 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good afternoon folks, welcome to the December 20th, the magnificent Monday edition of today's Traders Zed show I'm your host D.B. 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. Hey, let's make sure we have an extraordinary one The easiest way to do that. Well, it's to always realize that life is happening for us not to us That's right. We knew when you and I can make that one little two-by-four shift Well, it means we can find the gift in every set of circumstances that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears with those buyers and sellers are communicating to you and I just Passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here But more important than that and that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone You can dial on in at 877-927-66 for it if you can't dial in and we've got you covered there, too Go ahead and let those fingers do the walking That means go ahead and send me an email send it to Steve at tfnn.com and inside the subject heading Please put radio show question. Of course in our Tigers then well any in every ping will do So let's go ahead and get this show started on magical Magnificent marvelous Monday, of course This is Tiger financial news network. I'm Steve Rhodes Welcome to the show right now all the USNC's trading to the downside that I was off 639 points One of the intense percent 80 points for the S&P one and seven tenths percent Nasdaq 264 One and seven tenths the Russell off 61 2.8 percent semis down 65 1.7 percent 20s 2.13 percent or 337 bucks gold is off $9.30 a half a percent Silver's off 1% that's 21 pennies lights we cruise off three bucks. She's trade at 67 67 Natural gas is getting a bid. It's up 11 pennies straight out of 380 lead the charge dollar wise to the upside You've got first citizens bank shares up nearly 5% or 36 bucks Argin X Up 26 8% Kwaid Elkor about 15 bucks or 9% blue rock Residential growth up 11 bucks 71 percent intracellular Technologies or therapies up 18 percent or seven buck grudni's to the downside It's Amazon of 73 bucks 2% Shopify 48 3 and 6 tenths percent Tesla 33 3 and a percent booking Holdings 31 bucks 1 and 3 tenths percent solar edged technologies 28 bucks That's nearly 10 percent to the downside now We do every question is in and I think the request just gonna read this because I did take a quick peek at it Before the show kind of fits in a segue into going and take a look at the equity market So this comes in from Eddie And he says the end queue has been sitting at the 15 five-way level all day. Let's pull over pull over Let's go take a look at the end queue. Well, he's a all-four equity future contract So the NQ right now traded 15 535 So slightly above where Eddie was talking about when he sent this in he said which is also the hundred-day Moving average so I was able to go ahead and put that on here Let me show you that to you so Eddie likes to use apparently the hundred-day moving average. No problem Let's go ahead and show that on the chart out here. That's gonna be in white So you can see the hundred-day Movie now this is the exponential moving average I don't know if he's used in the exponential or simple the exponential printed 15 500 Let's just see where the simple one would be at 15 527 so I don't know which one to use I prefer the exponential over a simple Doesn't really matter. I don't use the hundred-day moving average Eddie that but that's okay You are so we're showing that so that people can follow along now the key level that I'm concerned about with regard to the NQ Is it's prior swing point that prior swing point was from December the third and a price closed below that which would be 15 539 that would actually set up an a to b equal CD to the downside or could set up an a to b Equal CD to the downside it would look like this the a point would be the high that's at November November 22nd level The b-point would be the swing that we're taking a look at December 3rd The c-point would be the high from a few days to go back on I can't tell which day that is looks like the 16th So the 1 to 1 If we do get a confirmed a to b equal CD to the downside that'd be a close below 15 539 you're 15 500 right now That would take us into the 15 227 level and a 15 303 it's the top of the weekly profile So that's an area to be watching there But let me go on and read his question But it is also undercut at December 3rd low how much more Busting down before busting up because support seems to be holding so far You see any hope of a Santa Claus rally so for me the Santa Claus rally began in the early part of October A lot of people take a look at the Santa Claus rally some people use it after Christmas So you know so it's all over the board there So let's just take a let's not worry about the Santa Claus rally so to speak Let's just try to see if there's any kind of a bottom signal. Is that okay with you yet? I'm gonna go ahead and assume the answer is yes, so I'm gonna take the 100-day moving average off We don't have to worry about the a to b equal CD to the downside just yet because we don't know if we take a look at the Yes, mini that's in your left-hand side You can see that price sitting on support there too, and that's the bottom of its daily profiles 4529 below that It