 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hello, it's Basil Chapman here on this Wednesday, the 10th of May, and in this particular session, I'm going to try my best to give a kind of a broader overview of what I'm looking at, certainly going into next week. And I will be away for just a little bit, and so I'll do my newsletter, but I think I'm going to have trouble getting the remote down for my shows. So let me show you what I'm looking at. See the dow? See the way it made this? This is a narrowing triangle or a wedge shape pattern. It's smaller and smaller. It had the Chapman falling axe, and it almost went one-to-one to the upside over there. These are techniques that I talk about all the time. I did a measured move by a measured vertical analysis by saying, look, when it made that high on the 14th of April in 34,082, made this kind of almost cup formation. It went a little higher to 34,257, but look how weak the technicals were. That says that it should pull back, but it doesn't say, oh my God, that's going to be the end of the world. It just says it's going to pull back. Well, to pull back, here's the two-inch period moving average. Made a Chapman with a red Roman candle and a low. Well, we know it was a low, but it looked like it was a low for this particular down phase. And then it ran up. Now it's more than three bars or three days in this case above that. So that's a good sign. But look at the MACDs week. The stochastics at 47% on balance volume is getting to almost the oversold level, but very weak. The nine-period is still under the 14-period moving average. Let me just have a look here in our bigger picture. Ooh, do I have it? Yes, I do. Right there. I want to look at it. Let's go to the Dow right here, INDU. So you can see that the nine-period moving average went pink from green. That's a negative. And it hasn't turned up yet. It is close to trying to turn up. So my contention has been, and if you look at the S&P, it did not hold the red or the pink for more than a day. And now it's made a little bounce off the nine- and 14-period moving average, which is still positive. So my contention is, at this particular point, that we've got a mix between buying pressure that comes in on every dip, but we also have selling pressure that comes in on every rip to the upside. More importantly, if you look at this rectangle formation in the Dow weekly chart between the 34,000, and I should have typed that in, 34,000. Is that seven-something? Yeah, 34,712 area, week of the 16th of December. And I'm not going to go to the low of 31,042. I'm going to go to this low right here that I've chosen as the rectangle low of 32,600, let's call it. I think we can stay here for a little bit. As we're building up momentum with so many people being very nervous about the market and building up huge cash positions. I mean, I don't know how many people I've spoken to. There's late people who aren't already interested in the market who introduced to me just within a short period of time the idea of, what's going on with these bank stocks? What's going on? What's with the Fed? What's with this shutdown that's going on? So that kind of nervousness when it goes to, my contention has always been when the news sinks to the level of the layman, it's done. You're pretty much the worst part of it is over. Now you might get some residual action, but once the layman's talking about it, the horse is way out the barn. So it's not the beginning of something, it is more getting close to the end of something. So as I look at that, I think looking out into the summer, the cash buildup, if we start to trade at any point in the Dow above 34,700 trade, I don't mean just pop through once and then give back half that gain. I mean trade there on the weekly basis. I think the money is just going to come in and come in and come in, but we have to get there. So within that context, what I'm looking at is the Dow, technically I should be short because the nine period is under the 14, but I'm still seeing some residual strength to say, hey, we can have a couple of pop-ups. So it's telling me, hey, it's just a mixed market. I don't see a short here that says, ooh, we're going straight down to 33,200 in the next few days. Maybe over the next week, we could see something like that. But at this particular point, you can see today is just a perfect example. CPI comes out and I'm marking just immediately, oh, let me show you this. So the market immediately spirals to the upside and what do we get? We get the Chapman Wave Eiffel Tower A failure pattern. I remember I like to use phantom peaks because in the E-mini it's trading in 25 cent increments. So if I see a little nick or a little turn in the on-bounds volume or the stochastic or something, and it's a parallel high, I will, to be able to get to a peak D quicker, I'd be a little aggressive and say, that's a red, a phantom peak C, and that is, and you had three, in fact, parallel highs, and that just says to me, hey, that makes that a D. And therefore, I saw that D coming along in the 10-minute chart, in the one-minute chart of the E-mini, SMB E-mini, look what happened. It spiraled, yeah, we spiraled, we got a peak A, peak B, C, it holds the left side low, suddenly pops to a D, and then continues high and it goes A, because