 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 December 26 The terrific Tuesday edition today's Trader Zed Show I'm your host Steve, perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day. Let's make sure we have an extraordinary one Now the easiest way to do that is to always remember that life is happening for us not to us That's right once you and I make that one little two-by-four shift Well, it means we can find the gift in every set of circumstances that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I had just passed 11 o'clock in the morning. I hope you're having a great day. Hey, let's make sure we have an extraordinary one Now the easiest way to do that. Oh, geez. I just was repeating myself. How can Stevie repeat himself? That must be a little bit of too much Christmas eggnog out there Hope everybody did have a great holiday weekend. Great great to be back with you. Obviously. We've got a light trading week out there Here's the deal. I'm here during this next 53 minutes to serve you So if you are listening we'd love to hear from you and give us called 877-927-6648 Now if you'd like to call in but you can't call in you can always send me an email Send that off to Steve at tfnn.com inside the sub dictating please put radio show question Of course, if you're inside our Tigers then well then any in every ping will do so let's go and get this show started on terrific Tuesday, of course, this is Tiger financial news network. I'm Steve Rhodes Welcome to the show right now a sea of green out there all the US indices that we track our trading to the upside That includes a spot volatile dex Hmm something to think about but it is still below its 50-day exponential moving average dows up 95 points S&P's up 12 Nasdaq's up 59 Russell's up 11 Some eyes up 48 trainees up 40 golds off 20 cents Silver's down 9 cents likes recruiters up $2 and 8 pennies That's a gasses trading back 8 cents 30 your Treasury is up 6 takes train out at 123 31 The leaders in the clubhouse to the upside you've got Ray Zabio. It's up 31 bucks a hundred percent Not sure what that is. Maybe it's an IPO lamb research not an IPO That's up 13 bucks almost a 1 in 7 tenths percent United rentals up one and a half percent $8 and 76 cents as mill holdings eight bucks a little over 1% to the upside there to the downside our shakers are master Micro-strategy MSTR is a ticker ticker symbol off nearly 2% 11 bucks in change duo lingo of $4 and 45 cents Nearly 2% there Glauco's corporation down 3 bucks 3 and a half percent air B&B down 2% 250 Eli Lilly off 260 That's about a half percent move to the downside Let's look at what you want to look at and what do you want to look at? Well, I tell you what we should look at we are in the last week of the year out there What's the last week of the year poor 10 for us? Let's go find out historically and we'll start by take a look at the S&P 500 this is the chart over the last 95 years the red vertical line represents where we're at today What this suggests is that price should move higher into the end of the year and if we come all the way back to left-hand side We see that typically the s&p Or the yeah the s&p 500 will top around January the 5th So let's remember that January the 5th date. Why should remember January 5th stevo? Well, it turns out We come take a look at the spies out there So i'll just go from the s&p cash to the spy the week of january 6th the week that ended january 6th 2022 That was the all-time high and that was a high for 2022 that says the so-called january effect We want to keep come we want to keep real close Ties on the january high and whether or not that ever gets taken out Right now what should unfold well? We're in a biased week to the upside So says the seasonal chart out there if we take a look at these spies out here on the weekly base They closed inside their swing point that was a swing point again That began the week of january 3rd ended on january 6th of that week out there the volume was 420 million shares Now here's the problem. How do you benchmark volume then versus now? The only way I know how to do it is just volume versus volume if we take a look at the week of december 11th out there Price did close inside that swing point with volume. We're still inside that swing point What is that port 10 that port 10 is a likely test of that all-time high inside the spies That's up at 479 98 out there. So that's what the weekly time frame chart is showing us Guess what else the weekly time frame chart is showing us it's showing us a confirmed a to b equal cd to the upside So whereas on the daily time frame, I can't draw in an a to b equal cd I most certainly can on the weekly and that weekly a to b equal cd pattern It took out that swing point that swing point by the way was the week that began on july the 24th out there and that had volume Of 352 million shares was taken out a couple of weeks ago With 487 million shares now that one to one a to b equal cd. We give this up to five 2054 Is that the call that steve's making? No, but is that potential? Absolutely, you've got a confirmed a to b equal cd out there now We take a look at the monthly time frame chart for the spies prices trading inside this monthly swing point That's one from january of 2022 now the volume there was two billion two and a half billion We're moved into it with 1.3 billion as we speak right now So the monthly chart