has support that has supported 44 96 the bottom of its weekly profile That's the real key area to be watching Eddie is the bottom of the weekly profile for the S&P 500 or the yes mini in this case Here 44 96 50 if we see a weekly close below that that would be Thursday Markets, I believe are closed on Friday for Christmas for the celebrate Christmas to being done at Christmas Eve out here I believe that's those in New York Stock Exchange hours out there Maybe somebody that then can correct me if I'm wrong Doesn't matter, but if there's a close below the 44 96 50 at the end of the week Whenever that time frame is that would be suggesting a potential change in trend So that's gonna be more important to watch and really the end cue But we're gonna try to answer your end cue question So the he has many sit-in-it support the end cue sit-in-it support being your 100-day moving average out here They're also the Dow is not sitting in any kind of support level It is below the 0.618 retracement area Eddie, which would be of the last move up from low to high That would be at about the 34 700 area price below that typically get below a 0.618 retracement level You might go to the 0.786 area that would take us to 34 320 in the bottom of its daily profiles 34 230 So do we see a bottom here from a daily standpoint? We cannot say I cannot say I will not say that the Dow is Sit-in-it support the ES sure the end cue sure the Russell 2000 not a chance In fact the Russell 2000 is now below its daily profile below its weekly profile below a nice little rising trend line Now I don't know where it closes at day Zen with Russell 2000 not looking too good out here now back to Eddie's question here He's asking you know basically do we see any kind of rally anytime soon? So that's a question that maybe is a little bit easier to answer and to answer that We're just simply going to go take a look at the end cue a panel multi-time frame charts So we have out here so in the upper left-hand corner we can see that the end cue is testing a very key level of support This is the oscillator and change line for its monthly time frame now Of course the month is not over that takes place next week But if we did see a close below that that could be trouble that would also be confirming a rose momentum indicator top for the end Cue the weekly chart doesn't really provide us with a ton of information out here So we'll skip that for now. We'll take a look at the daily So in addition Eddie to the daily tagging your 100-day period exponential moving average the breakout level for the end cue is 15 510 15 510 you said 15 508 use 15 510 as a number This is a very even though we don't have a bottom signal But this is where a bottom could form if a bottom is going to form here. We should see it on the intraday charts I'll leave this up here. I believe during the break that we're going into Come back. We'll take a look at it. You can answer the question How many bottoming signals do we have on those intraday time frame charts? And is that enough to say that there's a bottom in the end cue for Eddie Steve Rhodes with TFN? We'll be right back 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 TFNM all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNM.com and try mastering probability 30 days risk-free today TFNM educating investors What's separating you from the most successful men and women on Wall Street? 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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 TFNM.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 folks So we're trying to answer Eddie's question out there was multitasking not doing a very good job of it So we're we're taking a look at the NQ charts here. You know that price sit at support 15 5 10 That's a teeny-nine breakout level of support inside the NQ for the daily time frame So the possibility that a bottom could be here on the 30-minute time frame chart. That's the upper right-hand corner I don't really have a a why take that back. I take that back. We've got wave number seven so wave number seven formed out here at noon and Only a spike below 15 492 would negate that signal. So that's a bottoming signal The 60-minute time frame has a roadsman to indicator bottom that formed at five o'clock this morning That bottom still has held throughout the morning out there. So you've got your you've got your roadsman to indicator bottom for that time frame Here's what I would really be looking at so I don't have a bottoming signal for the five hour of the 240 So 300 minute or 240 There is a roadsman to indicator bottom attempting to form for the 120 but the 120 minute chart is really important And it's really important because you know taking a look at the roadsman to indicator bottom that form to five this morning I myself was trying to figure out why did price stop where it did at about 10 o'clock Inside the NQ on that bounce the only thing that I could come up with that was logical, right? Not something Stevie tried to make up or anything was the top of the 120 minute profile out there So we can see that's a bullet structured profile price ran right into it and Found resistance and so that level to be watching for each of you out there is 15 642 Eddie I would say if you see a close but 15 642 now preferably