it's underneath the previous one, so it's grey A, and then it goes E-B, F-C, parallel highs, all the way for about, oh man, for about 20 minutes or more. And then suddenly pops to a D as the 9 o'clock hour starts, pulls back, makes a cup formation, right shoulder failure pattern that dreaded H, pulls back, and where do we go? We go right to the 10-minute chart, I typed this into the den, Eiffel Tower A failure pattern, right at the 200-period moving average support in the 10-minute chart, and where were we? There it is. So now you can see, remember this dashed line, this goes back way over a week. I like to put it in once in a while, because I think it's a really important horizontal line. This is at 4148. Keep in mind today, 4148 is your full-crim level. If there is another move below the 4148 level in the E-mini, and it starts to trade under the 200-period moving average of 4139, I think the high for the day has been done, and we will just kind of meander, probably making slightly lower lows and low highs, but meantime, that's your magnet line. All right, got that out the way. Let's talk about what I'm thinking about for next week. So next week, the Dow, I think, is in a trading band. The S&P, when we look at that, has a really nice cup formation in the weekly chart. It's starting to stall. The daily chart had that narrowing, this narrowing triangle pattern, rising cone pattern. And what happens is we are trading in the inside track repellence zone. And that just says to me, gray peak A, gray leg B right now in the Chapman way, those of you who use Chapman way of methodology you know exactly what I'm talking about, because the stochastic hasn't given a really good buy signal. The magnet is not positive. It just says it is holding, but in fact, it is kind of weak, and it's just in a waiting mode. It actually looks exactly what's going on in the general market, in the consensus. Let's wait and see what happens. I think Friday is going to be another talk as if anything is going to get done. On Friday, there will be another refusal to compromise all around, and we'll see what happens there. So we can see a little choppy action going into Monday. I'll be back. 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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. 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. With live programming hosted by a variety of professional traders during market hours, the Tigers Day. 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. So, in the travel wave methodology, if I can get this right, yeah, I was asking questions during the break. So, in the travel wave, this H-pattern failure occurs at a peak A or B very often. It can't go to a C, but it's a peak A or B. And that's exactly what we've got to be careful of. You see this pattern that I'm looking at here with this doji candle peak G on the 1st of May, at 418692, has three sharp moves down, then reality's back, goes into the H-wave inside track. Now it's the repellent zone. And we've popped there a couple of times, hit the lines a couple of times, four sessions. So, this is the straight line down because we make things up by straight line, up or down, cup formation, arch formation. He has a mix of the straight line down and the potential for an arch, fading at a peak A or B, says if it takes out that left side low, be careful it can go a lot lower. Well, that's down to the 40, 40, 48-ish area. So, we're at 4129, that's way up. So, what I would say is that by Monday, if we're trading below 4090, 4085, on there's to be trading. Does that be a close? Just trading, there's a real good chance that it's going to try to test the 4050s. And that's the way I'm looking at it. But if there's a move at this point into the today's high is 4154. If we go to 4168, 4172 in the next two, three days, that is just saying that there's enough residual strength to try to get in the weekly chart. Let me get out of this in the weekly chart to make this cup formation more like a V-shaped formation but recorded a cup formation to just test the 4195 high to make either a peak C1, C2 or maybe a new leg D, just a penny above that 4195.55 area goes to D. I think that's going to fail. And that's the reason why I'm going to draw this in and we'll see when we're back live again in about a week or so, whether or not we've, what we've done. All right. And you remember talking about rectangle formations. Whoops. You remember the TLT? I spoke about this some time ago and I said, TLT, I was on the line with Mike from Boston, I believe it was. And I said, you know what? I'm looking at the TLT. This was what date was that? That was on the 13th of the week of the 13th. No, it was actually the 13th of April. Let's go to the 13th of April. This is the week of the 13th of April. Right. Yeah. There are. Right there. Right there. And I said, you know, Mike, I bet that you can, you can, we can speak again. And I had this rectangle set up and the rectangle says that by the 26th of May, end of May, we could be calling speaking again. And there's a good chance that the TLT is just stuck in this rectangle range. The midpoint right here is a 103. If I can get to 104.40, but we could be at 106, which it was at 106 right then. I said it could still be stuck in a rectangle formation and just going