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September 9th The Tiger Technicians Hour on TFNN - 2026

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On September 9th, host Basel Chapman analyzed a volatile market where the Dow Jones Industrial Average dropped 400 points to 52,381, interpreting this sharp decline not as a standard peak-to-peak correction but as a "lightning bolt" pattern that could signal an imminent reversal. With the Federal Reserve's funding room announcements pending and buyback activity potentially weakening the dollar, Chapman suggested that such conditions might be bullish for gold. He identified July 31st, marked by a low of 51,551, as a critical support level derived from an arch formation on the weekly chart, while projecting that Peak B likely occurred around September at 54,744 with a rally toward early November anticipated following the election. Despite maintaining long-term positions established during the lows of March 2020 and October 2022, he warned that failure to hold current ranges could lead to further downside moves toward the 50,000 level. The analysis extended to specific sectors and individual stocks, noting that the market is undergoing a "trification" or "quadification" rotation where innovation-focused funds like ARK Innovation retain long-term upside potential, contrasting sharply with traditional auto companies such as Tesla which are heavily dependent on battery technology. Semiconductor stocks presented mixed signals; Marvell showed warning signs of a double top failure after months of consolidation, whereas Advanced Micro Devices remained positive despite recent declines. Meanwhile, data center stocks and the renewable energy sector were described as being in a rough digestive phase with breakouts expected in the third or fourth quarter, while crude oil broke out of a large rectangle pattern approaching its previous high near 52.94. Other key assets included Toll Brothers, which failed to make new highs and needed recovery time, Apple facing critical support between 305 and 307 with a potential "dreaded H pattern" forming on the weekly chart, Robinhood consolidating after a massive decline from its October 2025 high requiring it to stay above 110, and Bitcoin remaining in a consolidation phase within a diamond pattern. Chapman emphasized that despite the apparent weakness in the Dow, the weekly chart remains resilient, buoyed by administrative actions preventing a total market collapse. He advised investors to exercise caution due to these rotation signals and recommended raising cash positions to prepare for upcoming opportunities, particularly focusing on gold's performance which had already risen 23% but needed to reach the $40 level, specifically targeting the $44.62–$45.20 range, to confirm its strength. The segment concluded with a wish for viewers to have a good rest of their day and directed them to check their daily call for further updates, underscoring that while short-term volatility exists, the broader market structure continues to hold firm against significant downturns.
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The following is a presentation of TFN the Tiger Technician Hour with your host Azel Chapman. Call now toll-free at 1877 9276648. Now, Basel Chapman Basel Chapman, this is the Diggs Hour. Wednesday, the 9th of September. We're looking at the Dow down 400 at 52,000 33,000 52,381. So, we're looking at this. You know, I like to go step by step, but definitely this visually looks like you could very easily go, this is not peak A to B or anything. This is letter A going from this is your A to B equals C to D. This is the lightning bolt pattern that so many technicians here at TFN and over the decades have spoken about. I I use it in a a little different way, but basically what you'd be looking at is a move from there down to the 51,500 level. I prefer just to say, look, you could put that in there, but let's go step by step. And the step by step says that you've gone, the day is young. We're not even an hour into the session. So things can turn, you know, how quickly things turn around. 