 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll free at 1-877-927-6648. Good morning everyone, Basil Chapman. Down to $43,000, $33,717 off that 700 point move on Friday. That was just a fantastic move. Just real quickly, I'd like to go to this. You know, I talk about, I have a whole bunch of webinars, but I'm always talking about the narrow rectangle. I wonder if I can find it. Yep, there it is. So let me just click on here and lift this up and then I can show you the narrow rectangle. Get rid of that. There it is. So I always talk about the large rectangle and the narrow rectangle. The narrow rectangle is the one that goes for a long period of time and it can stay in a trading band a lot longer than your patients. And at some point it might pop to a DEOF above peak. That's in the Chapman Methodology of Peak. DEOF above the upper horizontal trend line. And if it takes that out to the midpoint after that move when it comes down, there's a real good chance that it's going to test the lower trend line at the bottom. So let me see. So what I've done is I put in blue. Look at this long between, that was 310. That was on the second. So on the second, that was Sunday. That was Friday. How can that be? I might just let me check that out. 310, 6234. Yeah, that's right. So what we're looking at is we've been in this narrow trading band between 40 after such a spectacular move between 4297 say and 42, I think it was 4,280. Yeah, 4,280. For all that time, just stuck in this narrow trading range and then last night, you know, look at it rallied a little bit. Pullback rallied. It held the green and then returned pink for a second. 9-speed moving average over the 14. Now I'm watching this closely because in the 10-minute chart, when it goes above that and pulls back, that's very important. So if the S, the E-mini, this is the June E-mini trades for two 10-minute bars for low 4287, there's a real good chance that not only will it test the 4280 level, but it should slip under it and then try to get back into the rectangle and then doesn't make an arch formation like a dreaded H and take out and start moving down towards the 200-speed moving average of 4,270. That's kind of my scenario right now. Let's see what happens. We've got the... Oh, I didn't mean to do that. It's moving too quickly. I want you to get the 1-minute. Yes, that's like an Eiffel Tower, single-legged spike to the upside. I drew this in earlier, where the 1-minute chart ran the green 9-speed moving average, and then I put it on the left side, right side price time match, which said 4,287 was the target. It was at 87 or 88. 4,288, and it should be hit by 10.06. It actually hit it exactly at 9.58. Had that big single-legged spike to the upside, and now it's doing what I call... It looks like an uppercase A. I always call it Eiffel Tower, a failure pattern. We'll see if this is a failure pattern, because it should take out this left side low and go even lower, and then you start dealing with this. So this is on a very short-term basis, spectacular move, just kind of a digestive phase. I was really impressed with the fact that you've finally got to move in the financials, but now they have to hold. XLF, this is the financial S&P Select financial spider fund, had a big push to the upside. Leg C, but all within the containment of an H going to an M pattern. KRE, which is the regional banking ETF, had a fabulous spike up Leg C, but it's given back a huge chunk. It's at .84. We're going to be watching this one closely. The IAI, which is the broken dealer ETF. Big move up, but it's a Leg D. It's pulling back a little bit. And the whole thing is, if you look at the financial press, which I don't really recommend to do that other than to just get some knowledge, just kind of information generally, but not as your guide to the market. They two separate things. One is the press, meaning a press does with the press once and it very seldom has anything to do with the stock market. After all, if the market had dived on Friday like it did after the statement on the jobs and then stayed down and went even lower, what would have been the headline? Market falls because of jobs, fear of jobs increase. If it goes up like it did on Friday, what did they say? Oh, it's running because of the jobs increase. So they get it either way. They've got it right no matter what because whatever they say is history. It's kind of, you've got your headline. Now, where does it fit? It's not that the headline comes from whatever happened. So don't regard that as your end all and be all. But now look at this. The S&P is in a leg E. It could be a chapter with instant restart. That would imply that in fact we've got a move that goes E-A, F-B, G-C and then a D, a whole new buy. But I'm looking at this on balance volume is kind of, the reason why I didn't want to get too carried away on a buy on any buy signals today is that I needed to see what happened. We did have one buy and it's pulled back a little bit from our entry point. We'll see what happens there. In other cases, we've taken off our, some very