sideways. So yeah, we are at 103.75. Today's high was in fact 104.24. So, and now this is very important because in the dating chart, there's a rectangle formation that it's been in since March. And look at this twice now. We've gone underneath the low of the 19th of April. And we're just above it. Now the low was on the 1st of May and 1st of 284. So it's making lower lows and lower highs. And that's just saying yields could be going higher. But so far, I think they just stuck in a range. All right. So I wanted to get that out the way. Then I want you to go to the XLF to say the questions about XLF. I've got to see some kind of veracity, some kind of move to the upside in the financials. There we go. Fund. And I'm going to be, I'll give it, I'll excuse that. I'll go to the body of the candle. So there's your falling exformation. This is the resistance line at 3286. And yeah, we are 3212. Until I see that, I can't believe that a really strong rally is going to kick in. And that takes me to KRE. Questions come about KRE trading down 36 cents at 3706. I was asked about it in today, yesterday, and I said, the 37, maybe 3820s, maybe 40s, that would be the upside. I see just sort of bounce right now. And if it does that, you've got to, if you're in someone was in calls, I said, that's what you're looking for. And at this particular point, I think this is now quite shaky because if today's high of 30, oh 3820 was held by the end of the day, we could even have gone above the pink 3848 nine period exponential moving average. So a lot's going on. And because a lot's going on, I think that the upside is really limited to this particular point. I'm going to go to Brent in Martinez, California. Brent, how are you? I'm doing quite well, Basil. How are you? I'm good. Thank you. I'll be back in your neck of the woods in a couple of weeks. I've never been to Boston, but I'm going back to my sons, actually getting his master's from Harvard. So I'm going back there to watch him walk. Oh, that's right. Usually it rains on graduation day at home. Just to get your own breath. It's sunny and bright. Yeah, sunny, bright, and then all of a sudden, so you can get one of those transparent umbrellas, you can enjoy the sun and also sit in the rain. Anyway, congratulations. What subject? What's his interest? It's foreign relations. Oh, I would say that that's yet to stay. Very nice. I wish him the best of luck. That's fantastic. And enjoying Boston. Boston is a fantastic place. I'm looking at the weather in different places. England, they're having rain for weeks, and the next couple of weeks of rain. I always say that Boston, although you can get really cold, it's such a sunny place. Even in the middle of the winter, unless it's snowing, the sun always comes out. Most of the time it's sunny. And that to me is a big thing. I need the sun. But in terms of the arts and all the other things, it really is an exciting place. I mean, we're at the ballet just recently. They've improved so much. They're really top class now. At the Symphony the other day, it's called World Class Symphony. I don't have to talk about the sports. So yes, it's really a terrific place. And give me a yell. Maybe we can meet when you get to this area. Or maybe just one at a time because you'll be with family. But in the meantime, what would you like to look at? I think I'll have time, yeah. Oh, great. OK, well, let's look forward to that. You'd like to look at? I was going to ask you about IAPI, Intrepid Pod Action. I don't have a position. I just caught my interest. Because I think you'll like the chart on the weekly. It has, if you take that center point, I think it's April of 2022. And you can go to the left of the chart. I think it's right about the beginning of 2021. Count the months. I think it's around 14, 15 months. Now we're on the right-hand side. We're getting close to that. It looks like it's all going to match up pretty good with your plumb line and the little pattern. I used to have this completely notated. It's here in my file somewhere, but when the last time I had to shut down very suddenly, what happened was I lost some of my older charts. The newer charts were all there, but all the ones were kind of, they're there somewhere, but they didn't show up. So it just takes you a moment. In fact, we've got a break coming up. It's a perfect time for you to do this. Oh, you're absolutely right. It's actually a few, just a few months late to take out the left-side low, oh, May of 2021 at 2282. We'll be back in a moment with Brenton Martin who's looking at IPI in separate content. We'll be back in a minute. All our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try mastering probability 30 days risk-free today. TFNN Educating Investors. And now they are expanding their reach with the Tigers Den, available to all Tigers and Tigris' for just $1 for the year. 