 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 morning, folks. Welcome to the October 16th. The magnificent Monday edition of today's Traders 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. Hey, 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 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 11 o'clock in the morning. 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 53 minutes, I am here to serve you. So feel free to pick up that phone. Would love to hear from you at 877-927-6648. Now, if you've got a question but you can't call in, we've got you covered there. You can always send me an email. Send it off to Steve at TFNN.com and inside the subject heading, please put radio show question. Now, if you're inside our Tiger's Den, well then any and every ping will do. So let's go ahead and get this show started on Magnificent Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now you got a sea of green out there, all the U.S. sectors inside the S&P 500, all the U.S. indices that we track trading the upside. Dow's up 403, S&P's 55, Nasdaq 191, 97, Russell up 26, Semi-Zero up 58, trend is up 462. The smallest move so far is about one in two-tenths percent and that's coming from the Dow up 400 points. Gold is off 7 bucks, Silver's down 8 cents, Slice recruit off 65 pennies, natural gas down 16 cents, 30 treasure down 1 point and 4 ticks, he's printed out at 111.20. Leading the charge, dollar-wise the upside, you've got Lululemon, 35 bucks, 9 percent, Broadcom, 2 percent, 20 bucks, Old Dominion, 18 bucks, 4 and 6-tenths percent, MicroStrategy, nearly 5 percent or 15 bucks, United Rental, 3 percent, about a 13-point move. To the downside, it's VISTA Outdoor. Back behind the shed, it's been taken to the shed, it's down 24 percent, nearly an 8-dollar move. Onto innovation, Zandalore price is down 4 percent, 5 dollars in change. Moderna down 5 dollars in change, about 6 percent. Ambrex biopharma down 38 percent, that's a 5-dollar move there. Bionitech is down about 4.5 percent, 450 to the downside there. So we got plenty to look at, of course, I want to look at what you want to look at. Where do we want to begin? I'll tell you we're going to begin with actually our first question. This came in from Mr. Bill inside the Tiger's Den. Mr. Bill, want to take a look at the seasonality of the S&P 500. So we've got a number of different charts that you and I can take a look at. This is the longest term chart that we've got, and this is a 95-year chart out here. The 95-year chart suggests that the S&P 500 on average makes it seasonal low right around the end of October out there. Those of you that used to follow my work when I had put together a chart for the Dow this was a hundred and some odd years, the average came in right around the middle of October. So we know from about this point forward, a few days back, but I'll use these necessarily to the day, is when a significant bottom typically forms inside the S&P 500. Some might say, and I could argue, that that bottom already occurred. We can go take a look at that inside the ESMini. In fact, I'm sure we will do that. Last week, or two weeks ago, we had a confirmed Gartley biped on the weekly base for the S&P 500. So there's a possibility that the low is in and that the markets move higher into the end of the year. That's what the 95-year cycle would suggest that we do. Now we've got, we can put as many years or as few years as we want on here. I'm just going to go with the default. Here's a 25-year time period. The 25-year time period says that we typically form a bottom around October 9th. Inside of the ESMini, for those of you that follow along with the show, what we know about the ESMini is that it formed a buy-the-de-point pattern and did it on October 4th. So if we come back here, Mr. Bill, we take a look at this October 9th, when a bottom typically comes in. This over the last 25 years and the market just continues to move higher. We can shorten this up just a tad. We've got a 15-year schedule. A 15-year schedule calls for a bottom around October 2nd. Again, we've got that one on October 4th for the ESMini out there and then a move higher. We can shorten it up just a tad more. I don't want to get beyond 10 years out here, but here's the 10-year program. Now, let's go all the way back to the 95. So that's one set of charts out here. It's only the 95-year that suggests that we don't get a bottom till the end of this month out there. That may or may not be true out here, but this is the 95-year cycle. Now, the nice thing about the 95-year cycle is we can really take a look at where we're at in relationship to our pre-election year, which is what we're at. If we take a look at our pre-election year at this stage here, we can see that typically we don't bottom at all. In fact, we make a high right around the end of July, middle of July, end of July. When did the ESMini on a weekly basis form its top out there? Well, I can tell you on a daily basis. When did it form its top? July 27th. July 27th, and it was actually August 1st as well, where we had that confirmed rogement diminucator top out there. So if you come all the way back here to the 95-year cycle, what this tells us here, Mr. Bill, is that the markets, yeah, we get this running around and rallying, but if you take a look at it, we should be headed lower into the end of or mid-December out there before there's any kind of relief. Right around December the 17th. Now that's a 95-year