 Mr. Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks Steve does a show here every trading day now Steve and Larry just swapped hours Steve's on every trading day now 11 to noon and Larry is on one to two as you come over to our website that TFNN Steve has a great newsletter mastering probability very easy to get come over you hit newsletters you're gonna see on the right hand side you can get it for one month for $149 you get it for six months for 6.95 which is a savings of 22% or $199 and you can get it for a year for 11.95 which is a savings of $593 or 33% now they all come folks with money 30 day money back guarantee when you get the letter what you're also going to get is a huge amount of webinars to understand exactly how Steve looks at the market each and every day so check it out get over there hit that button and you are off to the races Steve Rhodes what's going on well I'm gonna have to be careful here Tom because I could plump up real quickly you see for the last many years I haven't been able to go out to lunch with anybody you know doing a one o'clock show as you know yeah it's not like you can eat a half an hour before because right they got that food kind of right coming up so to speak so yeah so you know now it's like hey I can actually go out to lunch with that that is so it's these talking about books no doubt and you've heard it with me sometimes if I if I throw some peanuts in like you know you know half all before I'm coming on or something you're burping it man exactly I know I know so that's awesome man well listen that was a I think it's a great swap to man I mean if you both years are gonna do great so it's good for Larry and I think you do to help Larry out that's a that's a wonderful thing so yeah so for me just kind of getting adjusted to it you know I used to have all my doctor appointments in the morning now I'm calling them all and trying to get things switched and everything but hey Tom yeah when we began 2022 you and I before 2022 we were on the air and we were taking a look at this specific chart right here that suggested caution and now that caution folks that Tom had mentioned if you do subscribe to Mastering Probability you're gonna get access to many of the things that we're talking about and what we were what I was referring to with regard to why 2022 was very cautious here was because of all the TD9 count patterns out there yes so if we look at this chart you can see that the Dow has a TD9 count pattern now but a TD9 count pad I can't go through the entire thing folks but basically my charts automate this system when use in a top conform when you see bars 8 9 or the bar following 9 and in many of these instances it was the bar following 9 that was out there that that so far has identified the top so that was the case with the Dow the S&P the Russell 2000 the semiconductors the Nasdaq composite in a New York Stock Exchange so that was a reason to be cautious and with regard to the newsletter each morning subscribers receive this is just one of many of the tools that they receive but here is an overview of the different patterns that I use to help us identify tops or bottoms in the marketplace and this shows those by it if you take a look at you got one column here TD9 daily so you've got the weekly counts the daily counts the monthly counts part of the Chapman wave counts out there you've got my roadsman to indicator signals so this helps for the all the sectors with inside the S&P 500 the index ETFs the diamonds IWM the Q's and the spies out there primary indices you get the equity future contracts you get the metals you've got oil natural gas bonds you've got other commodities and some of the popular ETFs out there so that way in the morning those folks that are managing to the portfolios are trying to identify new trades it helps them to understand exactly where we are inside the market and right now we have many daily indexes that are suggesting that we could see tops this week so the same thing that we saw on the yearly base with regard to TD9 counts we're now starting to get that caution signal as we speak right now so for example the S&P 500 today will complete bar number nine it is the high of this pattern so this says that a top should form between today and tomorrow the same pattern that we have that's the same pattern that we have for the Russell 2000 so they can they confirm their pattern today but again that high can come on the bar following bar number nine just like we look at on the yearly timeframe charts the NASDAQ 100 the semiconductor index the NASDAQ composite they're likely to form TD9 tops by Wednesday so their top should form by or could form by Wednesday you have to check back in listen to the Trader's Ed show tomorrow afternoon and then sort tomorrow morning I should say and then on Wednesday morning to get a confirmation or simply subscribe to the newsletter out there New York Stock Exchange that already has a TD9 count top and that remains in effect unless price were to close above 1535473 the Dow and the Dow transports that would be the upper left hand panel folks and the one that's second from the left on the bottom neither of those as you see have the TD9 count pattern so in order for them to generate a topping signal what I'm looking for is some type of bearish reversal candle and then that would confirm the sell the d-point pattern the a to b equal cd so if we get all that then we're going to have a market that's going to suggest that we've got at least a short term top now the initial downside price targets Tom will become these daily oscillator and change line I have a this list oh you well again another tool that I teach folks out there and that when we take a look at the indices because I don't have market profiles to help the identify support or resistance those become key target areas when you do form a top typically price or a bottom price will typically find its way up to that level of support or resistance in this case here it would be support and these become these are green lines when they change colors I'm looking at the Dow right now in the upper left when they change colors from red to green that tells us that the price oscillator is now above zero and price oscillator folks is a difference between two things the two things that I use are the 19 and 39 day exponents moving average and oftentimes these levels act as support or resistance so those become the first targets on the way to the downside the daily topping signals that we have are lining up with the weekly countertrend rally completion signals you and I've talked about this we talked about how it looks like there should be a two to three week rally if we take a look at the ndx 100 last week was week number three that was the last rally that we had inside the ndx 100 also made a three bar rally so everything is really lining up for at least a short-term top now what I'm not saying is that that's the end of the move out here but if the daily oscillator and change line we talked about that does not hold this support that happens to be this little kind of dash line on my chart out here then what price would do is pull back to the solid line that is the weekly oscillator and change line so with regard to indices we'll watch those OULs out there and we've also need to be observant of the of the market profiles for the equity futures all this is covered inside the newsletter I help identify where support levels are if we take a look at the nq right now tom it's a 10th uniform a new daily profile this is bearish in structure this suggested if we see a close below 13128 I'm not sure we're at right now when you close below the center of a bearish structured profile you typically make your way down to the bottom of that and that'd be at 12740 now this profile won't be confirmed until this evening at 601 but I suspect that we're going to get this top we're going to see a pull back and that this is not the end of this this is not the beginning of the next leg to the downside instead what I anticipate is that we should get a two consecutive month rally just like we did this is a chart here that shows us the 2000 bear market what we saw were several two month and a couple of and one a three month rally out there I suspect that's what we're going to happen with regard to price targets out here I'm looking at this descending trend line this is the weekly chart for the Dow and that is likely where price is going to find resistance and that's going to be between about 34,000 to 34152 but now do I get too hung up on the number what I want to do is look at the pattern as price approaches that area and folks it's very easy to get Steve's newsletter you just saw how extensive it is and you can glance at that in the morning folks and really understand where everything is so come over to our website at tfnn hit newsletters you get the master in probability is right on that right hand side hit it you are off the racist Steve you have a great one safe one we look for the show at 11 tomorrow morning thanks um have a great one man