part of the Chapman wave. He was referring to the 30 minute time frame chart which you can see it looks like it may be forming. I've got other intraday time frame charts out here so you can see on the 15 minute chart you've also now there you've got a confirmed seventh wave move. You've got that same thing on the 10 minute chart and on the 5 minute chart and on the 60 minute time frame chart. So this market on the intraday basis, John, and you picked it out, you are the conductor here, definitely singing in the key of G. So the floor is back to we shift the floor or the microphone back to you. Yes, thank you, Steve, for that detailed discussion. A bottom line question that I'll pose after 60 seconds here first, by way of background, trading from a position swing trade actively, reason being since that November 22, NASDAQ 100, we've got a pattern of lower highs, excuse me, lower lows and lower highs. We haven't busted any major support as of yet as your work clearly documents, but my suspicion is that that in fact happens, that we bust supports. I'm thinking in my mind of stuff that of ideas that were first highlighted and brought to the attention of listeners on TFNN by Stan Harley back November 4 time frame in which he showed there was a interesting developing between the NASDAQ here in 2021 and the NICI 225 back in 1989. And thus far here in 2022, that analog be repeating at least for the moment, that doesn't say anything about next week, next month. Sure. My suspicion is on those rich, highly valued, over-owned tech names for their decline. We'll see if that happens, of course, but with that as background, we've declined since Wednesday on the NASDAQ features up there at the 16,000 mark. And with that 30 minute bar chart forming a Chapman wave with that patented Saratoga Bob peak, excuse me, TROPG bi-signal as a VentoFib 786 support mark on that futures question, the NQH2s, where does it need to suggest, hey, this low right here down at 15, 3, 10 area will stand for more than a couple of hours. Good question. Okay, so you pose that question to me and I'm just going to try to answer that question and take a look at these charts out here. So the first level that I would be looking for, and I'd really like to take it off of the 30 minute timeframe, John, would be the 15, 389-ish area. That's that red oscillator and change line. So at a minimum, that is where price needs to close above. Because we've got that seventh wave clearly on the 60 minute timeframe chart as a well out there, its level is at about the 15, 417. So you got 15, 389-15, 417. If price can close above that, that would be a signal of at least a further rally. Now that further rally, the key area of resistance there, John, and the reason is that I'm choosing the 60 minute timeframe chart. And the reason that I am is as I take a look at charts and try to answer a question like that, what I look for is where our resistance levels that have been tested that have held. And the one that sticks out to me that is clear that held was the top of the profile on the 60 minute timeframe. Folks, that is the upper right hand corner chart. In fact, I'll just simply expand this out. That way we're all looking at the exact same chart. And we can see that the rally that took place overnight ran into resistance at 15, 541. So we got the intraday, the 30 minute timeframe chart last night at time at 10 o'clock generated the rogment to indicator bottom signal. But on the 30 minute chart, it doesn't show why did price stop where it did. So I'm just going to size this down again. So because price actually had traded above the top of that profile that was present at that time. So there was no logical reason that I could come up with why on a 30 minute chart did price stop there. And it's one of the reasons why I have these multi-time frame charts because I'm looking for different areas of resistance and where is a key resistance level that held. And so John really goes back to that 60 minute time frame. So the real answer to your question is where would price have to close above to suggest that there's really some legs and this is just not a counter trend move would be for me right now I'd have to say is 15, 541, 95. So 15, 542 would be the number. Does that make sense to you how I came to that conclusion? Steve Oh, that's all I need to know that that's the bottom line. And third discussion thereof. So thank you. You're welcome. And always good to hear from you too, John. So have a fantastic weekend and we'll look forward to seeing you tomorrow. Thanks for sharing with everybody in the den as you always do. That was John in Philly. So I do have another question that has come in. Right now we've got Dow futures down 265. S&P futures are down 37. Nasdaq is down 140. But we've got a question here from Tim M. So let's get let me change charts here. Give me a moment or change screens, I should say, and we'll get over to the black background charts. We're going to go ahead and put the instrument that he's looking for, which is ACLS. That is Excelsis Technologies. Now just give me a moment here to pause. And the reason is I want to get my other charts up on the screen so that I can get this symbol input and we can take a look at a daily, weekly, and a monthly set of charts here, an ACLS. So I've got that going. Those will get updated. So the question here from Tim is could you please take a look at Excelsis Technologies from the daily and weekly perspectives, looking to take a long position when it looks ripe for the picking out here? Well, so you've got a brand new daily profile that formed yesterday, Tim. And so the support level or an area to be considering would be $65.27. Closed yesterday at $67.40. I know what's doing in the pre-market, but that would be an area to be looking at. Price is right now above the top of its weekly profile. And we're going to go in a moment and figure out if there were any kind of bottom signals out here for ACLS. So but price is above that level that, you know, even if there is a topping signal would generate a neutral position. Now, that would change, Tim, if you get a close below $67.19 today, that's the top of that weekly profile. So the weekly timeframe charts, what do we know? What we do know here, the daily timeframe, this top with a TD9 count and a roadsman to indicator signal. And price did exactly what was supposed to do. It pulled all the way back to where it broke out from. So that took place on the attempt. That was three days ago. That was at Monday. Yeah. So that was Monday out here. So ACLS pulled that was your, that was your, that was your buy area. That was your buy point. You were looking for a buy point. Now here's the good news. That was the good news. Here's the bad news. Perhaps you get the bottom signal out there. Again, price point back to a breakout level. What's price do runs right up to that oscillator and change line that's at $71.89 and pulls back. So where are we really at? Really a kind of a neutral position. If you want to take an attempt at a trade here and be between $64.50 and $65.21 and a price close below $64.50, 10, I would exit that position and say, no, that pattern doesn't look right. Maybe this is going to form an A to B equal CD to the downside. We get back. We'll finish looking at ACLS. Be right back. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. They must have tool for every trader out there striving to find an edge in today's markets. TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN, educating investors. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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We're taking like an exceller set technologies out here for Tim Am who's looking for an entry point. So yesterday the pullback out here was with lighter volume. The volume from January 10th was 584,000 shares. Yesterday it was 431. Price still closed inside that. It looks to me like price at least go tag that 65-27 level out there. But if price begins moving lower or if price takes out the swing point 6390 that was Monday's low, then that's going to set up an A to B equal CD to the downside. That could set up a Gartley buy pattern. What we'd be looking for there, Tim, is for that pattern to then generate some type of bullish reversal candle as price approaches either the 5930 or 5557 level. That's not the message that we have right now, but I think you've got to kind of watch how today trades as well. I don't know what this tracks out here. So I want to understand the index that is tracking to understand what that index is doing as well. So I do hope that that helps you out, but we've got a minute to go here. And if you are listening live, thanks so much for joining me early this morning. And if you're listening at the normal timeframe, I hope that this show is helpful to you. Overall, the most important levels to be watching today, and I just want to give those to you, are going to be the bottom of the weekly profiles. The most important one right now I would say would be the ES mini. And that's at 4549.25. If price closes below that for this week, of course, we would need two consecutive closes below a key level of support. But if price did close below that today, it is generating for us a change in trend signal similar to what we saw, but not exactly the same, but similar to what we saw back in February of 2020 when price closed below the bottom of that weekly profile. So that's the real key area to watch. The other key area I would say would be on the NQ, the bottom of its weekly profile is 1480458. So those would really be the things to watch today at the end of the day. And certainly you'll have a better feel come close to two o'clock if you're listening at the recorded show. So folks, I want you to have a fantastic Friday, a fabulous weekend. And I'll look forward to seeing you again on Magnificent Marvelous Monday. Take care. Thanks so much for joining us.