 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 internationally at 727-445-1044. Now, Basil Chapman. Hi everyone, Basil Chapman Tiger Technician Hour on the 4th of April. My pleasure to be here Monday through Friday. And thank you so much for those who were able to attend my live presentation last night, my webinar for subscribers. I would suggest if you're even thinking of becoming a subscriber to my opening call, this is really a good time. We've started to implement what I'm looking at in terms of the big picture. What I'm anticipating for 2019, maybe even 2020, trying to get into certain positions. Maybe this is a bit early, but I think this is a great time, a great opportunity. I kind of covered in 90 minutes to the minute I covered every single thing that I wanted to also with questions, whatever it was. I really feel very comfortable with the webinar in terms of what I wanted to achieve and what I felt I did achieve. I think that this is a webinar that you can use for quite a period of months, in fact, because it has a bigger picture. And you'll know which levels to look at for an essential break to the upside or a breakdown. I liked it very much. I hope the feedback so far has been positive. I hope that any questions just send them along to me. So the dollar, I had a question about the dollar. Look, I showed this the other day as a potential type of head and shoulders pattern. Not the perfect one, but this is more close to a head and shoulders pattern. When you've got a left side high in the dollar of $97.37 back in February, pulls back to $95 to near the 200 period moving average, which rallies to a higher high to $97.71. And that was in March, pulls back towards the end of March to $95.74, a little under the previous low. And that essentially right on the 200 period moving average, the orange line, it makes a cup formation and then starts to move up again. And it stalls where? It stalls right here at $97.52. That little $0.19 off that high. So this is saying at this point you can say maybe this is going to be a head and shoulders because it's got the left side shoulder. The middle is the head. And here's the right shoulder, the S at peak C, it's gray C because it's not above that peak G. I'm looking at this and I'm saying, you know what? There's a chance with the bank is still strong and the stochastic holding steady 87%. There's a chance that we could push above $97.50 and then $52 and then go to $97.71 a retest. But if it goes to $97.72, look what happens in the Chapman Wave methodology. And today's the birthday, happy birthday. Two years is the dollar we've been in it for a year. Subscribers to my opening call know this very well. From $90.07, we've got written it all the way to $97.71. It took a little time, a little bit off because I really like it. I'm thinking that the dollar is representing at this particular moment and moment meaning up until now. America as the strongest economy, just as the yen before back in the 80s was doing so well when Japan was selling as much as they could to America and to the rest of the world, we were paying. It's just an ironic thing. I never mentioned this in the webinar last night. It was on my mind that it just went right off my mind. I'll mention it now. I've done this before, but it's funny that when things become more expensive, people want more of it. Yeah, we like discounts and everything. But when something becomes kind of exclusive, people want more and more of it. So I'm watching the dollar and I think as the dollar is, as our economy continues to strengthen, we don't know, maybe we're going to a big tussle with Japan. But at this particular point, it's saying that money from around the world, we prefer to go into the dollar than to the other currencies. That's all. And so far, that's good. I can tell. So the question was, where was the question? Please discuss the possibility if we blast through $98 on the dollar index. Well, this is, let me show you. I'll expand this. See these cup formations I discussed that last night, the cup formation or the arch formation. In this case, the cup formation. And this cup formation says that if there is this kind of cup and a handle breakout, that would be very positive, but it would be leg D. And we suggest that at some point we're going to come back and test the 9750s. And then we'll see if we break up decisively. However, the monthly chart, I call this a cup and a handle. It's really not a cup and a handle. You have to go all the way to the top to 103.82 on January of 2017 to really get that as a cup. So this is my interpretation of a different form of a cup and a handle, not my favorite pattern. But what I can tell you is that if the dollar starts to trade in the 98th, first of all, if it goes to 97.72, it's a weekly leg D and a monthly leg C. That would be very positive because the MACD is strong in the monthly chart and the stochastics at 86%. It's even stronger than the weekly. But this is what I already wanted to show you based on the Chapman Wave methodology. And for those of you who do sign up for my service to get my daily newsletter, we've got positions. I give you the parameters. I'll tell you what we're looking at, why we're looking at it, where the stops are, etc. Every day we're looking at these and I give you chart formations to show. We got two new positions yesterday and I don't want to talk out of the term. Let me just see if it's worth talking about. And both of them are doing very nicely today from