 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the October 14th, the Terrific Thursday edition of today's Trader's Edge Show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. We need to make that one little two-by-four shift. Well, 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. It 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 give us a call. We'd love to hear from you, 877-927-6648. If you can't call them, we've got you covered there, too. You can always send me an email. Send it to Steve at tfnn.com inside that subject heading. If you'd be kind enough to put radio show question in our Tigers Den, any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to LUS Show right now. All the U.S. and E.C. is trading the upside. Dows up one and a half percent, as is the S&P 480 and 67 points. NASDAQ's up one and eight tenths percent, 262 points. The summaries are up nearly 3 percent. That's 89 points to the upside. Gold is up three bucks. Silver up 34 pennies. Light's recruited up 58 cents, leading to a charge dollar-wise. It's Google up 66 bucks. Booking holdings 44. ASML holdings up 28 or about 4 percent. Upstart holdings 24, 70 percent, 7 percent. Amazon up 22 or about less than one tenth of a percent. To the downside, our 14 percent is FUTU holdings. AMN healthcare down 10. That's 9 percent. Chart industries off 4 percent. Or eight bucks. Align technology down six. And Avis is down six as well. So no questions that we've got in the queue. So let's just go take a look at the markets overall, see what they're doing. We'll begin by taking a look at the daily profile levels. And we can see here on the left-hand side that the ES is trading above the top of that profile and above a prior swing point right now. That prior swing point that could set up an A to B equal CD at the upside is from October the 7th. The high out there is 44, 21, 50. We're trading right now at 44, 21. Odds favor with price being above the top of its daily profile. A move up to this little junior consolidation pattern up to about the 44, 71 level. The NQ is also trading above the top of its profile above its swing points. That sets up an A to B equal CD pattern. Volume or not, it does. Well, I took a look at the spies. They didn't really have the volume necessarily to take out that swing point. But even if you take out the swing point on light volume, does not mean it won't complete an A to B equal CD. The A to B equal CD in the NQ, the one to one takes you to 15, 219, the 1.272 expansion takes you to 15, 391. And it also has resistance at the top of its little junior consolidation at about the 15, called 15, 400. The Dow has not joined the party just yet. Now it's joined the rally party. But the party that it has not joined is the break above the top of its daily profile. So resistance is held. The high so far today in the Dow equity future contract is 34, 773. 34, 778 is the top of that daily profile. Now with price trading inside this little junior consolidation, this white rectangle area, our skirt won't get blown up until we see a close above. Doesn't have to happen today. 34, 9, 34. You get that. And then the larger consolidation patterns come into play. The Russell 2000 currently traded above the top of its daily profile that could suggest to move up to the top of its consolidation in the 2340 level. Watch today's close. A close above 22, 6690 gives you the signal that price wants to move higher. So that's what's coming from those charts. We look at the weekly timeframe charts out here. And this is what will be really important tomorrow. It's important right now. And that is this. We just see prices consolidated with inside those weekly profiles. Now there is a new weekly profile inside the Dow equity future contract. So in addition to the numbers that we took a look at a daily timeframe, the really critical number for it is 34, 987. If price were to close above that and if this profile holds, what's at this moment it looks like it will, that would be a very bullish move out there. The other side of it, not the other side of it, but the other piece of information from this set of charts is that the NQ, even though we're concerned about a change in trend, you get a change in trend if you close below the bottom of that weekly profile. It needs to really do it for two consecutive sessions, two consecutive weeks. That appears to have been nothing to worry about, at least not just yet. We've had substantial, substantial, what do I want to say out here? What do I want to say? The advanced decline, advances are outpacing decline significantly and we take a look at the advanced decline oscillator reading. That's the New York Stock Exchange up at the top. The center is the advanced decline oscillator. That's a difference between the 39 and 19-day expansion moving average of the advanced decline line. I know it's a mouthful out there, that's why I had to take a bit of a pause. But that's what it is and that's a very helpful feature. Now, as you know, when that gets down to the minus 150 level, that's when we get into that oversold you expect an oversold and or bounce. I've got the plus 150 level. Right now we're trading at 150-250. I wish that the tops work the way that they do at the bottoms, but they don't. That doesn't mean that we don't use that tool. Typically, the way that tops will form using