short-term positions and I'm ready to do a lot of different things. But I need to see how the market reacts after that. It was really a three-in-one session. You know, sometimes I talk about a two-in-one session where the market has a move up to about noon and then noon it doubles again. This was really a three-in-one session. So one of those sessions, 250 points, should be given back. It doesn't have to. I'm just saying that's what you'd normally see with a huge Marabosa candle like we saw. That's a candle with no wicks, huge candle up or down. So in this case, I'm watching this closely because we just hit 42.96. We did go to 40, there was a high today, 42.96.58. We're traveling now, still up 59 cents on the S&P at 42.82, looking at the QQQ. It's a little more complex there. It's up 99 cents at 355.56. 353.93 is the target from way, way back. This is way back in April, April the 1st, the week of the 1st of April, 371.80. Oh, wait a minute. Oops, I just skipped a step. 353. Oh, that was the high. Sorry, that was the high of four days ago. Yeah, 371.83 was, if we can get back to that April high of 371, I mean less than 20 points away, that is remarkable action after everything that's happened and that really speaks to the internal strength of this market, which is kind of what it would be. One of the reasons why we've remained long since the October lows is this is a very, it's a very important right side phase in the cup formation on the S&P. Look at the steadiness that we're making, new highs and actually higher lows, higher highs and higher lows. I like that very much. Oh, this is a leg A, great leg A in the second or third training. Up two, but this is finally cross-cosm. It's down 50, S&P's down just a fraction. I'll be right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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If you're not following setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, Educating Investors. 6-6-4-8, internationally at 727-873-7618. Hi, folks. We're back. So, looking at this rectangle formation, yes, we did dip under. We haven't closed. We took two cars underneath the 4290 trend line that we're looking at. I'm going to get that exact number. Remember, 4148 was the one at the bottom and we broke above that. Yeah, 4290 is going to be the submit point that I'm picking for this week as resistance support, whatever it's going to be. That's the level to watch. And then if it takes it out in the downside, 4280 has to be key support that holds. They can pull back and then come back into the rectangle. And then if it travels below 4278, then that 4273, 10-minute 200-period exponential moving average becomes the key. And this is that Eiffel Tower straight up, straight down. It's not quite straight down. It's making low lows and low highs and especially low lows. I mean, all the way to 4285. So we're watching this. This could be another dreaded age pattern right here. This is just a normal, I mean, 700 points. You could be giving back 300 points in the Dow right now. You could be giving back 35 points on the hour or 27 points on the S&P and that would just be normal action. So so far, this is impressive to say buyers are still wanting to come in. This is also part of that end of the month, beginning of the month phenomenon that we see where fund managers do their buying and selling, but a lot of buying. All right. Watching this very closely, we're going to go back to our story here. QQQ extended. I'm quoting this at this for now. I'm just going to get an effort. Could be an alternate count because it did have a Chapman wave. All right. The instant restart right there with a gap. It's a little unusual, but that is an instant restart. So this could be F slash B, but so far, very good action. And if I follow it up and say the QQQ, I always relate it together with the estimators. They're putting back a little dreaded H there. This is the pattern that we talk about. We could come down sharply, try to rally in with just at a peak A or a B. It turns over within a couple of bars and takes out the left side low. Just watching that closely. I think that's going to be the case as the semis and Nvidia. Oh, that's right. I wanted to do Nvidia. I got asked about it on the weekend. So the question was you had spoken about your, it's not really a three bar rule that the late Dave White used to always talk about, but it has different connotations for the upside and different connotations for the downside when there's a huge gap to the upside. So my theory has always been that on the upside, if there's a huge gap, the gap bar in this case is the bar of right there, a gap bar of 25th of May that had a low of 366.35 and a high of 394.80, that's a big distance. And that's a gap that was tuttling at the 300 level the day before. I mean, it's just a huge gap. A good part of this will be filled in over the period of June. It doesn't have to fill the whole thing, but in some part of it, but my rule is that on the upside, if within two, it's preferably two, it could be three, but preferably two bars, there's a close