 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 March 6th, the wonderful Wednesday edition of today's Trader's Edge show I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past Hope everyone out there is having a great day Let's make sure we have an extraordinary one Now the easiest way to do that is to always remember that life is happening for us Not to us That's right, when you and I make that one little two by four shift It means we can find the gift In every set of circumstances life is going to toss at us Now today you and I are going to go check on the circumstance of these markets We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I At just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here But even more important than that During this next 53 minutes I'm here to serve you So feel free to pick up that phone We'd love to hear from you at 877-927-6648 Now if you can't call in but you've got a question We've got your back Go ahead and send an email Send that off to Steve at TFNN.com Inside the subject heading please put radio show question Of course 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 wonderful Wednesday Of course this is Tiger Financial news network I'm Steve Rhodes Welcome to the show Right now we got a sea of green out there All the U.S. indices that we track are trading the upside And all the sectors inside the S&P 500 are doing the same We got rally on Dow's up 195 points, half percent Seven tenths for the S&P are 37 points Nearly one percent for the NASDAQ 167 there Eight tenths for the Russell 17 point move Nearly three percent for the Summys 135 points there Trend is up 138 That's about nine tenths percent The same for the New York Stock Exchange Goals up nine bucks Silver being up 38 pennies One and a half percent Three percent move for Light's recruit Up 237 Natural gas up a quarter percent And the U.S. 30 year treasury Printing out at 120105 SA-10 take move If we take a look at what's leading in the clubhouse To the upside No surprise here Dollar wise it's micro strategy 186 bucks move 17 percent out there Super micro 52 bucks five percent Crowdstike up 42 bucks 14 percent Broadcom 43 bucks Nvidia up 27 To the downside It's store industries Off 11 percent That would be a $14 move Six tenths percent for Mercado Libre Nine bucks there Footlockers down nine bucks as well That's a 27 percent move Paloal Networks is off 2 percent Seven bucks And PNC Financial down about six That is nearly a 4 percent move to the downside So where do we begin our day Let's begin our day by Taking a look at switch panels here Let's go take a look at the other Daily equity future contracts We showed you the one screen During the 11 a.m. update Now we're going to show you the other screen The reason we're showing you the other screen So you can see for yourself On the EAS mini There's two different sets of profiles Now the bottom is the same So support is the same Whether you use my black background chart Or the white background chart Because it's using the same data That's at 5069 So that's a new level out there Of support Now the interesting thing is This new profile has formed above The prior profile That tells us no matter what took place Yesterday from a profile standpoint The bullish trend is still in place Out there And in fact, even though we got yesterday We got a confirmed roadsman Dementicator top Whenever you get a top All it does is it gives the buyers Or the sellers I should say it gives the sellers The ability to push price down to support And lo and behold That's exactly what they did Yesterday That's a poor level First we thought it was At about the 5050 level But there was new profile That formed inter-day And it stuck and it held And it's bullish in structure Between 5069 and 5089 Is your buy zone out there Now, what price is doing It's about to hit resistance Is this the place We got to do have a top in place You couldn't bust into the downside Price tries to bust into the upside Can't bust into the upside If you can't do that Does it try to bust them Back to the downside again I don't know the answer to that Just yet, but we'll try to Figure that out during today's show Right now what you can see Is price is approaching the top Of this next profile Or this new profile And that's at the 51-28-50 Level out there It's also their change line Is up above that At 51-39 So most likely We would at least see a spike Up to at least test that Now, if price closes above That level all of a sudden The overall signals get neutral For the EES mini We did not get any other New profiles that formed Yesterday We did take place What did take place Just says the NQ Tried to get back inside It's daily profile We've not seen that screen Yeah, we are I tried to get back inside That profile And was unable to do that It still remains bullish All these are bullish The EES mini is still bullish Even though it's got a topping pattern The NQ is definitely bullish Out here at the YM The same thing The YM is just right now Consolidating with inside It's a daily profile And there are also 2,000 Traded above that Green Oceler and change line Telling you and I That what it really wants to Is that it's going to Go back and retarget That all-time high out there That number inside the