this tool, this indicator here, is we'll typically get price continue to move higher and then we see lower highs in advanced decline oscillator. So that takes a period of days at least to generate. The more important message will be if the advanced decline oscillator close above 150 and right now it's 150-255. When you get close above plus 150, what it tells us, what it signals to you and I, is higher price. That does not mean higher price tomorrow. I didn't say higher price tomorrow. It gives us the signal of higher price and the likelihood because of, now we don't know where the close will be. So this is important. It's really about the close, not where it's trading at 113. But I at least want to be able to help you to understand to the extent that any of you use the advanced decline oscillator for the New York Stock Exchange. If we do get a close above plus 150, that signals were going back to the highs and likely the all-time high and likely above that as well. So that could be a signal on top of the other signals that we've had that the seasonal pattern kicked in and it kicked in last week when the NQ, which was the holdout, generated its Gertley buy pattern. So we'll want to watch that. That is a bullish message as we take a look at the spotball of tunics. We can see clearly below the 50-day exponential moving average in a big way. And now price is headed towards the bottom of that Bollinger ban at 1645. That does not mean that price is going to stop there. What else do we want to take a look at? What else would be important to look at out here? Not much that I can think of with regard to the equity markets at the moment. So what we're going to do here is I've got a technical issue and so we're going to resolve that technical issue during the break. And then we come back to the break if there are some questions, we'll certainly take those. We'll field those. In lieu of that, they're short of that. I do see Hector's written in. Let's take a look at a couple of the symbols out there. So we'll do that. But we'll also go tear apart each of the equity futures contracts. Get a feel for whether or not there's any kind of short-term topping signal that is approaching or maybe here. Steve Rhodes with TFNM will be back in just a few. 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 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 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? That's right. Information. 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At TFNM, you'll get advice and guidance from the authority in technical market analysis and it's not just dry, tedious text either. TFNM airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Now toll free at 1-877-927-6648 internationally at 727-873-7618. Got folks, doubts up 470, S&P up 67 points. Hector's first question is about American TowerCorp. Both instruments said he's requested he wants to take a look for a bottom. So in the case of American TowerCorp, you've got several bottoms out here. So Hector, if you're asking has this formed a bottom, the answer is absolutely. So you've got first, you've got the A to B equals CD pattern out here. This is the one that I'll draw in and we can see that this got down to the 1 to 2 A to B equals CD level. So the first confirmation of that by the D point that occurred right here, big old bullish engulfing candle. That's October the 6th. That was a bullish engulfing and a Q reversal bar. You then get a second and that says at the bottom of that candle, that is at 261.11 is support. That support level never got taken out. When I say taken out a close below, you then get a three river morning star pattern. That occurs between October 8th, October 11th and October 12th out there. So there's another bottom and then you get a hammer candle yesterday. So if the question is, is American TowerCorp trying to form a bottom? Hector couldn't be more clear to us that it is. Now price is inside a slightly bullish structure profile. Price is at the center of that box. That's where both buyers and sellers believe there's fair value. Doesn't mean that price going to continue to move higher could pull back from here. So you're really kind of at a neutral zone as we speak. You're asking for a buy point. You know, yesterday would have been a buy point. Two days ago would have been a buy point. Three days ago would have been a buy point. We've really kind of covered that. So yeah, you've got a buy point inside of American Tower out there. Now I would say it's a buyable bottom. You can see that price is below the weekly profiles and consolidating inside the monthly. So you know, it's not like you've got the wind totally at your back, but with regard to the daily timeframe, absolutely. So let's pull over the Stevie's White background charts. That's just going to show the road's meant to mid-to-kill. You've got a second, a fourth signal out here. You have wave number G. That's a wave number seven, I should say. Letter G in the Chapman Wave system. This is not the Chapman Wave system. You want to actually learn that from Basil. This is just really one element of it. But we do know that at wave number seven, we can see turns in the market. So you've got everything that you want here. Now price can get above 273. The message is that price wants to get back to 297 out there. You're looking, I don't know if