on a two-hour time frame the current bar here closes at 2 so the next one be for the next one would be at the close in essence But that's what I would be looking for some kind of a signal that maybe there's a bottom in I Realize you'd like to maybe buy it now at 15 530 versus wait to 15 640 But it's that the 15 642 50 at this this stage here for the NQ That's the key level to be watching to give you any confirmation of any bottom of any kind of significance out there So I don't see anything else on the other charts out there, and I hope that that answered your question Let me just go back and make sure You see any hope of a Santa Claus and again, we're gonna get rid of the Santa Claus rally idea It's really do we see any sign of a bottom so I think that we've covered that but you know If we're gonna see a sign of a bottom here inside the NQ We most certainly should see a sign of a bottom inside the Dow and the ES mini so as long as we're over here And I don't see any other questions at this moment Let's go take a look at the ES mini see what its signals are for you, and I so let's get back up here The ES mini charts and are the ES mini what do we see so we see a TD 9 count top for the monthly time frame price Is still above its green us that are in change line So that's okay It's neutrals really the signal the weekly time frame chart out here. We've got wave number seven We have a roads momentum indicator top on a weekly time frame So that says okay We could see lower price the ES mean at a daily time frame as a TD 9 count top as a roads momentum indicator top And price right now is sitting at support. That's at 45 37. We're 45 33 Okay, off to the 30-minute chart. We've got a TD 9 count bottom That is in place and a roads momentum indicator signal This suggests that we should see price make its way to 45 51 to 45 63 45 61 is the TD 9 count breakdown resistance level So that's where your sellers are at on a 60-minute time frame chart out here I've got not a zip zilch no confirmation of roads momentum indicator signal out here The same is true for the 120-minute chart We have a TD 9 count bottom pattern on the 240-minute chart and as long as price is not closed below the low of the day I believe it's a low of the day that would be at 45 26 25. No, that's not the low of the day, but so let me If there's a close below 45 6 4 45 26 25 that would negate that TD 9 count signal and you've got a TD 9 count on the five hours So interesting you're sitting basically at support on the ES mini that would be both its daily time frame profile Not the one that is shown on this chart here as well It's just breakout level bottom signals on the 30-minute bottom signals on the 240 bottom signals on the five-hour time frame chart So yes, it's trying to form some type of a bottom out here not for all the time, but you've got enough of them So that's good. Let's take a quick peek here at the Dow equity future contract try to do the same thing out there, you know, if we can see Well, we're just trying to identify for Eddie is whether or not the market is attempting to form a bottom So in the doubt in the case of the Dow equity future contract remember It has pulled back its retracement level from low to high the TD 9 count top up to the resistance level where price has broken down to that 35 900 area were below the point 618 retracement So we're kind of in mid zone out here But the 30-minute chart has a confirmed roads meant to indicator bottom as a TD 9 count bottom You have don't have anything for the 60 minute You have an A to B equal CD to downside on the 120 it has not completed to complete that needs to get down into about the 35500 level You've got a TD 9 count bottom for the 240 and you've got one for the five-hour time frame chart So well, we don't have here and just to summarize this for you Eddie and everybody's we don't have clear signals But if you're an interday trader at this stage here, you're really watching the 30-minute chart out there The 30-minute chart that should inside the Dow equity future contract gets you up into the 34 792 the 34 at 927 Interesting that's kind of a dyslexic thing 792 to 927, but it works for me and so what are you going to be watching for here for some type of a bottom and And The truth is I'm not sure I'm not sure I think I'd right now in the Dow I'd be paying more attention to the ES and the NQ so hope that helps you out Eddie Thanks much writing in we've got a caller on the line. It is who's on the line. We've got Gary Gary and Michigan Gary Thanks for calling. Thanks for holding. How are you? Hey Blunted holidays to you and your loved one Steve. How you doing? Thank you. I'm doing fine and then same to you and the TLT I believe is what you had called about that's the ETM folks that basically tries to emulate a pretty close to 30 year Treasury out here right now. It's trading out at 150 30 Tell the folks what you're doing how I could best help you Okay, great. Well, I've always been for insight from you because Great work you do and I'm I've got Options on the long side. I've been along it's quite a while a few months now But I'm got things expiring in January I've got things throughout the whole next year in it along and at different strike points And I've got some that are a little out of the money and a lot out