Russell 2000 equity Future contract for the March timeframe Is that 2097 out there Let's go to our first caller It is Garo In Newport Beach, California Garo, thanks for holding How are you today? I'm very good How about you, sir? Excellent Thanks so much for asking Always nice to hear your voice And what is it that You're trading today? I'm not sure What are you trading today? I'm trading The different stuff I'm trading L-A-B-U But my question is Regarding C-C-C-C That's C-4 therapeutics Yeah If you open up the daily chart On a daily chart Yes With the SAR parabolic dots You'll see that candle Is very close to the bottom dot And the value is $10 And $14 And if you open up there 240 minutes You'll see that today We have two dots at the very top It's a fresh dot today My question is that You think this is a time to roll down From here Slowly but surely But or still has legs to move higher So great Yes, sir Yeah, so great question So to first answer that question I want to see if it had A pattern completion The one that I can see out here Could be an A to B Equal CDT upside So we're going to go ahead And put that in On your set of charts That we have on my screen out here And give me one moment to do that Here goes the C point And close but not exactly So it had an A to B Equal CDT price projection At $12.36 What it got up to A couple of days ago Was a high of $11.88 I don't know If that's close enough For this to be A completion of the A to B Equal CDT pattern If it is Because that is a bearish Engulfing candle If it is Then the first answer To your question would be Well, at least we have A confirmed topping pattern Out here So let's leave it at that That we may have that The second thing that we Can see on my set of charts Out here Is this is formed And it did this a couple Of days ago Yesterday as a matter of fact This formed a new Bearish structured Daily profile Now price closed below That level to the center Of that profile yesterday Which was a $10.88 It's back above it today I don't know where C4 therapeutics Closed the day out But what you'd love to see here Garo is a second close Below $10.88 If it closed below $10.88 Then that would suggest That price would make a $2 Move down to $8.88 Which would be the bottom Of its daily profile Excuse me Any questions about What I've shared thus far No, that's a point Very good Okay, now We're about to go to a break So I'd ask if you would Be kind enough to hold on Through this break We'll come back here We'll take a look at C4 therapeutics With Garo In Newport Beach, California If you're looking for Potential trading setups In the stock market Then Rocket Equities And Options Report Is a newsletter you should try Tommy O'Brien delivers Options and equity trades When the markets present them Using a combination Of fundamentals and Technicals Sign up for Rocket Equities And Options Report Today with a 30-day Money-back guarantee So you have nothing To risk For all the details To start your 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 Basel 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 Basel 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 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 Tigresses For $1 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 Toll free At 1-877-927-6648 Internationally At 727-873-7618 Look at the Tiger symbol C-C-C-C, that C4 Therapeutics run With Garo in Newport Beach, California Garo has created his own unique Very cool trading system I'm emulating some of that on my screen Right now, we've got the daily timeframe And a 30 minute timeframe Garo, I have a question for you I know that our dots sometimes are slightly different For example The dot that I have That formed today was at $10.48 The low that I have today For this equity Is $10.50 It missed it so far By two pennies What does that mean to you, if anything Time frequency, sir The day, I'm on the daily timeframe And I have The daily The mind, the bottom The lower dot value Is $10.14 So in case if I want to Short it, I will Short it at $10.10 I will go a little bit Below that $10.14 But when the candle goes down And hits the dot The bottom dot and the dot Goes up from there The short starts This is what it means to me The same way that if you look at January the 16th It's going to be the same Formation, you see So The value Of the dots that I have I think is completely different than yours So mine for example My dot from yesterday Calculates at $10.13 So that's lining up with what you are saying Is showing up for your dot today My dot today just happens to be A $10.48 And we got down to a low of $10.50 So just from me In my system Does it need to close below That dot for you to then All of a sudden trigger that Or if it has At my system and hasn't gotten down there Missed it by $0.02 this morning It's rallied from there So at this stage at least in my system It wouldn't be given you the short signal just yet I just want to make sure I interpret this Correctly I want you to teach me something Okay, perfect Sorry to caught you short Whenever the candle gets close To that dot That means that the trend is very weak Okay Longer the dot from the candle That means that the trend is strong So you have to wait longer Time, you see Now the candle is very