cycle, has more data points than what we can show you in a 25-year cycle. But here's a 25-year cycle. Here are the election years. So we've only got two, four, six data points to observe. But now on this six data points out here, this shows a bottom right around October 3rd. We know the ESMini formed a bottom on October 4th, and this suggests price moving up. So the question is, which one is it? Which of the patterns, which of the analogs is the S&P 500 following? I provided you with all the information that I can't hear. Does anybody have a clue as to which of these two patterns, the S&P doesn't have to be two, I showed you more than two, is following along? We're going to know the answer, certainly by the end of here as we continue to monitor it. But Mr. Bill, I hope that provided you with the information you were looking for inside of the ESMini or the S&P 500. Let's go take a look at those charts here before we go to break. That way you can follow along with regard to what I said the highs came in, when the lows came in. So let's just change our windows here, get those white background charts. And here you'll see on the bottom portion of the chart, you'll see the A to B equal CD to the downside here on the weekly chart for the ESMini. Two weeks ago we had that bullish and Golfing candle. Last week we had a bullish and Golfing candle. The issue here is really that 44-24 level. That's the bottom of its profile. It was tested and rejected last week. Price is unable to take that out. Yeah, we've got really more of a neutral signal out here. But if price can take that out, we should see a move to 44-75 on the daily timeframe. If we open up this chart, here's that July high that we were talking about. Here's that confirmation of it on August the 1st. And then here is that buy the D point bottom pattern. That buy the D point bottom pattern actually completed, well, right here on October the 4th out there. So those are the tops and the bottoms. The question is, and right now we've got that top of that daily profile up at the 44-30 level for the S&P 500. So I hope that that didn't provide you that insight. If we take a look at the NQ real quickly here before we do go to break, the NQ, no top that we have in place, beautiful TD9 count bottom. And price on Friday as well as today, pulling back the contestant's support of that 15-093 level. Price closed below that. We'd be looking to move down to 14-676 otherwise we should target 15-469. Steve Rhodes with Tf&N, 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 4x report. Teddy Kegstad breaks down the 4x markets every Monday using his 30-plus years of experience as a trading veteran of futures, 4x stocks and options. Teddy releases his weekly Tiger 4x 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 4x markets tremendously. When you sign up for the Tiger 4x report you also gain instant access to Teddy's 60-minute webinar archive. He just hosted 4x strategies and fundamentals what is behind the Tiger 4x report. For all the details and to start your 30-day Tiger 4x report subscription today visit the front page of TFNN.com TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all it's impossible to predict the future right? Like any endeavor in life before you decide it's impossible? Get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil 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 Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. In 2018 and barely miss that mark again in 2019. Finishing it 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. 1-8 Welcome back folks. Still got all the US indices trading to the upsides. Let's get to our first request coming in from Kota inside the Tiger's Den and Kota would like to take a look at Netflix. What do you know about Netflix? Right now let's take a look at it. Looks like you've got wave seven. I've got wave seven of a bottom potential out here. That would be confirmed if we don't see a lower low today. When I mean a lower low I'm referring to a lower low that's at $3.5205. So if we don't get a push down below that you've got a wave seven bottom. Now what price should do here Kota when we get bottom patterns is price should make its way up to its oscillator and change line. That also happens to be near where the bottom of its new profile has formed. That's up at the 360 305-ish area out there so you should see a move there. Now typically when you have a profile that forms above price which is what we have here in Netflix is about overhead supply. Overhead supply insinuates that as a bearish signal out here. But you do have a valid bottom signal if price gets below that not this way today but folks that said below that tomorrow or thereafter that will negate that signal out there. So we have that on the daily time frame. So it's got potential of just simply a counter trend move at this stage of the game with that new profile forming above price. If you look at the weekly time frame there was a rogement indicator top, a TD9 count top, and price below profiles. Price is below profiles looks to me like what the weekly chart is communicating to us is if we get a little bit of this relief rally that price should still resume down towards a 3203 level. Now there's an A to B equal CD to the downside pattern. Let's see if it was taken out with volume. The swing point was the week of August 18th. 21.6 million shares were traded. When that was it was with 22 million shares. So 22 million was going up