 T F N N headline news update Everyone Basel Chapman the host of the Tiger technicians hour coming up straight off this T F N and noontime update I'm also the author of the opening called any newsletter does down 281 off the low below today was 26,000 we haven't moved it over 26,000 130 And it's now trading at 26,195 up up 60 points from the low But still down 284 points this pattern here that we were looking at remember We talked about this for some time those peak D's in the chapwave methodology What we're looking at is also the cup formation and the arch formation straight line moves cup formation arch formation the three Different configurations that are in the market all the time now What's really important is that the support in the dollar is 26,070 That's the 200 period exponential moving average a close below that would suggest. Yep We're gonna test the 25,743 low of just four days ago. It was spectacular move It was what Thursday and Friday as Thursday. Yeah Friday and Monday So what we're all looking at in this particular point is This is a pattern that we got to watch so closely in the weekly chart because these cups and archers are getting closer And closer in and the number of bars before they roll over or they accelerate look at the S&P The S&P at this particular point is down 36 points is trading at 2902 it's off the low of the day which is at the 2906 area And what's really important about this is that the pattern was repelled just like the doubt from the 9 and 14 Moving averages yesterday in the day before very strong. It's filled the gap It's gone down to the low that says that if it was to take out today's loaf it goes to 28 Let me say 2898. This is a really good chance to 2876 level of the 200 period moving average Will be tested very soon the QQQ upside of course is today's high That's gonna be very difficult to attain unless something really fabulous happens on the economic front And yes Ruby will look at December hogs as soon as we get back This is 18612 on the QQQ NDX 100 down 2.10 Here again, the pattern is negative at the moment to make these negatives to cast exonium 43% So as weekly charts this week then again at Friday, that's gonna be so important and the IWM at this moment is down one No, it's down 2.28 and 14660 very very poor action It makes it 145 to 142 level absolutely