short Very close to that lower dot So my number is $10.14 But I will go I'm conservative It has to hit that dot And the dot has to go up From there on the short starts Understood, understood, okay Perfect, perfect I want to change over to my white background So thank you for that explanation And teaching me and everybody else Something about the Wells Wilder Parabolic star tools out there Now I'm moving over to my multi-set Of time frame charts We've got anywhere from 15 minutes up to 195 Minutes of bars out there And then the daily, the weekly and the monthly So I want to take a look at a monthly time frame chart For this instrument it looks pretty bullish to me Its resistance level for the has one Is going to be from back in August of 2022 To 1324 So that would be a resistance level The weekly chart for me looks very bullish I don't see any resistance up ahead The daily chart did form A Roadsman to Mindicator top So you and I were looking for the possibility Of a sell the D point pattern Now I don't have to worry that price didn't get All the way up to the $12.36 level Because I've got another topping signal So two days ago this generated A bearish engulfing candle on the daily time frame That created a Roadsman to Mindicator top From my perspective whenever something Forms a top that just says sellers Have the right to go back and try to test support Can they break through support In this instance here C4 held That green oscillator and change line yesterday And it is trading above it today And that says that even though it's got A topping pattern Because we're trading above that green Ossiter and change line and inside its profile Its overall signal is more neutral Than it is bearish or bullish out here So I would go with a neutral signal If I did see a close below 1046 And the level that you were taking a look At that dot that I've got for today Is 1048 out there So if I were to see a close below that level That would say This has lost this momentum because It would be below that green oscillator and change line It would tell us we no longer have a rising Price oscillator above zero And therefore price should then because It's a bearish structure profile Is move its way down to $8.88 But if you're asking me do I have a sell The answer is I do not for the daily time Frame If I look at a 195 minute time frame That's 295 minute bars and one day For the cash indices out here The instruments This has a teeny nine count top And price found support at 1037 So we got 1037 is another key level That price would need to get below Since you already have 1010 as your level Out there I would have to concur with you If price gets down to your 1010 These other charts here are suggesting For 888 Garo are there some questions based upon That information that I provided No that was perfect Mr. Steve That was perfect Excellent I appreciate that So much thank you You bet you bet always good to hear from me Thanks much for calling that was Garo In Newport Beach California Let's go up to Jupiter Florida and speak With Bill well thanks for calling Thanks for holding how are you today Great Steve how are you Excellent thanks much for asking And the ticker symbol we're going to take A look at is ZD Is that correct ZV the 30 year bond future Steve Oh you want the 30 year bond Sorry about that well that would be helpful If I put the correct one in there So tell me what you're doing and how I can best help you Sure in the past I've seen you put Instruments up Where you look at them And the four major currency periods The dollar, the euro, the yen and the pound And since the Bond that 30 years been taking a run Over the last few days I'm just curious If we could take a look and see What that looks like in the four currency periods In the four major periods Yeah so that's a great question So do you listen to the show Each day Not every day but quite often Steve Okay so You're a neighbor I know exactly I love it I love it So what I will do is Because it will take a few minutes at least For me to get that set up I will try to accomplish that During this next break out here Alright and then I Then I can discuss it if I don't If I'm unable to do that I will get it done And I will review that for you Tomorrow so even if you Can't listen to so I'm going to try to get that done Today for you if I can't Then at least If you can't listen live tomorrow go ahead And listen to the archive version Because I will absolutely do that for you In the meantime what I can do though Is I want to take a look at the 30 year treasury And at least share with you what I see At the moment in terms of US dollars And that is that we should Get a topping pattern that forms Today and that topping pattern Is the TD9 count top Now Bill a TD9 count top Can form its high in the bar Following bar number nine so the actual Top of this pattern may not take As long as it doesn't take place until tomorrow Interestingly enough This bottom This formed a TD This has a TD What price is going to try to do Is get to its TD9 count breakdown resistance level And that's at the 121.23 Area Now forming a TD9 count top Below that level of resistance Increases the odds that we would see A retracement in the pullback And the level that I would be looking at Is the price to