11:00 comes the funding room where Tommy was taking to the den about the funding that come the uh it's funding in the sense that the the bonds. So let me just write tell you what he wrote. He said, uh, Treasury announces size of buybacks today. Likely, uh, at 11:00 a.m. If previous history repeats, depending on number, it could be a big mover for gold, the dollar, and longer yields. So, the bigger the buybacks, the weaker the dollar will be and bullish for gold. So, we're going to be watching this very closely. Meanwhile, most important is look at that weekly chart. I drew the cup in. Now what I have to do is I have to say, you know what, this is changing because now we were looking at the arch formation and the arch formation always suggests that you've got to look at left side lows as support levels. So let's go to this. And what is the low? The low is, excuse me, July the 31st uh of this year. the low is 51,551. Well, lo and behold, that's where this go this one to one implies let's go one step at a time because what if the Fed comes out with whatever it is for the funding, right? If there's a reversal and instead of being down 400 points, we all of a sudden down 180 points at 130. Well, that could be a nice reversal to the upside even if it's a counter trend bounce. But what does that do? That takes the time that I would use as a left side, right side price time match right here from there to that trough right there. And then I go to the right and it says, "Wow, this is next week. Look at that. Oh, I forgot all about that." Usually I get reminded um there's that expression that what's the sell sell on Passover sell on pass sell on um Rashana buy on Y kipper that's this coming weekend and then buy back about a week or so later I don't know sometimes that works sometimes it's like all the it's all those technical indicators right um this can go a little bit to the right so it goes another three bars to the right so that says where's this is on the 17th of July. So it goes to about the 21st, 22nd. So there could be a one to one. All right. I like to do this and I like to draw it in. I like to say, you know what, we don't know. You can just do your technical homework. And the reason why we're short is because the Dow's just been looking terrible. All right, we still have our long long-term positions. Look at this. all the way back from October of 2022 at the low and from March of 2020. Still got those long-term Dow and uh UFW if you can believe it. Three times long, but it's it works. It's kind of fun. Um okay, now let's do this. So that's the Dow peak B likely in September. We I can't say for sure, but likely 54,744 at this point doesn't look like it's going to be taken out in the next week or so. So, we we'll go midmon and then we'll talk about it. But it is a peak B, a leg B in the monthly chart. Peak C, which says there should still be a rally at some point that goes look if I go, let's just go through, let's go to the the election, right? November, the the first week of November. There it is right there. So, that takes you to there. Look how fairly quickly weeks can go by and you just look we're back. If you think of it, we've been 1 2 3 4 5 6 7 weeks right from that low. And that low had a high of 52,900 and a low of 51,500. And where are we now? We're at 52,38 towards the lower part of the range. So in another few weeks time, we could be down here maybe at the 50,000 level at some point. and maybe then have a bounce or have a bounce beforehand. Whatever it is, you don't know. And all I can say is that these five bars, look how quickly they go. Five bars can go really quickly. So, I'm looking at this and saying now the Dow's down 400 now. And I want to do I want to show you some some give you some perspective. First of all, I want to show you the dollar. The dollar is right now down 17 ticks at 98.69. The low that was made in 98. Uh look, you made 9856 9 two bar double bottom at the 20th of August and 21st of August lows and today's low so far is 98.60. We was in an eyelink of that right 56 4 cents away from the low today. Low low is 9860. So anything can happen. Now, what happens if it does with the the dreaded H pattern, which says you go right through that left side low? The deeper you go, the greater the chance you do one to one to the downside. Hey, that's a possibility. Meanwhile, back at the ranch, let's just go back to gold. Gold on the other hand is not This is also arching over. It's at a high level, but it isn't showing you that. Look, the nine moving average just flipped to negative. So, it's gold's up 24. It really needs to be quite a bit high. It needs to be into this red candle of the uh 4th of September getting towards the 45 uh 30s. It just needs to do that if you're going to show support. And the weekly chart really is not that great. Hey, look at the GDX. Completely keep your eye on this weekly chart. Look at that. This is a weekly chart. Look at this. Completely different chart. Look at that beautiful cup formation. Look how you've gone to a leg B and then a peak B. Look how the nine period moving average is held so beautifully. Look how you're above the rectangle. I hope I can take the rectangle away now. It's always this yellow background within it. It's irritating. It's great when you see it when you need it. I'm just going to remove it for now. Yep. Remove it. And look, all of a sudden, you're looking at the MACD positive, the relative strength positive, the stochastics flattened 85%. That's why