 The following is a presentation of T F N N. The Tiger Technician hour with your host, Basil Chapman call now toll free at 1 877-927-6648. Hi everyone, Basil Chapman on this Tuesday. This is October the 11th and we're looking at the doubt. Attempting earlier on the future. I had a reading in my chapter with Tringage yesterday that said that the many futures within two days should have a really strong balance. And we got that balance. If I can show you here, let me go to this. If I look at this is the one minute chart. It made a low, the E-mini, made a low earlier this morning at about six o'clock at about 35, let's call it 3584, 85. And then had a beautiful run. Remember the Chapman, we've always looking for four higher peaks. The bicycle gets upgraded to a buy mode implying that the price that you're following should then go to at least four higher peaks. That's peak D, up with ABCD with uppercase on the way up. It can go higher than that but D is where you just have to, for the moment, lift your foot off the accelerator, hover over the brake to see whether or not there's a sharp pullback coming based on other technicals. Well, you went to a peak D at about 7.28 this morning. It was walking the 9-period moving average and a pullback sideways move. It's a 200-period moving average as a springboard. Started another brand new ABCD with the Chapman Wave inside. This is Chapman Wave Instant Restart right there. Within three bars it takes out the left side high. Then went to another peak D. And that peak D was, in fact, the high of 36. I think it was around about 30 pullback sharply. Went underneath the 200-period exponential moving average. And also what I had drawn in was at that peak D, I did a left side, right side bar symmetry. Well, it didn't come down to that line in time. It waited another four minutes, five minutes, and then it took it out, which was also the 200-period moving average support. And then it recycled to an instant restart on the way down. So it becomes trough E slash A, trough F slash B, trough G slash C. And then it went to a D, and now it's gone to a trough E. And this is the first time that on-balance volume is giving you a nice V-shape turnaround. It says that's at least an attempt to make a move to the upside. But you need to see it get you about 35.93. It's at 35.85 right now. 35.93 for the peak. Nine-period moving average to turn green over the 14-period moving average. And then, if that happens a little later in the session, maybe towards five minutes or 10 minutes to 11 or maybe 10 past 11, AM this morning right now, we're at 10.09 AM, we could see a test of the 200-period moving average as resistance, which is at 3.604. All right, got that out of the way. Let's get to our story. It's very important. There's a pattern that I call the dreaded H. The only reason I call it dreaded H is if it takes out that left side low, it can go a lot lower. Well, in this particular pattern, you came down sharply right there, bounced in August. That's where we went short via the DOG. Still have that as an intermediate term position. Now, each day we keep trying to trade the diamonds to see whether or not there's going to be traction to the upside. Don't want to put it on too many positions alongside the stocks. They're just in a bare phase. 90% of the stocks or even more can keep coming, going down. So you really need to test the waters. And at this particular point, that left side low of this, you see there was a dreaded H at that key support of the chat wave inside track propellant zone. It failed. That was in September. Took out that left side low and it went right through it. And now we've got another arch formation except this time. What happens in these H patterns is that when you get to a peak A or a peak B on the bounce and it fails, when it comes down and there's an island reversal, I don't want to put too many chart patterns in here, but right there, there's an island reversal. Three bars up, gapped up, and then three bars gapped down below the left side low so that now you've got a gap. This is the acceleration phase. So this particular bar today that today's candle, either it's the first time that there's some support that comes in to try to get back to at least 26,300 level, maybe on a balance we'll see. Well, very early in the session because on a purely technical level, the charts are saying it's extremely overboard everywhere you go. They're just, I'm sorry, extremely oversold. Oversold means like an elastic band stretching, stretching, stretching, it's ready for a little bit of a bounce to the upside. How strong and how long the bounce is really depends on how the torque generates upside momentum so that it takes out resistance levels. In this case, it would be moving to the 30,450. This is, at least we can get an H that goes to an M pattern. This lowercase H could go to an M pattern. Well, in this particular instance, you see how many times it's failed, how many times it's failed in the weekly chart from the 36,952 high back a week of the 5th of January, and this is the largest one. When it becomes large like this, these mean that you've used up a lot of buying power to the upside, but you've also begun to use up a lot of selling power. So in this particular instance, this is a very important session because as I said, you see right here, this is the candle that we're looking at, October the 11th, this little