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Each host is an experienced trader and gives their take on the market while taking calls and questions live on the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight 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. Hi, folks! We're back. Baselchap and Dallas down on 50 and the SP is up 13. We're on the line with Brent and Martinez. California, we're looking at IPI and Brent noted a particular technique that I talk about a lot and that is looking at left-side lows to see whether or not in time there's a number of bars to the left side that match in sequence, like a mirror image, the number of bars to the right side to retest that low. Remember the arch formation? In this case, it's inverted V. So this is what I'm looking at. The low that was made, I'm looking at the weekly chart of Intrepid Partash Inc. And so the low that we're looking at, I don't know if this is the one that you're looking at, is the one that goes to the low of 22.82. I should type that in. 22.82. I think I said April the week or something, 22.82. I'm going to put in a date, just for the moment and I'll come back to it to check. That's 2021. Yeah, so you're looking at the low that was made. Oh, it was May, May the 14th. May the 14th, 514. So if you count the number of bars, which I'm not going to do, all the way to the high that was made, a year later at 121.72, that's 100 points. That's a fantastic gain. I remember that very well. There were others in the group. So it goes to 121.72, April of 2022, and then it comes down. So my plum line is that particular high. Let me draw that in here. Straight up, right there. That's my plum line. All right, got it. So now what I'm... Did I do that correctly? I don't know if I did. It looks to me like it's got a lean. It looks like the leaning tower of Pisa area. Okay. So that comes in right there. And so it takes you to, if I can get the little right there, it should take you to about April of 2023. That would be a year on the way up and a year on the way down. Now normally I like to draw an arch formation. This is definitely a V. So I'm going to draw it in as a V, like this. There goes the up line. There comes the down line. But I have to take it to where we are right now. Now this is my problem. Remember we looked at the dollar. This is a weekly chart. Let me just go to the dollar, DXY. And I showed you the same kind of inverted V from the 101.30 June of... the week of the 3rd of June 2022. And what does it go to? It goes to 100 on the right here in the beginning of the year. Balances are now doing a retest. So now let's go to IPI. And you'll see that what we've done is we've gone a little bit lower. So I always like to look at the left side to say what would be the low, 21.92. Well, today it's at 19.31. So it's gone even lower. So my problem here is because you're looking at a weekly chart, yeah, everything's looking as if there is a match. And if you look at the monthly chart, it's almost like an Eiffel Tower, the one that I just showed a little earlier on the E-mini, that went straight up. Well, not quite straight up, but it came straight down. So the momentum on the downside, I'm thinking crash, that if you say on a motorbike or something and you slide on this in the sand, you just keep going and going until either the gravity or the friction slows you down or you hit something. In this case, I don't see the friction kicking in in the monthly chart. And because of the red candle that we've got this month, this week, following up on last week's big red candle, I'd say I'd put it on my watch list and the way I would look at it is it's going to have to be a process. I don't see any V, I don't see any, there are no signs yet to say that there could be a V-shaped pattern that takes you above the gap low, the gap high of the fourth of May, which is at 2430. So if at the little side and doji that we had yesterday, it's just a clue to say that there is a chance that we are trying to form some kind of, some kind of a barrier on the downside, a support level that's going to hold. So have you done anything yet? No, no, Basil, I honestly, I guess I'm quite a little further to the left on the chart from my starting point to get to the midpoint. So we're looking at at least a couple of months or more before I do anything. All right, so then this is what I would say to you, because it's reached this first level of support and you can see it kind of hung around, it went all the way down to the 25, 25 low in March and then it rallied, made an arch formation and it's now made a lower low, that's my dreaded H pattern. So that just says you've got two monthly bars in which you need to close above 25, 25, which is great, now you can rally to the next resistance on the upside, but you're probably not going to make a new monthly, a weekly high. So okay, so you've done nothing yet, but I would do this, the way I'm looking at it, because it took that out, I'd have to go to the next level of support, but that takes me months, that takes me almost like two and a half months maybe. So I normally would bump up against the rifle, the Grand Canyon cliff left side and I'd say, okay, that's what I'm looking at, but that's going to take me out months. I think there's going to be a rally sooner than that. So you know what I would do? Use your daily chart, since you haven't done anything yet, but it's a great experiment in seeing how something that comes back two years later, often really skyrocketing to the upside, pulling back, can it find support? And this is what I would tell you that I would look at. If in the next two weeks, IPI as hell the 1830, I prefer it doesn't hit 18, but let's call it 18, let's call it 18. If it can