above the gap high. In this case, the high that was 394.80 within two bars and it can out of two out of three bars, it holds above that. That is phenomenally strong because then it can go on for about another week and a half before it even gets back into the body of the candle that would be in the 380 area. But if it turns around and then starts to close, first of all, when it does that, it gaps to the upside and it stays on the upside and it takes out the high that was the gap bar high. That says that the body of the candle, and that's usually the low of the body. In this case, it would be the open, which is 385.23. That should become very strong support. Well, the low on the 31st of May was 378.22. It went under it and the next day it gapped up and it's been very strong since. That's got a whole cluster of five bars. The reason why I want to spend a little time on NVIDIA because it was the leader of the semis and whatever it does, the majority, not all, but the majority of the leading stocks in the semiconductor index will probably follow quite a bit. What you've got here is a pullback that says that now I have to go all the way into about seven to nine bars. This is bar six after the gap bar. That's with the gap bars, seven bars above the 300 level where it started that rocket ship to the upside. That just says that if this is going to become an H pattern, let me just draw it in right here. I drew it in a little bit wider because you're talking about bars going quickly. That says within a couple of days, if NVIDIA takes out the support of 378.22, and it might be a struggle to do that, but if it does take it out, there's a real good chance that it will very quickly test the low that was made of 366.35 on the 25th of May. The reason why I want to spend just a moment on that is that the semiconductors, there's your arch formation. I'm always looking at... There we go. Add three basic patterns. Straight up, straight down. Arch formation, combination of one and three and one and two. This is one and three. Come down sharp and you make an H fair to the peak A or a B. Take out the left side low and then it can go quite a bit lower. On the right is where it's very strong like there, going straight up, pulls back, and then makes how it deals with the left side higher, 134.31 on the SMHs. From in May, it just spiraled right through it and that's very bullish. So this is bearish and this is potentially bullish. And where are we right now? We've got this pattern right here. It's pulled back and it's a peak A. Today it could form a peak A. A gray A because it's not a by-mode or anything like that. How it deals with it is going to be important. Look at the other stocks that get advanced micro devices. It's quite interesting because look, it's spiraled up and it hasn't had that follow-through after the big move to the upside. So it's kind of, in fact today it's gone lower than the left side. So I'm just saying you've got to be careful here. Intel, which was the legged, is pulling back sharp after a big spike. So I'm just putting this into perspective and saying, fantastic move but we really did three days in one. You would normally find some kind of a give back day and I think it'll be Wednesday. That's going to be the real test of are we going much higher. Was this a tremendous breakout? After all, you had the X... XLI This is the S&P Select Industrial Spider Fund. We went to a Legged maybe a peak day but all within the rectangle I've still got this Jump Wave Stalk Deck Formation here. It's putting it in there. There's not 100% accurate but it's there. But the XLY, this is going to be fascinating. Thank you Kota for that email that sent me. I hadn't updated my S&P Select Consumer discretionary Spider Fund. Look, this is completely different to the Select Consumer Staples Spider which has been very poor. Made an arch formation and retested having a good session today and made a peak D in the weekly. So let's go to the XLY and say hey, if that's discretionary Spider that's really good action. Look how the weekly chart is just walking the 9 period moving average and today you've even got some follow through to the gap up Friday with another leg. Going to GCSE two days late for the Chapman Wave left side, right side price. Hi Matt made 150 back in February. So here it is at 157.91 so it's testing that left side high. This is a really important session because I think we're going to see with the rock we pull back and then we make higher highs this week. I'll be back in a moment. 2019 finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award winning newsletter Mastering Probability is delivered every trading day with updates throughout the afternoon. 