says don't get your party hats on I don't want to be a party pooper, but it does suggest that price should Or trade about profile resistance by the way inside the spy So 479 98 is still the target out there If you take a look at the daily time frame again The daily time frame has never had enough of retracement out here for media By able to draw in that a to b equal cd pattern What we do have is prices trading above its 1.272 expansion of its last set of fibonacci swing points And that was at 473 10 therefore its next price projection would get us up into the 490 48 level But 479 98 is still the key to be watching. We're likely to go target that We have to always remember that from a seasonal standpoint the market typically forms its top right around january 5th Now this is not just any year out there What year is it steve? It happens to be a presidential election year And so what you and I can do is we can take a look at all those presidential election year cycles And what we see here We're coming back to the left-hand side of the chart is we get a top typically around january 7 moves a little bit lower Then we get the final top out here the final top of at least the winter period It typically takes place right around the january 14th time frame And then what's happens price typically moves lower into may out there So again, we want to watch that january high out there just like in 2022 We take a look at the spies Because that again as they open up the chart here so that you can take a look at here is january of 2022 That was the high for the year out there So we want to watch that first that that's the really if steve were to say what's the real january effect It's watching that high Form in january does price ever close above if it does then we and it and there's always potential that it doesn't We've got several years that you and I can go and take a look at now We take a look at just simply on the spies that is the last several years this takes us back to 2018 What i've got are these little yellow rectangular boxes and you can see this is again a weekly time frame chart That we're taking a look at And here we can see that for the week this also shows just simply for the last three six years out there We have a bullish upside bias. So this is matching what we saw inside the seasonals It's matching what we took a look at we take a look at a to b equal cd patterns for the spies out there And so I think odd's favor folks odd's favor A higher close this week steve roge with tf. Then we get back to this play. Let's take a look at blink nike tesla ar wr We want to take a look at starbucks apple and microsoft. We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report as a newsletter You should try tom. 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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 basal 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 and stock prices get the opening call newsletter by basal 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 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 tfnn All our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk free today tfnn educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders Sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Toll free at 1-877-927-6648 Internationally at 727-873-7618 At folks, hope everybody had a great holiday weekend out there. Of course, we've got another one coming up next week a week from today Well, we'll be a january 2nd, but a week from yesterday Well, that will become the brand new beginning of january about 2024 out there So let's make sure we have a great 2024. We'll do everything we can on this end to help guide you through what the instruments are doing And we're going to start today by taking a look at blink BLNK is a tick assemble out there and what it did had a nice rally this morning And we can see Dan what it did was it ran right up into resistance and resistance with that td9 count breakdown level 407 yes, it traded higher than that. In fact, it's trading into a swing point that formed out here on november the 16th That swing point has volume error of 6.3 million shares so far today We are up with 17 million shares now at price needs to do today If it closed well, here's what here's here's the game plan if price closes below 407 that's low that swing point We're trading below that right now You'll have a test rejection with volume that says that that low at least should be tested again up at 407 Whereas if you close above 407 today That happens to be you know at 408 Let's say that will get us inside that swing point that'll take us above the td9 count breakdown resistance That would then suggest the high gets tested 466 Otherwise right now you've got resistance that is holding That's on the daily time frame chart. No, there are topping patterns in place out there, although This would generate a sell the d-point pattern today I believe that it will if we were to generate a bearish reversal candle and it could it has the ability to form a bearish shooting star I'm not saying that's going what's going to happen, but I can see that as a potential candle formation So we take a look at the a to b equal cd pattern. Yeah, it's done more than the one to one a to b equal cd So now you would have a gap to the upside as well So you'd have one bullish one bearish reversal candle for it So steve would do at the