September 2nd The Trader's Edge with Steve Rhodes on TFNN - 2026

The following is a presentation of TFN, The Trader Edge with Steve Roads. [music] Call now toll-free at 1877-927-6648 or internationally at [music] 7278737618. The Trader Edge. Now, Steve Rhodess. Good morning, folks. Welcome to the September 3rd, the wonderful Wednesday edition of today's Trader Ed 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. I hope everyone out there's having a great day. And let's make sure we have an extraordinary one. Now, the easiest way to do that, it's to always remember that life, it's 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. than every set of circumstance that life is going to toss at us. Now, today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11:00 in the morning. I do want you to know that I'm 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. Send that up early. And in the subject heading, please put radio show question. Now, if you're inside our Tiger Stand, well, then any and every ping will do. So, let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Roads. Welcome to the show. We've got a bit of a rally going on here. All US indices are trading to the upside now. Dow's up 343 38 for the S&P, 18 for the NASDAQ, 124 for the Russell, 83 for the transports, 11 for the semis, 89 for the Nasdaq Composite, 162 for the New York Stock Exchange. Gold is up 25 bucks, silver 33 cents, light crude 38 pennies, natural gas 6 cents to the upside. Leading the charge dollar-wise, it's Marcado Libre 36 bucks 2%. Dell 21 bucks 5%. McKesen 18 bucks 2%. Uh Meta up 16 bucks. Spotify up 15. To the downside, Mongob down 41 bucks, 10%. Credo Technology 38 bucks, 18%, Pal Networks 8%, 28 bucks. Seagate down 25 bucks, 3%. Uh, United Therapeutics is down 15 bucks, 3% there. We've got some movers and we've got some shakers. But let's begin by taking a look at the uh New York Stock Exchange, the advanced client oscillator. Right now, it is still below the zero threshold level. Uh, this tells us that sellers are the ones that have an edge. Will they have that edge at day end? Well, they could if the spot fix index closed back above the 50-day exponential moving average. It closed above yesterday. There was no one day rate of change above plus 10%. Uh, it is back below that level today. That level being 1623. If we close above that level, it will then provide sellers with an edge. Price should rally up towards that descending trend line. If we pull that back, that starts us off. Well, let me see where that starts us off at. That starts us off right back here on March the 30th. You can see the ES mini. Here's the continuous contract on the very right hand bottom panel. You can see price trade in between a uh rising and falling uh price channel out there. we take a look at the um no nothing else really to take a look at out here. So that being said, let's go take a look at the daily equity future contracts. Now yesterday the ES mini closed below the swing point that triggered an ADB equality pattern to the downside. That ad equality pattern has a price projection of 7597. We are trading below both its oscillator and change lines daily and weekly. The stairst step one is the weekly. We're trading below profile support. This move today has to be what you I will consider this move to be just a counter trend move up to resistance. That would be the 7721 level. If we can clear 7721 different story but right now the story is the one that I'm sharing with you what the market is doing as of 11:10 in the morning. With regard to the NQ the NQ is pushing the swing point from August 24th as well. If it's closes below that level that would be at 28946. It will trigger an A to B equal CD pattern to the downside. We'll draw in the A to B leg. I'll just show you that this is not in effect as we speak right now. We'll just simply move this over. We're going to try to move this over the C point. And should that unfold, that would give us an A to B equal senior with a price projection of 28320ish type area out there. Again, that has not held. That has not happened. It swing point is being tested and it is held out there. In the case of the Dow, it tested its TD9 count bottom pattern yesterday and held and now we're getting a counter trend move. We can see that price is running resistance so far. That's at the bottom of its profile. That's an important level. If we close below it, um then we've got a trading range which is between the T9 count bottom and the bottom of that profile at 53213. If we take out that T9 count bottom, there'll be a fairly large A to B equality pattern to the downside. In the case of the Russell 2000 today, we've kind of got an inside bar. It is a bullish reversal candle to confirm a buy the Dpoint bottom. So interesting chart patterns that we have here. The ENQ is held. The Dow's already got a bottom that was tested and rejected and held. And if you can get a bullish reversal candle on Russell 2000, boy, that would be something. But that's not what we have at this moment in time. Let's go take a look at the intraday charts. See what kind of signals we get off of those charts out there. We'll pull up the ENQ's charts first. The bottom panel, actually 10, 30, 60, and two-hour time frame charts each have rose momentum indicator bottom patterns. The 10-minute time frame chart has triggered an A