pullback So that's what I see when I take a look at a daily Time frame in terms of dollars Now we're going to the break right now Why don't you just do this Stay on the line as I try to get The 30 year treasury and the other currencies And even if I can't I'll come back and say hello And see what questions you have about what I just reviewed For the US dollar version Of the 30 year treasury See Rhodes with TFNL will be back with Bill and Jupiter in just a few Old report It 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Tune in live to Tiger TV And transform your trading journey Because when you know better, you invest better Join us and experience the difference today TFNN Educating Investors Tiger TV That's TFNN.com Then hit watch Tiger TV In Jupiter, Florida We're taking a look at the 30-year Treasury And Bill I was able to at least go ahead And convert the 30-year Treasury And how it's priced in terms of pounds, yen, euros And the Australian dollar Out there. So Before I went to the break I had mentioned that a TD9 count top Is going to form today and will complete tomorrow So what I'm looking for when I take a look At these charts here and I'll just simply expand About one at a time so that we're all looking The same thing. Now we're taking a 30-year Treasury Pricing great British pounds Which has made a slightly higher high today So it's following along with what we just took a look At in terms of dollars If we take a look at how the 30-year Treasury though Is trading in terms of yen We have not made a higher high today So for me that kind of bodes well Into the idea of this daily TD9 count top That's forming here in the U.S. And that price would be moving higher If price is going to start moving lower In terms of yen That's going to assist that move lower In terms of the U.S. dollar As far as the 30-year Treasury We have that same thing in terms of euros We have not made a higher high We just have an inside bar right now So that adds to the idea that we're not rallying In terms of those currencies The same is true with regard to the Australian dollar So when I take a look at this This adds more to the idea That we're going to get at least a short term top And complete tomorrow's Top could actually form today And we start to begin to see this thing move Lower out there So what questions do you have After taking a look at that data with me? I would agree that It appears to me that The 30-year bond is Overbought And considering the fundamental picture In the backgrounds of Higher interest rates for longer And nobody knows one way or the other But currently that Seems to me that The 30-year is overbought And I certainly agree with that And this is great information You're certainly confirming my Instincts of what I'm thinking and what I'm seeing And also if you look at the 30-year I mean it's been going up Enough for days on end It certainly do for a pullback Yes, and so I'll give you one more piece Of information out here That is when we get to a signal On a daily timeframe that shows A top or bottom, in this case here it's a top What I do is I like to look at the inter-day charts And see if I can find something similar And on a 30-minute basis we do have A TD9 count top Now the cool thing about this is that If we are going to see bonds move lower Then because we have this top We should see a level of support fail And at the moment on this chart For this timeframe that level would be A 121 even Steven A 30-minute bar, a close blow of 121 That should get us back to about 121.5 out there, 121.13 In the range So that's what I'd be looking for I'd be looking for an inter-day confirmation Of a level of support that has failed To add to the idea that, okay That TD9 count top is in now So I hope that helped you out And I'll look forward to your next call Fantastic Steve, I'm going to send you an email Appreciate it very much You bet, you bet, that was Bill You bet. Let's do this here We do have some requests that have come in Let me switch panels, we get over to those It's not going to be the screen that we're going to look at First it's going to pop up, but we will get there And the first one was a take-click at Zscaler for David in Panama City So let me get back here And ZS by the way is a ticker symbol David's specific question is Basically how low can this go? He's got the 200 puts they expire In March, at the end of March At the end of this month That we can share with you out here And I'm not even worried about whether there's a top On a daily time frame or not Why am I not worried? Because price is trading below profile support Price is trading below a red oscillator and change line I do not see a bottoming pattern However, I do see a potential bottom At $195.70 And we're trading right now At $202.60 Yesterday's low out here was down At the $199.29 level So $195.70 David is the TD9 account breakout level For the daily time frame And even though there's not a pattern I don't have any to be equal CD pattern I don't have any and I have any kind of pattern out here I have a test of a swing point Certainly there was a swing point from the trading session of February 21st 7.8 million shares Yes, it was tested and rejected with 5 million shares So not ideally what you'd like to see here When you are