August 24th The Trader's Edge with Steve Rhodes on TFNN - 2026

The following is a presentation of TFN, The Trader Edge with Steve Rhodess. Call now toll-free at 1877-927-6648 or internationally at 7278737618. The Trader Edge. Now, Steve Rhodess. Good morning, folks. Welcome to the August 23rd, the magical Monday edition of today's Trader Edge show. I'm your host, Stevie. Perseverance roads who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there's 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 2x4 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 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 11:00 in the morning. I do want you to know that I am absolutely grateful for your presence here. But even more important than that, and that's this. During this next 53 minutes, I'm here to serve you. So feel free to send me an email. Please send that off early and send that to Steve at tfnn.com. Inside that subject heading, please put radio show question now if you're inside our tiger and you really should be. Well then any and every ping will do. So let's go ahead and get this show started on magical Monday. Of course this is Tiger Financial News Network. I'm Steve Rhodess. Welcome to the show. So we got a bit of a mixed bag out there. Now that mix is only coming from the Dow which is trading up 100 points. It's got that nice TD9 cal bottom pattern. We don't have bottoming patterns for the other US indices out there. So, it's going to be kind of interesting to see how this all plays out. The S&P she's down 27 points, 336 for the NASDAQ, 117 for the Russell. Transports 163. Semis 451. Gold's up 50 bucks with silver being down 41 pennies. Light crude is down 215. Natural gas is up 2 cents. 30-year Treasury up basically two ticks. Leading our charge dollar-wise, the upside you got Marcato Libri up 46 bucks or 2 and a half%. Mastercard $17. Costco 16 bucks. Grayscale of 14 and Ulta Beauty 12. To the downside, it's led by SanDisk off $140 nearly 9%. Comfort Systems 86 or $68 4%. Micron's off $68 7%. Seagates down 7% or 61 bucks. And Monolithic Power Systems 4% move 53 bucks there. So, we got some movers and we've got some shakers. Let's begin our day by taking a look at the US equity future contracts. ES mini, she's trading below the bottom of daily profile. actually right now trading below um trading below its weekly uh oscillator and change line which is at 7690. Pressure is to the downside inside the ES mini. Inside the ENQ it's the same thing. We are trading below last Friday's low inside the ENQ. No reason for it not to head lower. And what we'll do is we'll put up the weekly charts for the equity future contract. See if we can I I'll do it a different way. See if we can more easily identify some potential support. In the case of the Dow though, we don't need the weekly chart. Why is that? Because we've got a nice daily TD9 bottom. Price has hold the weekly oscill. But a new profile is attempting to form bullish in structure support of the buy zone between 52 53213 and 53481. It closed above 53481 ought to get us to 53781 and above that the top of its profile 54150. and above that 54 336 the TD out breakdown resistance level the profile won't be confirmed till 6:00 this evening but right now it seems pretty solid Russell 2000 uh was able to reclaim its profile on Friday now we're trading back below it so it's uncertain what it wants to do right now though it's trading below support so we're not uh uncertain about that but I actually do see potentially a higher low so we'll see how the day plays out let's go take a look at the um let's go take a look at the um intraday charts was debating whether to do that or not. We're going to do that. We're taking a look at the intraday charts. I've got the ES mini up on my screen. The ES mini on the 2-hour time frame. You can see that TD9 count bottom pattern forms at 5:00 back on the 20th. Both roads and TD9 count bottom pattern that was tested and rejected so far this morning. Now if we get a close below it if being 765775 we are likely to see lower price in the case of the ES mini4 it's 5 hour time frame A to B equal city pattern to the downside it's got a price projection about 7621 we see roads communicator signal has been triggered for that time period a bullish reversal candle would confirm a bottom pattern out there that's what's going on with regard to the ES let's check out the NQ's charts out here see what it has going on intraday. So the 60-minut time frame chart as a negated rose momentum indicator bottom still has that rose momentum indicator signal present needs a new bullish reversal candle to confirm a bottom. The 10-minute has already confirmed a rose momentum indicator bottom. I don't have a bottom on a 30-inut time frame chart, nor do I have one on the 2-hour time frame chart, nor do I have one on the 5 hour or the 4 hour. So it's a it's a rough here for the Dow equity future account. Now the 30 minute may have formed a by the D point bottom pattern. Let me just open up this chart just to make sure. Yeah, it it did form a buy the D point bottom pattern but price been able to really get back inside profile even above its oscillator and change line. So uh the conditions at this moment in time 112 are pretty weak with regard to the NQ out there. The only exception quite frankly being it 10-minute