you want to get cute out here. And I'm not saying that you're not cute already, but I meant cute with regard to trying to enter this. So if we take a look at a 30-minute timeframe chart, we're going to see a TD nine count top that is in place out here. That formed Hector at 10.30 this morning. Price has just moved sideways. So without much of a pullback, the cuteness would be getting down to about the 266.62 level. Don't quote me on the exact 62 cent because price is going to move up or down depending on with regard to the oscillator and change line. So you could get a little bit of a pullback out there. Now price got below the oscillator and change line. You'd be looking at 264, 263. I don't have any indication to suggest that that's what's going to happen out there, but a little bit of a pullback would make sense. If I look at the 195-minute chart, that looks good. That's got a bottom. The 130's got a bottom. The 65's got a bottom. So yeah, this is absolutely trying to bottom Hector. So I hope that that helps you out and best of luck to you inside of American Tower. Your next request, which was for a public service announcement, I believe, PSA is a ticker symbol. And that actually stands for what? Public storage. Public storage trading above the top of its daily profile. It's way to resistance. That's the top of the weekly profile, 327. Price trading at 323. And the top of the monthly is at 322. And price is basically trading right into that. Now with regard to a bottoming signal here, that train left the station. That train left the station on the trading day of, let's get my crosshair out here, the trading day of right here on October the 6th. Nice big old bull shingolfing candle. Confirming a Rhodes-Mentem indicator signal. This was in a nice big old bullish structured profile Hector. I wish we had looked at this four, five, six days ago because that was a nice setup. You really like to see bottom patterns form. And either shortly thereafter or perhaps or even while it's forming, price gets back inside of a bullish structured profile. If you're asking me, where is PSA headed to? Well, 33088 is the likely target. That's its TD9 breakdown resistance level for the daily timeframe. I would say that ship has already sailed. You'd be taking this on a momentum move. You wouldn't take it now, that's for sure because you do have a TD9 count top for the 30 minute timeframe. And we may see a pullback. Price has got to get below that oscillator and change line. So I'd say let PSA sit on the side and focus on AMT. So Hector, thanks so much for writing in. I hope that helps you and Patty out. Have a terrific Thursday out there. So no more other requests at the moment. And so let's do what I suggested that we would do, which is go pick apart each of the equity future contracts out here. So give me a moment. This will take just a few moments to set up. I've got to change screens and actually get one screen powered up. So I think we've got that all set now. So here we're going to be looking at the ES mini. Stevie's eight panel set of charts out here. Take it a long term. Maybe we go back and take a look at the monthly all the way down to the 30 minute timeframe chart. So on the 30 minute timeframe chart for the ES, I'm just going to go to first because we see a TD9 count top that formed this form. Oh, I take that back. We do not have a TD9 count top. So I don't have a topping pattern. Yeah, I could draw on all kinds of A to B equals CD patterns out here, but we're not going to. So you've got to pull back and we respect the A to B equals CD. No reason for me to draw that in. So the first level of support in the ES mini on a 30 minute chart is going to be about the 4418 level. If that level is just tested and rejected, then it's back off to the upside. As I scan the other timeframe charts out here, looking for any kind of a potential topping signal. I do see a TD9 count pattern in the 240. That bar closes at 2 p.m. So another 36 minutes from now, but it could be the bar following that, which is not till four o'clock inside the ES mini. So can be bar nine, which is going to format to, but it can also be the bar following nine. That'll take us to 4 p.m. With regard to any other signals out here on a topping pattern, I don't have them. So it's really only the 240 minute chart. Whatever's going on in the 30 minute chart out here right now, nothing big. Watch for price to likely hold that green oscillator and change line, which has been tested several times since last evening, early this morning and prices just held that level. Nothing else to really report there on the ES and IC. So let's continue moving forward. Let's go next to the NQ. We take a look at the NQ. Here we've got the same set of charts out here. The daily form that hammer candle, that was back on the trading day of October 6th, though about six, seven, eight trading sessions ago. And that was its confirmed Gertley by pattern in the seasonal favorable seasonal cycle. Price as we talked about during the open to the show right now is trained above the top of its daily profile. A close above the top of its daily profile would be a bullish signal. Do we have a TD nine count top in the NQ? And the answer is we do. So we don't have it in the ES, but we do have it in the NQ. And in the NQ, we've got it for the 30 minute timeframe. I still say that