short on the instrument Today's volume 2 million shares Is slightly higher volume than yesterday But nothing near the 7.8 million shares Or nothing near at least at this stage of the game So I'd say you've got support here at $195.70 You also have support At $194.29 Now that $29 number That's going to be That's going to change up or down Because that's coming from the monthly Osseter and change line There's a TD9 account top Whenever price forms a top Zscaler And this instance here would be about $194.30 So we've got $194.30 $195.70 No idea whether those will break The weekly time frame charts not providing us With any additional support type information Those are the two time frames that I would use To try to interpret What your next step should be Now, if I look at consecutive moves to the downside Looks like this is going to become Day number 4 To the downside Sometimes we've had 4 bars to the downside This sucker has rallied So those are the dance steps out there So I hope that provides you with the Information you're looking for Let's just take one quick peek out here Because we're sort of insinuating that price Might be back towards a support area Let's see if that is confirmed By any of the intraday charts So here on a 30 minute time frame So this is going to be very helpful to you David You had a nice TD9 account bottom 30 yesterday morning What we then saw out here That was two days ago When we had that We then see yesterday's spike up Right into TD9 account breakdown resistance $215.91 So if this tells Stevie What I believe that this tells you Is the only reason to maybe sell that position At this stage and get a confirmation That this thing does want to move higher Would be a close above $215.91 So that's what I've got for you This morning for that information And I hope that that helps you out Nicholas wrote in Nicholas has been in and out of trades Inside of natural gas And his question is where can I get back in So let's see if we can help Nicholas out here My suggestion is maybe Not to really intraday trade I thought I had it out Trading Naturally I do have it right there Just slip right over On the right screen we are okay perfect So what this doesn't show I just have the monthly, the weekly, the daily And then some intraday time periods out here So the very first thing that I want to share with you Nicholas and everybody else out there On a yearly basis we are in the bar Following bar number 9 of a TD9 account That's the first thing I'll share with you That adds the idea that we could really see A significant bottom here Or at least the bottom Well if we take a look at what natural gas Typically does this time of year The favorable seasonal cycle begins right Around the middle of February That's the favorable seasonal cycle Typically lasts through the middle of June This is the reason I say if you get a good position Maybe it's worthwhile to go ahead And hold it out there But now let's go ahead and take a look at natural gas And now in this instance here So that was a bigger picture Now let's just start taking a look at a smaller picture See if we can find anything out here That Nicholas can hang his hat on When I take a look at the smaller time picture And what I have for this right now Is prices testing a level of support That level of support is the bottom of its profile That's at 1.937 If price were to close below that Now I don't have anything here to suggest that it will do that But if price were to close below that That tells us we need to look at a different time frame For a different level of support Say for example the 60 minute time frame And that's down about 190 1.905 to be exact 0 to a TFN We'll be right back Currencies, commodities and bond markets Are as important as ever right now With how they're driving the volatility In equity markets across the globe Which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report Teddy Kegstad breaks down the Forex markets Every Monday using his 30 plus years of experience As a trading veteran of features Forex, stocks and options Teddy releases his weekly Tiger Forex report Every Monday morning with coverage of all the major currency pairs Including the Dollar Index, the Euro Dollar Pound Dollar, Dollar Swiss Dollar Yen as well as many more And he also has weekly coverage of the crude oil market And the 30 year T-bonds As they both influence Forex markets tremendously When you sign up for the Tiger Forex report You also gain instant access To Teddy's 60 minute Webinar Archive He just hosted Forex Strategies And Fundamentals What Is Behind The Tiger Forex Report For all the details and to start your 30 day Tiger Forex Report subscription today Visit the front page of TFNN.com TFNN Educating Investors Better in 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 30 days of signing up Subscribe to the Fibonacci 24-7 Newsletter today TFNN.com Educating Investors A fund's investment objective Risks, charges and expenses before investing A fund's prospectus and summary prospectus Contain this and other information About direction shares To obtain a fund's prospectus and summary prospectus Call 866-476-7523 Or visit Directioninvestments.com A fund's prospectus and summary prospectus Should be read carefully before investing An investment