yesterday. So what I am looking at here is that you see this cup and you see this little mini cup right here. That's not the issue. The issue is that I'm going to expand this even more. Big, big, big, big. Move it over to the right. You see the stochastic is that it's still negative. So the stochastic is 70% is negative because it's under 80%. But it has crossed positive in terms of the chart formation. But I don't like 70%. I want 80% or higher. So the weekly chart is lagging somewhat. You see this MACD, the Moving Average Convergence, divergence right there, 0.006. It is the histogram, the vertical lines. You see these vertical lines right here? We are just about maybe by tomorrow, if there's a little bit of a rally tomorrow, we finally get the MACD to cross positive. If that MACD crosses positive, and then the following week, we create a wide beta. I shouldn't say that. Speaking today right about this, I'm not sure what to call it. A nice, easy term if it expands so that if the expansion of the green line, the faster moving average, the nine period differential of the MACD, crosses positively over the slow moving average, the 26 period moving average. Not only would that be a positive, but that would project that we've now got the chance that the MACD will continue higher, thus pushing and pressurizing and rocket shipping the dollar so that if it starts to go to the 98th, I don't think it's just going to stop at 98. I think at that point it's in takeoff mode because it's been so long since it's broke above the candle high of June of 2017, 97.87. So if it goes to the 98th, it's into, look at these red candles. And if it tackles each red candle, it takes a little time before it doesn't. I love that. That's fine. I like stating this, but that won't happen. So the support that has to hold over the next for April, the whole of April in this monthly chart, there's 90 new hitters, black line, there's 43 moving average, 95.69. All of April, it has to hold that. I'll be right back, browser chat, we'll talk to you in a minute. This is our chart, it's up a hundred and thirty. This will be down one. I'll be back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi folks, we're back. So I've got a couple of questions coming. Actually, let's just deal with those questions. Is TABY, that's telephone, AT&T communications, up 11 cents of 3198. There must have been some news I see down the dials down of 81. That's because Boeing is still very strong, but the S&P is down five. So as I said to subscribers and as I said in the webinar, we are right at resistance. As we speaking last night, I'd say there could be a little more. I see a little more to the upside. I had a question about the TVIX. The TVIX yesterday was, let me just do that because it's really market-wise. It's a little more important than telephone right now. Yeah, that was trading at the TVIX was in the 24s, maybe low 25s yesterday. Had a question about it at this particular time, whether it was a perfect time to get in. And I said, I just see enough strength to say, kind of no right now, but by tomorrow, I've got leg D, maybe leg E in the dial. I've got the same sort of thing in the other indices. So this could be matching what normally in the Chapman Wake methodology for subscribers, they know that when we get to a D or an E in the dial, I'm already looking to, for short-term traders, I'm already looking to have a short position in. I held off this time. I still think that there's some residual strength here. And I'll explain why in a moment, but let me just go to this and just checking the other questions here so that I can line everything up so we can go to the stocks at the same time. Yes, there's a note to say that my webinar is now available to those subscribers and anyone wanting to subscribe. I really think that if you're looking at markets and you're saying to yourself, I'm not sure exactly what's going on around here. What are the possibilities? I'm just saying to you, I think that there's a good chance that this is a great time to get in the newsletter because of the different positions we've got sort of under the radar, in the radar, over the radar stocks and indexes. And that's kind of what I'm looking at going into the summer period. So the VIX index is turning at 2568 right now. You know, news stories and that sort of thing, I believe that we are once again, like we had earlier on in the last quarter, we're getting to a newsy cycle where things can go wrong. I'm not sure what Trump can do with the border if somebody has to do something, you can't have open borders. No country can have that. You can't afford to do it. If there's a humanitarian crisis, you have to treat it as a humanitarian crisis. You've got to know what the humanitarian crisis is. Absolutely. I'm treating this, I'm talking about it because it relates to the VIX, it relates to the market, it relates to the economy, it relates to the fact that if the border shuts down, you're going to have disruption certainly in the automobile industry. Anything that comes across the border besides people, you're going to have a problem because you're going to shut that down and that's trade and that's going to be a big issue. You've got Brexit. I'm not sure that May is handling this correctly. I don't think she has, she hasn't shown yet the negotiating skills to at least ameliorate some of the problems so that you can get some people on your side that you didn't have before. She needs to do that. There are things