end of the day just really pay attention to volume which we already have and that suggests that blink Should at least test that swing point low again up at the 407 level on a weekly time frame The price were to close the week above the top of its profiles at 375 That would be a bullish signal out there and on the monthly time frame I don't have anything for you here dano So just the daily time frame. It looks pretty good. You know on a 30 minute base I can share with you that his price was making that spike high It was also in the process of forming a td 9 count top that pattern has completed as we speak right now This suggests a pullback to support the first support level is going to be at 384 the second support level will be at 373 So those levels be watching on ticker symbol b l n k Let's take a look at nike for dunking steve inside the tigers dam See what nike is doing ticker symbol there is n k e As we take a look at n a by the way, I was able to to uh resolve my I remember for like weeks If not weeks longer than weeks, I was having that data flow issues where I one set of charts I was getting the correct data and other charts I wasn't and I finally took the uh took the weekend to figure out What was causing that and that's a beautiful thing now steve doesn't have to worry about going back and forth At least for the most part now we take a look at nike out here This formed a td 9 count top and then what we had last friday was a price Just simply took a big nike swoosh to the downside didn't generate any kind of bottom pattern And that's what steve is looking for inside the tigers dam And I have to say right now steve the next potential bottom not from a pattern standpoint Although it is sort of from a pattern standpoint would be priced testing and rejecting that td 9 count breakout level That's down at 106 82 the weekly time frame chart also has a td 9 count top that suggests that price should test 106 82 as well That happens to be its oscillator and changeline I like 106 82 and we take a look at the monthly time frame chart for nike close below 110 80 That happens to be its oscillator and changeline That really sets up that idea of price moving the lower now price moving low if we were to see a close below 106 82 We'd be looking at 103 88 or 96 66 out there So watch nike. I do not have any kind of a bottom signal out there even if I look at a 15 minute time frame So that's a pretty short one We put that up. I take that back. I've got a No, I won't yeah I've got a roadsman to indicator bottom with prices consolidating with inside its profile level So nothing more there. Let's take a quick peek at a 30 minute time frame chart. Get this back on its intended time frame It's also got a td 9 count. So intraday, right? We just took a look at the seasonal patterns out there stevo And so when I take a look at this here, you could easily see a rally inside of nike Just on a short term basis. You've got a roadsman demand td 9 count bottom pattern Now where price should find resistance is between 101 and 109 42 a price were to close above 109 42 That would suggest a further rally, but is that the bottom? I just think that's an intraday type of a signal out there Nothing on the daily. I do hope that helps you out Duncan. Thanks much for taking the time to write in Bob and spokane wants to take a look at tesla ticker symbol there ts la What is it doing? It is consolidating with inside its daily profile. It has a buy the d-point or a garterly buy pattern Price has really been consolidating with inside that profile Support is at 240 402 when we look at the daily time frame chart. Where's the real support? The real support is at that oscillator and changelon. That's currently printed at 251 13 The resistance level that's been tested and so far rejected and that's up at the 259 84 So you're trading between support and resistance odds favor. Well, you're in the side. It's bear a structured profile So I can't really say odds favor move up to 259 84 Um, if we take a look at the weekly time frame chart, you're trading within it what looks like a fairly balanced profile and that's uh Right there says as long as price remains above 252 33 a run towards 272 32 is likely The monthly chart is trading above its oscillator and changelon, which is green Those are bullish conditions as well So I would then come back and say you know tesla is more likely than not At least going to go test friday's high and if you get above that 259 84 would be in the cards If we look at a 30 minute time frame chart for tesla, what do we have out here? We don't have much. We just have a consolidation with inside his profile clear support at 251 80 and resistance Which has not been tested at 250 822. So those are the levels that I'd be watching Duncan and I do hope that that help or that sorry that was bob and spokane But Duncan you can watch that too for tesla. Bob also wanted to take a look at ticker symbol ARWR So let's pull those charts up on our screen and then we can take a look at ARWR It's trading right into its daily td9 cal breakdown resistance level and that's up into 30 73 area There's also a swing point that is trading into that's a swing point on the daily basis from september 14 1.4 million shares were traded then on friday. You closed inside it with 945 000 shares today is going to be or likely going to be a very light volume. Yeah, it's 104 000 shares so far So