of the money and obviously some in the money But I'm looking to add to the position. I think it's gonna go only down my opinion It's long term. So say that again. So you're looking at this right? They're gonna go down in the TLT I'm looking I'm bullish the TLT and the TM Whatever the attempt TMF got it. Okay. So you're you're looking in essence right now You're looking for another place to possibly add to your position. Is that correct? Just definitely want to make sure so what I want to do here, just give me if you give me a moment You don't have a choice but ZB 322 I want to get those fired up on my other charts first We're just gonna take a look at the TLT now I was gonna give you an answer as to where the entry area might be for the TLT I would say it be at 149 56 not would be one spot 149 56 Gary is the bottom of its daily profile Another area to potentially add There's a brand-new weekly profile that has formed this week and the buy zone on this is between 145 93 and 148 23. Hey Gary We're about to go to a break here I'm gonna ask you to hold on if you would and come back and we'll continue take a look at the 30-year treasury the TLT and Do our best to assist Gary with an entry area to add to his current position Steve Rhodes with TFN. We'll be right back. 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I don't know what today's candle session will look like when it closes If this were the close right now at 130 I'd say we have lower price coming at us when we take a look at a 30-year Treasury and the reason is Because right now we have a bearish shooting star candle now It's not the bearish shooting star candle per se that has be making that statement Is that the bearish shooting star candle is at the completion of an a to b equals CDT upside? So I'm gonna go ahead and draw that pattern in here So you can see the a point out here Gary was December 9th the bottom of December 9th low the high of December 13th Then in a retracement into the low of December 16th the 1-1 price projection level for the 30-year Treasury was 163 and change out there it hit that and if this is a shooting star if this ends up being a shooting star candle I know it is right now I just don't know what the end of day candle is then this suggests lower price coming at us This would be a guardly by pattern now. I don't know so I don't want to go into all the potentials out there But the first potential is really taking a look at what today's candle formation ends up being any questions about that so far No, perfect. This is what I need Okay, cuz it gave me so during the break so the break was kind of timely because this gave me an opportunity Just to you know without doing it and you know on the fly in in a few seconds You know is able to easily spot and see that pattern out there So with regard to where's price headed to well, you're inside a bullish structured Daily profile for the 30-year Treasury so let's assume this does that you know It may not turn out to be a guardly sell pattern just depends on the end of date candle session If it does this would suggest that we could see the 30-year Treasury pull back to 160 23 or thereabouts And that's what I would use as a gauge for a potential entry into To add to your position if you got a close below 160 23 That could be telling us that this is turned into an A to B equal CD to the downside So any questions about that so far? Do I have a Gary? No, that's great. Yeah, you got me. I just I got a little background noise from meeting you But listening and then Perfect, so I think that It's it I don't really think that I can give you what you're asking for today Only because of the fact that we need to see How the 30-year Treasury ends the day is this a bearish shooting star candle now with regard to the 30-year Treasury Let me pull over my white background to see what other information we can look at out here So on the white background charts, I've got the oscillator and change line So the low of today if you see a close below the low of today out here That would be another signal of prices moving lower out there. I don't know if we'd still have the Bearish shooting star we might but so price is sitting at a level of support So it's kind of a little bit neutral and we certainly need the end of data I hate to belabor that but I think that that's I need to see you know I think we come back to this tomorrow versus today if that's okay with you or or Wednesday One is great. I mean and that's perfect. Yeah, so I'll just give a little time to See where it goes. Yeah, and I'll try I'll try to remember to look at this tomorrow You know, even even if you don't call in just so you have something to go back and take a look at But if you do have a bearish reversal candle You've got a Gertleys cell pattern right now in the 30-year Treasury and that could suggest move back into the 160 23 level, okay Okay, great and awesome. You make it a great day and and Hopefully talk to you before the holidays be well. That would be that would be great Gary Thanks a lot. Thanks a Merry Christmas to you and your family as well So we've got the Dow down 643 the S&P off 80 points right now There was a question in the Tigers den about my Let me see here about the the the change in the bottom of the Weekly profile for the ES mini so we had