candle right here. If this fails and takes out yesterday's low of 29,010 in the Dow, wow, it could be a quick move down to the 28,715 level. So this is really important that you can start another H pattern. All right, and you see exactly the same thing in the S&P. I wanted to take a little time on technical patterns this morning. I'll do that again tomorrow because I want you to show you, maybe I'll do that tomorrow because I've got a little, some technical aspect that's not quite working here with my Skype. So I'm not using Skype just at the moment. We'll try again during one of the breaks to see if it works because there was an update, I guess that made a little problem for me. So you can see the S&P has taken out the left side low, and that implies that you have two sessions in which to close above that left side low of 35,084.13 to at least try to save the day and then it can have a bounce, and that bounce should take you to at least maybe a moving average, in this case, 3670. Wow, that's a hundred points high. I didn't see how it's going to do that now unless there's such an oversold condition which the unbalanced volume, this blue line, there's nothing else that's suggesting it, but the blue line says very, very oversold. I don't use the word oversold in the stochastic or the MACD. I use it only on the unbalanced volume, and that is saying right now on a purely technical level, there should be some kind of a relief balance. Let's go to the QQQ, and of course the Qs are being impacted by the SMHs because there are so many within the Nasdaq 100. Down 3.61 at 262 right now took out that left side low of 267.10 in September or is it September the 29th or something? Let me just get there, September the 30th. So this is very important and you can see the weekly chart has got this arch formation trying to make a cup. Now the stochastics at 5% in the weekly chart, that is very, very weak going to take a lot to generate to move up into the system. I'll be back in a moment, let's just look at those E-minis because I think there is a big anxiousness out there because the selling is, I mean anyone who wants to sell, they've been able to sell. Now it's a short player and this move up now, leg B in the 2-minute chart is suggesting what we were talking about before. We'll see if we can go a little higher. I'll be back in a moment. Now it's down to 53. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com. TFNN Educating Investors Everything in the Universe is governed by the Fibonacci Sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den available to all Tigers and Tigresses 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 TFNN.com. Toll free at 1-877-927-6648 internationally at 727-873-7618. Hi folks, we're back. Let me answer a couple of questions here are the statements of questions in the Den. One is, yes, I remember I checked on APA which is an APA course in energy stock. Something happened there and I had to re-notate the whole thing energy, oil and gas connected to Apache. So yes, there's a connection there and the question was have they What was the question? There it is. Did Apache oil change the name to their stock symbol APA? Yes, so they're connected to Apache APA core. So I don't know whether it's a holding company or whatever it is, but I know I had to re-do and the trading has 40.40 down 77 cents right now. Have you made a peak ABC? Is that a double top C1, C2? But then I went on to a D and the weekly chart has gone to a leg B. It is in play, but there's a little consolidation going on now coinciding with oil pulling back a little bit and another question was Boeing. Can I take that in the wrong place? Probably, here we go. Boeing, yes I did. Boeing is trading at 130.69. There was some news yesterday which allowed Boeing to move up and that kind of helped the Dow. That was a fake out for the Dow because although it's weighted in such a way that it did impact the Dow and down on $1.35 at 130.55 they're probably pulling back and weighting the Dow a little bit to the downside but in fact the Dow is holding way better yesterday than the S&P. The Dow is down only 48 and the S&P is down 33. So Boeing, yes. Boeing made a peak D in the weekly chart a very quick peak APB, peak C and then a peak D. That should have been a down arrow from just a plus sign to a down arrow. There it is. And now what we're looking at is a chance that over a period of maybe a month or two there is a test of the low that was made back in June of 113.02 is trading at 130.39. Yes, per chance, Boeing is able to pull that big gap down from closing on the 22nd of September at 138.29 almost at the low of 132.29 and having a high of 138.29 and having a high on the gap down day the following day of 136.19 if it's able to close that gap and trade into this ugly candle of the 22nd of September and perhaps the higher was 140 feet getting into the 139 to 140 area on a weekly basis at any point that'll suggest that and I'm saying that regardless of whether it's in the interim of tests 113 or not although if it holds above that that'll be a good break to the upside that's really what's needed in Boeing to do anything to be able to show that there's some kind of upside action available at this particular point it's very very weak now and that was that question there so Boeing in other words has upside resistance but if in this period right now this week if it closes under 