 This is TFNN, the Tiger Financial News Network, TFNN, headline, News Update. Hi everyone, Basel Chapman here, the host of the Tiger Technicians Hour coming up straight after this TFNN Noon Eastern Time Update, does up 24, it was done quite sharply earlier on, it was down to 26,831 level, went underneath the 14 period moving air, remember that sort of been looking at in my show today, I'm going to talk a lot about these two moving averages and why I think it's a process, it isn't just a one-shot and done, unless there was at least a 380 to 420 point decline and we haven't had that yet, excuse me, and we've got the dials, it's up 23, the S&P at this particular point is also up, it is up 1.61, is trading, actually is using for the third day in a row, it's using the 14 period moving averages as a support level, you can see the magnies turned down, it hasn't crossed negative, stochastic is still good at 84% but turning down, so we'll see because any time that the S&P cash index starts at 29.83 right now starts to trade, I mean trade in other words for 3 to 4 hours, actually trades under the 29.72 level, no I'm going to make it lower than that, 29.68 level, that would say okay, now we're in for a deeper correction, but in the meantime it's just a sideways movement and the QQQ, the NDX 100 is down 20 cents at 190.60, it's got a number of stocks, especially some of the fang stocks that are really having some trouble right here, so it's key support level will be at the 189.60-ish area and resistance is up at 191.50 and we're also looking at the IWM, which at this particular point is up 10 cents at 155.53, holding on desperately, holding on to the 14 period moving average, the black line right there at 154.57, trading at 155.53, needs to get really above the candle high of Friday, which would be at 156.65, hey, let's go to gold, gold at a very nice overnight move, let's continue that, it's up 15 at 15.30, it's breaking from that narrow little strip that I call the trading band, it's going to an upper level now, they're going right back to the 1546, this is actually a very good action for gold, but if by Wednesday afternoon Thursday morning, gold is trading under 1500, it'll say that's just a bounce, but if it goes over 15.53, that's very good action, just as we're about to wrap up, dollars acted quite nicely, yeah, it's just holding the steady sideways move, I'll talk more about it with bonds and crude oil, when we get back, have a great day, otherwise I hope you stay for the show, Tiger Technicians Island.