the ES mini roll over into the March 2022 contract What I use is I use a synthetic version that I've created Other these signal allows me to create that stitches together those contracts better than using a continuous contract And so John that just simply has adjusted that number. That's my best guess as to why the number has changed It's now 44 96 53. I forget what it was before that But those are the numbers to be paying attention to it hasn't really changed our outlook or the key level That price needs to close below other than just a newer number out there. So hopefully that answers your question I don't think there's anything else inside the Tigers den So let's go to some other questions that have come in this one coming from Susanna in Canada Would you please do your analysis on Mara? Mara is the ticker someone the answer is we will Let me get to our three-panel charts out here and to get that typed in Mara And the question is you're long and looking to add to your position If you have time also square so you got it. So if we take a look at Marathon digital holdings Well, we don't like what you don't like is that price to blow the bottom of its daily Bullet structured profile This will be it looks like day number two or maybe day number three below that level and is below the bottom of its Weekly profile and it's back inside its monthly profile So just strictly from a profile standpoint, and I'm not saying this the charts are saying this 741 is where Marathon digital holdings could go. It's at 31 87 again I'm not saying that's where it's going. That's just simply the next profile level that comes into play as we open up Our other daily charts. Well, you've got 31 89 as a key level of support. You're trading right now at 31 90 a close blow 31 89 Says this wants lower price now lower price to wear Let me go look at the weekly chart see what the weekly chart says. Well the weekly chart. Jeez Louise Says this could come back to a buck 85 So you've got rose meant to mitigate her top your below support your only bar five on a weekly base So this says forget about the buck 85 not that I want you to forget about it But the swing point area that this is likely pulling back into is about the 1843 is type range out here So kind of watch the 31 89 area closely now if you get two consecutive closes below that I Tells us we want lower price. What's the monthly chart communicate to us? Well the monthly chart rose meant to mitigate her top price below the oscillator and chains on the month is not over But this is also suggesting lower price out there. So geez you want to add to this position I think we've got to get a clear bottom pattern for you on Marathon digital and I Make a back to the black background charts and just look at a conservative a to b equal CD pattern Out here just to see where we're at in that and this case here for the daily time frame the a point is pretty easy That's gonna be the high from November 9th the b-point That I would be using is the low from November 18th and the c-point that retracement up into December 1st So yeah one to one and it was this passed with volume the swing point had volume of 13 million shares was passed with 17 million shares. So Susanna you have an a to b equal CD's downside That's gonna give you a price projection of at least 21 66 perhaps $11.86 cents out there. So unless something changes, which that could happen at any moment Marathon digital I you don't have a place to add to in your long this I would make sure that I have a stop in place on this because I just don't see a bottom in your blow your below key levels of support out there. So hope that helps you out Thanks much for writing. You also want to take a look at square Let's see if we can find an instrument to give you some good news out here. That would be nice SQ is the ticker symbol and So in the case of square They're below the bottom weekly and monthly profile levels out there son of a gun So let's go see if we can find any good news here for Susanna And on the daily time frame, we're gonna go to a breakout here So do me a favor Susanna hold with us through that break. We'll come back finish. Take a look at square Steve Rhodes with TFN and we'll be right back Are you in the market for buying or selling real estate in the Bay Area? Including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive Experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home Or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow Investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call Tiger real estate LLC today at 727-329-832-22 Or email us at Tiger at TFN.com that's 727-329-832-22. Call us today The technology around us is changing every day with so much happening. It can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week You can get the technology insider at TFNN.com for only $37 and 50 cents Sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee TFNN educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade or Directions daily s and p biotech three times bull and bear ETFs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain prospectus or summary prospectus Please contact direction chairs 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 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 Folks we're taking a ticker