time frame chart. Therefore, any close below uh 28,94675 on a 10-minute basis, you'll be looking at lower price. Now, I'm going to go over to the daily uh weekly uh time frame. We've got it set up for Alibaba. That was the first request that came in on Friday from GT. We'll come back to that. Let's take a look at the NQ. So, let's get uh this way. We're going to take a look at the daily and weekly soon as I can learn how to type. Um, and what we're looking for is some potential additional support out there, which we're unable to look at and identify on that daily time frame. The reason on the daily time frame is I don't have a breakout level. I don't have a profile level. I don't have an oscill. So, I've got to go to the weekly chart for that. So, the weekly chart now shows that we really are up against a key area of support. And that is the bottom of its profile. That's at 2902040. Now, it's a weekly chart. Now, it doesn't necessarily matter what it does today. Although if it starts trading below that, we can say that you've got pressure to the downside out there. So, uh, the key area, I'm glad that we did this. The key area for the ENQ, the level to be observing, watching 29020. We're trading at 29072 right now. Let's do the same thing here for the ES mini. Get it charts up on our screen. And we we probably ought to do this for the Russell as well. Again, the Dow we're not really worried about at this stage because of the daily time frame bottom that it has inside the ES mini. It is now just back inside its daily profile. So, we closed just underneath the top of that profile on Friday. Uh we're having some follow through today. It being 769375. So, if we ever trade above that, well, that would be an important message. Now, we can also see that last week the weekly time frame for the ES mini generated a rose momentum indicator top. Price is already trading below its oscill. So the next level of support for it would be 75.86. In the case of the ES mini for the September contract, 75.86 is where a counter trend move to the downside would come to an end. It would be between the range of 75.86 and 7693. What that means is means we should be watching the ES mini for the potential of a TD9 count bottom setup. That's the only pattern that I see now. Potentially that couldn't take place until the end of the week. We're only in bar number five as we speak right now. for the earliest could be uh Thursday. Um uh but right now we are in the ES mini. We are we've got a day a weekly top out there. We've got a daily top. Um we don't have a monthly top out there and we got pressure to the downside. Most certainly. Steve Roach with TFN. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee, so you have nothing to risk. For all the details and to start your subscription today, visit the front page of tfn.com. tfn, educating investors. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities, from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So, ignore the pop trading influencers and start learning time-tested technical analysis. Steve Rhodess started his trading career as a student almost 20 years ago and the student has now become the master. 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TFN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tigers Day available to all Tigers and Tigresses for just $1 for the year. There's no cash 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 tfn.com. Welcome back uh folks. So I went ahead and uh during that break and started taking a look at the equated ETFs for us. I want to do that because of the signal we got on the weekly time frame inside the ES mini which was the rose momentum indicator top. Um, and so when I take a look at the weekly time frame chart here for the ES, I don't have that same pattern. Now, I do have wave number seven that we are in. And this week, that could be confirmed with a lower high. Now, the reason that we want to really be paying close attention, it's August 23rd. All right, today's August 23rd. Here's a seasonal pattern for the S&P 500 over the last 98 years. And what we can see is, and it doesn't matter what indicy we put up here, uh, we can see here that September is the worst performing month. So we are approaching and typically we we on on average uh usually takes place after uh Labor Day is when we usually get that that top out there and then we typically move down into the middle to end of October out there. So that's the seasonal pattern and we want to be watching for um and which would be not really that big of a deal what a four-week pullback a one month pullback I mean not not nothing uh huge out there but but we are moving into that time period. So, we want to really be paying close attention to all the signals coming from a daily and a weekly time frame charts out there. Uh, which is why, you know, my my uh the back the hair on the back of my neck was kind of standing up a little bit. The RSP looks great from the standpoint it's negated TD9 count tops, roads momentum indicator tops, but as I say, we do have a wave number seven signal. Now, on a equated basis, price must get below that oscill change line for it to have any kind of significant relevance. When you look at the monthly time frame chart, you can see that whatever might take place would only be a shortterm uh