hold 18 on a weekly basis and have a rally to 2380 to maybe 24, preferably take out the high that was made on that candle of the gap down 2430 level. If it can get to the 23s, that's where I'd start looking at it because the magnet of this left side low is so strong that it's now going to become a repellent zone for the shorter term. So it's a process and unless something happens in the whole area of Partash, these minerals, and all of a sudden there's a shortage of something like that, this thing needs to make a V-shape recovery really sharply and get to 2550 and it needs to do it in May. I don't see that yet, so I think you're right in holding off, but let's look at it again and maybe in about a week or two and see what it's done because this is in the area of the soft commodities that I look at, the mineral commodities, and when they move, they move quickly to the upside and you can see they move really quickly to the downside. So keep it on your list and give me a yell when you're going to be coming to the Boston area. Let's meet. Yeah, what I'll do, I'm going to send you an email with my cell phone and we can communicate before I come out. That'll be wonderful, good. And that'll be somewhere in the beginning of June? It's at the end of this month. Okay, great. All right, looking forward to it. So thank you for calling. We'll be watching IPI. Thank you for calling and have a great day. Thank you very much. All right, thank you so much, Basil. Take care and enjoy your time off. Thank you very much. So folks, just as we're about to get back, let me go to the E-mini because you remember I'm saying that this area right here, there's your generation, there's your single leg A to the upside and the 10-minute charm, that makes this low. On the two of you moving averages, E-mini of 41, 41, 0, 0, key support. I'll be back. Bold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. 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Hi folks, another question came about KRE which is the SP Regional Banking ETF now down 47 cents at 36.95. The action yesterday was okay but we went along a very small position and we took less than a 1% loss, a really tiny loss. But it was kind of an experiment that if it worked would have been really nice because it would have been good for the market. But it dipped a little deeper than I wanted. It kind of more than filled the gap from the 4th of May at 34.52. That was the low. And now it's looking more like it's going to have a tough time holding. So I'd be really careful if you are... The question was someone had the I think the 35 calls. You had a fabulous move up this morning. I hope you took something off because this lowercase h that goes to a lowercase m then breaks down and does it like a one to one to a keys area. In this case, the high of the 52.89, the high of the 10th of March. So that says if I do a measured move and that's the reason why I thought there was a chance I would have preferred a second a second slide to the downside. So that's the level that we're looking at here and you take it from the high there. Yeah, look, it did it all. It just missed doing a one to one to the downside. The propeller shaft move. So this is really important because if it takes out yesterday's low this is not going to be a charming price. Volume climax success. It'll be a failure because and I did say that I would prefer to have another gap down bar but it had a lot of the characteristics. So this is really important by today's Wednesday, by Thursday often in Friday this time by about noon Eastern time I would if you are long thinking wrong at all as a position rather than just a short-term position I want to see I'd be disappointed if it hadn't hit 38.90 and it's at 36.91 right now. So that's something to watch. Next question was Amazon this is what I'm talking about the diverse market. I had a question about Hi Basil, can you please explain what you see in the weekly chart of the QQQ. We'll do that right now. Look, yes Amazon. I had Amazon as a price time match a potential going to the high of 114 round number high that was made back in February plummets down to the 80s then he screams back but it starts to further chip inside wedge target repellent line and does go pretty close to 110 almost 111 three points away then it pulls back and now it's having a fulfillment you remember I'm talking about the momentum when you've got momentum and suddenly there's a slide when you stop how does it well it doesn't until it shows some kind of either resistance level or support level in this case it'd be a resistance level and now it has left side high of 111 today's high is 110.20 but the magnitude is good not great this is good it's very weak on balance is a tad overboard but so far that's helping the price the 9 is still over the 14 it never went negative at all and since in fact it crossed positive back on the 17th of March it's been positive so I suspect that this is starting is a lot it's telling us that within the context of different sectors Amazon still has enough momentum to the upside and it's in a pretty serious buy mode in the daily the weekly chart is in a buy signal I haven't been able to upgrade it maybe by the end of this week I can but it is a buy signal and it looks very much like it wants to get closer to the