out there, the whole tariffs, China, the last 10% for China, that could be a real sticking point but in between you could get some great things. A lot of things can go right and a lot of things can go wrong so we're at the right of the crossroads, just to be a little careful and we're still having a nice cash position for subscribers ready to put it to work. So TVIX, let me say this again, I see enough residual strength. Look at the way Boeing is helping the Dow and you've got that right across the board. I'm a little concerned that you perhaps could be double topping in XLK which is the Tech Spider S&P fund. They've made a high yesterday, two cents off, one cent off the previous high of October, obviously of October at 78.27. V-shaped pattern, we know these V-shaped patterns. I call them the Groucho Marks eyebrows. Nobody even knows the Groucho Marks anymore. I don't particularly like the Marks brothers. So the V-shaped pattern is really important right here. So within that context, what I'm going to do is I'm just going to say, watching this closely because the technicals in the XLK are still pretty good and the weekly technicals are absolutely superb and it's only in Leg B it is going higher in 2019. So any pullback from 7532 right now, says that you've got tremendous support in the 74 to 73 area shorter term and then 71 to 70 looking out say six weeks or two months. All right, now let's get back to, so I did that, did that. So the VIX index. I still think the VIX index as a pure play other than just a quick grab and take your profits. I just, boy, I could be so wrong. Yeah, I am in the doubt. Let me just do this quickly so you know what I'm talking about. Look, now Leg E and the Chapel Wave DE, that's where we start to look for potential short position. But the MACDs cross positives, castings at 91%. I just, man, I could be so wrong. All right, S&P, SBX. Look at this, the daily chart. S&P, Leg D, Doji, Chapel Wave, Sidon, Doji the day before yesterday. Yesterday at Doji candle at recovery high in the 2888 area. And now you're 2871. I'm looking at this, what did I say 2888? No, it must have been 2885.25. Sorry, 282. 2885.25. All right, and let's make this great because we don't know what this is. I just wanted there as a number I could read. Look at the MACD, strong Leg C up in the weekly chart. Monthly chart is improving. It's not yet technically good, but it's improving. Look at the QQQ, 183.10 down 16 cents. Everything was perfect to call this a Doji candle top with a gap up top. If it was a Friday, I would have called it a gap up top. But it was a gap up at Leg G slash C. MACDs good, stochastics good at 85%. But the weekly chart is really strong. 92% in the stochastic MACD is really expanded. To get this MACD to cross negative, you would have to close under. You'd have to get close to the 173.14 period moving average. 175 is the nine period moving average. I drew this cup formation in a couple of days ago and I still think that that is working. I see some residual strength. IWM, so IWM now is down to 5.05. Yeah, you see MACD cross positive is not that strong. Stochastic still under 80%, 75%. Still one of the weaker indices. And it did make a peak B in the weekly, but it's failing here a little bit. So yeah, at 155.10 down 05. It needs a Leg D. I think we could try to work its way into a Leg D. I'm just watching it closely. So now I can go back to the TVIX and I'm going to say as quick trades, like yesterday would have been fantastic when the email came in. That was just perfect. I have to congratulate you. Good eye, good feel for it. It was a perfect time. And if you just grabbed it and you took profits, yes, but look, this morning you would have said, oh my God, especially overnight when the VIX was starting to decline a little bit. So I just be careful here and use it as quick trades. I got a feeling Monday or Tuesday or Wednesday, that's the week that we got to watch out for at least some kind of a breather or pullback. Got a feeling there's just enough strength here for another couple of days a day or two to just make it a test of strength rather than anything else. IYT, I mentioned that earlier. The upper suit is good. It's holding beautifully 191.83. Hit 193.40, I'll be back. Since 1984, Bazel Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Bazel found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. 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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 Just to go through a couple of questions here, S&P was 2885. The E-mini was 2889.25. There's that deed. Look at this Chapman Wave inside track repellent zone it got into and it's being pulled back. Look at the 120-minute chart made at peak D-top arching over. It's got this rectangle formation. I drew this in for subscribers and in the den I showed it. What would happen? And I mentioned, I can't remember exactly what I mentioned earlier on. I said where it is. The ESM 19 at 2877 that was earlier today is in leg D daily with improving technicals and 289-1's resistance and 2869's support. What was the low so far today? The low is 2871. There it is. New leg C weekly with strong technicals that makes the 120-minute resistance at 2882 and 2872's important. That's on the short term. Borders to monitor with weak technicals. There's some China news later today pushes over 2890. That all goes well for the close not running over 2889.25 today form as a peak D making Friday important CUR at noon. That's what I said. So