September 9th 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 September 9th, the wonderful Wednesday 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. And 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 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'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 off early. Send that to steve tfn.com. Inside that subject heading, please put radio show question. Now if you're inside our tigers then and really you should be 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 Rhodess. Welcome to the show. Well, we begin our day here with a mixed bag. The mix is coming from the semis technology which are trading to the upside. Got the XLK up 8 cents. The semiis up 45. Dow's down 377. S&P 32. NASDAQ 60. Russell's up 28. Transports 167. Gold is now flat. Silver's up 91 cents. Light recruited up 333. Natural gas up 6 pennies. 30 treasury trading out 109. Even Steven out there lead charge dollar-wise. The upside again. Technology. SanDisk. Meta 48 43 bucks. The upside. Micron 27 bucks. Cloudflare 24 bucks. Luminum Holdings 42 bucks. The downside Casey General Store $113 15%. Marcato Libay 50 bucks 2 and a half%. Service Titan down 25 bucks or 30%. Asmill Holdings 1 and a half% 26 bucks. Argan down $18 that's a 4% move. We got some movers and we've got some shakers. Of course, I want to look at what you want to look at. So, let's begin our day here. And there is something that took place that I'm noticing on Friday. So, I'm going to pull try to pull this chart over. It's having some trouble. This is the S&P 500 chart. Let me just actually kind of close the screen down here. Close this down. And it's actually, and I' I've never tested this out, but you can you can guarantee your sweet bippy, whatever sweet bippy is. I'm going to be running some tests later on or at least this evening when I get a chance. And that is so what I'm showing on this. This happens to be the chart for the S&P 500. So, you know what we're looking at. And I've got both uh the daily and the weekly oscillator and change line up on my screen. I can't believe I've really never run a test to kind of check this out. Crossovers and so forth. Here you can take a look at when you've got the the blue. So the red and blue represent the daily time frame. The green and red, if we see any red, uh would represent the weekly time frame. And here we can see a bullish crossover kind of like, you know, 50-day, 250, okay, what have you. Clearly bullish out there. We've talked about how price pulling back, you know, it's it's very hard to get bearish until price starts closing below the weekly oscillating change line. And we can see that here, you know, we close below it for one. Let me get my cursor out here so at least I can give you weeks or what have you time period. So, we close below it on June the 10th. We get right back above it the very next week. Here we run into some problems. This is in the June 23rd time frame. Um, here we run into some more problems. We get this crossover. This is into the July 29th. Well, we just got that negative crossover. So, what we're watching for right now is really the S&P 500. Uh, does it take out this swing point? This the swing point from September 1st out there and that low is at 761120. If it does, it's going to trigger an A to B equal city pattern to the downside. So, if we take a look at that, here's your A to B point. And then we just simply copy and paste. Now, we haven't done that yet, but um you know this taking a look at this crossover of the oscillator and change lines, the Dow negating a TD9 bottom pattern has me thinking that the S&P 500 is getting ready to do the same thing. And that is trigger an A to B equals CD pattern to downside, which would then take us towards the 7546 level. Now, let's put up the charts for the I'm just kind of curious. Let's put up the charts here for the NDX100 and see if we've got that same kind of situ. You may have had a crossover even sooner. So, I just want to take a look at that. And oh, yeah, we had that uh we had that crossover way back here uh back in July 17th. Uh interesting. Very interesting. I want to take a uh and right now what you've got is you've got the NASDAQ 100 trading below both weekly and daily oscill. So, pressure is most certainly to the downside. curious about the XLK. U so I want to see what this is doing because this certainly the technology area is what is certainly holding the market up. I'll put up the socks as well. Um so here on the uh here on the XLK, yeah, we still have a still got this negative crossover again where the daily is trading below the the weekly chart out there. So maybe everything is not so copacetic out there. Okay, so again, new tool decided to apply it. Um, as I was take a look at the uh S&P futures chart, the ES mini, when they were both about to kiss each other, and I'm like, well, why hasn't Stevie run some tests on that to understand if there's any benefit there? So, I will do that later. In