to B equal CD pattern to the upside. The real resistance levels appear to be it's trifold. It appears to be the top of its 2-hour profile 291 191. The 4hour chart, it's right at its oscillator and change line. That's where we're printing right now. 29159. And on a 5h hour time frame, it's oscillating and change line. And that's at 291 195. So we'll use the 21195 level. If price is able to close above that, the ENQ that is, that's going to signal to you and I that we should anticipate a further rally. The 30-minut time frame chart um was able to close above its TD knockout breakdown resistance level. That's at 2914875. And then in that last half hour between 10:30 and 11, price got back below it. But now we're trying to get back above that area again, which would be a bullish signal. So, we're really sitting at resistance levels. We're going to call 29 195 as the key level that if price closes above on the ENQ, you should expect to anticipate a further rally. How about the ES mini chart, Stevie? What are they telling us? Let's go find out. First, we got to populate them. So, we'll get those up on our screen. My recollection from this morning is the uh 30, 60, and 2hour time frame charts have roads momentum indicator bottoms. And yes, that's what we're seeing here. Now, we're just looking for the resistance lows. There was a TD9 count top, I believe, on the 10-minute time frame chart. I think that's been negated clearly. Um, let's see if that populates. Uh, the the ES mini looks pretty good. So, there was a TD9 count top. That was negated. And there's a new TD9 count top. That's very cool. Or the 30 minute chart. Okay. So, this is going to be interesting and dicey this afternoon. So, first you've got a T9 count top on the 10-minute time frame, which is um suggesting that the 30-inut top 30 minute chart will go ahead and confirm a TD9 count top at 11:30 and complete that pattern at 12 noon. And both of those suggest that price should then retrace and retrace back towards 7720. The green oscillating change line, the top of its profile is at 7725. So that may be where price would pull back to. Interesting. It's only the E. Well, let me I don't know if it's only the ES mini charts. We got about 76 seconds or so to break out here. I'm just going to go ahead and pull up the 30-inut charts. I want to see if all the 30-minute charts are doing the same. I don't recall the ENQ's doing this as well. But I'll pull those up. If I don't come back and report on them, it's because it's only the ES mini that's got that TD9 count topping signal that says, you know, come 12 noon, we ought to see some type of retracement begin, if not sooner. See road with TFN. We'll be right back. [music] 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. >> [music] >> Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this [music] works for some, it often times misses many opportunities that possess huge gain potential. 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TFN, educating investors. >> TFN has launched the Tiger Zen, hosted at Discord. TFN has been educating traders for [music] more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tigers Day, available to all Tigers [music] and Tigrises 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 [music] educational community of traders. Just visit the front page of tfn.com. >> [music] [music] >> Welcome back, folks. So, we've got the 30-minute charts up on our screen out here. You can see again the ES mini uh the TD9 count top that's going to go ahead and complete in 12 minutes. Price here should pull back to test at least the top of that profile of 7658 or 7683. So, that' be a pretty decent move to the downside. The NQ does not have any kind of a topping pattern. It does have an A to B equals CD pattern out here. Um, so let's see here. So here's our A to B point. And I'm just simply going to move that over to the C point out here. Give me a second. Here we go. So yeah, it has not attained that 29250 is the price target for that. So on the ENQ, you can see it's rallying. So what you'd like to see this do is get up towards that 29250. I don't know if you'd like to see this or not, but to kind of put it all together, let's get up towards that 29250, then generate a bearish reversal candle, and you'd have a sell the D point top to go along with the ES minount top. Now, for the ES mini, come 12:30, right? Because at 12:00 noon, we're going to have a completed pattern. Oh, I take that back. At 11:30, we're going to have a completed pattern. We're we're in the bar following bar number nine right now. So if price starts trading above that high, you know, that tells you that the pattern is going to fail. And you would expect from an ES mini standpoint for price to target this TD9 count breakdown level. That's up at the 7705ish area out there. Um on a uh the Dow equity future contract, it's going to go ahead and confirm a TD9 count top in 11 minutes. Complete that pattern at 12:00 noon. Price should pull back to test it and change line. That's right now printed at 538 and the top of his profile 52984 52904. Uh so that would be the range not helping us or not participating in this is the Russell 2000. I don't have any kind of a topping pattern uh here whatsoever. So you got three of the well you really only got two of the four. They've got the T9 count patterns and the D the