 This is TFNN, the Tiger Financial News Network. Good morning everyone, Basel Chapman here on this 6th day of July. We're looking at the Dow at 10 o'clock Eastern Time, Tiger Financial News Network Market Update. Dow has done 365, like the days of the year, $33,922 and one of the things we've been talking about for at least a week now was that was there a chance that we could rally for a peak A or even a B and then turn around and turn this into a Chapman wave dreaded H pattern. We don't know if that's going to work but we've got all the all the symptoms here. If you look at the price at $34,588 on the 16th of June, look how high the MACD was. Scastic on balance one gave you a beautiful reversal pattern and this rally that went to the high on that was on Friday and Monday at the 34,465 level had much weaker technicals and now we're pulling back. So this is going to be a very important session going into 10-20 where we would probably start the next part of the session, see if there's any kind of a rally at all but I suspect that if I'm correct that the tide is turning for at least a short term digestive phase that rallies will fail. So let's just look at the S&P, SBX.X, there we go, made a peak D a few days ago and the 44,48,47 level was the high back on the 16th, 44,58,48 was the high four sessions ago and now we've gapped down, we've got gapped down, we've got an island reversal. This is what I'm watching really closely because if the 43,50s is hitting the next two days that's going to say acceleration at least short term to the downside QQQ which is holding very well yesterday failed to get to the 372.85 high of the 16th instead now it's a 365 and not as bad a chart pattern but the technicals actually starting to weaken but that nine like the others is still above the 14-period moving average and that's good. IWM the Russell 2000 sharp moved down, Gold tried to rally earlier on and asked down 11 at 1915 the dollars trying to rally a little bit this is the modicum of strength is down 25 ticks it doesn't do very much but the TLT is down sharply so it yields a surge of group in fact TLT's tested that 100 left side load that we're looking at. I'm back for the target push itself, check out my free cool daily news, see you in a moment.