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it went negative and that was around about the end of April around the 24th and then went back to green another gap that was a gap right there a little that was where was it yeah that was a gap not a gap from the high of the low but it was a gap from the closing price that took off back in March and then what we saw was the gap right here that at some point will be filled in 2023 but right now it's not going to be filled we're talking about the gap that was the low of the 25th of April 275.37 the very next the low and the high was 281.60 and the very next session on the 26th of April let's see the high was 2.99 the low was 2.92 big gap 2.92 so what we're looking at is it's still walking the 9 period moving average only a couple of once it tested the 14 period moving average with the Dow G account around about the 22nd of May BAM has gone up and today's high is just underneath the 332.337.50 high of Friday today's high is 337.37 just what 14 cents is something away from breaking out so this is really good action the magnest goods the castings flooded at 86 percent on balance volume was overboard now it's just getting it's good and the prices way over the 9 period moving average to the 9 is way over the 14 with 3329 support and 325 for each one I like it very much it's been when you consider what happened back in the dotcom dotcom bubble of 2000 after that Microsoft just got slammed it was a leader and then it just it reconfigured itself it's just an incredible thing the way they've managed and it's interesting because when I listen to Bill Gates I don't know if you're supposed to say this sort of thing but he's not anyway as coherent as I used to hear him I mean I'm talking about mentally deficient I mean coherent in the sense that he used to be quite articulate about what he used to say about Microsoft and now he's talking about so many other things that and I don't even know what his position is in Microsoft anymore but he was Microsoft and at this particular point it's kind of fuzzy so they've got leadership there that is just be absolutely commanding and taking over the whole cloud and operational systems and sub sub subscription area etc so I like this as a as a both the chart is saying as a business plan it seems to be working as a business plan 349.57 was the high in November of 2021 and it goes to 213 that's a huge what is it 50 maybe it's 60% decline 213 no it's not yeah about a 40 something percent decline and then what happens is it rallies back and it's almost at that all time high that is really impressive so I like it very much but the most important thing is what you really want to know I'm sure is where are support levels so the support levels if there is a major turnaround look I'm going to go to the to the bonds and the yields in a moment so that's something that you cannot ignore but if I'm looking at if I'm looking at Microsoft as support there are a lot of support levels the most important is the weekly 315 9 period moving average and the weekly 14 period moving average of 304 so that means yeah you could see a 10 and 9 to 11% correction in Microsoft this year if all of a sudden the market does turn down so far it's leading the way it looks fabulous I'm going to put it together with just for the moment with Apple look Apple is at an all-time high as we speak it hit 183.99 the previous high was 182.94 look at that beautiful cup formation and fabulous fabulous action in this case 173 to 169 9 and 14 period moving average support levels on the weekly chart on balance volumes getting both in daily and weekly again a little bit overboard and that's the reason why I'm saying how the market handles what happened yesterday or Friday because of that 3 in 1 session is going to be so important there's nothing that says oh my god crash yeah I don't see how we can there are people that are talking about Elliott Wave etc in other words the if you're using Elliott Wave you're looking at this as a potential one of the one of the bigger legs to the downside that can occur if it starts to unfold in the next I'm looking at time as well so it would have to be within the next three weeks it would have to be in June that's a different complexity all together I just don't see it I don't see how you can talk about crash type scenario when you're looking at Apple at an all-time high when you're looking at these key stocks that have come back so strongly yes you can say XLF horrible action not participating even today it's pulling back you can talk about the IAA which is the broker dealer ETF giving back a chunk of Friday's gain not great action you have those areas but if you're looking at the XLI which is the larger pure industrials it's holding the 9-period monthly 9-period moving average okay the 90s over the 14 that's good MACD is not great but it is making a W formation so the histogram in the monthly chart here on the right is improving the stochastic running is up at 75% so I don't see that unless and now we're going to go to the unless action let me just quickly finish gold did rally back from being down again this is this is the action that I've been talking about in gold that it isn't just plunging to that is making lower lows and lower highs but it hasn't got that plunge that gold can often do and in this particular instance because the financials that's the economy the banking sector is still such a query for everyone looking at the analysis