this is very important look at bank D and stochastic in the 120-minute all week, but it is holding below the low that was made at 2870 or 2869 much earlier yesterday last night at 10 o'clock sometime last night. So this is going to be very important because there's that pattern. Normally I'd be jumping on it. We would have started a short position. I just say to myself, I don't know what Boeing's going to do. I don't want to be short. All of a sudden there's some news with China. Just at least today it seemed to me there was enough residual strength. I still feel that way, but that's just a shorter term. By tomorrow I might say, you know what, I'm looking at everything and now we're ready for some kind of a pullback short term. We'll deal with that later on. Just wanted to go through that. Now I want to go back to T which is telephone. When I was looking at different type stocks, my thinking here with stocks like an ATT, like a Verizon, like even a Comcast is that this whole telecommunications situation there is so much competition coming in here for each one. I know I've already cut back on one of my one of my phone services. I just there's too much going on. All I can say is that this is a G snatch C in the daily with very good, I didn't think that it could rally this well, but if you go back to where it was up in the 44s and it goes down to the 27s and now it's a 32 the question is, would I be long, would I be buying or selling right now? Would I buy sell or stay away? All I can say is that it's acting way better than I thought. It's still acting terribly when you look at the monthly chart. AT&T I think has a lot of baggage coming in way. The magnies good, the casting good. I don't want to buy a dividend stock at 32 when it can actually pull back 10% quite easily to the 27s to retest the low and then I'm using I got the dividend for 3.4% on what it is maybe 3 something percent and then I'm giving away taxes and I'm giving away capital gains. I would just let me just make a choice out of Verizon or Telephone. Verizon is a way better chart. They seem to be doing a lot more correctly than AT&T. Yeah, laggards can rarely rally and then have give you a very good gain, but I'm looking at risk rather than reward I don't feel comfortable with these telecommunication companies but if I was to choose, I'd probably say to you my thinking is Verizon at 58 I would look at it as a potential buy intermediate term buy between here at 58.90 let's say between the 59s and the 57s I'd be prepared to start a position but within the moment I buy it I've got 3 weeks and I want to see at least a 1-point profit and then I want to be able to put a stop in. That's the way I would deal with it it looks like it wants to go to a D in the monthly chart out of the 2 I would say that that's a much better one. Now the IYZ has been a spectacular on a percentage basis going from the 25s to the 30 it's been a fantastic move up in the weekly chart going to above the left side high of importance the IYZ is the ICSUS telecommunications ETF to tell you the truth if the IYZ gives you dividends I'm not sure if the ETF if they give you dividends I would rather be in this whole conglomerate of the IYZ than just a specific stock I just feel that within the next few months something's going to come along that's just going to Google I think it's going to be Google something that just knocks the telecommunications industry on its head maybe it's Amazon I don't know but something's going to happen it just seems to me they're waiting for it it's a stodgy service when you think about the telecommunications area it's something we desperately need and when you go to other countries their telecommunications seem to be so superior so I just think that this is not the greatest area so if you're in it the IYZ trading at 30 I'd say if you're in it already some people are in it I would do a little adding in the 29 low 29s but that position would have a stop under the low of the week of the 15 2849 so somewhere in the 2850s I'd have to put maybe under 2820 I'd put in the stock that's the way I'd be looking at it I hope that answers your question so IGV what was IGV iShares expanded tech software oh I remember seeing this but I've never done any work on this this broke to a new all-time high the high that was made back at 206.66 in September and now it's down to 160 and now it's at 208 wow what's the question could IGV be forming more than a short-term top Z1 so I've got AB and that's a C I hate when you get your C's with a D everything about it says top except for it's not a D here we go there's a break coming up let's do some work on IGV which is the iShares expanded tech software whoo what a candle today down 6 down 2.91% now that weekly chart is still very strong oh I know exactly what I want to do I'll do that in a moment I've covered a chunk of things but I also want to just show you we'll come back to this after the break cell mode in the daily TLT at 126.69 that doesn't mean you couldn't have a big running go to new highs it just says technic in the chapel wave 90% 60% it's way under the 14 period moving average weekly chart made a peak D and I suspect that it's going to test this is going to be important I need to talk about this money has come out of bonds over the last week and gone into stocks does that reverse I'll do that you'll put the whole picture together in a moment pack as well okay we need to do some work here I'll be right back