128.02 that was the low of three days ago then the gap high of the 3rd of October which is 127.15 that's going to be a key support level perhaps someone could just have a quick look at the many yeah so it went to the peak B it kind of did what we were talking about but let's pull back now you see as long as this pink 9 period expedition moving average remains underneath the black 14 period moving average the cell signal that started that was generated at 36.20 back on the 8.54 this morning that's in place so 36.20 here we are at 35.90 having gone down to 38 almost 35.80 level yeah that's it remember I like to look at things and say there are two outcomes here one is that I like to look at the chances of a failure I don't like to look at it but I usually throw that in there's the H pattern and to break the H pattern you want to see the pink 9 period moving average turn green and all of a sudden you can say aha we're already at a peak B if there is a green candle then you can see a target of the 36.003.25 level of the 200 period exponential moving unfolding so there are two patterns one's the cup, one's the arch and then you see that in every single chart you're looking at so now let's go back to we were looking at various what I didn't do is I said the QQQ but I wanted to show you the estimators the estimators which is a semiconductor this is the market vector semiconductor ETF is very weak down 6.15 at 176.15 to me that is just negating any chance of a spectacular turnaround today just from an over sold condition yes you could get a bounce to the upside you're going to have to work hard and you'll have to see the estimators at least help being helped being dragged up to the early down maybe three points or 2.5 by mid I wouldn't say mid session I'd say by off the 130 and the down needs to be less than minus minus 30 at that particular time so that's very important and this reason you know where the price made a high in January at 318.69 and they're trading like at 176 not going off but just a huge decline and that's been a big drag on the general market and they are the oil of the 21st century oil generated an expansion of economies around the world through just oil petroleum products etc etc which really generated the huge market moves over the 1900s into the early 2000s and about I would put it this way in the third part I would say in the final quarter of the 1900s from about 1975 that's where semiconductors turned into oil almost everything needs semiconductors today so we're looking at how important it is and if you put into perspective right here I'm going to show you something that I think is important just in terms of where we are in the market we've spoken about this before the VIX index trading up a little bit trading up $1.20 at 30.65 in the data is making this U shaped pattern which says how you test the top of the U this case 34.88 the high of late September about the 30th or so how you deal with that is going to be very important because yesterday we went all the way to 30 that was yesterday 33.99 almost 34 and today it's holding very nicely to the upside and we are still on the out on the cusp we are still in the chapter we've inside track repellent zone it becomes a propellent zone that's why I'm saying this arch formation in the Dow it's so important today because this particular candle on the third day of the turnaround is where you go straight down to the left side low there's some support today that's going to be very important to say save the day at least in the very short term I'll be back and a lot of questions have come in puzzle chapter target conditions are $42.5 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold, silver, bonds DXAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN.com don't miss out on the next great gold trade sign up today TFNN is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best selling book the art of timing the trade your ultimate trading master system David White has programmed an outstanding piece of software trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month so confident that you're going to love this new charting software that will even give you 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 p.m. eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors this is trading at PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX PFIX And this is the direction 20-year treasury, you see, they all look the same. And in fact, I looked at these and I thought, what are those that look like the yields? And then I figured out that they were related to the bond yields. So this fits exactly. So I'm going to say this, that if you look at the TBT, and this has been that beautiful cup formation that was formed at 29.56 back in June, and then it pulls back, this is the ultra-short Lehman 20-year treasury bond ETF, then it broke underneath the 14-period moving average in the weekly. But look, the 9-period moving average, even though the MACD went down, the sarcastic plummeted almost at 20%, that 9-period moving average held above the 14, and that was fantastic, and it's still fantastic, and it still says, watch out, the Fed, even though there could be a brief pause, the Fed is determined to push, I mean, that's what it looks like right now in the weekly chart. The Fed is still determined to make, to push the yields even higher, and I wanted to show this earlier on, I'll