it's got that resistance at 2073 a price can close above that Then the next resistance level is going to be that swing point high from september 14 and that's at 31 14 31 14 is the level it needs to be taken out in order to suggest to move to 32 79 If 32 79 is taken out, then we're looking to move up to 37 71 or 38 60 out there Does cbc any other pattern? Well I probably can I'm looking right now visually looks like you might have an a to b equal cd The swing point or the b point being that's ready to have december 19 Bob there's 1.6 million shares on friday was taken out with 945 000 shares So it looks to me like that might be more than a 0.382 retracement or closer with 0.382 retracement But really right now for the day bob, you're dealing with 30 73 A period end of story out there and you need to see a close above that In order for those other levels to be considered So I do hope that helps you out with the review of a r w r We're about to go to break here folks We're going to take a look at starbucks for duncan steve apple and microsoft for nancy rachel wants to take a look at entg She's concerned about where resistance is at and we like to add to her position So we'll see if we can help her figure that out steve roge with tf and n. 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Let's uh continue on with our request out here and take a look at starbucks This is for duncan steve inside the tiger's den So steve when we take a look at starbucks out here We do not have a bottoming pattern if anything we could be generating this could be generating a to b Equal cd to downside now the swing point here is from december the fifth the volume there was 16 million shares We closed below it with 10 million shares back on december 20th So that signal has absolutely been triggered. There's a new profile that formed out here stevo We pulled us over to the left a little bit. You'll see it maybe and that actually formed above price That's a bearish signal when we take a look at starbucks So right now inside of starbucks. I'm going to do this on my other set of charts here I just simply want to be able to see What that retracement level of that b to c leg would be out there and then I could also give you the exact Potential price projection now again starbucks closed below the swing point With lighter volume on the day daily time frame that does not mean it will not form an a to b equal cd to downside Yeah, it was about a 33 percent retracement there So the one-to-one price projection again not confirmed with volume but still in play out there Well more in play if price remains below 94 84. We're above that right now That one-to-one would get us down to the 86 19 level turns out that on a weekly time frame We are below profile to red ocelot and changeline. Those are bearish conditions or they suggest a further pullback out here No, what would be the target? You'd have to say it's a td9 count bottom swing point from october the sixth out there The high of which is 93 34 the low is 89 29 If we look at the monthly time frame chart price is consolidating with inside its profile It's below its ocelot and changeline. So there's no breakout session there So it does look like that starbucks is pushing lower has signals that it wants to trade lower the real key level 94 84 Price can get back below that that re triggers that a to b equal cd pattern out there Short-term basis here I don't get if I look at a 30 minute time frame chart. What do we have? We've got a td9 count top. We have price consolidating with inside its profile levels This is a 30 minute time frame chart. So what you want to watch is it can price still maintain 9509 that's the bottom of that profile price were to close below it We've been looking at a move back towards that 94 34 level out there Let's see. What else do I have here for starbucks that I can provide to you? Do do do do Really not too much else that I see out here. So uh, everything here looks basically pretty bearish for starbucks steve Well, at least from a technical standpoint, we take a look at the charts. So I do hope that that helps you out Thanks so much for taking the time to put in a request out there Nancy wants to take a look at both apple and microsoft. Well, apple right now Trading below the bottom of its daily profile out there. That's where the road's meant to indicator top that is in play Now apple also has an a to b equal cd to the downside Let me make sure that a ap l I'll do that work off screen out there But it looks like that was less than a point seven eight six retracement, but steve you would like to make sure out here So a b c Yeah 62.9 percent retracement. So the one-to-one Price projection level out here is going to be at 192 45. We're trading right now 193 even steven The bottom of that daily profile is priced out at 193 06 So close below 193 06 today would be a bearish kind of signal That's interesting thought have resolved all of this stuff. I see it's trading at 193 10 on my other system You don't have a 192. Oh, well, I know that I've resolved it for the most part at least I believe I have Okay, so with regard to apple out here, let's take a look at the weekly time frame chart The weekly time frame chart Nancy suggests Based upon the way the daily chart is trading that if that support level fails at day zen 193 06 we're likely to see it move to 192 29 and 192 29 is the weekly oscillator and