pullback out there. If you look at the bottom panel of the chart, this shows us the cadence of the market. We have rallied for four consecutive months. Looks like we're probably going to have a five consecutive month rally out there. Last time we had a five consecutive month rally, that was back in August of 2025. What do we do the following month? We just kind of move sideways out there. Um so I would expect a similar type thing. Now whether we move sideways or not that I don't know but no top out there the the the price target to the downside for the equated ETF would be about the 210 level we're at 221 right now 219 is the car key car key car key car key car key car key sport on a weekly time frame and the dailyy's got wave number seven it's got a roads momentum indicator topping pattern out here with prices trading with inside its profile now that's the equated for the S&P 500 if we go take a look at the equal weighted for the NASDAQ out here uh the QEW had negated a TD9 count top and now has a rose momentum indicator top. Well, that one would be pretty easy to negate, but it has not been negated. In order to negate that, we just simply need to see a close above 164.82, but we haven't gotten that yet. So, you've got an actual rose mint indicator top on a daily time frame with price trading with inside its profile, support at 159.99, resists up at 16,545. The weekly time frame chart does not have a top, no top whatsoever. In fact, it's got an A to B equal CD pen to the upside. We've attained the one to one level. It's got a road momentum indicator signal. A bearish reversal candle here would confirm a top. So, it's probably things would not start getting rocking and rolling to the downside if we are to see a September that rocks to the downside until we get some type of signal on the weekly time frame inside the NASDAQ 100. The monthly time frame is simply all out uber bullish out there. There is nothing bearish about the monthly time frame. Again, this gets back to, you know, you've heard me talk about this for months on end out there while everybody else was talking about some kind of major top out there. Not to be seen. Not going to happen out there. And we take a look at the monthly time frame chart. Boy, if you ever wanted confirmation in order to have some type of bare market, you must have tops for all three time frames, daily, weekly, and monthly. And we're nowhere near any kind of top of the QEW for its monthly time frame. Let's go ahead and finish this out by taking a look at the Dow. the Dow forming a TD9 gal bottom for its future contract uh for the cash indicy. Did it do the same inside the um equal weight? No, it shows you how strong the it shows you how strong this market is under the covers. Okay, it was only the weighted instruments. It's only the weighted instruments in the NASDAQ 100. We kind of took a look at that. We just looked at the QQEW out there. It hasn't really pulled back that much. Uh we take a look at the ED. We got a TD9 count top out there. So, in order for the Dow to give us a real true breakout message out there, we need to see this pattern fail. And what that means is we must see it close above 4690. Right now, we have price trading above the top of its profile, bullish, below its green oscillator and change line, losses momentum, but it can regain that by closing above 4650. The weekly time frame chart for the Dow does not have any kind of topping pattern, nor does the monthly. The Dow is super super strong out there. If we take a look at the Dow today, priced in major currencies out here. Let's go do that, which it's only indicating higher in. Are we trading higher in the Dow in all major currencies out there? Well, if we take a look at the uh euro, yes, we're trading higher. We're above Friday's high. The same thing with the yen. Uh same thing with regard to the Aussie dollar. Same thing with the Corona. Same thing with the Great British pound, the Swiss Frank, the Chinese one. It's just the Canadian looney. That's looney out there. So we are trading higher in all major currencies. Uh there's no reason for the uh Dow's rally to not continue to stick out there. We're trading higher in all these currencies. Doesn't mean that it will stick. Just means that it doesn't have to stick. But the equal weighted ETFs for the Dow only have a topping pattern for the daily time frame. And if that gets negated, in fact, if it gets negated in September, 4690, that means it closed above 46.90. Maybe this September is going to be different than the other ones. But uh we'll uh we'll take this one step at a time. Let's take a quick peek here before we start getting to some of the requests at the New York Stock Exchange, the advanced decline oscillator. That is still below zero. I believe it is. Uh we have been below zero for about 3 or 4 days. This tells us that uh sellers are the ones that have control. Well, if they have control, how come they're not taking much control, Steo? Well, the reason is because the spot fix index is below it 50-day expense moving average. Now, we do have a kind of a rising bottoms pattern inside the VIX. Uh what's really needed in order for this market or for the S&P 500 to truly rock to the bottom uh side is a close above its 50-day exponential moving average. The current print on that is 1656. Until that happens, we