 This is TFNN, The Tiger, Financial News Network Update. Good morning everyone, Basel Chapman here on this Tuesday, the 2nd of May, 10 o'clock Tiger Financial News Network Market Update, dials down 155 at $32,896, remember we were talking about this, going into this trap, we've inside tracked repellent zone, Lake E but the technicals were not that good except that the nine-period moving average was still very strong. So we're looking at this and saying we need a couple of days to see whether or not that weakness will continue that we've seen right now because the S&P also right now is down 17 points at $41.49. Remember in the Chapman methodology I'll be talking about this in great detail in my webinar tomorrow at 4 o'clock eastern time for subscribers you can sign up go to the front page of TFNN. What we're looking at is in the Chapman methodology there's never an H, you can go A, B, speak, A, B, C, D, E, F, G but when you get to a peak above that you've got to consider this is recycled to the upside. It's a moment where you're going to make a decision. My decision was that there is some weakness here and on the very short term we should see a pullback from this doji candle in the S&P right at the inside track repellent zone the QQQ same thing the QQQ's are down just a little bit down 63 cents at $321.50 slightly different picture here this could be considered a leg E we can be watching closely both S&P and the the Q's have got a doji candle IWM has been very weak, weak again today but the gold this is going to be what we are watching closely gold is up 11 the dollar trying to rally pull back a little bit and now has gone even higher to up 20 ticks at 102.32 the 102.78 would be the oh sorry 102.47 would be the next resistance and this rally in the dollar might affect the market crude all is down sharply down 2.50 at 17.13 TLT that's the bonds bonds are up again up a dollar 63 at one of 4.75 at a very sharp pullback yesterday just stuck in the range I've been talking about that for a long time I'll talk more about it when we get back to the Tiger technicians hour coming up and don't forget my opening cold day newsletter see you in a few moments for the Tiger technicians hour