change line It's that level that price needs to fail to suggest that we're going to go target the next day to be equal cd price projection levels Those would be 191 03 189 22 and the one the two would be 187 22 So watch today's pricing watch the bottom of that profile out there in the daily time frame And then you'd watch that weekly oscillator and change on right around the 192 area Now quickly on a short term time frame chart out here. We take a look at apple apple has a td9 count bottom pattern That is still in place out here that pattern would get negated on a 30 minute basis with a close blow 192 97 You're getting to trade at 193 08 right now or they're about so watch that 192 97 on a 30 minute basis If you close below that that is going to suggest lower price as well So names that's all i've got when i take a look at the apple charts This will become or could become day number four to the downside with regard to apple If we pull those charts over here, this shows us consecutive closes to the downside and consecutive closes higher to the upside So you can see we are now in bar number four out there If we get beyond bar number four consecutive moves to the downside Odds favor when apple is signaling to and i would be a change in trend So we'll want to watch that come tomorrow out there dance So that's that is really all that i've got for you on apple. I do hope that helps you out Let's go to that next request which was a take look at microsoft msft is a ticker symbol out there And what do we see on microsoft what we see on microsoft really is just simply a consolidation with inside its daily profile You and i we know where support is why because it's been tested so many times and it's held It is definitely support and that's at that 367 level between 365 16 and 367 Where's resistance turns out? It's the top of the profile or at least that's level one of resistance the price is trading just below that right now The top of that profile is up at 374 75 Now if price were to close above that a days in All that signals is move up to the 377 97 area out there If price got to close above 377 then you can see move to 378 31 the monthly chart on microsoft Is nothing but bullish out there New all-time high no topping pattern as we speak just yet nothing that's been confirmed out there Really the weekly time frame has no topping pattern. It's just a consolidation with inside its profiles The daily is one that's got that roadsman to indicator top. That's the level it needs to be taken out That's it's all time high and that's up at the price point out here That's from the trading day of november 29 and that highs up at the 384 30 level So what we would call right now at 1137? We've got to just simply call it that continuation of that consolidation with inside its daily profile Is there anything else that we can find out here for microsoft? Well, if we look at a 30 minute time frame chart, we can see that price is also with inside profile levels out here If price were to close below 373 91 that would signal to you and I a further retracement out there inside of microsoft So dance, I hope that helped y'all with regard to what microsoft is doing as we speak right now at 1137 in the morning The next request is from rachel and rachel wants to take a look at ticker symbol en tg Entg is trading right now at 120 97 it's trading above the top of that daily profile 1982 this is in tegris ink out there So you were concerned of the first concerned of the first question Uh, uh, the first request was to take a look at where's resistance turns out that on the daily basis trading above resistance Old resistance now should become new support. That's 199 82 On a weekly time frame you're trading above all kinds of resistance The only resistance I have here would be down at 109 12 and on the monthly time frame you're trading about profile resistance That's a 1106 its next price target is this td9 out breakout resistance all the way up at 14182 We come back to this, uh, break. Let's try to figure out for rachel Where are areas that she could consider adding to her long position? Steve roge with tfn. We'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving a volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 or t bonds as they both influence forex markets Tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors 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 lary pesavento 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 may be time to take a closer look trade Or chad directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.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 four side fund services LLC This program is brought to you by vista gold traded on the ny sc american and tsx under the symbol vgz Good back up folks. So we're taking a look at integra entg and tegris Uh entg is a ticker symbol. This is for uh rachel So now many of you during that break if you're watching the charts out here, you might have said to yourself You know on that monthly chart sure looks to me like an a to b equal cd the upside in fact you are right now It's not confirmed meaning that that b point out here. That's the week that ended on june 23rd Uh june. I'm sorry monthly june of 2023 june 23rd. Yeah the month ended on june 23rd Uh, sometimes I say things that even wonder me out there. I wonder why I say it but now we could take a look at is that b point