the NQ is probably the most important chart for us to continue and follow. And so the 1230, the high was, that was a bar five bar number nine, 15039. Where was this close here? Close was 15038. So you've got a valid TD nine count top inside the NQ. What does that say? That says first, price should go down and test the oscillator and change line 15009. Folks, the reason that I developed the oscillator and change line was to understand, allow the market to communicate to us to communicate when a retracement is just a retracement or when it's going to turn into something more or when a bounce or counter-trend rally is just a bounce or it's going to turn into something more. If price holds that green oscillator and change line you know the move out there. That's nothing more than getting back to support inside the NQ. So pulling back to 150, don't start saying that's it. It's over. The top is in inside the NQ. Not that it couldn't be, but that's a stretch out there based on everything else that we are looking at in the markets. With regard to the other timeframe charts, let's take a look at those. We get back to the break. I see a TD nine count in the two hour and in the four hour that is four mean and we'll be back in just a few folks. You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an apex predator in the trading markets and join the Tiger's Den Trading Room only at TFNN.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the Den and surround yourself with the sharpest minds in the trading world. 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I've got the two-hour timeframe chart up on our screen. So this candle that we're in right now completes at 2 p.m. Now, the cool thing about this, four-hour timeframe, a two-hour timeframe chart out here. Well, let's take a look at a couple. First, we've got a TD9 count that's already in place. That was on the bar that finished at... It's gonna do at noon. But as you know, in this pattern, at high or high, this is a topping pattern that we're taking a look at. Can form in the bar following bar number nine. Now, the very cool thing about that is, whatever that high is, right now, let's take a look at that high. But whatever that high is by 2 o'clock, your price closes above that at 4 o'clock. That tells you about a strong momentum move to the upside. The high at the moment, $150,000, $0.44, $75,000. Now, the other thing I like to do is go back and take a look at Valentini 9 count patterns out here. See if they've held or if they haven't. If we take a look at the last valid TD9 count top that formed, this was as price was, let me get the cursor out here. This was right here, and right here I'm talking about 4 p.m., 4 a.m., that is, on October the 7th. And that pattern failed and price continued to move higher. Now, I don't know why price stopped where it did. I don't really have a top... Well, I do have an A to B equal CD to the upside, but that formed out there with that dark cloud cover. But that TD9 count, we'd say, really didn't form a top. Okay, and that's what we're looking at. Here's a TD9 count bottom, the one before that. That's a 2 o'clock in the afternoon. Just looking. Does this timeframe respect the TD9s? That's all we're really looking for out here. So October 4th at about 2 o'clock in the afternoon, that was the bottom, as well as a roads meant to indicator bottom signal out here. The top, you can see at $20,000, that's on October 3rd. That was a TD9 count. That was bar number 8. So it does respect, if you take a look at these highs out here, this is at 4 o'clock in the morning, back on September 27th, when this actually made its hide, that was a TD9 count top out there. I believe that was also going along with a TD9 count top on the daily timeframe. So you've got... This is suggesting that either now or by 2 o'clock, we should see some type of top. We also have on the 4-hour timeframe. So let's see when this bar here closes. This bar closes at 2 p.m. as well. That has a TD9 count topping pattern that is in place out here. So let's just keep an eye on the NQ. You've got three TD9 count topping signals for these eight different timeframes. We'll actually take that back. Really, if I'm going to say the eight different timeframes, you've got a TD9 count top on the monthly and you've got one on the daily as well, but that's not what we're really taking a look at. Those were the ones that were associated with the previous highs out here. So really, the first step is watching the NQ and watching that oscillator and change line. Right now, that's printed at 15-0-18. If that holds out there, you should expect a continued rally. We have a caller on the line. We've got call-head seating here. So let's go out to David from Panama City. David, thanks for calling. Thanks for holding. How are you? Doing fine, Dr. Golfer. How are you doing today? I'm doing great. Now, what is it that you wanted to look at? Z-scaler, ZF. I usually secure an email about questions and such, but I'm in New York, New York area actually for my niece's wedding. Oh, cool. And I jumped into ZS yesterday. I went out of the money a little bit, bought me some time. I got the 300 calls, November 5th expiration. Okay. And I want to see if you get whether TB9 or running fibs or whatever. Give me a kind of a projection over the next couple weeks just where you think