the meantime, though, let's go take those daily equity future contracts out here. And we take a look at the ES mini. On the ES mini, you'll see a daily and weekly oscill. You'll see they're about to touch and kiss each other. Now, you've got to close below, you need to close below the low from September 2nd uh in order to trigger an ADB equal CD pattern to the downside. And even then, you don't get that much further. That does not mean that it's going to end at the 1 to1 level out there. That's at 7597. We're not there just yet. Uh but when we take a look at what's going on in the Dow equity future contract because it's just blown through that TD9 count bottom. Now unless there's some kind of huge rally at day end um we're going to get a confirmed uh negated TD9 count pattern. So that's going to confirm and we're going to get a confirmed A to B equal CD pattern to downside. The price projection takes us below its TD9 count breakout level. So that's its first target to the downside for the Dow would be 5193. In the case of the ENQ, again, we're trying to understand is it able to hold that profile level of support and it's also change line. If it isn't, then the NQ is starting to signal to us that there's reasons why you could see things romping and rolling to the downside out there. As I look at the S&P, this is day number three to the downside, but the NQ maybe only day number two to the downside. So, no reason for it not to move to the downside for a couple of more days out there. Now, whether it takes out those lows or not, don't know. Not great that the Dow has given it up um uh uh so easily. Um it look it tested and it it tested it tested and finally it gave way and it gave way early this morning. If we look at the Russell 2000, it's equity future contract has a buy the D-point bottom pattern that is going to be tested. Price is trading into that swing point. It's a swing point that formed back on September the 3rd. And if price were to close below that low and that low is at 291450 that'll trigger a new A tobacqual city pattern on the downside. I won't draw that in here just now but I can share with you this price would certainly be targeting this breakout level that's down at 2833. So that's what's going on. We take a look at daily equity future contracts in each case here. No exception is the Dow equity future contract. So the Dow is a hold out. It's daily oscillator and change line. Not yet printing below the weekly oxygen change line. Steve Road with TFN. We'll be right back. We'll go take a look at the inday charts. We come back to this break. 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 narrowf. 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. 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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 Den available to all Tigers and Tigrises for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfn.com. did was I uh I put the 30 minute time frame charts up on our screen because they have some bottoming patterns out here. So, this would be helpful for you uh today from a trading standpoint. Certainly right now as we speak, if you look at the ES mini forge 30-inut time frame, you'll see a TD9 count bottom that is under attack. Now, it's 11:18. So, we got 12 minutes and I don't know whether it's going to be negated or not, but if we did get a close below 764450, it absolutely would be negated. That would on at least a 30-minute basis tell us that we are likely to head lower. That's the same message that's coming from the Dow equity future contract. It has both a uh TD9 count and road momentum indicator bottom. And they close below and it's trading below the level right now. They close below 52406 at 11:30 is going to negate those signals. That's going to say we head lower. the the Russell 2000. No 30-minut bottoming pattern out there. Doesn't mean it doesn't have one for another time frame, but nothing on the 30 minute. And on the NQ will be the final bastion of hope. It has a TD9 bottom with price testing the buy zone. I can't tell if that's the buy zone. Hold on a minute here. That is the It's testing the uh Got to pull this away from the side. the heck. I don't want another one of these mouse issues sneaking up on me. So, give me a second here. So, uh 29. No. So, the bottom of that profile in the center are both the same at 29 392. So, that's a strong level of support that's being tested. It's also testing its TD9 count swing point. It's been tested and rejected so far. And if it closes above, this is at 1130. If it closes above 29,450, it'll negate. it'll it'll have test and rejected that. So, it could be the NQ that would be propping the markets up. Again, watch the ES mini count pattern. It would be negated with a close at 1130 below the price point of below the price point of come on good lord below the price point of 764450 out there. In the case of the uh Dow, the number again that you're watching there is going to be 52 52 406. And that's the numbers