against 21.6. It was really the number was 21.9. So that's confirmed A to B equal CD to the downside. If we take a look at where that at least that first price projection level is we'll just draw the A to B line we'll just simply move this over to the C point out there. You can see we're below that one to one level. So the next bullish reversal candle that forms should one form on a weekly base for Netflix. That would then confirm a Gartley strike pattern. Short of that 3203 becomes a price target. Now on a monthly basis price right now is trading below red oscillator and change line. That says for the monthly time frame it has a falling price also to blow zero. Those are bearish conditions as well. So that suggests lower price doesn't tell us where at this stage here. Although I mean I can give you some price targets but I'd rather just deal with what we're looking at right now on the weekly time frame which that 3203 level. So we've got the potential for a countertrend move but the longer term charts are suggesting lower price for Netflix. Kota I hope that provided you with the information you were looking for. If not let me know and I'll be happy to get that for you. So let's go on to our next request out here. This would come in from Peter from Park City and Peter wants to take a look at the euro. So let's go take a look at the euro which has the largest impact on the U.S. dollar index we'll get those charts up here momentarily we've got the monthly chart on the upper left out there. Monthly chart shows price below a red oceler and change line a bearish condition. We take a look at the weekly chart and this is the cool thing about the euro setup here Peter is because if we are really going to get to lower price I'm talking significantly lower price when I say significantly lower price I'm referring down to 97 cents that's a TD9 count weekly breakout area that becomes a target that becomes a target if we see it close below the hammer candle from two weeks ago that was bar number nine last week confirmed and completed a TD9 count bottom now what should take place here is the euro should rally up to 1.072 if that unfolds we should see the U.S. dollar index pull back the target for the U.S. dollar index is the bottom of a new profile that's attempting to form and that's at the 1057 level out there and it's a bearish structure that we've got that's trying to form inside the daily time frame for the U.S. dollar index so price should run up to that 117 level but if price closes below on a weekly basis close below that TD9 count bottom pattern which would be 1.0448 that's the number to keep on your pad of paper we see it close below that that's going to suggest that we head back to its swing point area from back in September of 2022 between 95 cents and 1.02 out here on a daily time frame we have a TD9 count bottom price on Friday pulled back tested price this morning pulled back and tested its oscillator and changeline so therefore you've got a valid bottom it has not its held support a key level sport that red line at 1.0506 and that suggests we should see and move up towards its TD9 count breakdown level so the daily and the weekly are suggesting a rally that rally should take us up towards 1.067 to 1.072 going along with that Peter is that bearish structure daily profile in the U.S. dollar index which would suggest it wants to head lower so all this is tying into each other but take a look at some of these other intraday charts out here is anything that sticks out to you or me the only thing that I see that sticks out right now is on a two hour basis it's going to go ahead and complete a TD9 count topping signal Peter so you want to watch that it's going to complete that bar at 1 p.m. today so watch the high at 1 p.m. so even though the shorter term the day the weekly and the daily are suggesting higher price there still might be some type of retracement here that would take place or start to take place between really now where we're at and 1 p.m. if that TD9 count top gets taken out on a two hour basis now I don't know what I know what the high is right now I don't know if that will be the high at 1 p.m. right now the high is 1.0555 I would watch whatever that high is Peter because if that gets taken out that would then confirm that move up to the 1.07 to 1.067 area out there so hope that provided with the information you were looking for on the Euro and thanks so much for your request out there we had John inside the Tigers then asked me a question about the 50-day exponential moving average and the S&P 500 and I've got a chart I was looking for John I couldn't find it I'll try to find it during the day afternoon or evening or morning or what have you because I had it really laid out well that showed how the market behaved when price was above and below the 50-day exponential moving average for the spot volatility it's not the 50-day on the S&P the spot about the 50-day exponential moving average on the spot volatility index and my studies showed I ran this study many years ago which I went through all the historical data and was able to write a program that identified the best exponential moving average for helping us identify when markets were bullish or bearish out there turned out it was the 50-day maybe that has changed over time I don't even have that program is on an older version of software so I can't even run that as we speak right now but I'll pull out I'll try to find that sheet out there