symbol sq. That is square used to be square And uh, so susanna you've got a roadsmen to indicator signal that's been triggered And what this needs is a bullish reversal candle and then it needs a close above that oscillator and change line That's a red squiggly line that we're looking at and you can see how that really is held as a key level of resistance We have not seen two consecutive closes above that line since October the 5th Since uh October the 29th out there So it's a key area right now that's printed about 168 and change Don't know what it will be as the days proceed out here But you don't have a bottoming signal inside of square if you are long make sure you have a stop in place The weekly chart you are going to form or appears you will form bar number eight of a td9 count Remember the low of that pattern needs to form on either is bar eight bars eight nine or the bar following that So it could be a bottoming signal um That would uh that that could form this week Uh, but it could also form two weeks from now. So watch the daily time frame That would be the initial signal of the potential bottom the weekly. I'm sorry the monthly looks horrible td9 count top price below breakout support price below the bottom of its weekly pro monthly profile There's a 177 52 this suggests that you could see moved to 42 33 I'm not saying that that's that's open But so watch the weekly and watch the daily charts out there They will be the ones that should provide you with the best signals I hope that that helps you out. Thanks much for writing in and uh, happy holidays to you and your family Mike s writes in Mike wants to take a look at uh the 44 96 tasks weekly support on the es mini corresponds to what number on the spy On the spy so that would be Great question So we're looking at the bottom of the weekly profile and that's going to be 445 23 So here if I expand the weekly time frame chart for the spy What you will see is that all of the bottom of the weekly profile levels when prices move back there And this is since the yellow from back in march of 2020 It's a weekly chart that we're looking at each of those areas has been led by the dip area or the and so that would be 445 23 And a close below that uh very similar to when we close below its bullet structure profile in february 24 Or the week that began february 24 2020 out there We saw you know price continue to move lower and I would expect we would see Something similar at least a further retracement. We'd have to go take a look at other profiles. So What is the task weekly? Bottom support for the cues. Okay, let's go answer that question as well. We put up the qqq We put up its weekly level. It should be down quite a ways. No, I take that back. I take oh Price is sitting at it right now That would make sense. So that level out here. What happened to my uh That's weird Give me a moment. I have to see if I can get my data box back Where'd the data box go? Uh, yeah, it's data window There we go. So now the the number is 379 51. We're trading at 379 45 right now. So this thing is really sitting at support. That's on the cues Let me go back here and take a look at the nq Yeah, so that's not really tying out. So this is this is where Mike we've got a bit of a difference out here. Let me go back to this set of charts So here on the q is the nq and this is the number I would be using I mean, I'll go back and maybe study it But the number that I'd be using would be 1480458. That's the monthly bottom of its profile for the nq out there It's me. That's the more solid one than the number that I just gave you for the qq q series etf But but I could be off my rocker as well But you see the same kind of pattern with regard to price going back to the bottom of those weekly profile levels and holding the sport So that's what I would be looking at Mike. I hope that that helps you out And uh, thanks so much for writing in the next question is from pra deep and pra deep says just following up on This one what price would one cover a tesla short? Position that started at around 800 bucks. So let's go put up our three timeframes out here for tesla t s l a is the ticker symbol And so pra deep is short as he said from about 800 bucks. This is short from 800 uh, so Uh, this is trade at 900. So you're 100 bucks in The hole out here if i'm reading this correctly, maybe maybe you mistyped it. I'll go with with that But so what you're basically asking me to try to do is to find support for you So that's how I'll take that question. I was just trying to get this data box back in line here And uh, so we're taking a good so with regard to tesla price right now is below the bottom of its daily profile out there And uh, that was a both structured profile that suggests lower price It is trading back into an area where I had broken out with from with nice volume back on october 25th You're below that uh breakout level so to speak but And I'd really say that that that would be down at this gap here this gap here being the october 18th area So that would become a target area. We're going to look at my other charts. That's in about the 844 level 870 608 though, that's going to be your first level of profile support That is assuming that tesla does not close back to of 95708 So that's the other area that I'd be watching