of these these banks especially JP Morgan the big money center banks I've always said that gold a lot of the time over the years decades that I've been looking at them I'm from South Africa so I've been watching gold for a long time still have some good grants but at the same time when you're looking at the JP Morgan it's doing very well on the daily and the weekly the country chart is still saying it's lagging and you want to see these financials moving and that's the reason why I think that countries have been saying hey if the financial system is going to be under pressure here with everything that's going on gold is our medium and then silver just kind of either sometimes needs sometimes doesn't but in this case silver is saying there's still a big digestive phase going on in silver I'll just do a high grade copy because I do want to read into the the bonds just a tad it's at 3.74 and now as we're going to the break I'm going to put on the US 30 year T bond continuous contract and it's up for 30 seconds I'll be right back the gold 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 subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC found a TFNN over 20 years ago to help educate investors just like you Tom's Daily Market Newsletter Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors Biotech is booming but for how long whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Directions Daily S&P Biotech 3 times bull and bear ETFs Visit Direction Investments.com slash Biotech today an investor should consider the investment objectives risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact Direction Shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 4-side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ so the question came in about LULU that's LULU Lemon Inc. Apparel company had this huge earnings a beat and a tens a big gap up huge one day trading the 300 it wasn't NVIDIA in the 300 yeah a big move so this goes from the 330 level NVIDIA I think was 300 no let me just NVIDIA whoops NVIDIA yeah 300 and popped up to that 370 level so this is a little different in that it popped up and then it's failing so the question about just an analysis of LULU so LULU trading right now down 944 at 356 as I see it this had the chance because I don't know if any of you there are a lot of you out there that know my work quite well and you know that in the chapter of methodology there's a technique that I call the rogue wave what happens is you've got all the indicators suggesting being short is the right thing and then out of the blue just like what happened there were no indications from the MACD or the stochastic there's a new related up spike you find a lot in the biotech area there's a big spike and it takes out the previous high just longer this did not do that I'm just talking about the rogue wave and it takes it out and it takes it out in the holes above the previous high long enough for those people that were long and finally decided to get out to say oh no I knew I shouldn't have so I've had it for so long and I sold it I'm going to get back into a little bit and it holds it long enough for them to get back in a little bit and for those people that are sure and say oh it's over the last high and it's holding there I've got to cover I've got to cover and then the very next bar is this ugly red bar or that bar turns around that same hour and just flips around and closes at the low next day and the next thing you know you're traveling below where you were before in the cell mode this didn't do it but it had all the characteristics that doji candle high of the 5th of May of 389 06 I wonder if there's a round number anywhere around there no round numbers huh wow just missed a 397.99 open the very next day anyway so that just said to me that this had all the characteristics of that high that was made at 3 in the 389s on the 5th Friday's high was 386.33 missed it by maybe $3 right off the massive gap up but everything about it suggests that that was a rogue wave what this is there's another technique that I call the right shoulder failure that's like the dreaded age pattern where it rallies and then fails and then it collapses so I don't like this action at all not only that in the apparel area if you're looking at so many of these apparel stocks apparel let's see what it's the one just Ralph Lauren not quite the same sort of thing yeah Ralph look how poorly these stocks in the area have these name brands in the area have acted so I'd be really wary I would not if you're looking and I don't know whether you went shorter you're looking along you've had it but all I can say is that Lulu if it didn't do what it did Friday but held in the 370s instead of slumping to the mid 360s if it held it hit 360 something and then close it about 370 and today was maybe 368 I say hey it's holding really well after such a spectacular this is the exact opposite so I'd be really careful if you manage to get a gain in this stock I would just say take something off if it then rallies very strongly that's fantastic I take something