do it now, TNX.X, I don't remember if I showed it, I know that I had already to show that the TNX, the 10-year treasury node yield, look at this, I drew this line in ages ago to say, don't worry if yields go higher, it's the trajectory that the Fed promulgates, that is the issue. Look, we've been at a 2009, 2010, 2011, we've been hitting this, let's call it 39, 3.9% range over and over and over again, and it'll get you out of a spectacular bull market. Then we plummeted down to 3.98, 3.98, is that, that can't be, oh yeah, 3.98 from 35. So that's 0.398 in the actual yield in the 10-year, and now look where we are, in Leg D, we're above that, it's the trajectory, it is the Fed talking about pushing rates higher, needing to do that, that is the issue. Now, yeah, we go, let me just show you this real quickly, so now we're finally getting to Leg C in the cup formation of the E-Many, not good enough, not good enough at all. I want to see a hit of the 200p removing average of 36.0, now it's at 36.02, because it was slightly declining, and that will be very important. What I said is between 1050 and 1110, we want to see trading above that level, and that'll say good, a chunk of the downside, at least for this moment, has been done. So the question came in for subscribers, why are you looking at the long side at all, isn't that kind of a fake out, and what I've done is, we have raised the greatest amount of cash that we've had ages for subscribers to my opening call. We are trying to be very selective, for instance, today we bought, and I got a question here, could I look at, oh where did it go, maybe I have to do this right, yeah could I look at the XLE? Well the XLE is the energy, S&P Select Energy Spider Fund, it is down quite sharply, it made a really fabulous move from under 70 to 83, and now it's pulled back to 78 over the last two sessions, and I think it's having a little digestive phase. What's really important as it started to show in the weekly chart is making higher highs and higher lows, keep it as simple as possible, that is the channel weight up channel with the inside track propellants are worth very well, I was a little late getting in there, and then I decided not to, instead I said to subscribers we're going to take an oil gas service stock, and we're going to try to get into that, we're going to wait yesterday ahead as a buy, but it was way higher than that, I said let's wait for the pullback, it got the pullback today, and now we're in it, and it's already making just a little bit, but the day is young, we're not over an hour into the session, so I don't want to get too carried away, I want to say that the XLE could, have a look at crude oil, and you'll see what I'm talking about, in the crude oil these sharp moves that go up to the inside track, repellent zone, and then pullback have been very sharp, what's the difference now, the difference is that the stochastic is at 91% and flat, it is not fading, if it had dropped with this move over the last two days, down below 80% I'd say, oh be careful, instead for the very first time, we've got a flat stochastic, a very strong MACD, very strong 9 over the 14, way above the 200 period moving average, so that says that the XLE is attempting to form the next base of support in the 80, what's the load to the 8835, I would put it between 88 and 80, that's called it 86, 80 that's called it 87, maybe just a tad lower to the 8675 level, which is the 200 period moving average, trying to find support, if at any stage in the next three to four sessions, otherwise going to Monday, starts to trade about 90, in the 93 area, that is fantastic action for the daily, because that says it's going to be leg C, and the MACD is strong and the stochastic will get even stronger than 91%, so I hope that helps you, if it closes at any point, because we're looking at extremely volatile markets, if it closes at any point below 85, that says, oh, be careful, at least for a very near term, not even short term, but near term, it's digesting the big gains and it's got this lower lows and lower highs in the weekly chart, that's crucial, I'm talking about, and we're going to have to watch that, but the XL E, an overall participant in the energy sector, a market's gauge actually has done very well, so if I look at the monthly chart, holding very nicely in the rectangle formation, I'll be back in a moment, now just went positive for a brief moment, I'll be back, the SAP is down 27th. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball, after all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts, you might find that it's not so impossible after all, for daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices, get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the technology insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for value tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at tfnn.com for only $37.50. Sign up for Dave's newsletter, the technology insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money back guarantee. tfnn educating investors. Biotech is booming but for how long? Whether you think the Biotech bull has room to run or has run its course, trade L-A-B-U or L-A-B-D directions daily S&P biotech three times bull and bear ETFs. Visit directioninvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction chairs carefully before investing. The prospectus and summary