had volume of um 31 million shares and right now we're up with 23 million shares But nonetheless the one to one a to b equal cd price projection target becomes 136 84 Now what I did during the break out there rachel said looked at all of the intraday charts when I say all 15 30 65 130 195 looking to see if there are any kind of patterns out there that help us to identify bottoms turned out I really couldn't find it for example. Here's a 30 minute time frame chart. It's been really good at identifying tops Here's a td nine count top for back at 12 noon That was on december 15 took price right back to break out support Which can't be a level of where you would buy so that sort of worked out there We got a wave number seven top price then broke through that break out level I don't know why bottom where bottom but it did you got another td nine count top up here at 10 30 in the morning That was on the 22nd out there price pulled back Tested support closed below it for one moment for 130 minute bar then closed back above it I don't have really great signals here on the intraday chart So that means we've got to revert back to the daily time frame And as we said we began looking at this rachel There's no topping signal old resistance could become new support So that could be a bot I could be a place to add to your position one 1982 One 1894 thereabouts could be another one. We take a look at that daily time frame chart now Here's what you want to watch for it price spikes above last week's high last week's high in this instrument was 122 even steven it price spikes above that this week or next week that could Set up a td nine count top It's really three weeks from now when that pattern could complete out there So you want to keep an eye on that but otherwise everything for integrus looks pretty good out there So stay with that current position It's you know, not much of a pullback to get back to the 1982 level. So just do whatever feels right there So hope that helps you out. Thanks much for taking the time to write in Mr. Bill inside the tiger said is interested in what gold is doing specifically Mr. Bill wanted to take a look at a 10 minute time frame chart So we're going to do that as well as take a look at all the other time frames for goldilocks So first let's put that 10 minute chart up on the screen for mr Bill and tell him what we see here and what's db sees here is a buy the d-point pattern a to b Equal c to d it was more than a one-to-one price extension the first boulders reversal candle that formed out here on the 31 a 10 minute time frame that was at 10 10 or 10 o'clock this morning So that confirmed to buy the d-point pattern what we have now is prices trading above the top of that 10 minute profile Out here mr. Bill when you trade above resistance that suggests that we continue to move higher its next price target Well, he gets back to the highs of this morning Maybe the high at 8 30 up at the 20 75 30 level So that's what the 10 minute chart out there is telling you she got a bottom Buy the d-point bottom price above profile as long as price remains above that 20 70 level price should continue to rally If we take a look at what else we've got out here Well, you've got price on the daily time frame trading above the top of its profile as well The top of that profile is at 20 62 90 now What we want to be watching here much like rachel and you and I Took a look at as potential on a daily time frame If price spikes above friday's high and friday's high right now It's going to be now and it was in 10 minutes from now and it'll be uh 10 minutes ago That high is not going to change that's up at the 20 83 level if price spikes about 20 83 today tomorrow or Today's tuesday wednesday thursday or friday out there that would actually trigger a td 9 count top or very likely trigger a td 9 count top So that's something we want to be paying attention to of course if you're a bull It'd actually prefer for that not to unfold out there. Why well, I don't know because it would be a td 9 count top I don't know does gold respond to td 9 count tops out here. Well the last one that formed that was on a trading session of november 29 We can say the answer that was no it was negated immediately out there That's what formed that sell the d-point pattern with that bearish engulfing candle Here we can see another td 9 count top that formed in goldilocks on october 20th That led to a retracement for about two days testing the support level Of the center of its bare structured profile out there that held But we did get a nice td 9 count bottom out here and that completed on november 13th So we still want to pay attention to them But it looks like the bottoms are better for the td 9 counts than the tops are out there But nonetheless we'll still pay attention to those signals out there now with regard to goldilocks Mr. Bill you're also probably wondering what's the seasonal pattern out here Turns out we take a look at the seasonal cycle and that red vertical line This is over the past 55 years out there This shows us that goldilocks is in a bullish seasonal cycle timeframe with december being the sex the sex was december being the second most successful month from a bullish standpoint over the last 50 years Turns out that january is even more successful than that and what this shows shows us here inside of gold Is that gold is likely to rally up into at