but what I can share with you is based upon the work that I've done and that is this when price is above the 50-day exponential moving average not when it's topped out or what have you meaning that the S&P has formed a bottom out there that is bearish or it gives an edge to sellers out there and that edge right now says the sellers are bearish until price closed below that 50-day which is currently at 1630 so I just wanted to make sure I touch base because it was a question that was asked the chart I'll again look for those charts and share those with you so you can see but of course everybody can do that themselves you can create a chart I'm sure you can put at the top the S&P 500 at the bottom you put the spot volatility to that add that tool of the 50-day exponential moving average you go take a look at price behavior generally speaking for the S&P 500 not biotechs is above or below that level out there so see y'all try to find that for you and if I do I'll share that with everybody inside the den here and everybody that's listening in on the show let's go to the next request out there let me close out these charts here for the euro didn't realize I still had those open well I'll go ahead and close out those charts here's what we're going to take a look at we come back to the break we look at soybeans for Koda we're going to look at the treasury the third year treasury for Fletch by the TLT we'll also look at the third year AMTX and SBSW that's the lineup we come back to this break the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI, GDX the dollar, bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations the gold report new subscribers get a 30-day money back guarantee so 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To sign up today and become a part of this educational community of traders just visit the front page of TFNN.com Don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com and hit watch Tiger TV That's TFNN.com and hit watch Tiger TV Welcome back folks you know somebody in the den posted something which made me now think that maybe the question John was asking about was the Friday one day rate of change in the spot politics above plus 10% although that's not what your question was John so but with regard to that and just simply that point that came out here this chart here that we take look at spot politics is I take a look at the one day rate of change that's a very bottom panel out there and the chart here is identified with either blue or green arrows when it's a blue arrow tells us we had a one day rate of change above plus 10% out there which is what took place on Friday now it typically happens on the very next trading session that was last night this morning as we see a bounce or a bottom so we've certainly seen that but again I'm not sure if that's really what John was asking about I'm still going to look for that other chart out there but since that was mentioned and I was speaking about the VIX you know that's what we've got here going now typically when that happens we see some kind of bottoming patterns in the 30-minute time frame charts for the equity future contracts that's typically been my go-to time frame for that signal here I'm going to change screens here momentarily and actually even though it's got soybeans up I'll pull up the 30-minute charts and then we'll get back to the soybean charts but I'll pull those up here and what I would share with you is last night what we're not going to see is a typical signal so the typical signal is one that's down here in the Russell 2000 this is not formed last night this was at 2 p.m. on Friday and that's where in this case here was a TD 9 count and a Rosemont to Mindicator bottom signal out there and that's typically the pattern that I'm looking for but as long as we're on the 30-minute time frame chart out here there's a couple things that we can take a look at as we speak right now now I don't have any kind of uniformity when I say uniformity I mean the 30-minute charts that are in agreement with each other for example the ESMini has a TD 9 count top that completed at 1030 the pattern was negated immediately at 11 a.m. that suggests a strong momentum move to the upside for the ESMini what that would say to Stevie what that should say to each of us that the ESMini wants to go target at 44 30 level that's the top of its daily profile if we take a look at the Dow equity future contract well turns out it has a TD 9 count top that is now in place that took place as we came back on the air at 11 30 well what's going to take place here price should drive its way back to support that support level the first levels right around 34 106 how about the NQ the NQ is going to complete a TD 9 count top at 12 noon that suggests inside the NQ that it wants to go target that oscillator and change line down at 15 to 18 so two of them still have their TD 9 counts the Russell in two of them don't sometimes you feel like in that then sometimes you don't well here the Russell 2000 negated his TD 9 count top right at 10 30 so following along soon with regard to the ESMini so which isn't well I don't know the answer to that question and probably neither does anybody else out there but what we did what we don't have uniformity typically and I'll get back to the uniformity idea here typically when we get that nice bouncer bottom signal with a one day rate of change above plus 10% it will look more like this bottom right hand chart here