we we we look we've got our gold, we've added, we want to add a little more. Um it really depends on what happens over the next two days. So within that context, even this falling ax formation right here, we're on the cusp of either breaking out or arching over in the daily chart. So this is a very important moment for the GDX which has had a fabulous move from the 69 low that was made back in July to the 105 high that was made uh just 3 weeks ago. Uh all I can say is so far the 914 has held well. The Matthew's weak strength a little bit weak weak but that 914 is gold and that is the gold and golden for the gold uh minus ETF. I'll be back. Dallas down 372. >> 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. >> 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 Pesto'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. 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So on my way through uh our little ritual of looking at the different industries etc. I had a question about could I show the charts of Marll and advanced micro devices. So look this is Marll making a little arch formation in the daily after making that peak F top but it made a peak E alltime high at 329.8 80 uh uh yes double top 324.20 back in June pulls back to 244 round number low soarses back up it goes to 329.88 for peak F double top fails to close above that left side high and then it comes down and it comes all the way down to the 162 level. I mean on 324 to 162 I would say 60 points is a big move down but what does it do? It rallies up to 250s drops down to the 200 area and now it's at 2373. That's what I meant about the semis. They're not giving any clues. They've given from the the Mar the June 3rd high alltime high is taken June, July, August and now we're into September. So it's over 3 months it's been consolidating. I would say another month or two and then that consolidation should be complete but there's still time to go and it's not broken down yet but it is warning us and very often the semis indicate the direction of the market but they also sometimes um they are proactive so that you have to wait a little while before the general market actually picks it up and that's what we're seeing right now the general market is starting to fail and they are trying to find some support So Marll's looking good, but if you look at the weekly chart, I would have my contention right now is that they will be going lower. That's my that's what I'm looking at. The semis, it'll take a little time, but there will be a moment where all of a sudden it doesn't look great. Maybe it's China or someone's not buying like they thought they would be, and all of a sudden they pull back. And that's the pattern I'm looking at, the H pattern right here in Marll, but it did make a peak C in the monthly chart. It should go to a D. All right. Now let's go to what was the advanced micro devices there are question came in also same thing makes an alltime high um that's a PD in the monthly chart PC in the weekly chart so that's still positive but 584.40 40 was the all-time high back in uh late June, early July. Also then had a 527 round number and then it just came tumbling down and it went from 527 down to the 417 level and now it's having a really nice rally single leg a to the upside uh in the daily chart. So this is this is very important. That's this rotation I've been talking about this not bifocation but a trification or quadification market where so many look at this. Why would ARK it's not probably not going to last but why would ARC innovation fund um ETF be holding so well? Um it's had this move from the 68s back in early August all the way to the 87s. It's pulled back and here it is holding pretty darn well. It isn't yet showing that it's going to fail. I suspect it is going to arch over. But why is it doing I mean really and that just tells you that within the uh parameters that are set by the innovation fund stocks like a Tesla anything innovative that Kathy Wood thinks there's a 5 to 10 year huge move to the upside of course there was a huge move to the downside from 125 back in November 2021 to 29. I would say if she wasn't the owner of the company, that fund manager would have been bounced a long time ago. But now she's doing things right and and right is showing up in the chart. So something's going on. Let's see where Tesla is today. Tesla Tesla is probably Yeah, look at that. It held that support. It made that peak. It pulled back. Um it's up three at 37175. So this has to do with other things. It's not a it's not a really an auto company per se. It's really there's battery. There's just so many other things that just makes me think of this. Where is um our stock? Yeah. Iran. Because look, why do these things jump like that? Um within the rectangle. Remember my expression is