it's going to go. So what it's dealing with right now, it's dealing with its all-time high. And that was, in essence, the week that began September 6th or the specific day is the September 7th. And the price can close above that high. That high, by the way, is going to be 293.44. What's that? Got it. Same thing. Go ahead. Yeah, let me actually, I see that I'm not sharing my screen. So let me get that out there in case you want to go back and take a look at it on Tiger TV or maybe you're watching on Tiger TV now. So price is dealing with that resistance level. That was really for September the 7th. And what you're looking for is for price to close above 293.44. If it does that, now the volume back then on September 7th was 1.9 million shares, David, and today you're at about 1 million shares. So it's probably similar type volume. So it's not as if it's attacking that level on lighter volume. It already has ticked above that high. It's gotten up to 294.05 today. But what you're really looking for is a close above 293.44. The strain at 292 right now. So let me see if I can see anything else on the other charts out here. You specifically asked about maybe a TD9 count top or anything. I don't see that. You're in bar number seven as we speak. So that's not going to set off the high. It's just the prior resistance level of that dark cloud cover candle. And we look at a weekly chart out here. Weekly chart, again, resistance at the same level on a 30 minute time frame. I've got a TD9 count top that has formed out here. And this suggests that price could pull back to 287.51. It suggests that. But I haven't really seen a signal yet that that's what's going to unfold. So what do you want to do? What are you going to do here, David? You're moving into a swing point. You're moving into resistance. We don't have any clear signal whether price is going to take that out or not. What was the reason that you entered yesterday? Well, my question, if it closes above the 293.44 area, I'm wondering, could it tag 300 and go beyond a little bit? Or do you think it'll do a double top and pull back? So I wish I had the crystal ball to answer that question for you. So we kind of looked to the volume metrics as price is attacking a swing point. And here it's kind of a coin toss, whether it's a similar type volume. If it was explosive volume, then we'd say, yeah, it's got enough to get through that. As far as where it might go from here, what I would do is I've just taken that. We'll do that right now for you just to give you a Fibonacci expansion of its last set of swing points. That looks like about the smallest increment. And that would get you to 30571. That's a 1.272 expansion of that level. But you still have to get it closed above 293.44. And I just don't know whether you're going to get that. Even if you don't get it today though, because it would be on similar volume, price should at least go test that level again tomorrow. So do I see a reason for you to pull the trigger on this? Only that you're in an options trade and you're right up at resistance. And I'm sure you've made a little bit of money so far. I just don't have any other signals other than that. And I don't want to lie to you or anything or make up story. Right. Okay. All right, friend. I appreciate your perspective. Hey, you bet and enjoy New York. And congrats on the wedding and we'll look forward to speaking to you again soon. That was David. You bet that was David in Panama City. He was really in New York City. So what do you want to do next? So I think there was a request that came in. Yeah, there was. So let's take that. That's coming in from David. David H. And that's in the town of Texas. And David wants to take a look at Copper and the upside potential on Southern Copper out here. So for Copper, let's do a couple of different things. First of all, I'm on these black background charts. Let's go find Stevie's 4-panel Copper chart out here. So in the case of Copper, a big huge move two days yesterday, taking out its barest structured daily profile. So that's always a positive. We go look at the weekly price above the top of the weekly profile. That's a positive. Then we go to the monthly. So David, your question might be, even though you didn't ask that question, is where is resistance? And resistance is going to be the top of that monthly profile. We're trading at 462. 471.13 is it. If Copper can close above that, it's free to run back to its highs. Those highs that I'm referring to are back in May. And that would be up at the level of, may tend to be exact, up at the level of about 489. When we come back, we'll take a look at my white background charts. And we'll also take a look at Southern Copper. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? 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That says that a top could form between today and Monday. That's either today's high, tomorrow's high, or perhaps Monday's high. More likely than not, price is going to go target the 478th level. 