for the for the Russell 2000 we take a look at where price opened up last night here let's get to where were we right on the right yeah so right here is where we had price open up this I'm looking at the ESMini was just a gap to the upside no bottoming pattern per se associated with that but still price is doing what it's supposed to but back to what it's doing right now watch the NQ should pull back to 15 219 course you want to watch the NQ and the Dow because if those highs get taken out and give you the high for the Dow the NQ still finish up the bar following bar number 9 but if the YEM begins trading on a 30 minute basis might say trade and really mean closing above 34 to 54 that's a signal that it wants higher price as well so those are the 30 minute charts that was a spot volatility you know a number of different tools that it provides us with and those are just simply two of them so let's take a look at soybeans November contract for soybeans out here let's go take a look at it we're getting ready to for this to a rollover into the January 2024 contract I believe but if we take a look at November beans out here two days ago they confirmed a buy the D point pattern now there's a TD9 countdown the only thing about this A to B equal CD to the downside Coda is that this retracement this C is more than 0.786 and once it's like 80 some odd percent but you know I don't like when it violates that because it really says more of a consolidation but when I look at this chart here this is not a consolidation not on this time frame January 2024 may be a consolidation pattern but not November of 2023 out here nonetheless we'll take a look at November 2023 you've got a nice buy the D point bottom price is trading with inside its bullish structured profile it's above the center of that profile it should target 1310 98 on a weekly basis we have a confirmed by the D point pattern out here Gartley buy pattern why because last week was a key reversal bar key reversal bar needs three things need to be an extended condition if you get to the one to one that C to D leg on that A to B equal CD I can assure you it isn't an extended condition out there number two you have to exceed the prior bars high and low in this case here was a weekly high and low it did that in number three and most importantly price needs to close in the opposite direction of that prior trend well it's done that that was an A to B equal CD to the downside now the key level of resistance inside the November bean contract out here is going to be a 1295 50 monthly chart just shows a consolidation with inside profiles but because you're rolling over here and the next couple of days let's take a look at the January 2024 contract out here let's go see what kind of signals that might have and that's really important for anybody that might want to consider trading the ETF SOYB because what's inside there are going to be three or four different future contracts so here's January 2024 now in this case here right now prices dealing with resistance that's the top of its daily profile that number is important to watch is 1304 20 to consecutive closes above that would suggest that okay we've got at least a change in trend for it's a daily time frame here we see kind of that same pattern out there that a to B equal CD to the downside that retracement looks like it's more than a point seven eight six nonetheless we're going with a confirmed by the D point pattern on a weekly basis price didn't get all the way down to where it's well hold on a minute here I was changing things up did it get there yeah it did that's close enough for our workout here so on the January contract you also have a confirmed Gartley buy pattern for its weekly time frame now what you'd really like to see price do wasn't able to do it last week the week before and it closed below it the week before and that's the bottom of that weekly profile so what you really want to see here coda you really want to see a weekly close above 1304 20 if you get that price should then run up to its outside and change line currently printed at 1323 out there and you really want to see that price get back inside their profile why because on a monthly basis you're still below profile support out there so that's what I see when I take look at soybeans I hope that that helps you out and I thank you so much for the request will close out these charts let's go to our next request out there that next request was to take a look at the 30 year Treasury bond that was from Fletch inside the Tiger's Den Fletch wants to take a look at the TLT which we will do but since I'm so close right now to my tab for the 30 year Treasury that's we're going to pick up on first and this is really the key chart out here in my opinion this is the key chart so if we take a look at the 30 year Treasury there's all kinds of A to B equal CD patterns to the downside so the most recent one was confirmed with this bull sash candle on October the 9th then what did price do see this is a slightly bullish structured daily profile out here Fletch price was below that for more than two consecutive sessions where do counter trend rallies and inside the inside anything that trades up to the center of its bullish structured profile that's right it was at the center and that's what took place on October 11 and now we're below the bottom of that profile not looking great but we're right back the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors are China A shares hot or not if you trade China A shares now maybe time to take a closer look trade CHAU or CHAD directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit directioninvestments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 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 so we'll take a look at the TLT right now we're looking at 30 year treasury before that break Fletch if the 30 year treasury today closes below 111 111 14 is the high from October 6 that's its swing point the closes below that level odds favor price is going to go test that by the d-point bottom right around 10829 out there with regard to the TLT those are the charts that you've got up on my screen here this is really just tracking along that 30 year for the most part but in the case of the TLT a close below 8570 would tell you that well to expect price to go test that swing low out here that swing low from October 6 but really it's taken as P's and Q's from the 30 year out here the weekly chart does not have a bottoming pattern it needs a bullish reversal candle to generate a by the d-point and the monthly chart needs a bullish reversal candle to form a to form a roadsmen to Mindicator bottom so that's what I see Fletch we take a look at the TLT and the 30 year and you are most welcome Dan inside the Tigers don't want to take a look at AMTX let's get back up to those charts here give me a moment AMTX and we should be able to pull that up here momentarily and AMTX well this is a nice looking daily time frame chart this form of beautiful roadsmen to Mindicator bottom it did that back on October 4th now what price is doing it's trading with inside its profile so Dan it looks to me like what this wants to do is go target the top of that profile at 510 more likely 522 522 is the TD 9 count breakdown resistance level again Tigers symbol here that we're looking at is AMTX that's a daily time frame that we just looked at let's scrunch in this let's take a look at this weekly time frame what do you have here you have a TD 9 count bottom that TD 9 count bottom that formed out here the week of September 29 that has led to what it should lead to which is a test of its oscillator and change line it did that last week it's doing that this morning that key number is 487 you'd like to see price close about 487 we're actually looking at about 485 right now but you want to weekly close above that not a daily close above that should you get that Dan we should see some further traction to the upside that further tracks the upside we know would take us to 510 522 and above 522 we'd be looking at 659 and 782 the monthly chart not really assisting us with a whole lot although I do see a buy the D point pattern where price consolidating with inside its profile right now it's really going to be the daily it's the weekly the weekly number again is that oscillator and change line and as we speak right now again that is printing out at 487 so Dan I hope that help y'all with regard to AMTX I know you're also interested in SBSW so let's go take a look at SBSW what is that still Bain whatever it is or something SBSW but what we can say about SBSW is man it's a lot of gaps so is this a currency it's got to be a currency thing Cybane still water so it must be so we're not going to pay attention to gaps here because that's likely caused by currency I can't guarantee you that but here's what we know about the weekly time frame the weekly time frame as roads meant to mitigate a signal but no confirmation of a bottom it needed a bullish reversal candle prices dealing with the bottom of its weekly profile this was bullish and structure as well that says if this does rally continues to rally which a daily suggestion that it should that it's got to deal with resistance levels the first one's 614 you're at 608 right now if you can get above 614 the next resistance level will be 651 above 651 we'd be looking at 677 out there your eyes on the 7s for AMTX okay we're on SBSW now on a monthly basis for Cybane still water this is going to should form well should have would it could it it will confirm a TD9 count bottom pattern so long as on Friday price closes below $6.24 624 and you're at 608 so you'd like to you'd love to see a monthly TD9 count bottom form but that says that you don't get much rally here in the daily you're trading above last Friday's high out there your above profile your above an oscillator and change line it is looking like this wants to continue fire but it's going to be about Friday that you're going to be paying attention to where the stock is going to be and then on Friday price B. S. W. closes so I hope that helps you out as well there Dan next request is from Alton Alton wants to take a look at LNG so let's pull up the charts here for LNG didn't have a we got a look here so I take a look at LNG today liquid natural gas is is giving you a cell pattern why really I'm because it right now what we have is a bear that that is a is a bear separating line that confirms the roads meant to mitigate her top now we also see out here Alton is a new daily profile that new profile has resistance at one seventy five fifty we're trading below that right now the next area of support could be this where both buyers and sellers believe there's fair value between one sixty seven twenty nine the bottom of profile that one seventy five fifty level and that's at one seventy one thirty nine your price were to close below one seventy one thirty