 This is TFNN the tiger financial news network Good morning everyone Basil Chapman here on this Monday the 17th of July We're looking at the down this 10 o'clock tiger financial news network market update down's up seven and thirty four thousand five hundred and sixteen Finally made that leg D the second leg D the 16th of June was the first pulls back sharply Then went to peak a peak B peak C and by a fraction made a new leg D on Friday We're always looking for in the chapter methodology We're looking for four higher peaks to peak D then other things can happen That's where you got to test the strength and the weakness you're looking at the S&P This particular point the S&P is trading where we vary up five at 45 10 Extending oh not yet extending. Let me just check this out here because I've got a line that's covering it Whoops underneath the high of Friday, which was 45 2776 and your recovery high looking at the QQQ index 100 trading vehicle of 1.12 at 380 0.23 also like all the indices are spoken about at this particular point underneath Friday's high of 382 0.86 trading at 380 0.21 All the nine and fourteen period moving averages are over one over the Are positive let's put it that way And within that context We haven't yet got anything remotely like a cell signal But we've taken a little bit of cautionary step for subscribers to the opening call 193 13 up a dollar 16 the IWM good candle today after kind of a shabby performance on Friday But near recovery highs good action so far gold is pulling back. Where's gold gold is trading down 10 at 1953 Just a little bit of a consolidation after a really good move to the upside the dollars running just a tad where it was before Yep, it still is up 16 takes a 100.08 the TLT. That's bonds Bonds are trading down again down 22 at 101.08 rates are kind of in the higher ranges for the moment We're looking at crude oil crude oils trading There it is crude oil is trading down 62 cents having been repelled at the 200 period exponential moving out A lot to discuss as we come back in xli. That's the bigger industrial being very well I'll be back for the take if you wish to sell check out opening full day use