NASDAQ's got a rally and then and then reverse uh directions out there. So, uh, maybe this is telling us is just really a short-term a short-term event. Um, we'll try to pay attent Well, you'll have to pay attention to it after the 12:00 time frame out there. All right, let's go uh take a look at our first requests out here. Uh, this one, the first one came in. I'm going to go let me close this chart down set of charts down first. But the first one came in, I didn't get to it yesterday afternoon. It was from GT wanted to take over the 10-year note. So, let's get that set of charts up on our screen out here. a 10-year note right now. So, what was interesting here um is when I pulled up this charts, this had we already had identified a sideways consolidation. It broke through that consolidation to the downside. When you break a consolidation pattern, it gives us a measured move price target. So, what the 10-year note is telling us is it wants to get down towards the 10627 level. There's nothing to suggest otherwise on a weekly base. We're trading below last week's low and profile support. were trading below last month's low on a monthly basis. The daily time frame and the weekly time frame have rose momentum indicator signals that are triggered. The daily is the one to keep your eye on. A bullish reversal candle would confirm a bottom. So, short of that, the 10-year note wants to head lower and the rates want to head higher. That's what's going on with the December contract for the 10-year note. Let's go take a u for Brent in Martinez, California. uh E R O she's trading out right now at 1077 and it looks like Brent it's going to go ahead and negate a TD count bottom pattern that um it formed yesterday. Too bad because what a beautiful setup this looked like yesterday, right? It was closing the gap the the top of the gap 11:41. Yesterday you get down to 1113. So, it closes that gap with a TD9 count bottom, but now it's telling us there's something wrong on a daily time frame for sure because this is telling you about a strong downward momentum move. So, the next price target out here, what would that be? It's going to have to be the daily swing point, the road momentum indicator bottom from back on July 29th. The reason I'm saying that right now on Wednesday at 11:22 is because we are trading inside the weekly swing point. So if in fact we close below 1128 or 1074 and the volume on that by the way was 8.8 million shares this week we're at 3.6. So we're pulling back with similar or maybe even more volume that is suggesting that price will get back to test those lows and those lows being the 8.88 number out there. So nice trade, nice exit on that trade and I think you got to be a little bit more patient to come back in uh to rock out there. So, uh, that's what I see. Brett, I hope that that helps you out and thanks so much for taking the time to write in. Uh, Brett is the, uh, bird that's the early bird catching the worm out there. Although, he's catching more than worms these days. What? He's catching stripers. You got to love that. That's a beautiful thing. Now, let's go take the amazing one from Mr. Bill. AMZN is a ticker symbol. Let me get my chart in the right spot here. AMZN. Let's go see what Amazon is doing and where this is headed to. So Amazon right now trading at 25496 trading below profile support and its daily oscillator and change line. So it's definitely lost momentum. It definitely has downside pressure. Does it have an A to B equals CD pattern? I don't know. Let's go find out. First let's see what the retracement from the high down to the logical low. That's a 382 retracement. So it does. Did it take out the swing point with volume? The swing point is August 27th. 35 million shares were taken out yesterday with 31 million shares. So not with volume but not exactly on light volume out there. So this has now triggered Amazon Mr. Bill. This has triggered a daily Let's copy and paste this one. This has triggered a daily A to B equals CD pattern to the downside that suggests that it wants to get back to its TD9 breakout level for its daily time frame back in the 23380 area out there. When we look at the weekly chart, so the weekly chart shows an A to B equals CD pattern to the upside. But what got in the way of the completion of that is Basel Chapman. Yep. I'm telling you, he personally got in the way of that because it was wave number seven. That was letter G that shows up on my screen out there. So if you're going to blame it on anybody, it's got to be him. No, it's a beautiful pattern. It helps us to identify tops and bottoms out there. And this one identified the top. And now, Mr. bill price is trading below that green oscill change line at 261. It's lost momentum downside pressure. So it supports what we just saw on the daily time frame. The monthly chart out here has native B equals C pattern to the upside. It does not have any kind of a topping pattern. So longer term this is unless unless the B point gets or the C point gets taken out and I don't see that. So longer term things look pretty good. It's the daily and the weekly though that are uh generating the problems for you. And right now they are suggesting lower price. So I hope that that helps you out with regard to Amazon. And thanks so much for taking the time to write in. Let's go take a look at a gn out here. This for Dan