a long narrow rectangle can last a long a lot longer than your patience. So look what happened. I kept asking getting questions about this. Should we be buying the the um data centers, u renewable energy, GPUs, etc. Well, uh we we're long from the 22s. It went all the way to 70.71. We got out quite a chunk, but we kept a call because I think it's in play for 2026, but it went down to 2933 uh back in 20 around about the 27th or so of July. And then it ran to the rectangle that that's where the rectangle starts on the left side that June high. And all of a sudden it goes right to the door. It goes 4919 was pec. So this becomes 49 29 10 cents above becomes a leg D and it stalls right at the resistance level. That's what rectangles can do. If this starts to break into the 52 area, 53, that'll be fabulous action. But then you've got to look at Darn. What was this? Ah. Oh, I'm forgetting what it is. I should know it. I write it down all the time. Uh oh, I know what it is. Let me just go to this here again. Okay. So within the sector itself, and this is quite fascinating. So within the sector, you've got many stocks that looked like they were about to move and then they just didn't. And then all of a sudden, you get together with Iran, you get NBIS. Look at these. See, look at this. That's a nice move to the upside. But it has stalled. So, I'm watching this and I'm saying, is this just a one-off? Is this what happens in the market all the time that you get these one-offs? It looks great and then it just suddenly stops dead. Well, I think yes, in this particular case, I think that the data center um there's there's so much going on that I think it's a little rough right now. They're going to break out I think sometime uh in the maybe the end of the third quarter, beginning of the fourth quarter, but not just yet. I might be wrong, but that's the way I'm looking at it. All right. So, within that context, the other thing I want to look at here was um I did that, it did that, I did that. Um uh oh yes, crud. I just wanted to show you something that I think is quite fascinating. But crude oil is up three right now. So if you look at UCO and we had this once, we didn't get it and I just missed it recently by 8 cents way down here in the 44 area. And here it is at at six uh at 50. Look at this. That breakout is really important because remember I talk about the the the cup that is really a very large rectangle. I took the rectangle out because as I say it can get a little messy, but I'm going to put it back in just for because that's what initiated this whole move to the upside. It goes right to the 200 period moving average in the weekly chart and now it's gone peak A peak B. Well, what's the rule of thumb in the rectangle that is in a lopsided cup formation? A a gravy cup I'll call it. It says that if it's making higher highs and higher lows and it's come down basically a straight line move either a trough A or single A or even gone to a B and if that is it can go back just under right on or just above the previous high then after that if it takes out the midpoint of the rectangle be careful cuz it come all the way back down. Well, the high that was in USPO boom crude oil three times long was 52.94. It's only it's three points away. I think we can get there. I'll be back in a moment. Basel chic anytime online researching trading techniques on how to begin your trading journey. You've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kekstacks the Tiger Forex report off the riff raft. 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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 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. >> I was asked whether or not um the Chemway methodology works for currencies. Yeah, it works for anything that moves long as it has oscillation. That's all. So, look. Yeah, this this left side high that was made whatever the time was. Let me just give you the time. Back at about 2:00 yesterday was at 2:00 p.m. No, 2:00 a.m. in the morning. right there at about 1.163 pulls back and there's a plum line. I use that dogee candle as a midpoint and there's jumping inside wedge target repellent line went to a peak D. What do we always look for? Pakds then it goes into a sideways range and remember rangebound market says as long as it's walking the nine period moving average you can keep the count up. So it goes peak A B C from that low. Then it goes to D, pulls back, goes ABC, goes to a D, but then it goes to an E, pulls back very sharply, goes now it goes peak A right there. Now, when you get parallel highs like that, I I I haven't done it very much with the um currencies, but in very I would have um some kind of a like a I change it to red and say it's a phantom peak, but I don't have to do that right now. So, you can see it's