478 is the TD9 breakdown level. That's coming from the daily time frame. On a weekly chart out here, what Stevie's got, nothing much, it looks very good, very positive. With price above the top of his profile and green oscillator and change line, that gives us a little bit more conviction behind the idea that price should go target the 478th level. So not a whole lot more for you and I to review, I think David with regard to what Dr. Copper's intent is, let's go take a look at Southern Copper. And when we take a look at Southern Copper, today price is above the top of its daily profile. It's doing that with volume of about 970, 2,000 shares versus 1.2 million shares from October 11th. This would suggest that Dr. Copper is on its way to the top of its weekly profile and that's up at this 6485 level. Let's pull over Stevie's white background charts. We take a look at Dr. Copper. We're going to see that it is in bar number seven. I believe that Copper, we're looking at SCCO. Copper was in bar number eight. Southern Copper is in bar number seven. Its TD9 breakdown level is 7091 but really the target is likely going to be about the highs from July 29th and that's in the 6775 level. But it does look like this wants to continue to move higher as well. That's the daily timeframe. The weekly says what? The weekly also says higher. Now that is assuming that today Southern Copper closes above 6230. 6230 is it's a red oscillator and changeline on a weekly basis. Granted, it's only, it's only Thursday in its weekly chart. But like if you can get above that, that would be a short term positive. And that would suggest to move up to 6485 on a monthly timeframe chart. 6448 would be its signal out there. So that's the upside potential. I think that you were looking at for Southern Copper. Not that it can't move higher than that, but that's likely where the next battleground areas are and where price is headed to. So I hope that helps you out. David, thanks so much for reaching out to us and have a terrific Thursday. Let me just check, see if there's any other request out there. It looks like there is none. I don't believe there's anything inside the Tiger's Den. So let's just do what we were doing before. I believe we left off with the NQ. Let's go take a look at the Russell 2000 equity future contracts. See if we can get any kind of information out of it. So we're going to go ahead and change screens here. Give me a moment just to do that. We'll get back to our eight panel set of charts out there. And what do we have? So I'm looking again at my eyes just immediately went to the 30 minute timeframe chart because I see a confirmed top out there. Do I see confirmed tops in anything else? Any other timeframes that is? And the answer is no, no, no, and no. So I don't see anything out there. Let's just go study the 30 minute chart then. So in the case of the Russell 2000, you can see that this has a rogement to indicator top. It was a bearish and golfing camber that formed 15 minutes ago. Price below that oscillator and change line likely targeted to downside in the Russell 2000 would be 2265 10. You can make the case that it could get to 2261 60. There would be nothing wrong with it. That's because that was a slightly bearish structured profile and on a counter trend retracement counter trend move, we would look at about 2261 to 2265 out there as the potential support area on a further pullback out there. Is there anything else inside the Russell 2000? That's worthwhile to bring to your attention. The answer is there isn't. So we're not going to do that. We're going to switch over and take a look at the Dow. That way we will cover it all for equity future contracts out here and was take a look at the YM for its 30 minute timeframe. It's got a TD nine count top. It's got a roads meant to mitigate her top, but look how strong the Dow is. So the Dow was making those topping patterns and price was just really sitting at that oscillator and change line and this has rejected it. So as we speak right now for a 30 minute timeframe, the Dow is a neutral territory because you have a valid top, but you also have support that is held. So how do you play this? Look if the YM on a 30 minute basis, well, I was going to say if it closes above that TD nine count top, it's off to the races, but I see there's a TD nine breakdown resistance level. So 34803 is where the next level of resistance is where the next battleground is if in fact price can take out today's high. Don't know what will happen as price gets up to that level, but that is the next battleground area. As I look for other topping signals for the other timeframes out here, we don't have them. In fact, if anything, the 120 minute chart would just have a valid TD nine top prices trade above that high, that high being 34746 and that's a positive out here. So more likely than not, the Dow is headed back to the top of its junior consolidation. That's in about the 34934 area. I'd watch a 30 minute chart for signals as to what its intentions are. Let's go take a look at Goldilocks and Silver and then we've got to request inside the den to take a look at the GDX. So we'll do that as well and we're just simply going to look at the precious metals before we go take a look at the mining equities. As we take a look at Gold, what do we know? Look on a weekly basis, you have a confirmed Gartley by pattern as price was getting back to its breakout level of 1683. The daily timeframe has a confirmed Gartley by pattern. You're only going to be in bar number two of a TD nine count. The 30 minute chart out here, that's one that shows the topping signal, which has simply led to a sideways move. That topping signal came in