have the sideways choppy-ish type market out there. You know what we should do? We should do one more thing out here with regard to this set of charts, and that's look at the XLK. Let's look at the number one waiting inside the S&P 500. See what its message is to you and I. Now, I believe the waiting is somewhere around 30% or something like that. Um, some huge number. Now, in the case of the XLK, we're trading below profile support. We're trading below its oscillator and change line. Uh, it wants lower price. That's confirmed by the weekly time frame, uh, which is trading with inside its bare structured weekly profile. So, the weekly chart for the XLK is likely gunning for its swing point, this bullish hammer candle that formed the week of July 31st. the top of which is 178.92 the volume of which is 57 million shares so we'll we'll be paying attention to that during the week on a monthly time frame there is a sell the DOI top and therefore if the XLK were to get below it and change line that's at 1714 um we would see lower price now here's the interesting thing about the XLK last month it formed a new profile that new profile is below price. That is a bullish message out there. So, you got a TD9 count top for the weekly, TD9 count rose momentum indicator top on the monthly, sell the DOI top, I'm sorry, TD9 count, rose momentum indicator top on the daily, sell the DOT top on the monthly, but the monthly's given us a bullish signal from a profile standpoint and we're trading above. It's also going to change that. So, the monthly chart is simply neutral, the weekly chart neutral to bearish, and the daily chart somewhat bearish out there. We're in bar number five. Do we go on to form a TD9 bottom on a daily time frame for the XLK? Only time will tell. We come back to this break, we're going to look at Alibaba, ASML, SMCI, GRO, XPEV, and Tesla. Of course, I'd love to hear from you as well. Steve steve at tfn.com. We'll be right back. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right. But you're not most people, are you? At TFN, you'll get the guidance you need to refine your strategies and techniques to invest like a pro. Because you'll be a pro. All TFN subscriptions, books, software, and courses are available at tfnn.com. And I'm even going to tell you how to get them for less. 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We got the stock charts for Alibaba up on our screen, and here's our take. Here's what's going on with Alibaba. Let's start with the longer term time frame. The longerterm time frame, the monthly chart has a confirmed A to B equal CD pattern to the downside that has initial price projection in the $73 area out there. And $73 would get us back towards an entire set of swing points from back in the 2024 time period out there. It's got before it can do that, it needs to close below profile support again on a monthly base. That's at 10,542. There is a rising little price channel out there. Uh but the monthly time frame chart for Alibaba, the pressure is to the downside. We look at the weekly time frame chart, you can see it's been trading in kind of a descending price channel out there. If we were to try to draw that in, it probably looks something like this. We try to come up with this trend. Oh, hold on. Click on it. Um may look something like, you know, something like that. Maybe we go back even further. I mean there's your there's kind of your price channel that we're in. So the key level on the weekly time frame GTE because we are trading below profile support. So make sure I give you this number. Uh profile support is 11943. But the real key area for you on Alibaba is going to be 11557. 11557 is red oscill. Now that number is going to move you know pennies or what have you. And but basically if we close below that then you're going to really have downside pressure. Now, if you close below that downside pressure is going to take us at least back to 10,542, maybe to the rising price channel. The daily time frame has a TD9 count top. That TD9 count top has us also trading below profile support. We closed below it on Friday. We're trading below it today. We're going to get a bearish profile change in trend. Alibaba at a minimum should target 11294. That's the daily TD9 count breakout level. If Alibaba closes below 11294, it what it does, it takes what we just looked at on the weekly and the monthly really come more to fruition out here. So we know about Alibaba right now is we have downside pressure on the daily time frame and downside pressure on the monthly time frame. If we close below that weekly oscillations on again the current print 11562, you'll have downside pressure across the board and I would suggest that probably takes us to the downside. That's what's going on with Alibaba GT. Ron in Denver is interested in taking a uh maybe a call position inside Azimill Holdings ASML. So, let's go help him out. See what we can identify out here partner partner uh uh pattern-wise now on a daily time frame, Ron. And it it'll it'll populate here momentarily. I can see the daily uh TD9 count. No, no, no, no. I take that back. It did not form a daily TD9 count pattern. In fact, it negated a daily TD9 count bottom pattern. So, that's a positive. The negative is that we closed below the bottom of its profile 1761.81 on Wednesday, Thursday, Friday, and