working. It doesn't work. Yeah. Look, let me see what gold is doing. I I'm just I'm guessing right now. Look, there's the low. So, there's peak A, peak B, peak C, peak D. Um, a another A B C D pulls back and it's gone a b C and it suggests that that high that was made at 44,79.0 at 9:40 this morning, Eastern time should be taken out for a leg or at peak C1C2 if it just tags it. Um, yeah. So, yeah, it works on any time frame and any anything. I mean, crude oil. Crude oil. Yeah, you just got to you got to identify the low. Oh, look at that. Oh, it drew that in. Look, this is crude oil. Went to a peak E right there. D and then an E at 4:00 a.m. in the morning and pulls back. Does the left side right side price time. Actually, I forgot about that. And then it starts to brand new peak. A B C D E stalls, comes back down, and then has another A B. Oh, yeah. A C D and an A B C D right here. Yeah, it's it works. And let's walk in the nine period moving average. This is gold. Oh, sorry. Crude oil of $2.99 right now. All right. So, yeah, I just wanted to show you that. Um, and that's why it's kind of fun. uh using it and not always easy, but yeah. All right. So, this is what I want to show you. Look, so my XLF uh chart that I showed you before that said there's a chance that we're making some kind of a top shorter term because the monthly chart is still only in legacy in the XLF. So, I just need to go to this for a second to show you how I came about. I always do that. Make that XLF. There it is. Okay, look at this chart. So, what is that? Is that a mistake? Is that some kind of a format trend line? Yeah. Can I remove it? Oh, I did. Okay. Look. So, this pink, this is the bar chart, monthly chart of the SPY S&P 500 and the XLF select financials in blue. And look, we're still the SPY made an all-time high last month in September. So far, it hasn't made a new high, but the XLF did. And you remember the difference when we were looking at this? How can I do that? Can I move it? Oh, yeah. When we were looking at it, should I do that? Well, okay. When I was looking at it here, I made a big deal about it and I said everything's working in synchronicity. the exact bar that makes the high, it very often coincides with both of them making the high and the low. But I spoke about this that the XLF was failing, but the spy was making all-time highs right there. That started in April going into May. And lo and behold, finally, it did catch up. I had a trend line that I drew across here and I said, "Will it take it out?" And it did. So now what you've got is slight difference because the spy made an all-time high last month. XF made it this month. So I'm watching this and this is going to give me good clues about the I about the yields because if the yields come down TBT and I sp when I speaking to interviewing um so that was just how long ago? It was just an hour ago, right? I had Teddy on online and we were looking at why have I missed that TBT? Um when I was looking at this and saying uh politically I just mentioned politically but in fact it's more important than just politically uh if you're looking at yields how think back when was the last time that the Fed did anything before an election in terms of yields? They usually kind of stay away. They just don't want to do anything. It just it looks too political. I don't know if this Fed would worry about that, but maybe yes, maybe no. But it seems to me that this is not an issue. I've spoken about this for ages and I've said until yields really break into the falls 4% area, 410 420. Um that would be it's trading at 38.23 right now. 3.823. Until they do that, we're just stuck in a rectangle. We have been here so many times before and it really hasn't affected. Yes, it's affected in a way something like a Toll Brothers but I think Toll Brothers had another problem a different kind of a problem. So 16952 was the high in November 2024 and the high in February of this year was 168.36. I mean it is uncanny. I've done this for decades. 168.56 168.56 I I've pointed out that these double tops and double bottoms like round numbers are giving you information. Look at that failure right there. It's a double top and the technicals were way weaker than it made that. That says it needs time to recover. So I suspect Toll Brothers will have a really good couple of months but not yet. I think you have to wait a little while. So that goes with the HDX index. HDX. Now I I I think I've covered a chunk of things. So the HDX, look at that under the 200 period moving average in the weekly. This is a Philadelphia housing sector. So let me get to this. Had a question about Apple. Apple has this pattern that says you can go up in a channel, but if you go to a peak B and fail, that's the dreaded H pattern potential. But if you go C, D, and E, that means you've used up buying and selling power. So you don't have quite the same kind of selling power. And therefore, this could stop. So Apple trading at 313. I'm looking at the 3 307 to 305 level as critical to hold over the next uh 2 to 3 weeks. And if you look at the weekly chart, that looks like a dreaded age pattern is about to unfold. The 9140 is fabulous, but all the other technicals are weak. And if you look at the monthly chart, peak B should still go to a C and a D higher over 2026. I'll be back in a moment. D's down 300 and 15 came back a little bit less. We've done 26. 