to be watching out there. Now, let me go back. I'm going to close these charts out here just to free up some space. Now, go back to the other intraday charts. It's going to be the ENQ that's going to pop up on our screen out there. So, we know the ENQ's got that 30 minute TD9 count bottom pattern. The question is, does it have any other bottom patterns or if that 30-minut gives it up, you know, its curtains to the downside. So, let's go take a look at the uh let's go take a look at those other intraday charts. They'll pop up on our screen here momentarily. And here we've got 5 hour, 4 hour, 2 hour, 60-minut, and the 15-minute or 10-inut I should say to go along with a 30-minut chart. So on a 15minut uh 10-minute chart that is I see a buy the D point Gartly buy pattern just formed with that bullish hammer candle. So you got a you got a Gartly buy pattern on a 10-minute NQ chart. You've got a T9 count bottom with price testing at swing point testing profile support that is held. You're into the buy zone on the 60-minut time frame chart. The two-hour chart has an A to B equals CD pattern to the downside. It has a price projection of um of about 29282. We've been down as low as 29 333. Um 282 333 I think that's too far apart from each other. Um close on the 4hour time frame it's suggesting lower price. 5 hour time frame the uh uh NQ is also suggesting lower price. So longer term longer longer time frame suggests lower price. Watch that 10-minute chart. That would be your first signal. If we close below uh its hammer candle, then we certainly are headed lower. And that hammer candle low is 29 38625 out there. That's the NQ. Curious about the ES mini chart. So let's go ahead and get its charts up on our screen. See what kind of signals we have here. So shortly here we'll have the ES mini charts populate chart that is taking so long to do so makes it very difficult to analyze a chart when it's not on your screen. So the ES mini here we go 300 uh 5 hour time frame chart trading below support looks like it's going after a prior hammer candle. Don't know what kind of bottom that was if anything. Um that was on the 5 hour time frame chart. 10-minute time frame chart. Just completed a road momentum indicator bottom. Did that at 1120. Uh that pattern is under pressure. Uh I can't get to the low just yet, but I will shortly here because you want to take a look at that number. Price closes below that. It's certainly going to be tested or appears that it's going to be tested. But if we do get a close below uh shoot, sorry, having some system issues here. and we're trading right below it right now. So, but let me give good lord. You know what I probably would have to do is close down that E signal system is my guess at this stage here. So, at this at this moment in time, my apology, I can't I can't get to that. There we go. No, for some reason I can't get to it, but we are trading below that low. That's suggesting that we head lower. Just looking out here for any other bottom signals. Nothing on the 2hour. So, the 4 hour is the last bastion of hope in the ENQ in my opinion. It's going to complete a TD9 cal bottom pattern. It's going to do that at 2 p.m. It's 11:23 out there. Price is gutting for its most recent swing point. That takes us back to 10:00 in the morning back on September 2nd. That low is 761850. So, that's where price is headed to. The only bottom signal that I see out here is on the 4hour time frame. And again, that uh bottom pattern will not complete until 200 p.m. All right, we do have a few requests that have come in. So, let's get to those. The first one coming in from Mr. Bill. Mr. Bill would like to take a look at Well, I've got the XL cap on my screen. Mr. Bill, I'll do the uh ALB. I'll be tomorrow as soon as we finish taking a look at the XK. And I had the XLK up because I want to look at the socks in detail and the XLK here. I wanted it. So, if we take a look at the daily time frame, you'll see a TD9 count top over on your left hand side. weekly time frame, TD9 count top, monthly time frame, you actually have a sell the D point top. So the technology sector, even though it's leading things, it's literally the leading things from a counter trend standpoint, but it's got daily, weekly, and monthly tops. Not the best thing to have as you go into the worst month of the year, uh, September, you know, which just adds to the downside pressure. Now, in the case of the XLK for its daily time frame, it's still trading with inside it bullish structure profile. Its message as of 11:25 a.m. is that price wants to rally to 1917. We would change that message if we get back below its green oscill. The green och line is a few bucks below. It's currently priced at about the level of 18644. The weekly chart at consolidation with inside its profile and it's a huge profile. It's bearish in structure, but it's trading into the sell zone area between 18581 and 1987. That's strong like bull. And on a monthly time frame chart, we're even though we