inside the tiger's den. Get up up on our screens. A gn. Well, [snorts] this is populated. I'm going to take a swig of water. I need my green drink. I know. I forgot something. All right. So, we take an AGN. What do we have out here? I want to start with the monthly chart. So, the monthly chart uh just finished two months to the upside. That's a beautiful thing. We're trading a profile resistance. So, the monthly chart has no reason to not continue to move higher. So, that's not moving things lower. If we look at the weekly chart, we have a sell to dpoint top that formed really uh 5 6 weeks ago that formed back on July 17th. You know what? That's not really a sell the D point top. It shows a shooting star, Dan, but I'd have to really fill in this gap here with a body of a candle. And that is not a shooting star candle. There's no top on a day on a weekly time frame that I see confirmed with a bearish reversal candle. Steve Road with TFN. We'll be right back. We'll finish looking at AGN. 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 [music] do it right. But you're not most people, are you? At TFN, you'll get the guidance you need to refine [music] 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 [music] less. Use TFN's Tiger Dollars and you'll get up to a 20% bonus on your purchase. 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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. [music] Welcome back folks. What I did was I put up the intraday charts for AGN. And now when I say intraday, I've got monthly, weekly, daily, 195 minute chart. There's 295 minute bars in the cash indicy each day. 130 minute, there's 330 minute bars. uh the 65minut chart uh because there's equal bars. Again, all these are equal time frames. That way, each bar that we look at volumewise and everything else, it's exactly the same. How about that tennis match last night and I've got that sleep disorder called uh um tonitis out there. So, I'm up fairly often, every couple hours. It's so I go to sleep and um and actually I got a good chunk of sleep. Not that you care about that, but it was about three and a half hours. and I wake up. I come downstairs and the tennis match is still on. It's like 1 1:30 or so. Um, yeah, that was pretty crazy. So, anyways, I watched that for a bit. But back here to AGN, Dan, this has been trading sideways for the last 10 days and it's trading with inside its daily profile. So, we've established that the monthly chart, there's no reason for it to not head higher. It's above resistance. Can't find anything. The weekly chart does not have a topping pattern. it's just trading with inside its profile. So you know if it clear 885 it's free to roam uh to the 1874 level. The daily time frame also has 885. So you know that's a strong resistance level. Um you know the question is where do you buy this? The bottom of this daily profile is holding. So it's going to be between 671 and 736. What I was looking at the reason why I wanted to put this up here seeing that sideways consolidation. Did we get any bottom signals? Turns out we have, you know, you got a nice bottom signal at 12:30. This was back at 1:00. This is back on the 31st of August at the 30-minut time frame chart. You know, is this pullback here? Just telling us wants to move back even lower. Right now, it's just trying to get back inside its profile. I don't know. Um, you've got a nice bottom here on the 130 minute time frame chart. Price is pulling back and testing the buy zone of that 130 minute profile. Um, Dan, I you know this it's not it's not to me looking at the charts here with that sideways consolidation on the daily time frame. It's really just not that simple. I'm not seeing anything that suggests this thing is going to head lower though or substantially lower. So that's what I've got. I hope that that helps you out. And as far as where to reload, Steviey's got to say 671 to 736 would be the price target area. So let's go ahead and move from these charts. Um GT also wanted to take a look at the two-year note. So, we've got the two-year set of charts up on our screens out here. Uh, they have established, let me open up the daily. It looks like we could be in wave number seven to the downside. So, let me see the data here. Um, ABCD. I don't know. I'm not going to go with really much of a wave number seven. So, what the what the daily chart needs here is you have a rose momentum indicator signal that is present. It needs a bullish reversal. Canada confirm a bottom. Short of that, price will continue to move lower. Rates will go higher. On a weekly time frame, price is trading below a swing point from back on July 24th. We closed below that swing point. That's at 10218. We're at 1027 right now. That says lower price. The monthly chart, we're trading below last month's low. The other low. So, pressure on the 2-year note is to the downside, rates to the upside. So, that's what's going on with the 2-year. Mohamad wants to look at LIIT. So, let's get its charts up on our screen here. LIIT, see what we've got going on here. And I only bet two more requests out there. So, uh if you would like me to take a look at something, send me an email, steve tfn.com. And of course, inside the Tigers Den, uh it excuse me, any pin will do. So, Muhammad, when we take a look at LIT, LII TE first, I'm going to go to the monthly chart. The