today. And today's bar number five. So the answer is no. This is not a good call position. Uh because this wants lower price. Now the price target area is 1582. I'm not saying Ron is getting to 1582. It's the next target area. Where it likely is headed to though is the top of its uh weekly profile. And that uh that level is at the 1721 area. So we're at 1735. We head to 1721. If we get inside that profile, we reclaim that profile, then I'd say 15602, 1582, and 1515 become those price targets. Uh so we do not have anything here that looks like a call position inside of Asmu Holdings. Of course, anything can happen out there. Uh but that daily time frame and even the weekly is saying we've got downside pressure out there on maybe SMCI looks a little bit better. So let's go take a look at its set of charts. See if we can find something here for you. SMCI for its daily time frame. Well, she's trading at about $35.14. It's with inside its weekly profile. The daily has gotten just back inside its profile today. So moving to the downside, trade below its green os and change line. not an ideal situation for a call position. In fact, this is suggesting to you and I at least right now as of 11:35 that what this wants to do is pull back to its buy zone and on a daily time frame that's between 3063 and 3193. The weekly chart has not changed line at 3157. Since we're trading below last week's low, I would say that becomes the price target. 3157 gets us into the daily buy zone out there. monthly time frame chart uh is just consolidating with inside its profile. That's between the range of 2734 up to 3913. SMCI daily time frame chart right now telling you it's lost momentum getting back inside its profile. Looks to me like this wants to get back towards that daily buy zone out there. So, sorry, Ron, that we couldn't find any call positions for you inside of either ASML or SMCI. Uh but keep it up and thanks for the requests out there. Much appreciated. Uh, put this one in here. Let's go to our next request, which is for G O. Go O, which by the way, I haven't heard from Goro and in in a long time out there. I hope he's doing well. Maybe he's called in to Basel show or something. But we take a look at that GRO, the trading instrument out there. We're trading above the top of the daily profile. That's at 303. We're trading above it green change line, Steo. So, that is a bullish signal. Now, it's trading into a swing point. The swing point formed on July 20th and had volume out there of 42 million shares. I'm sorry, 6.7 million shares. Let me make sure. 6.7 million shares. Uh you're trading into it today with 710,000 shares. You closed into it with 1.3 million shares. So you're not getting volume to suggest you test the high, but the other technical indicators say you will or should. And that includes the weekly chart trade profile resistance and a screen on a change line. The same is true for the monthly time frame. Now, the monthly time frame chart does not have a top. The weekly does not have a top. The daily does not have a top. So, you've just got to get back above that all-time high. I'm assuming it's alltime high, but let's not make an assumption. Let's open up the monthly chart. And people, it's not even close to an all-time high. What the Sam heck were you talking about, Steo? So, where this is headed to is a swing point that it's trading into from February 2020. 16 million shares were traded that month. Last month you were pushing up towards it with 110 million. Oh, you like that 110 going into 16. This month so far we are 18. Okay. So what this is and we are no not into the swing point. What this is gunning for Steo? It's gunning for the swing point from February 2020. If it can get through that it'll gun for the swing point of July 2018. So, there's a lot of work to the upside, but nonetheless, it looks like that work has begun. And daily charts, weekly charts, and monthly chart look very good. So, hope that helps you out. As always, thanks so much for your request. Uh S&P would like to take a fuel cell, FCEL. Let's get that up on our screen out here. See what fuel cell is doing. Well, my charts are popping. I'm going swig some water. Looks to me like fuel cell. It's testing a TD Nikal bottom for its daily time frame, which takes us into the swing point from back on July 17th. Volume there was 12.7 million shares. We're into it with 3.6. That gives us what about a 10 11 million share day pushing into a day that's got 12 million shares. We'll finish looking at fuel cell we come back from this break. 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Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS Distributors Inc. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We got fuel cell up on our screen here. This is for S&P inside the Tigers Den. He'd love to find an entry area into fuel cell. So the charts are really kind of interesting here S&P. One thing to notice though uh perhaps most important thing to notice is on the monthly chart we can see how prices rallied up into its TD9 count breakdown resistance level 3844. So you know that is a strong resistance level. So make you know cap that in your calculations for your for your buy um out here for your riskreward. Uh so we know that 3844. Well, we also know when we look at a weekly chart and this formed a uh rose momentum indicator topped back in about five or six weeks ago, a couple months ago, July 10th on its pullback where it found support S&P was at the top of the profile 1694. So, we know that there's strong resistance at 38.44. I would say we also know there's strong support between 1595 T9 count breakout on a daily time frame and 1694 the weekly area. I think that is your range out there. Um, now that doesn't mean we're going to get back down there if we I'm just curious here. This is the potentially a third higher low. Just curious if there's a trend line out here as well. And turns out there is and we're really right into it because what would be more ideal? I tell you what we'll do here S&P actually because we don't have many requests at this stage. Just two more. Tesla and fuel cell. So here's what we're going to do. It's possible, right? It's possible that you're at an inflection point right now and you've got this bullish hammer candle showing up. Obviously, the better buy be towards that 1595 to 1694 level out there. But what we're going to do, cuz we've got the time, let's just do it now. Let's just stay with the thought. Let's not uh let's pull up the um the multi-time frame set of charts and just see what's going on intraday. Uh is that is that little third higher high, is that a potential uh bottom uh for you? And how come things There we go. I was going to say how come things aren't populating. Uh they were there just a lot of uh a lot of data to churn and get through and we just got to do it through for PG and before we can actually get to um before we can actually get to uh fuel cell out there. But we'll get to Fuel Cell. This will assist SNP and and anybody else that quite frankly might be looking at taking a long position inside of Fuel Cell. So momentarily we'll get these things here populated. Um, let's hope. Okay, let's go. FCEL. Let's get it charts up here. And really, our focus is now going to be on that bottom row, 15 minute, a 30 minute, a 65 minute, 130minut time frame chart. Do we have any kind of bottom signals here? Looks like the 30-minut time frame chart has a road momentum indicator bottom. And I would say that if price can close above 1879, that's the top of its profile, that would be a bullish outcome for you. The uh 130minut time frame chart has a TD9 bottom pattern for you. If price can get above 1928, that would be a bullish outcome for you. So you do have a couple of patterns. The 195m minute time frame chart will confirm a TD9 count bottom at 12:45, 1 hour from now. We'll complete that at day's end. Is this the bottom? That I don't know. But do you have enough signals to suggest that that little rising trend line, you know, if you wanted to take a position now? The answer to that question have to be yes. I'd have to go with the yes there. So, hope that helps you out. Uh S&P and thanks for your request. XPEV is what we're going to look at next for GTE. XPV, although I don't think anything has changed here, but without any other requests, why not go look at it? My recollection is this has got a big monthly A to B equal CD pattern to the downside, but maybe it's already attained that level. I can't recall. Let's find out. Now, on the monthly base, we're trading at consolidation. It's the weekly. It's got that A to B equal city pattern. To the downside, price has attained that 1:1 level, which was around the 1161 area. As we open up the weekly chart, we can see that this formed a road momentum indicator bottom pattern last week. That bottom pattern is under pressure. And if we close below 11 to 49, that's low from two weeks ago, it'll negate that pattern and say that we're headed lower. We're trading below its red oan change line. were trading below the bottom of its profile. Wait a minute, Steo. I thought you said there was a weekly bottom. Oh, I did say that. The price never closed above its red oscill out there. Now, we take a look at the daily time frame. XPEV is negating a road momentum indicator bottom. It will do that with a close blow today with a close below 11:49. We're at 1136. Volume on that candle session was 6.8 8 million shares today. So far, you're pushing with 12 million shares. XPEV is headed south. And I know, I can tell from the email, it's causing all kinds of pain. And I'm sorry for that. Use stops. That's the only way to get out of pain out here. I don't see a I see a daily bottom that's getting negated. I see a weekly bottom that may get negated. Sure seems likely at this stage here. and a monthly chart that says I'd like to get back towards $86 and you're at 8 1136 right now. Please put a stop in because if it gets back to 836, that is a substantial that's a substantial hit from 1136 out there. So, that's just my uh my suggestion with regard to XPEV, it's telling you it wants to head south. Tesla TSLA, let's get it charts up on our screen. See what this is suggesting for us. I don't know if this is saying the same thing out there. It doesn't really matter. Each stock chart is different. Of course, no, it's not saying the same thing. Uh, we have a nice um price is trade above a descending trend line. It's trading above the top of it profile on a daily time frame. It's trade above its oscillator and change line. The issue for Tesla couldn't be any clearer. The weekly oscillator and change