have a sell the D point top. We are trading above profile resistance. We're trading above its oid and change line. It's neutral at worst. It's neutral at worst. It forms that top gets back tests and rejects that green oen change line. So it's sending a signal. It says okay, but it's not really bearish. The XK not for its monthly time frame. And that says we just really have to get through September for the most part out there. Like October is not necessarily the strongest of all the months. It's a strong month, but not the strongest. November, December certainly the stronger months out there. So the XLK not falling apart. And not until technology falls apart will this market fall apart. So let's go take a look at Albby Maro. ALB. Let's go see what this is doing. Again, this for Mr. Bill inside the Tiger's Den. We got ALB. She's trading. Well, you know what we're going to have to do? I didn't see that. Uh uh Mr. Bill, but when we come back from this break, that would be the opportune time for Stevie to review this chart for you. And that's what we'll do. 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This portion of the Trader Edge is brought to you by Directions Daily Leveraged and inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit direction.com. 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. Welcome back folks. We're looking at the Albby Maro ALB. It's a Turkish symbol. This for Mr. Bill inside the Tiger's Den. So, Mr. Bill, when I take a look at the daily and weekly monthly charts, one of the first things that sticks out to me is that all the oscillator is below zero. Those are directionally speaking those are bearish conditions. So pressure is to the downside daily, weekly and monthly. When you trade below a red oscillator and change line, it gets even worse because you have a falling price oscillator below zero bearish conditions. So what that says is we have to go out and identify support levels. Turns out on a daily time frame price has resistance most certainly at that red oscillator and change line. So we know that's at 1372 for the daily time frame. Support though and it's held. It was tested 3 days ago, 12264, the top of its profile. So, not too shabby. But you get rid of you close below 12264, you'll be back to the buy zone or maybe even its breakout level in the 115 area. The weekly time frame chart does not have a bottom pattern. Uh had a nice little rally there. We won't spend time trying to figure out why it did rally. What we do know is it rallied right up into the change line, which is red. So, we're likely to go back and explore 11783, the bottom of its weekly profile. Of course, we can't get there until we close below the top of the profile. So, the first number that's certainly going to be, you know, that you're watching is the 12264 level. And the monthly time frame chart has a TD9 count top trading with inside his profile and has a buy zone between 8623 and 10120. That may be where price is headed to. Of course, we don't have to worry about 10120 because we got the 11783 on the weekly time frame out there. So, it's just a progression step at this stage, but that progression step tells us right now, Mr. Bill, pressure is absolutely to the downside. And that is on ticker symbol ALB. I hope that that helped you out as always. Thanks much for the request. SPCX SpaceX uh is a request out here. Oops, let's type this in correctly. SPCX uh for for SNP uh disclosure uh roads is long. um subscribers are uh long uh s uh S&P we I believe that this possibility that this is the generational low out here this nice rose momentum indicator bottom for back on August the 3rd out there I don't see any kind of topping pattern I see price trading above green o above the top of its daily profile out there which it may test the top of that profile is 14523 not enough data on the weekly or the monthly charts to really provide us with a ton of information out there S&P but the dailyy's got a nice bottom and uh be nice if it stays above screen and change line and the top of its daily profile. Coinbase on the other hand, which you'd like to take a look at. We got plenty of data there. So, let's pull up the charts for Coinbase. See what they're communicating to you and I and then let's go ahead and narrate those charts out there. So, we got Coinbase right now that appears to be giving up its green oscen. And if it closed below 18076, well, it will have done that and it'll tell us it's lost its momentum. What does that mean? Well, it would be day number three to the downside. I'd say you'd likely get at least day number four to the downside. Maybe you get more. The support level for Coinbase for its daily time frame S&P is actually the top of its profile and that's at 15977, but that's below where price is trading. On a weekly basis, you have a consolidation with inside its profile 188.884. It's acted as resistance. Can't bust him to the upside. What's OB1 tell us? Things will try to bust them to the downside. Well, the