prospectus contain this and other information about direction chairs. To obtain a prospectus or summary prospectus, please contact direction chairs at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. In 2017, this is kind of the move that I was wanting. This is purely technical. This is not based on emotion or anything like this. This is a series of hammering to the downside with the Chapman Wave dreaded H pattern. To me, very important in this particular session in the Dow, because this is the one that either accelerates quickly to the left side low or at least attempts to find some support. But you can have three in one day. This is, we've had one day early in the morning where the futures were down 250 something in the, in the, in the, in the Dow 30, I think in nine or something in the S&P futures. And then there was a fabulous rally. That was part of the Chapman Wave Tringage High Reading S&S suggested there should be a sharp rally in the S&P futures. And if it holds, it can help the general market. But by the time the market opened, it already starts turning down. So this is important. And you can see what's so fascinating about chart patterns. It doesn't, you can have this multifaceted sector rotation that very, very often when the tide is so strong, all the charts look the same. And look, here's natural gas. United States natural gas fund, which this is the season of heating oil, heating natural gas, crude oil, whatever it is. Being used a lot. And yes, UNG is about to test the left side low of October the 3rd, 21.17. What is UNG? United States natural gas fund. So it pops up over the 200 period moving average, which was support that became resistance now to magnet. Went to peak A and now it's fading. And today's acceleration to the downside, by the, by the end of the day, you want to see natural gas, not take out this left side low, because that'll be very negative. Actually, maybe for winter, it's saying at this point, don't worry about winter, because we're still having summertime natural gas prices by them coming down very nicely. So what we're looking at here is a low of 21.17 on the 3rd of October. It must hold for it. The low today is 2210. We're almost there right now. This is going to be very important. If you're looking at the weekly chart, these big rectangle, these patterns tell you you're in a range. And it just says, don't be surprised if even if after a pullback in a month and a half, you're looking at natural gas up in the 27 to 30 area, because that's what happens in these big rectangles. But it is a peak D in the monthly chart. And the peak D is where you can see the sharpest decline. This isn't the sharpest, it's one of the sharpest. The peak C was pretty big. And then the very next bar, sold to the upside for the new recovery high at about in the 34s. And now we're looking at a pretty steep pullback. So that's United States natural gas fund. So within the context of the big picture, the big picture says the Fed wants high yield. The Fed wants high yields because that's their way of bringing it's stalling the economy and basically bringing prices down. Well, if you're stalling the economy, what happens to stuff that is in maybe the HGX, which is what? That is the Philadelphia Housing Sector Index, which made it made a peak high, a double top high in about the 420 area. 538 was the highway back in 2021. Pullback very sharply to the 330s, bounce up to the 420s. And now it's come down to the low of October, no, September 29 or 27 at 342.76. Very strong gap up. Island reversal to the upside. Now an island reversal to the downside. But it seems to me based on just the visuals of the weekly chart that the tacticals on the right side are quite a bit stronger than the tacticals on the left. And that says to me, there's a chance that we're getting really close to some kind of a pullback in yields, so that the TLT can finally have a bit of a rally. And that could help the Philadelphia Housing Sector Index bounce a little bit. But the overall pattern of the weekly chart says this H pattern looks like a dreaded H could become an M, a lowercase m rather than the arch of the H and have another move to the upside, but it's stuck in a range. Okay, next question I had was not a question but a statement. I discussed this yesterday. I don't want to take time now, I will do a little bit of a study. And I'll do that at some point over the next week on advanced micro devices, having spectacular moves from the single digits to the double sometimes even triple digits, and then just coming back huge. Sometimes it coincides exactly with market moves. And sometimes it's just completely independent because they did the wrong thing. And they're paying the penalty. Now 164.46 was the high in November is trading at 57. I mean, 110 points down from that high. That is, that is, if in the jet wave inside track right now weekly chart in a truck, a leg G to the downside. I should actually put G slash C because that's the way G's often work. I always I always look at it very closely. And so many times it makes the G slash C. And then it has another move and then it goes to a D and then that's the big turn, both on the upside and the downside. So I'm watching this very closely because once micro devices was basically a leader for a while. I mean, if you look at a lag of like Intel, where did I type that? Oh, typed it right there. Look at Intel. Intel