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. Bezel 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 Road 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 at number two for the year. An amazing accomplishment. Steve Rhodess 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 TFN, 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. TFN, educating investors. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Hello. So in the tiger tiger stand CVX. So I said I believe that CDX should still go through a leg D and that that overlapping wave and I don't know why I didn't put it in. Why did I not put that in? I spoke about that completely over overlapping Chapman wave overlapping wave. This is a chap wave. wave over overlapping wave to leg. I always put that in when I've got a PC and then under it you have an A, a B, and a C because what did we do? We remember we had that it works out so perfectly with uh was it a one one of our one of the one of the gold stocks I believe. So look at this. Or was it a go? It was crude oil. Of course it was crude oil. Uh so there's your PC at 241.71 from April of this year. Pulls back to 154. Big big move down. And then we peak C, gray A, gray B, gray C. And all of a sudden today pops up uh 3.04 at 21284 with a high of 215.28. There's your leg D. There's your leg D. Uh and there's your leg D in the monthly chart. So, when we're looking at crude oil, maybe this is telling us we're about to get to some resistance. We'll see. But it's achieved exactly what we're looking at. Next question came in. CRT. CRT is trading. Where did I type that? Probably typed it in the den. Okay, there it is. CRT. Oh, look at that. CRT is Am I going to be able to read this? Uh, Cross Timbers Royalty. Oh, Cross Timbers royalty. Is this a gold? Um, I'm not sure. But anyway, it's gone peak APB leg in the um A B C D. Yes, leg C in the weekly chart. AB leg C in the monthly chart. Oh, horrible looking chart. But now improving for the first time. the nine period moving average since it crossed pink way back in um December of 2023 when it was up in the 20 area uh plummeting down to the sixes or sevens and now it's at 11. Yeah. So this is really good. So let's just do this for remember the bar that makes the low cannot be the high. You have to wait for a trough. So that's just A B CDE E stalls brand new AB legacy. This is really good. $1144 CRT up 22 cents today. Yes. So the 200 per moving average of 11.76 is my target, but I need to see it tag. It doesn't have to close, but it needs to tag 1151. Then that 1176, look at this. It hasn't been there forever. I mean, it hasn't been there since it crossed negative back in March of 2024 in the 17s. Every time it tried to get there, look, peak A, peak B, under it, it goes A, A, B, uh, B. Yeah. And then it fails. And now it comes back and it starts a brand new A B C D E stalls. And there's a brand new A B C. Yeah, I think this is the first time that it has a good chance of getting to the 1175 area and then it'll hug that and if it goes above it needs to get to 1250. It's a daily a weekly chart and I would put it by this bar right here by the uh first week of October. It needs to be above 1240. That'll be really positive because then you can look at the left side and say, "Aha, my target now is this chap wave inverted. Perfect red falling ax. This is a red Roman candle uh the 4th of April with a high of 125, sorry, a high of 1331 and a low of 10.79." And then I'll say to you that the rule of thumb is that if it's too long, but it's still the same process that if it can close any day above 1260, there's a good chance it's going to try to go for the high. So those are that's what I'm looking at. Therefore, I have to tell you that the support is at is 11:44. Support in the weekly chart is at 1050 to 1020. Hope that helps you. Next. It does look good. Yes. Um, okay. Next thing I want to look at here. Oh, question came in. If I could look at if I could look at uh Robin Hood. So, Robin Hood all of a sudden got a whole bunch of news and everything. And that's what I said about Robin. It's just very strange. It has these fluctuations where it's in and then it's out, then it's in and then it's out. uh when we went long initially