downside here would be the buy zone on a weekly basis between 15173 and 16410. The daily, we can say, is trading into a swing point. That swing point, this one formed back on September the 1st. That swing point has volume of 5.2 million shares. We're trading into it today with 2.7. We're trading into that swing point with volume. If it closes inside that swing point that means below 17872 it increase the odds that you will go test that low 181 even Steven you get below 181 then we trigger that 151 164 area the monthly chart has a beautiful TD9 count bottom pattern. Yeah, it's got that for sure. And prices above it's reclaimed the bottom of its profile at 17279. as long as price remains above that um you know it can kind of hold itself up but if that level fails and again that number is 17279 so that's your key area 17279 if that level fails I think we see lower price now maybe just gets back to test that TD9 count bottom and that low is at 13918 so that's what I see when we take a Coinbase S&P hope that that uh assisted you uh GT would like to look at by DDY. Let's go put those charts up on our screen. My recollection is the daily chart didn't provide us with a ton of information so we focus on weekly and monthly out here. Let's get his charts up. Yeah, I got all those gaps. Now, what I can say the daily chart is helping you with is that today is going to form bar number nine of a TD9 count. So, you should have a bottom in this today or tomorrow. That bottom ought to result in a rally towards its oid and change line where 1034 11:05 is that current print. Weekly chart TD9 count bottom price trading below its red o and change line. Its level of support is at 997. The monthly chart negated a TD9 count bottom formed an A to B equal CD pattern to the downside and that's got us getting back towards the $6 ever. It gets uh to five what 554 or so. So the daily time frame, watch its TD9 count. It completes that pattern tomorrow. I don't know whether it's the low of today or the low of tomorrow. That's the low of the pattern. But whatever that low is, if we start trading below that, then that tells you got a strong downward momentum move. The daily also has an A to B equals CD pattern to the downside. So a bullish reversal candle, which you'd love to see, even with a TD9 count to tell you at least the Calvary is ready, would be very helpful. Not really much else that I can share with you on by DDDY. It's got the potential for a counter trend rally to uh start today or tomorrow. Let's go take a light recruit. Jill GT, I know that you want to take a look at uh Brent and I would love to put Brent crude up on my screen. Unfortunately, E Signal changed their whole symbol setup for Brent and um and I I've got issues trying to pull up uh that data. So, my apologies for that. that goes through ice. And I don't think I probably paid for that Brent feed at this stage here. I did have it before, but I don't have it now. But let's do this at least. Okay, let's go take a lighteed crude if I can't put up Brent. We got lighteed crude out here. You can see the nice daily AD of equal CD pattern. Hey, we're past the 1 to1 level. Needs a bearish reversal candle to confirm a top out there. Short of that, we're in bar number seven. We should continue to move higher. We probably move higher tomorrow and the next day. The weekly chart is going to go ahead and confirm a TD9 count top at week's end, but maybe that pattern isn't complete until next week out there. So that's why we want to keep an eye on the daily chart in TD9 count pattern, the monthly strong like bull trading above profile resistance, but it's going to go ahead and confirm a monthly TD9 count top at the end of September. Now I can't guarantee that, but right now that's what it looks like. Completes that pattern the end of October. So lightweed crude strong like bull. No topping patterns other than the intermediate and longerterm time frame, but even those might take us at least through the end of next week. Steve Roach with TFN. We look at the VS Spot fix index with Peter. We come back to this break. 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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 had a request from um Peter inside the Tigers to take a look at the spot fix index. Let me go pull those some charts up on my screen. Sorry, I didn't have that ready to go right as we came into the show. So, we look at the spot VIX index. The spot fix index is trade above its 50-day exponent moving average. The spot fix 50day is at605. We're trading at 1630. Price has also run right up into trend line resistance just as the daily chart for the S&P is testing trend line support out there. So, Peter, if price can break through this uh level, this trend line resistance level, look, first, if it closed above the 50-day exponential moving average, and a rate of change is only 3.7% out there, you got pressure to the downside. Uh because this will provide sellers with an edge. Now, if it certainly closed