at 630 this morning with a little bearer shooting star candle, but all price is doing is consolidating with inside that daily profile. So no damage done there. Just simply your rest from yesterday's move higher. If we look for other topping signals, we do have them in various timeframes. You've got one in the 60. Roadsman to medicaid or top sideways move 120 same pattern, TD nine count top in the 240 TD nine count top that failed on the five hour timeframe chart out here. So I'm just, you know, normal topping patterns, but nothing has pulled. There's nothing here to sit. There's no levels of support that have been broken to suggest that. Okay, the move higher is over or completely over. If anything, the charts are communicating to you and I right now is a 148 in the afternoon price should go target 1839. Now let's go take a look at the GDX out here with regard to the GDX. What do we want to do? We want to get the screens populated. I don't know that I wanted to start there necessarily, but let me pull up the GDX chart. What you're looking at here, by the way, these are eight of the holdings with inside the GDX out there, but I want to pull over the GDX chart specifically because that is what Bob A. I believe asked for. So we take a look at the GDX Bob today is going to become bar number nine of a TD nine count. That says there could be a short term top or significant top that forms today or tomorrow. Remember, it can't be the bar following bar number nine out here. There's a, you know, what's positive is that yesterday was a close above TD nine breakdown resistance, 3156. That's telling us about a change in trend. So now we're kind of, okay, you've got a change in trend and maybe you have a topping signal out here. Where would price pull back to? Well, 3156 would be an area that I would be looking at, but that's what we take a look at the GDX. Now, we talk about or I spoke, I shared with you that today is going to become bar number nine or its pattern out there. I'm going to pull over the chart for the XAU and then if we take a look at the XAU, it is only in bar number eight. Now that can also be a top, but we're likely to not. This is going to go ahead before in bar number nine, maybe even the bar following nine as a higher high. So it does look like the GDX or the XAU wants to continue to move higher, but it is a time to be cautious. There's no topping signal or there's no, there's no levels of support that have been broken on a short term timeframe. Let's move from this chart here because these are these instruments here do not represent the stop sharing start sharing. These charts here represent some of the higher weightings inside the GDX like Newmont mining, not in bar number eight and above a key level of resistance. And if you take a look at gold, Rand gold, Barrett gold, that negated is TD9 count pattern. Steve Rhodes will be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice sure, but you also need excellent instruction from experts at TFNN. You'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 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. 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And when price hits a resistance level, which is 33.05, we're not all the way up there just yet, but as price hits that, what you look for is on a shorter-term timeframe, so we go from weekly down to daily to look for some type of topping signal. And on the GDX, we saw that we're in bar number nine. You can see an A to B will see it into the upside. Now, price is not going to make a one-to-one move. This is going to make more than a one-to-one move. And the reason why I'd suggest that is because the B to C retracement was only a 33% retracement out there, so close to a .382. And the way you factor that, or you figure that out, is just imagine taking a rubber band, wrapping it around your index finger as hard as you can, backing it off only 33% letting it go, measure that kind of energy. If you wrap it all the way around and let it go, which one has more energy? The one that has more energy typically ends up leading to more than a one-to-one A to B equals CD. That's just a little Stevie trick out there, but it's a really important, valuable A to B equals CD tool out there. We can also see the price on the left side of that C to D leg. It's on the strong side. So that's not telling us that the one-to-one. So, Stevie, what does this mean out here? It means we've got, you know, different messages, so always use stops. So as I, let me get back to these charts out here while I mumble and stumble. And that was, the other thing to notice is that there are a couple of instruments that have already voided, negated their TD-9 count tops. Tick or symbol G-O-L-D has done that today, or is doing that. Agnico Eagle, A-E-M. Yet, price is about to hit a resistance level of 5850. So there, and there are, what else is negated? It's TD-9 count top. Looks like Goldfield is about to do that. Well, look, folks, we're out of time. Boy time flies. Stay tuned. You've got two more great hours here. David White, your favorite polar bears up next with the Tower Trading Hour. Tom O'Brien, he'll take us on home, and I'll be back here tomorrow early. 8 a.m. sharp. So please tune in for the Traders Edge Show. We'll make it as pertinent for the one-to-two o'clock show as we possibly can. Have a great day.