had a double top. But that was from 2020 to 2021. In the 69 almost 70 area, trading now at 24.99. So the answer to the question is about to keep talking about an oversold balance coming the past week. Actually, in today, we've had these and then it just they failed. I'm saying that there's a condition that I call a technical oversold condition. It means that you're having your you're not in the sequence that says you want the evicts to scream to the 40s or something. And that's the final, the big low. No, this is a series of low lows and low highs. The only way you can get these very big moves like we had in April, like we had going to the August high etc. is when you you you met you on a near term basis. Remember, the core is the cell signal. And via the DOG, the short position we've had in the Dow in this last move since August. I don't want to change that at all. But in order to understand whether or not you can get a move that says it's a big enough move that you can now buy something like the TQQQ three times along the cues, but you don't have to get too excited about it. You just take a small amount of money with a very big leverage. And you see if you've got your time, you're right, you make a fabulous percentage, and then you get out. So that's what I'm talking about. But the overall thing, and I'll do this again, I did it yesterday, I did it the other day, was to say that the S&P monthly chart has crossed negative, the nine period is now under the 14 period moving average for the first time in not months, not years, but in I think they in decades, since the crossover, this is unbelievable, since the crossover right there in March of 2010, the nine period moving average monthly chart has gone through the Obama years, through the Trump years, into the Biden years, and for the very first time has crossed negative. And in fact, we are underneath where Biden got, look, there it is January 2021. We're underneath where Biden took over as the president. So it says this is a leg seat to the downside making lower lows, let's monitor this very closely. I'll be back in a moment, Basil Jeff and Delta 51 is to be done 21. Are you grinding in the market, but seeing little to no return? Or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with David White's powerful trading newsletter. David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades, support and resistance define the ranges in which stocks trade by understanding these trading ranges. David White is able to find a path of least resistance. David White's trading newsletter, the path of least resistance is delivered daily before the markets open to make every trading day an easy win. Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30 day money back guarantee. Take the path of least resistance at TFN and educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks and commodities. Subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman wave. The Chapman wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys and stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com. Educating investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 seven newsletter at tfnn.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24 seven newsletter today tfnn.com. Educating investors This segment is brought to you by think or swim. For more information, just click the think or swim banner on the front page of tfnn.com was made that very close to where we're getting some kind of a market turn. And we will be looking at things like the sqqq or the tqqq or the s o x s that's the s and p short or the s o x l. No, yes l, which is alongside. So what I do here is this pattern that says we are in a by mode in the e mini two minute chart. I'm just sticking with this particular two minutes for now. But it's gotten to it's walking the nine period moving average, but it's beginning to stall. It should have had speed should have used that momentum to the upside to the big C that was made at about 3609. And now it needs to push even further to the upside. So with that said, it says that I said by 10 1050 to 1110, we should begin to the 3609 36 we already got there. But I said also that if it works, we should start ahead, because we're now we're looking at the left side high, it was made back at 924 this morning in the 5616 area. So we need to see that this check with inside track also inside wedge target resistance line right here of 3611 is taken out. And finally, we can see a move that goes all the way to the 3615. Now we're at 3607. I like what I'm seeing here. And as I said, it's just a purely technical oversold condition. But these are the conditions that tell you that they could be put follow up. And you can play the follow up, which is what we've been doing for subscribers to opening call either on bike, single digit stocks that hopefully can give nice percentage gains, or that are in the sector that I like, or we're going for something that is in the sector that's working. And we can go three times long in a small position, make some money, take it off and keep building the kitchen for the big moves to the downside sometime, sometime in the future. So with that said, thank you. And I'll be back with some of the latest today. Thank you. Because Steve wrote should be great programming coming up all day, of course. And I'll be back with some of Brian wraps it up as feature for and Tommy O'Brien.