above the descending trend lines out there, boy, sellers really have an edge. But they would have that edge. If we close above the 50-day, they would join the New York Stock Exchange advanced clinet, which is below a zero threshold level. Now, the interesting thing here is we're nearing the oversold territory on the New York Stock Exchange. Hey, the cool thing is, folks, we got the tools here to assess what the market is communicating to us. So, no worries there. If we get down and we close at - 150 or - 132 today, that will get us into the official oversold territory. That does not mean to expect anticipate a bounce right away, but it says you're nearing one for sure. you know, just generally speaking out there, um, if we take a look at the markets overall in general, remember when you trade above a prior year high out there, you are in a bull market. And these are the yearly charts for the major cash indices out here. And you can see that we are in bull markets in the Dow, in the S&P, in the NASDAQ, in the DAX, in the Footsie, in the semiconductor index, in the NIK 225. There are only two markets and they're both in China. One's in Hong Kong and the other's in Shanghai and they are trading below. That's where the weakness is in the market. Otherwise, generally speaking, it's bullish, gigantically bullish out there and we're just really trying to get through the September uh phase out here. So, but in the short term, we certainly want to pay attention to that spot fix index. So, thanks for asking about that. Uh, Peter, let's go take a Galaxy GLXY. I think this is Galaxy Digitalist for Fletch inside the tiger's den and Fletch the concern that we should have here with regard to Galaxy is the weekly chart and the price point that we should be concerned about is 2637. 2637 is the center of its bullish structured weekly profile. Price was trading below it for 2 4 6 7 weeks out there. When you trade below profile support for two weeks in a row, a counter trend move to the upside runs and fails in that old buy zone because it becomes a new sell zone. Shoot, if that's not exactly what took place on Friday and is taking place now, I'd love to see a close about 2637. Look, last Friday's close, the close was, let me give it to you, was 2633. She didn't take it out. Ran right up to where a counter trend rally would come to an end. Now, when we look at the daily chart, this is courtesy of Basel Chapman, by the way. You can see that yesterday was wave number seven. Doesn't look like we're going to get a higher high. We are testing profile support on its daily basis. If we close below 20 605 or 2594, price will get back inside its profile. likely tell us it's going to make a move to 2448, maybe even 2292 out there. But the key for you longer term, no matter what, is going to be 2637. And I'd have to say right now, expect and anticipate a 2 to 4 day retracement where price testing some of those support levels, whether it's profile support or oscillator and change line. Monthly time frame chart shows you just have a nice good old-fashioned sideways consolidation fletch. So that's what's going on. We take a look at Galaxy. Uh GT would like to take a Google Gogg. So let's get it charts up on our screen. See what Google is doing out here. You got Google last trade firing off at about $3278. That's below daily profile support. It has a negated TD9 bottom. It is targeting its uh swing point from back in the trading session of July 23rd. That's down around the 32445 level. We're at 327 right now. Daily chart for Google says lower. Weekly chart trading below profile support says lower. Trading into a TD9 count bottom pattern from back on July 24th. Now, there was 122 million shares that week. We're not halfway through the week. We're close. 22 million shares. 22 going into 122. Wow. Is that light volume selling or what? Most certainly is. But doesn't mean that low won't be tested. As long as we remain below profile support at 334.97, that's its signal. Monthly chart roads momentum indicator top price closed below its green screen oscillating below last month's low. All the pressure inside of Google is to the downside. I believe Google's going after that weekly TD9 gal bottom which if it took out and it closed below it doesn't have the volume but if it did take it out it would trigger an AB equals CD pattern to the downside likely targeting its breakout level at 24467 right now. Suffice it to say it's just got downside pressure and likely to hit lower. So that's what's going on with regard to Google. Let's go check on Nike. Right. Nike we know had that nice TD9 count bottom pattern for its monthly time frame. Was that completing last month or is that this month? I don't recall, but let's go find out. See what Nike is doing or see what it didn't do. Nike monthly time frame. Oh, son of a gun. It did. It negated its TD9 count bottom last month. Wow. So, what's left for Nike? You got that A to B equal city pattern. Well, hold on. You do have wave number