monthly chart negated a TD9 count top back in April, and I do not see any other kind of top. This has just simply been consolidating with inside its profile, and it's run the gamut. It's gotten all the way back to 64 uh 1675 and now it's uh and it's run up to the uh,8568 level. So that's your range out here. Price to trade above screen and change line. It's bullish just trading with inside profiles. Weekly chart. So the weekly chart forms a TD9 count bottom pattern July 31st. And now we just have a consolidation with inside its profile. Mohamad. So you got bottom on the weekly. We're going to go with bottom on the monthly. Just getting back to the bottom of its profile. And now on the daily time frame. So on the daily time frame, we have price trading below its green os and change line. So it's lost momentum. It should target the top of its profile 839 or a target area because it's a bare structured profile. Muhammad, I don't know if you're looking to buy uh get into this would be looking between 80207 to 839.88. That's where if it's only a counter trend move to the downside, that's where they come to an end. And we haven't even gotten to the the top there, 839.88. So, we'll go with that as the signal at this moment in time. Really, it's just a trading range. 839 to 8.94. Let's see if CRDO crude. Um, I wouldn't mind a little crudeau tonight. Maybe a little scallop crude oil, right? That sounds pretty good, don't you think? Maybe a little truffle oil and some uh some maybe some garlic chips on it. Oo, baby. Now, let's take a CRDO and see what it's doing here from Mohamad. It's not having a very good day, a good week or a good month at this stage. From a monthly standpoint, you've got a rose momentum indicator top that confirmed a couple of months ago. And now prices is trading below its green os and change line and likely targeting the sells the buy zone of its monthly profile. It's got a ways to go before it can get there. Muhammad that's down in the 10871 to 1393 range. The weekly chart would actually confirm an A to B equal city pattern to the downside if it closes below the swing point from July 31st. uh that low uh 177 we're trading below that volume 32 million shares this week so far 27 million shares so you're going to have the volume there for sure so this is telling us downside action trading below profile support trading below swing point doing it with volume now the A2B equal CD pattern it's not like it's a huge one or anything like that but the thing is with the ADB equals CD patterns you don't know where they're going to stop right you're waiting for a bullish reversal candle to confirm that so this suggesting lower price that says the dailies want wants lower price. The daily did top out with a TD9 count pattern. Here's the daily A to B equals CD pattern. The hammer candle from back on August 24th that had volume of 4.2 million shares was passed with 9.5 million shares. So there's your daily A to B equals CD pattern to the downside. That is going to give us probably the same price projection, but let's just go find out. I don't want to assume anything. I don't want to assume anything other than I'm going have a good day. I like to assume that that's for sure. Okay. So now we've got an A to B equal CD pattern down. Say yes attain the one to one level. So what you would it's slightly different than what we looked at in the weekly chart. So what you're looking for here at least from the daily perspective would be a daily bullish reversal candle. Short of that price heads lower. I say at this stage here price heads lower though. Although this is day number four to the downside. Maybe maybe you get a counter trend rally that starts tomorrow. What you need no matter what though is a bullish reversal candle to confirm a buy the D point pattern for CRDO. See Ro with TFN. 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Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively [music] monitor their portfolio. They are not designed to track the underlying index or security for more than a day. 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. [music] Welcome back, folks. We got the ticker symbol L A N D up. This is for Pat S. Uh Pat, we take a look at the land here. charts look very nice. Daily chart completed a TD9 count top on August 27th. It was negated on August 31st out there. Daily chart is a nice strong move. Wants to continue move higher. Now move higher to where it's price target is going to be 108 and 108 happens to be the weekly T9 breakdown resistance level. The reason price wants to target that area is because we are trading above the top of its weekly profile as well. When we look at the monthly chart, we are trading inside its profile. is now above the center area. It has resistance at 1046. So my call on land is that it's going to go target the 1008 to 1046 level out there. Looks very very good, Pat. So stay with land. Uh Captain Dan wants to look at ticker symbol XE out here. So let's pull it charts up on our screen. And I wish land had more for me to talk about, but the charts are just so that one's an easy one. Um, not that it's going to absolutely do what I just said it's going to do, but boy, that's what the charts are communicating to you and I. Captain Dan wants to look at ticker symbol XE. The question is, what are the charts saying here? You know, the charts are