in the funds is subject to risk Including the possible loss of principal The funds are designed to be utilized only By sophisticated investors such as traders And active investors Distributor for side fund services LLC This program is brought to you by Vista Gold Traded on the NYSE American and TSX Under the symbol VGZ Back up folks, so Nicholas What I'm going to suggest that you do At this stage of the game Today it looks like it's going to go ahead And complete bar number six of a TD9 count Prices trying this natural gas We're taking like a price trying to get up to Its TD9 count breakdown level That's at about $2.19 So we may get A TD9 count Pattern that forms by early Part of next week out there So I know you've had two successful trades Why don't you just wait To get some type of short term top And a better pullback out there The point is I don't really see anything else Other than some profile levels on the Interday charts out here to assist you With getting back into that trade So that's what I'm going to recommend Congrats on those two trades out there Let's go out to Philly and speak with John John, thanks for calling. Thanks for holding How are you today? Steve, I'm doing very well. Hope you're doing the same And thanks for taking the call. My pleasure as always. Now I know you want to talk About the New York Stock Exchange I'm hoping it's not the top 100 International in U.S. If it is Then I will produce those charts After the show because it just needs A little bit different data feed Than the one that I've got present right now I apologize in advance if our Phone connection is a ride If it is, let me know When I'll hang up so as not to Yeah, that's great. Nothing's up too badly All good right now. I did want to mention, on natural gas Just to complement The data that you've Shared repeatedly here Namely the seasonal path The seasonal tendency now Or that gas is to rally The upcoming months To complement That The operative phrase coined By Ed Young Formerly had a show on TFNN Yes, yes. The cure For low prices is Low prices That is panning out Before our very eyes Two major United States Nat gas producers EQT number one Actually Which I think is in the top five Both those two companies Have announced publicly Prices are too Damn low for us to be Increasing production So we're going to cut back Now that does not Anything About how to trade this The next five days But what it does say To me is Prices aren't going lower As major producers Are pulling back supplies Look, that's a really great piece Of information, John. Thank you so much For sharing that with everybody. Appreciate that. Onto The stock market, Steve You know When all the people And tigers den know that When I assess the major Indices, I'm very cognizant That the S&P 500 Is in effect just two things It's the top nasdaq It's the NDX 100 Dominated by those Top 10 names that you show Many times, but also The NYSE 100 Index, which is the 100 largest NYSE listed Market cap stocks And of course the biggest today In that group is Berkshire Hathaway I think it's 900 billion Anyway, the NYSE 100 Is making Higher highs The decline yesterday Was just a blip It wasn't even a pullback And of course we're at higher highs And hence, wanted to ask If you could show us your chart work On the NYSE 100 index So that we can get some Idea Of where your clues With your pattern work And your counts suggest We are with that index And if you can't show that, I'll certainly look for that After the show is done Absolutely, so that's what I'll do folks So what I'll do here folks, just so everybody knows For requests and folks that are inside The den that I don't get to through the show I typically will go ahead and post those charts John, that's exactly what I'll do for you here And for everybody else inside the den And then tomorrow during the show I'll have a question since you brought it up I'll be able to go ahead and share those charts I'll have a snapshot copy of that So what I do show in just the NYSE Is that it's negated all of its topping patterns Or at least it's doing that right now Is it's making higher highs as well So that was the big dog So John, thanks again for sharing that information On natural gas, that's much appreciated And as well I'll get this information Posted in the den after the show Alright? Thank you, bye now So what I can do though Is I can go on to We do have a number of other requests out here So the next one is coming in from Hector And Hector is asking about the US dollar index So we take a look at the US dollar index His question is are we forming an A to B Equal CD to the downside And at this stage here We haven't done that Maybe it is And we need to close below the low from February 22nd And that's at the 10311 area And beyond that is if we take a look At the weekly time frame chart I think this is really a great chart That helps us understand what's going on Inside the US dollar index And that is that price is trading Between both a descending trend And a rising trend And price made it all the way up to that rising I'm sorry the descending trend The top that descending trend Back in January of 2024 You don't see that chart Thanks Mr. Bill, sorry about that Right now And we are looking at the very right hand Panel