seven. All right. That needs a higher low. So the earliest I could confirm would be next month. Weekly chart, no bottom signal. Rose momentum indicator pattern is present. Needs a bullish reversal candle. Bar number seven, no bottom. Daily chart, son of a gun. It's negating a TD9 count bottom. It's negating a uh wave number seven bottom from Basil. Man, Nike Nike's got some real trouble. Nikey's got huge trouble. Holy cow. Almost a straight line move almost from 180 down to this 37 bucks and doesn't look like it's going to stop anytime soon. Wow. Negated it daily TD9 count bottom. Negated its monthly TD9 count bottom a couple days ago. Well, last week. And the weekly's got no bottom in sight. But it does not look good for Nike. Not look good for Nike. Is that a public company? I don't think so. Does it? Um LU. Let's go take a Lululemon. See what it is doing out here. So, we got Lululemon. Its last trade firing off at about $996. I see no bottom signal on it daily time frame. Says it wants to head lower. Last week, we negated a TD9 count bottom. says we want to head lower. Weekly chart negated a buy the DOI bottom pattern last week trading below profile support which formed just last I'm sorry last month and trading below its red o and change line headed lower. Wow. There are some stock charts here that are stocks that are just really falling apart. That's 520 not that long ago. Now, when I say not that long ago, takes back to November 2023. Wow. Lululemon, it's in a major world of hurt out there. Um, let's see. Yeah, Kate, you're asking for Apple, AAPL. I'll put it charts up on our screen here. Um, and I'll try to make sure that I haven't overlooked something inside the Tigers 10. I see a request to take a look at SLS. Maybe there's something before Steve Road with TFN. We'll be right back. 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. >> 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 Pesventto'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 roadmap 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. You'll find Fibonacci 247 right under the newsletters tab. >> Are you ready to take charge of your financial future? TFN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFN 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 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 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. Welcome back, folks. We got three requests to get through here pretty quick. So, first thing, uh, uh, we take a look at, uh, this for Kate. Uh, Apple. Apple's consolidating. It's trading into its buy zone right now. That's between 31047 and 31725. Uh, the dailyy's got a road momentum indicator top, as does the weekly, as does the monthly chart. Now the monthly chart is not so bad because price above green o and change line and so it's really neutral and it's above profile resistance out there. But watch 31047. If you lose 31047 you could be headed down to well you'd be headed down to 30916 and below that 28791. That's what's going on there. Let's go take a look at SLS. This is for day inside the Tigers Den. Get its charts up on our screen and then we'll finish off taking a look at Whirlpool for Peter from Park City. But SLS right now, last trade firing off at $13.88. It's got a TD9 count top. It is trading with inside its daily profile. Dan, that's between 1225 and$,567. The weekly chart remains bullish, traded with inside its profile that formed last week 1113 to 1567. I say remains bullish because prices trade above its green oid and change line. Now there is a sell the Dpoint top out here. And in order for SLS to really get motoring to the upside, it's got to close above uh 1588 out there. The monthly chart has a TD9 count top. That TD9 count top would be negated with a close above 1588 as well. So that's the real key number out there. Now the monthly chart is very bullish. Very bullish Dan because there's a new profile that formed last month below price out there. So you're dealing with the daily top out here, but just a consolidation with inside profile. Same thing on a weekly basis. Lastly, let's get to uh Whirlpool WHR. Let's go see what that is doing. Al, keep the music low. I know we'll be there in about 10 seconds or so. Just keep it low. Let's see if Stevie can get through this, which I know I can as long as we get charts to populate out here. Whirlpool trading below daily profile support. It's going after its rose momentum indicator bottom. That's from back on the trading day of July 23rd. The swing point volume there was 2 million shares. You're going into it right now with 1 million shares. As you're moving in that swing point with volume, I would expect it to test that low. And if you close below on a weekly basis, if you close below 3601, you'll negate the weekly roads momentum indicator bottoms and you are headed lower. Folks, have a wonderful Wednesday. Thanks for joining me. I look forward to seeing you tomorrow on terrific Thursday. Take care. Be safe out there.