line 36192. If Tesla can close above that, we are going to see a further rally. A further rally to where? Well, I would say that Tesla wants to rally towards 378 to 392 to 40659. That assumes we don't get some type of daily topping pattern. So, the weekly is dealing with oscillator and change line resistance. Monthly is no problem. No problem with the daily. So, we know that the culprit is that weekly oscillator and change line. So, that's the level to be watching there with regard to uh Tesla. And if it can close above that, you're going to see more rally. But if it does do that in the next couple of days, you could actually form a daily TD9 count topping pattern. We don't have that as we speak right now, but that's something to watch for over the coming days out there. So, that's what's going on for all the requests. Oh, nope. But PG is just got in on the game. Thank you. Thank you for saving my hide. BM NR. So, let's go see what Mim is doing out here. That's a very cute uh quote there, Mr. Bill. I I am not familiar with that one, but that is a cute one. Forget the cheese. Get me out of the trap. Yep. That's why we use stops. We take a look at BMNR. We got a nice A to B equal CD pattern on the upside. I don't know that that was quite frankly a 382 retracement. Let's assume that it was. We're trading on the lefth hand side of that C to D leg. Tells you wants to do more than a one to one level. We've attained the more than one to one level today. We're also trading above its tank out breakdown resistance level. Not just on its daily time frame, but on its weekly time frame. Daily time frame number is 2337. We're at 2455. Weekly time frame is 2337. That's a good number. You close above that, that becomes a beautiful thing. Peak G, that says you continue to motor on higher out there. Yeah, you got peak number F in place out there, but no peak G. The monthly time frame TD9 gal bottom pattern is going to go ahead and complete this month. And this says if you're in BMR, stay in BMR because this says this thing wants to go ahead eventually over time to 44.88 out there. BMR, it's long and it's strong. Steve Roach with TFN. We'll be right back. Many trading newsletters attempt to focus on a narrow set of equities or commodities. 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So, ignore the pop trading influencers and start learning time- tested technical analysis. In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience, Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247. Larry Pesvento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday. Receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. Whether through charts or videos, Larry's analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. 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Tune in live to Tiger TV and transform your trading journey. Because when you know better, you invest better. Join us and experience the difference today. TFN, educating investors. Welcome back folks. We're looking at Coinbase. Co is a ticker symbol is for SNP inside our tiger's den. S&P, if you look at these three charts, tell me where resistance is. Why did price today as an example? Why did price stop where it did today? You're exactly right. It's the top of that weekly profile. That is the entire culprit that you're looking at here for going long. 188.884 is the top of that profile. We rally right up into it nicely on Friday. We retest that level today. That area is resistance. Now, there's no topping pattern. There's no topping pattern on the daily time frame. In fact, the daily time frame cleared a prior swing point on Friday. I don't know if it did it with volume. It doesn't have to do with volume. Did it do with volume? The volume was 13 million shares when the swing point formed. It was with 22 million shares when we passed it. Coinbase wants to get up to 206. At least the daily time frame does. The weekly says prove it. The only way it's going to prove it is a close above 188484 on a weekly basis out there. So that's what you're looking for on a monthly time frame. You got a beautiful TD9 cal bottom. Price has now reclaimed the bottom of that profile by getting above 17279. The bottom's got a nice bottom. The weekly has a nice bottom. It's got a rose momentum indicator bottom pattern out there. The daily, I don't know. But what the daily got is a bullish profile change in trend. So Coinbase has got bottoms. Now the issue is resistance out there. And that's at 188.884. So you're looking for an entry point, you know, a two to four bar pullback towards that daily oscill. Let's close out the show by take a look at the NQ's out here. Let's go see what they're doing, what they've done since we looked at them in that first segment. We've got the NQ on a uh two-hour time frame. It's uh getting ready to form a roadsman to indicator bottom pattern out there and that says that if it can close above 29177 where 29175 we start trading about 29177 we ought to get to 29284 out there. Nice uh daily bottom or nice intraday bottoms forming on the 30 minute on the 10 minute on the 120 minute you could even get on the 240 minute time frame chart. Folks stay tuned for all the great programming look forward to seeing you tomorrow on terrific Tuesday. In the meantime, have a marvelous Monday. Take care. Be safe out there.