saying that it's got a daily TD9 bottom. You can probably see that that went ahead and completed on the trading session of August 28th. But look at the movement here. It has not been able to take out resistance. Resistance being the sell zone and also its daily oscill. So what you and I know Dan and this is an unfair competitive advantage that others don't have. If you see a close above 1860, this thing's headed to 2228 out there. You got a nice daily bottom. The problem is if it closes below that bottom. So the key number to be watching to the downside is going to be that low. And that low is 1717. If we close below that, you do have support, potential support at 1632 and 1556 out there. The ladder fails, you got trouble. trouble would take you back to 1436. That would be the bottom of the weekly profile. Hasn't traded enough on a monthly time frame for us to get any kind of feel for what's going on here. Now, the weekly chart, u you know, this has a nice IPO immediately makes a beline to form a TD9 count bottom. It does that the week of July 17th, completes that the very following week, and then has that rally where it forms a TD9 count top. And that's what you've got in place right here. So the in order for this to tell you wants to really rather further uh captain you've got to close above that high which is 2317. So that's a real resistance level 2317. I don't know whether you're in it you're not here. What do you think about it? I think if it clears 1860 it's an interesting trade and if it but the concern is it has struggled. Why has it struggled after forming that bottom? See it's done what it's supposed to do. Rally right up into resistance. So without a clear resistance that's for now one two three sessions really it just says something to think about. So that's what we think about XE. It is something to think about. How about GLW out here corning. This would be for Ron in Denver. Ron would like to take a long position here. But let's go see what the stock charts are communicating to us. So we take a look at GLW. She's trading out at about $144.29. It is trading it looks like just below the top of its daily profile run. The top of the profile is 141 14450. Yeah, 14450. Do 18 cents mean a whole lot? Means a lot to me. If it closes below 14450, you're back inside the daily profile. You're testing a swing point from August 24th. That has volume of 10 million shares. So far today, we've done 2 million shares. So at least lighter volume. Ron, GLW could actually be could be not saying it's going to whoops could be setting up a small A to B equal CD pattern to the downside. And if it does that, well then that would be the better trade for you to be watching to then go ahead and take a long trade. You'd wait for this to form some type of bottom. And that bottom would probably occur somewhere near the buy zone. Now, there's no guarantee this profile will exist should that unfold. And it has not even come close to unfold. It hasn't unfolded yet cuz we haven't broken through that B point of that A to B equal CD. But we're trading below that profile support level. Whether we close below it, I don't know. But if we do, then you're looking for something in 119 124 level out there. But it's not today because price can't struggling to get over that red oscill. And I don't have really a bottom signal. Weekly chart. Weekly chart rose momentum indicator top gets to bad the breakout level 12668 rallies up towards the south and chain has turned back down. We're inside the profile. This suggests that the better entry area around would be towards 1323 the bottom of its profile. So you got 11950 12450. Of course, if this does not, you know, form that A to B equals CD pattern, everything I just said is just kind of for not, but it doesn't have to be today because price still is finding resistance at that red oscillator and change line. So, right now, do I see the buy here? If it closed above the red oscillator and change line, uh, then it could change our minds. Could change our minds. The monthly chart negated TD9 count top pulls back. Now I don't know whether there was a sell the D point or something like that. Do we need to go searching for A to B equal city patterns? Nah, because price pulled back found support at the bottom of its profile 13571 out there. So may have bottomed the weekly chart may have bottomed. It's the daily that is the one that is giving us the trouble here Ron. So until this resolves itself either closes above that red oscillator and change sign or closes below the swing point of its A to B equal CD pattern to the downside that would be below 14163. I don't I don't uh don't have enough information to suggest uh some type of trade here. So I do hope that that helps you out. Jeff is interested in some type of long trade if it sets up in ticker symbol M. So, we take a look at M. The first thing we see here, we must have looked at this before because I've got the C to D leg of an A to B equal CD point. It looks like we may also have a wave number seven signal. We do. And you may get that confirmation today, which would be a higher low. If we tick below yesterday's low, 33374, well, then that extends itself. So far, today's low 33417. It hasn't really completed, but it's close enough. If you were to see a bullish bullish reversal candle on a daily time frame is going to be your trigger, Jeff, to