 FNN, Deadline News Update. Hi everyone, first day of May and we've got quite a sell-off started off last night, continuing yesterday actually and then continuing through the night and into this morning, we're kind of at the lows. We're down 585 points and we're down 23,760. One of the reasons why I was warning subscribers to my opening call my daily newsletter, Oh, this is Basil Chapman, this is the Tiger Financial News Network Noontime Update, sorry about that, just such a busy day here that I forgot about that. Yeah, so what we're looking at here is that within the context of the peaks and troughs that we look at in the Chapman Wave methodology, peak F is often where we see quite a sharp sell-off and this particular case, this looks to me like it's going to turn into a peak F if we remain either close to these lows or by Monday, we're starting to go a little bit lower than where we are right now, between 3,738 and more importantly, I also said that the MACD is still very strong, stochastic still good as an 80% has come down quite a bit on balance volumes turned down. So we were expecting for the last couple of days that we're getting to a topping motion and that there's a really good chance that we're going to at least take the first week of May to digest some of these spectacular gains. We spoke about the moving averages, look at this, the S&P, Sbx.x, there we are, S&P hits exactly the 200-period moving average, where was it lost there? It was lost there on the 5th of March, slumped right through it while the day before, next day used that and broke below it and hasn't been even close, it went all the way down to 2191.86, hits the high of 3 days ago, 3 days ago of 2954.86 and now we're at 2,826.96, this is a big pullback and we're testing right now the 14-period moving average, MACD is still good stochastic, good at 81% turning down on balance volume, turning down, so is relative strength, but technically the weekly charts are still, they got quite a bit of oomph left. QQQ, also peak F here, down 6.30 at 21, 212.60, also with peak F potential right here, we've got 212, 211 is the support, IWM, which had much bigger moves, is now having a bigger move to the downside at 1,259, and then we'll talk about gold, just as we're about to break, check out my opening call, my daddy newsletter, you'll see it on the front page of TFNN, and I hope you have a wonderful weekend, but I also hope you stay for my Tiger transitions hour coming up right as this program.