pretty because prices closed below the bottom of its Fuller structure daily profile if there is a counter trend rally for tesla the level where that counter trend move should end Is at about 95708 that is the center of that bearish structured profile If you saw a close above that that would be giving you a signal that price could move back to 1072 That's not what we have Let me get tesla going on my others greens out here. Let me just do daily weekly tesla And we'll pull this over here should be momentarily So I still haven't answered your question because we're really trying to find it Well, the first level would be 870 608 is a target doesn't mean you would close it out You'd want to see some type of bottoming pattern for that. Let's take a look at tesla on a daily time frame So the next level of support here is 855 50 your bar number six This could form a td9 count bottom by thursday Out here and if it does and price above 855 50 That would then at least give you a signal pradeep of a move back to its oscillator and changeline That's currently printed 1002 It'll be a different number with that bottom form But you can see that the oscillator and changeline has formed a color has changed color And that tells us that over the coming sessions We don't know how many that price net lines should catch up to each other typically the pattern will complete That pattern says okay, you're in bar number six, you know, baby by wednesday you get bar number eight Thursday you get bar number nine. It could be on monday Where you'd get that final type bottom, but i'd be watching the 855 50 level on a weekly time frame chart See if there's any additional information out here. You've got that 876 level That's the top of its profile if price were to close below you'd be looking at 771 maybe 627 And the monthly chart out here says watch 886 That's a level of support and if you can get below that then that would suggest lower price out there So back to the drawing board out here The first level to be watching is going to be that 855 50 ish area and you're going to want to see some type of bottom As price gets down there So hope that helps you out pretty and best of luck to you on that trade Uh, we've got about 30 seconds here before we go to break. Let's go out to john and philly john Thanks for calling. Thanks for holding. How are you today? Steve i'm very well, uh, excuse me very good. Thanks for taking the call my pleasure my pleasure Steve wanted to ask you in your last segment. So i'll hold through this break Yep, about just ideas that you have From now into the end of the year, which is literally just two weeks away And things that might pivot or turn Uh, two weeks out. So, uh, I just wanted to get your thoughts or introduce that question Today going into tomorrow and wednesday. So, um, that's the uh topic of my call Sounds great. 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That's 877-518-9190 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv I had to take off so i'm just going to go ahead and answer that question For everybody else that is still listening and so i've got the spy chart up on my screen out here So here's what we know about the spy is 154 in the afternoon The last time the price was down in this area was back on december 3rd That uh was uh that low out there was a 44892 the volume on the move lower was 137 million shares So we're now 9 3 10 through leveling 12 30 1 30 we're now four and a half hours See how I can do that with my fingers. It's amazing my ability to add and subtract So we're four and a half hours and we're 55 million shares So price is pulling back into support the bottom of its daily profile 450 99 The low so far today has been 451 14 and is doing so with lighter volume We're in a choppy period. There's nothing to suggest that we're not in a consolidation So I would expect that we would see some type of bottom here. We're in the favorable seasonal cycle I'm not expecting that we're going to see the highs get taken out I believe the highs for the year are in and that's across the board for all of the indices out there I also believe that is a dangerous thing that suggests that we should see at least january Or the early part of january into the late part of january the markets move lower It may be for more than just that time period out here So I would expect that we'd see the spy maybe bounce to 463 or 467 What happens if price closed below 450 99 excellent question the next level I'd be watching before 45 23 That's the top portion of the center panel that we're looking at because the bottom portion is the smh's The smh's right now today are trading below the bottom of their bullish structured weekly profile Again, I don't know what the close will be at the end of the week But if we get two weekly closes both the smh's and the spy Below the bottom of their weekly profiles Then the then santa will be delivering coal I guarantee it as much as I can guarantee anything folks Thanks so much for being tuned Uh, stay uh, stay uh stay on board with us. You've got two more great hours your favorite polar bear david whites up next Tom will grind he'll take us on home from three to four. I'll be back with you tomorrow on terrific tuesday Have a marvelous monday folks. Thanks for joining us. Take care of them Thank you