 FNN. The Tiger. Financial News Network. Update. Hi everyone, Basel Chapman here on this Monday, the 22nd of August, 8.22.22, I like that. I don't like the fact that the Dow's down 425 at $32,280. We've been warning for the last week or so that we're probably in a very choppy place and that the Dow should test the 200-period exponential moving average that went above and that if you look historically, in other words, if you look back in the year, you'll see that the Dow has gone over this 200-period moving average before that in March and April and then turned down sharply and now it's come back and it's trying to go above it. If you look at the S&P, it's exactly the same thing. The S&P is down 64. At 41.64, it went to 43.25, so the Dow is at a peak F. The S&P, I can get rid of that now because it's made a confirmation that it's at a peak F. Chapman, we have in the Dady chart. That says be careful, you can pull back sharp. It's now under the 200-period exponential moving average. 41.40 is going to be the next area of support. Looking at the QQQ and DX100 trading down almost 6 at 316. We're just above the 200-period moving average made a peak G. I'm calling that a G now. It's making itself much clearer. We thought it would be. Well, there it is. Now we're pulling back quite sharply, so the 316 level is important. I would say 312 is the next very important area of support on a very short-term basis. Looking at the IWM, it was actually acting quite nicely before it made a doji candle peak F, top of 201.99 is now at 191.68, down 297. Yep, here as well it's a peak F. We're looking at the gold contract. Gold contract is down 17 at 1745, made a doji candle peak D in the Chapman wave under the 200-period moving average, couldn't get above it. Well, what went above it is that the inverse, the mirror image of the dollar moving up of 33 ticks at 108.41. Legbeats got the left side target of 109.29. That was the high of the 19th of, I think was the 19th of July. Let's see if it's going to get there. What does it do when it gets there? We're looking at the crude oil. This particular crude oil is down sharpies under the 200-period moving average down 486. And if you're looking at the TLT, that's bonds. Bonds are down 42 at 112.61. Yeals are moving higher. I'll be back for the Tiger technicians' hour and check out my opening of the 80 News data. Hope to see you in a few minutes. Have a great day.