chart out there, the A to B Equal CD again that Hector is talking about If we just draw this in out here It looks like where is the high That's at 184.85 184.87 Does it do enough of a retracement For the C point out here I don't know why this thing is Lord what the heck is happening There we go, 63% retraces So one to one we get you down to Okay, but we aren't there yet Hasn't price not gotten through the B point What I wanted to really say And I should say it is that I think if we get this change of trend Two consecutive closes Below the bottom of the daily profile 103.66 That would suggest to me that change in trend Or take us over time It's a weekly chart that we're looking at All the way back down to that rising Trend line There's a cluster there and I don't know Do you see when I take a look at the U.S. dollar Index Hector and I hope that that Provided the information you were looking for S&P wanted to see if there is a Bottom in SoFi So let me get back to those charts Remember to change the screen as signals out here So give me a moment, we'll get back Those white background screens, we'll take a look At SoFi, we're going to try to figure out Is there a bottom pattern out there And when I take a look at the charts out here S&P I do not see a bottom pattern What I do see SoFi is getting back to a prior swing point That's a swing point from January 19 Which did volume of 40 million shares Out there and that is being tested today And so far the volume on this instrument Is 78 million So 78 already going into 40 Typically what That signals to you and I S&P Is at that low from that swing point On January 19 should get tested again The problem is If we close above it's high It's high being 750 Maybe that's all that gets tested Is the high versus the low of that swing point Out there, so you have, you're asking Is there a bottom, the only bottom pattern That I can find for you on a daily time frame Is a test and rejection Of a swing point, unfortunately It's on heavier volume And therefore I don't really know what to share With you there, I'll go to the weekly chart That does not show a bottom, we're trading below support And the monthly time frame Hard to say I don't have enough data out here For S&P with regard to is there a bottom Well, yes it's testing a swing point Problem is it's done it on Volume out there Steve Rhodes with TFNN, we get back We're going to try to take a look at Footlocker, ET The Semiconductors, Twist TWST, Agen and ENVX That's going to be a doozy Steve Rhodes with TFNN, we'll be right back 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? 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Folks, Footlock, you're getting just smashed Out here at Ticker Symbol FL. Formed a Wave 7 Topped it that a couple weeks ago. Out here did that on the trading session Of February the 23rd. Right now this is inside a gap. This thing had gapped up with volume of about 20 million shares. That was back on November 29th. Today so far you have done Or this has done 18 million shares. So the first possible support level Would be the top of the gap. The top of the gap Is at $23.95. If $23.95 doesn't hold it, $17.64 is the next price target. That would be the bottom of its monthly Profile. Maybe you want to take a look at the profile levels For Ticker Symbol ET. Is that energy Transfer? ET, profile levels. Well, on a daily timeframe $14.98, you're trading at $15.20. $14.98 was the top of the daily. Old resistance will become new support. Your above profile levels on the weekly timeframe You are above profiles on the monthly timeframe. Now on a monthly timeframe, energy Transfer is going to go ahead and complete a TD Nine Count pattern. While it's approaching It's TD Nine Count Breakdown level at $15.43. There is a Wave 7 top that is present On the weekly timeframe. I don't see any kind Of a top on the daily. Looks like it wants To continue to rally. But when you do see That top meme, that will likely Get a pullback. And that pullback's first target Is probably about the $14.98 level. Mr. Bill, wanted to take a look at the Semiconductor Index. I mentioned the summaries at the top Of the hour there. Yesterday this thing Formed an island top with a roadsman Diminicator signal. Look very Bearish yesterday. Not so much Today. Price has negated That pattern altogether. So there is no longer a top When I take with the Semiconductors for It's daily timeframe. The weekly is In bar number 8 of a TD Nine Count Says you could see a top in the summaries Between this week and the next two. Request was from Rose inside the Tiger's Den Wanted to take a look at TWST. TWST right now trading with inside It's Bola Structure Daily Profile. Rose, two consecutive close-up $38.63. One should Get you up towards $40.08 at the top Of the profile. You do have a battle At about $40.05. The weekly timeframe. Wave number 7 top. Price pulls back this week Test and rejects that green oscillator And change line. So it's overall signal Is neutral out there. And there's other two requests for Agen and ENVX for Dan In the Den and Duncan Steve. I will Post those into the Den after the Show. Folks, thanks much for your Participation. Have a wonderful Wednesday. I look forward to seeing you on Terrific Thursday. Be safe out there.