least the middle part of january then pull back just a bit into the 30th And then resume on higher into february 22nd or so that's the high That's going to be the important one should price fall along the seasonal cycle Somebody might say so let's wait a minute stevo as long as you're there Even though you only got 55 years. What does gold do during the election cycle? Well, it turns out that's only 14 touch points out there those 14 touch points We're not there just yet But what we are if we take a look at that because if we were that would suggest We would be at a short-term top out there and that's not the pattern that i've called But here during a presidential cycle you get to move up into about the third week of january Then a pullback and then that final high typically takes place in the february timeframe So seasonally speaking out there gold says we got to be careful to how prices trading in the february especially If in the february it is showing a topping signal So overall we take like a goldilocks out there if we look at the other intraday charts There are any real kind of great signals out here steve would have to answer that question is no there's not So mr. Bill I hope that helps out with regard to goldilocks at 10 minute and the other time frame as well as its seasonal patterns And it's always thanks much for taking the time to write in uh Let's go take a look at uh to request here from eddie and eddie wants to take this eddie and bokeh ratoan And eddie wants to take a look at nvidia So let's get those charts fired up on our screen here nvidia trading out about 493 99 Inside it's a profile level. So support eddie 470 to 11 resistance up at the 499 73 level with price trade above its green oscillator and change line It increases the odds of a move up to 499 73 We look at the weekly time frame chart. You've got two roads with dominicator tops Not that two make it stronger than one. You just have to have simply have that resistance level that resistance here Is it 505 48? It turns out that's you're trading into its bearish structured profile zone out there So it could be a little bit turbulent But again, the daily says yeah, I'm turbulent, but I want to continue climbing if we look at the uh monthly time frame chart td9 count top Out there resisted 502 66. So I'd say you've got resistance at 499 73 502 66 followed by 505 48 out there Uh price should target those areas here, especially since we're in the seasonal cycle on friday You had a one day pullback out there so far. So price does continue to move higher. I say 499 73 becomes the target We come back to this break. We'll end the show take a look at amd That also is for eddie. We'll be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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Thanks for holding. How are you today? Steve i'm doing very well um Good new week to you and everybody steve uh We have time Yep, and I see you're posting for me. My question to you is have the march contracts for corn Chicago wheat and kansas city week wheat formed big bottoms I'll just listen to what you have to say and I thank you You bet and thanks much for calling. So we take a look at the daily chart here for march week We can see that it has completed a wave number seven bottom. That is letter g on my screen out there today Price is trading above the top of its profile at 474 95. So that suggests a bottom with i'm sorry That's that top of the profile. That is above the center of its bowler structured profile So close about 474 95 john suggests and move up to 485 even steven If we get a bullish reversal candle and you could get it by the end of friday out there on the weekly time frame It'll then have a confirmed weekly roadsman communicator bottom That would add to the idea of a long term top and if at the end of the month Price closes above 482 50 its monthly td9 count bottom will still be retained out there So the answer to your question is it has possibilities? Let's see what happens at week's end what those signals look like Let's go take a look at Uh ticker symbol ke for march of 2024. Kansas city weed out there What we have here is on the daily base this formed a td9 count bottom That was back in the november timeframe out there. Uh, we then had a retracement. That was a Now it didn't totally get back to test that swing point. Nonetheless price right now is back inside its profile John in order to suggest that this thing has made a significant bottom You'd like to see a close above 680 25. It's got a ways to go However, the weekly timeframe chart says that's what it wants to do. Why you've got a nice td9 count bottom out there Price above the oscillator and change line trading with inside its profiles levels So 677 40 and 699 50 are levels to be watching there and finally just a few seconds left Let's get back to that last request out here and that's a take a look at weeds I believe it was weak. Do you want to take a look at? Right. Yes, it was and we take a look at this and right now on the weekly timeframe You have a confirmed roadsman dominicator bottom with price above the top of its profile This suggests to move to 7 10 50 the 649 50 being your next resistance level folks They too for all the great programming. I'll be back with you on wonderful Wednesday. Please have a terrific Tuesday Thanks for joining us. We'll look forward to speaking with you again soon. Take care