off but if it closed under 353 the nine period expansion moving average sorry the 14 period moving average and it's still very negative with the pink under the 14 I would say I would get rid of a chunk of it you could always get back in if it starts to make higher highs and higher lows but be really careful now if you're short today's high of 360 363.64 was the high it opened just a little bit lower than that I would make 364 a stop and make it a trading stop on part of it like a 356 I'd have about a four point training stop on three four point training stop on part of the position if you have if you are short anywhere from above here above the canal high of today so that's the way I'd be looking at it pvh is that another question pvh pvh is in the that's right but the apparel area pvh is pvh core I used to have this all notated and there with a b c d e f made a peak f in the monthly chart made an arch formation held that very nicely now it's made a higher rally from that low kind of the midpoint of the entire range and then it's pulling back and it's capped down yeah I just be really careful now there's a couple of things on in the question came in what about the long rectangle formation where are we well look what happened oh wrong thing let me just go to Shopify right here that was the next question and then I'll go to the e-mini I'm not doing anything right now just already done with everything I was doing so that yeah so that was a potential arch formation but look out walk the nine period exponential moving average and it went I remember I said three bars three bars underneath the 42 90 level where it did two bars and third bar closed above it and now we've got a nice strong bar this is telling me that there is there are buyers out there and that the the devastation that it could I'm going to go to I'll do Shopify in a moment and then I'm going to do that catapult so look at this it's saying now instead of the arch formation we could in fact have the cup formation and where would that go to this is going to be the very strong resistance level go to that particular candle right there move it to the right and say make that green see once once it starts to roll over but it's holding the 200 period moving it sorry the nine period moving average is so strong you've got to be careful now it's a little bit vulnerable so I don't want to spend time on this one I want to go to was Shopify Shopify has now made low lows and mostly lower highs and it's got this pattern that I do like it's like it's almost like it's a falling ax formation but it's really more like a channel and it says at any point in the next two to four sessions if there is a spike that goes above by that was made on the 30th of May which is 61.49 that'll be very good action because then you look at the left side high on the left side of the 22nd of 64.05 but it's stuck in the range and making low lows and low highs if that green nine period moving average turns to pink because somehow or other it closes under 57.40 and right now it's at 58.60 I'm going to say to you be careful because it has made a peak a couple of weeks ago in the weekly chart and now it's at a fantastic move from the 23 level all the way more than a double to the 65s you can expect oh my we've got another statement coming out in the world it was it was a chapter and it was down 77 S&P is up 6 5 for K Block it will be right back we have exciting news Tigers this June Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies on June 8th Tim will delve into the S&P 500 teaching sentiment indicators market bottoms and divergence and so much 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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 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com I remember now what I wanted to show you look catapulted had a spectacular I mean I put it by shows outside low off late April early May but it is making this automation keeps coming back to lower lows but not yet taken out the that left side low and all of a sudden ugly ugly Tuesday Wednesday Thursday Wednesday ugly red candle and then Thursday kind of holds okay and then what this rocket ship up to the top and now it's pulling back a little bit down 372 at 222 so this is what I'm looking at how do we get out of this how do areas like Pave which is the ETF the global ETF development infrastructure ETF in a G slash a how does this and the weekly chart just going steadily peak A peak B peak C but still the MACD only just turning positive the stochastic is very weak what happens now that's the question and I think we saw such a big move on Friday that gave us hints that some things are working some things needed that spur to the market and we now need to just digest this how does it digest the days really important don't forget Tim Water does a special show on Thursday go to front pain back at least Steve's able to do the show today but if not I'll just do the news and we'll see you what happens next and otherwise great programming here TFNN see you on Tuesday check out my opening call David Newsnetter