high that was made at 140 is that the one there it is yeah the 114 round number high but it also says it's tremendous support and it gapped up today I don't know what the reason is but it gapped up today you've got 107 support for the 200-period moving average you've got 101 in the area that made the low just recently 100 to 101 so I like this is what I'm talking about this is a very diverse market for instance where I had a screamer that I wanted to buy today that is stuck in the single digits it had all the characteristics I wanted but I needed to see a little bit of a dip I didn't have a split split position for subscribers if I have a split normally I would say I'd prepare to accept a little bit of a gap to the upside but I just in this particular market I felt I'd need to be a little quite careful I wanted to pull back it still could happen but it's already done this in fact I'll show the stock IOVA because now I don't think we'll get it because it's really extended very much so it was right there leg B oh I did the analysis I did everything just great look at this here's the even the 120-minute chart what is the biotech some of them have been just unbelievably on a tear I've got a whole slew of them this is the one I chose and I drew this in I said F-B in the 120-minute chart beautiful support held in the weekly chart IOVA is biotherapeutics integrates and nutritionals therapeutics and IT autoimmune diseases monthly chart oh this is what brand this is what you might be wanting to look at I did a left side right side price time-match IP is not unlike this to the load that was made in December of 2018 and 726 it screams up to the I can't believe it it screams up to the 50 wind up with that in into the 54-21 area on January of 2021 and look beautiful art formation beautiful time sequence yes my midpoint and what did it do it went right there it went to slightly lower lows it almost looks like the IPI but look what happened the MACD the histogram to improve let's just look at IPI for a moment IPI yeah you see you're not getting that improvement at all yet in IPI so intrepid and now let's just go back to IOVA and I normally would say in this day if I'm having a split position I'll prepare to a little bit buy a little bit of a gap to the upside that really was too much I mean yesterday's I was $7.40 $7.41 cents and today's low is $7.42 I guess I could have gone anyway now it's still in leg B and I did the left side right side price time match $7.62 is my target I wanted a little bit of a pullback and to get two positions one on the pullback and one a little bit deeper pullback but a very tight stop and then as it moves up just take a little bit off take a little more and raise the stop and then your screener becomes a position so that would have been great man well anyway so we missed it but look the stochastic it's got the chapwave squash I didn't I didn't say that in my news that I forgot about that I saw it and then forgot to put it in it also had a huge volume low but this is not a gap there's not a chapwave volume climax selling climax no this was just a really big volume on the turnaround and look at it from $5.28 today's high $7.42 so they're going to be lots of these stocks in the meantime for my subscribers now I'm back to putting these in play and I love them very much I still like this in leg B but now when you get in it's a different amount of different things together and not only that if you could beat the charge the resistance up again like yeah we hit it exactly look at this it's a long turn down down trend line oh what a beautiful stock at least for this company I'll be back down to $185 basically 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looking at that sometime next week even if the target has been this week to try to get you in the price time match to try to get you 334.42 that was high back in last year I think it was September let me just double check that's the case August the week of the 19 well it's worked so hard and it just hasn't got the momentum it's almost like the distribution here so I'm looking at this and I think that I wouldn't be surprised if next week at some point we test we can go a little higher but at some point there's a chance where we actually test the three we're at 322.83 we test between 320 and 318 we take out 318 and it could be a very soft week just waiting for something or other question came in do you think the Biden bombshell had anything to do with the market drop it's more important than a PE ratio I'm not sure what the bombshell is I'm looking at the chart and the chart just says to me I said this for a while now I see upside lot of resistance slightly like Bart Simpson's hairstyle maybe there's a punk rocker but a spiky move that keeps coming back down to the base and for me the base now is going to be the 3 318 will be key support for the QQQ so I think most of the work to the upside is done now there's a consolidation going on that's for the general market so the TLT tells me TLT says I make a mistake yes oh TLT says the short term the 101 level is key support it's at 1398 right now but I think it's in a trading range in this weekly chart so I think the market is just going to be digesting big gains over the next week or so I'll be back Monday week and I hope you have a