at in the 16s back in August of 2024, it had a spectacular move. We went to the 153 area back in October of 2025. We've been taking profits and we've been had it as a trading position quite a lot of time being pretty successful. We've just stepped aside adding and I'm I'm I'm looking at it. It has a cross between the Bitcoin action uh the gold action and the fact that I think investors and traders in Robin using Robin Hood as a platform got really burnt this year when the when the gold just I mean some of those gold stocks and silver stocks dropped some of them over 50%. I mean that is huge right? You might be a long-term holder but that ain't pretty. All right. Now, they're coming back quite nicely. But most importantly, what I'm looking at is that Robin Hood did this left side, right side price match to the exact day from the 120.05 July the 2nd high. Um, happy birthday to someone I know. Uh, and comes all the way down to the 86 level right there on the 31st of July. goes peak ABCD E and then gaps up to the day that I had that measured move. Oh, I forgot to put in the inside wedge target repellent line. I think I had it and then I had to take it out for some reason. Yeah, look, that goes right to there and it just took it out and now it's been digesting gains. It went to I'm calling it a G for now. I could make it a G/B. I just don't see any need to. I think it's going to do a little consolidation, hopefully a high level consolidation, and we'll see. But in the meantime, back at the ranch, the move from 153 down to 63, I mean, really a huge decline, right, percentage wise. Um, and then it's gone leg A and now leg B, a peak A, then leg A, B in the monthly chart, leg D in the uh weekly chart. I just think it needs a little a little bit of a rest, right? And there might be time, but if it goes under 110 in the next today's Wednesday, by Monday, that's going to be a problem. And then I really have to look at IBIT again. That's the Bitcoin. Bitcoin right now uh trading up 685. The IBIT is trading at it doesn't have the same pattern. It's a little more vigorous. It's more the the um diamond pattern that people say oh my god a diamond but I don't see it as an oh my god a diamond I just see it as consolidation phase but I lost quite time for 38 it is for 46 years it's trading right now 44 um yeah I think that monthly chart is still looking pretty darn good monthly chart needs a lot of work I'll be back in my balance down 283 S&P's 21 be right. >> Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFN, you'll get advice and guidance from the authority in technical market analysis. 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Oh, uh, let me This is IYR, the eyesh. Can you believe down to the 200 moving average from hitting 108 down to 101 and look at this peak F in the uh weekly chart just real quick ABCD and then it get stalls and it goes EF boom pulls back peak C in the monthly still positive but wow I mean these things are so quick these these turnarounds. So, uh, just a quick question here about, um, yeah, the the patina that I talk about, uh, let me just type that in here. Dollar indu as we wrap up here. Um, as far as I'm concerned, this is a huge digestive phase. It can go on for a little while longer. We've got internal high. I'd said I'm not making that um, internal low. I see no reason why. I think it's going lower. And we've done that. The big thing is going to be 52,000. We have 52,536 for the Dow. Dow has been the weakest. There's no question about it. And one of the reasons why we are short. But the other thing that is really important about it is that there's this rotation. And you can see even now the the semis are holding. They're up a little bit. So it's a very mixed market. So as we're going into 11:00 and this is when the uh the Fed will announce the buybacks, etc. A lot's going to happen. on the day of the close if the Dow after 130 is still down about 180 points or more probably a weak close but anything can happen right here you know this this this administration they just manage I don't know how they do it they just manage to keep saving the day and saving the day means that instead of the market just tanking there is always something that buoys the market and you can see that even here um look the weekly chart Even for the Dow, which is the weakest, is still holding pretty darn well. So, we'll see if there's another boing right now to see if we can pop up and stall everything from coming down. But in the meantime, I think that the rotation is saying be careful. Raise cash, have cash ready for the going to be great positions. But in the meantime, I'm watching to see how does gold hold. It's up 23. It needs to get to the U the 40. They said 4462. He needs to get in the 4520s. Have a great rest of the day. Check out my call day.