nine it should make a one seventy oh five ish that's its green oscillator and change line on a weekly basis last week is a very positive sign kind of suggests let me just open up the charts further make sure I don't overstay out it just headed back to a prior high out here so it closed it took out a TD nine count top but now what it's dealing with is the highs from back in November of twenty twenty two and that high there was volume of fourteen million shares last week you were coming into it with nine million shares so prices moving into this swing point high with lighter volume out there so often you're also going to want to pay attention to that high out there should price continue to rally don't know that it will that's at one eighty two thirty five out here so you've got that top that it's dealing with and trade into a swing point lighter volume a daily top out here and a monthly that's just a consolidation so you know to the extent that LNG shinier energy is impacted by the direction of natural gas which it should be this is still holding up really well we're in our highs here for LNG we're not anywhere near the highs with regard to natural gas so all that I hope that help you out with regard to LNG thanks much for the request Nicholas wrote in he wants to take a good bowing BA is a ticker symbol out there and his question specifically is did it bottom today so let's wait for those charts here to populate see if we can answer that question well when it bottom was really about five days or six days ago was on the trading day October 6 the October 6 bottom was a roadsman to indicator bottom that's a swing point that did volume of five point three million shares on Friday price pulled back and test with eight million shares you close inside it said we would test it again well we're testing it today the volume so far today inside of Boeing is one point nine million shares one point nine going against five point three a little over two hours of trading so you're you're pretty similar type volume to that swing point so not until price clears that swing point so did it bottom today it's going against that bottom back on October 6 and maybe doing a similar kind of volume like to see it do it with light volume there and you'd like to see price clear the swing point in order to do that it would need to close above one eighty eight sixty four but the answer to your question did it form a bottom today that bottom pattern was already in place out there now what today's action has done or is doing now it hasn't done it enough what you really want to see for Boeing to get out of the bottom is you want to see a spike this week or next preferably this week you want to see a spike below one eighty two fifty five and then right back above it that would then trigger bar number nine of a TD nine count and that would be nice because Boeing's pulling into its bullish structured monthly profile support area between one eighty one twenty one and one ninety one twenty four out there so all then I hope that helped you out as well we get back in this break we're going to take a look at two symbols two requests will do pretty quickly here in patty want to take a look at new month mining and me and and e m is a ticker symbol and Hector and Patty's questions about the A to B will CD pattern and then the next symbol will take a look at for Greg is looking for an entry point in the valley V a l e Steve Rhodes with TFN and 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 that's Tiger 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x 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 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point it would be easy to identify that would be down here at the October 4th low where we're going to put the B point and Hector you know identified that's what I would do I would do too we picked up this bar number 5 of this CD 9 count you got to use the bottom that candle you got to use the next low that takes place after that that's in the same candle rule number 223 of Stevie's A to B equal CD rules don't use the same candle for both the B and the C swing point out there the other issue that you've got rule number 276 is make sure the retracement is at least a point 382 retracement the retracement of this candle is 17% so you got two things that really knock it out of the A to B where is do not mind and likely headed to it's likely headed to its TD 9 count breakdown level and that's up at the 40 57 area it's likely headed to its swing point that was a TD 9 count top from September 20th the volume there was 6.7 million shares to today you're up with over 3 million right now so you've got nice volume there's 15 million on Friday on a weekly basis do not mind he's got resistance at $41 real quickly let's get over to Val veil out here Valley this is for Greg he's looking for a entry point hmm got a consolidation on the monthly consolidation within pride profiles on the weekly basis and then the daily time frame well I don't have any kind of bottoming signal but what we do have is we have price trained above the top of its daily profile as long as remains about 1326 but it may be doing is trying to set up a further move higher that further move higher though 1377 is the next resistance area out there folks stay programming I'll be back with Tom at about 315 and if I don't see you then or speak to you then we'll see you tomorrow 11am sharp take care have a marvelous Monday be safe out there