take a long position. And the reason would be because a monthly chart is going to go ahead and complete a TD9 cal bottom pattern on Friday. So if you can get and I don't want to go with just the wave seven signal out there not with the A to B equal CD pattern not with us being below profile support being below red os and change line being below profile support on the weekly being below the green o and change line on the monthly that's why I don't want to just rely I want to see the calvary out here and I think you would want to see the calvary too so right now you're waiting for a bullish reversal candle to form and it'd be lovely if it forms today tomorrow or Friday and if it does take place on Friday or Thursday or or whenever, go ahead and pull the trigger. So, you'd have a daily and a weekly bottom pattern out there. So, I hope that helps you out with M. And thanks so much for taking the time to write in. Let me just check the phone email system, see if anybody else has sent in a request. The answer here is yes, GT is playing in on a game and says, um, oh, GT, I've got something to show you. You had asked a couple of days ago, my apology. It was towards the end of the show, so I saved it right here. You're asking the question about the correlation directional correlation between FXI which is the top panel of the screen and KWEB the bottom panel of the screen and most certainly you can see the directional correlation the depth of the rallies or the depth of the retracements though those don't tie together it's more of a directional thing but yeah there's a definite directional correlation you can see this chart here take a snapshot uh with your uh with your screen capture device Steve with TFN. We'll be right back. [music] Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this [music] works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader [music] supposed to scan the entire market looking for these hidden opportunities? One simple answer, the [music] opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading [music] influencers have been alive. And over that time, he has honed his methodology in order [music] to accurately call movements in a wide range of equities from semiconductors to uranium to key [music] 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 [music] 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. In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. [music] Larry has seen it all. 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Whether you're starting out or scaling up, TFN [music] empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's End for just $1. And follow us on YouTube and [music] become part of our vibrant community. And remember, at TFN, we're so confident in the value we provide that we offer a 30-day money back guarantee on all new premium newsletter subscriptions and services. You [music] have absolutely nothing to risk. So why wait? 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. [music] Welcome back, folks. Nicholas wants to take a look at Slide SLD, Slide Insurance Holdings out here. Um, Nicholas on a daily basis is having one heck of a day. Why is it having one heck of a day? Well, if it closes above the August 24th high, 2375, you'll negate a TD9 count topping pattern. You'll negate a roads momentum indicator topping pattern. And this will be off to the races to the upside, the weekly chart. And where is the upside? Well, this was an IPO. Uh folks, this most IPOs, not every, but when I say most, I'm talking high probability. You do not have to buy the IPO. In fact, don't buy the IPO on that date. Wait for it to retrace and then we'll form a bottom pattern out there. Take a good look at what SLDE did. Nice TD9 bottom pattern on September the 19th. And then we've just simply been rallying ever since. That may be its bottom, period. Now, we take a look at the weekly time frame out here. We're trading above profile resist. We're trading above everything. It's trading into that IPO date. It's going after those highs and that'll be confirmed today with a uh negated TD9 count roads momentum indicator top. So the real level to be watching is 2375 out there. Um and you close above that you're off to the races at least back to that IPO high that's confirming by the weekly. It's confirming on the monthly chart out there. So SLDE Nicholas um let's keep pulling for that to negate that TD9 count. Tom As is a ticker symbol out here that GTE wants to take a look at. I think the question was will this has this bottom? I can't use that weekly chart or the daily chart because of all those gaps. That's a currency thing. The weekly chart tells me no, it hasn't bottomed. Um it's trading inside it's got a rose between indicator top. Price is trading inside a bare structure profile. Right now we're just slightly below the center of that profile. And if we do close below that level, 3405, we're 33.99. It increases the odds that you get back towards 3325. The monthly chart also shows downside pressure. We're starting to trade below its green screen also and change line. So I do not think that ASHR has bottomed yet. Folks, thanks so much for joining me today on wonderful Wednesday. That's what I want you to have. And please join me again tomorrow on terrific Thursday. Take care. Be safe out there. Look forward to seeing you again soon. [music]