if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years 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extension failures and they keep coming back but they keep holding support and they go to slightly higher highs but this little tiny dodgy candle of yesterday with a big red bar suggests that the magnies turning down not very strong at all wasn't confirming at all from the high that was made back at on the 4th of March at 209.80 ever since then the magnies to cast is just plummeted they've been very weak so this says to me there's a really good chance on a short I wouldn't even say it's a possible intermediate term meaning that it could last a couple of weeks there's a chance and that is what the V-shaped pattern in the XLK will say there's a chance that there could be a pullback here with a couple of rallies that don't take out 215.98 that this is a top and you'll know that if there's a close underneath a lot of the 27th of 204.37 close under 204 there's just a really good chance that you're going to go down and the big test will come at 198.32 so the question is is this more than just a short term top and I'm going to say to you that based on the MACD and the stochastic in the weekly chart no I can only call it at the moment this is the first day of the pullback it's the deepest one we've had on a so far there was one deeper in actual that first of March I think it was a big down day but this so far with the low it's at the low of the day so far this says to me that rotation I called it last side compartmentalization that's what we're going through right now I think we're about to have a high level consolidation what that means is that there are certain sectors that are overbought that are going to probably be pulling back and we might see the IY was that the T no the IY what the heck was that Z we might find the telecommunications is an area that just might hold up a little bit better but we might also find that because of the whole rotational thing of the IY T the transports actually holds up even better that they are so badly beaten certainly the airlines that this is an area that starts to move we've also got look at the grains I'm answering your question here but look at the grains wheat nice move up today it's pulling back a little bit from the high it's down a quarter point but it did try to rally and it did test the high that was made on the was the continuous contract 478 was the hundred twenty six and today is 477 and a half is the high so but look the magnies because the casting started to improve it's not great the weekly chart is improving look at soy, soy is up huge look at that up six and three quarters at nine or five and a half look at corn corn is not bad it's not great this is a horrible candle over here five days ago how it's going to get above that it's going to be important so I'm saying there are pockets of information that have been given to us that says there's strength in some areas in this compartmentalization that's going to be very important that's why the XLK I think it's making some kind of a top here in the shorter term that monthly chart leg I have to call it leg B that's not a G that's a B at 76.26 it's a blue B not great because it's not under the 76.27 high it didn't make a new recovery high but look at the magnies strong the castings are 92% yes the monthly chart technicals are not confirming the fact that it got within two cents of making in your all time high this is good action this is that the key support here could be 75-12 right now 74 and it could even dip down and retest the low of 73-20 234 the week of the 27th and then you've got yourself a consolidation sideways consolidation but this is still very good action so to answer your questions to go back to the IGV I think short term within Thursday by Tuesday off new Wednesday morning if there is no new recovery high oh no I'm sorry new all time high made all time high yesterday deserves a bit of a breather I'm going to go above 250-98 I'm going to be more clear if there is a trade at 217.10 in the next week and a half it's broken out to the upside just make it as simple as that on the downside I don't think at this particular point I can rule out the fact that this low of the 27th at 204.37 won't be tackled very quickly maybe even by by Monday we could be there and that would say this is the rectangle that we're looking at take out this rectangle and we'll be looking at a good few weeks of consolidation in the weekly chart this is only leg B right oops leg C oh very quick peak A peak B leg C you've got to expect some kind of a pullback you know the chapter methodology quickly from an A to a B to a C then you expect that you maybe get to a D but whatever it is get ready for a little bit of a pullback that's where you get the sarcastic oh this is fantastic this is the chapter way squash formation in the sarcastic and weekly in the weekly chart in the sarcastic in the mag D and that takes you very quickly to see look at this very quickly to see once you reach A so we've got A rest B rest and your leg C right now and that's very key because it's saying you might have to wait a little bit before you can get to a D oh there you are got it next thing I want you to do I had questions about gold you know gold this is very important it's come back out very nicely from the lower from earlier on it was down six or seven it hit a low of 1284.9 is at 1293 oh nine points of the low that's very good action on the 200 period moving average made the chart formation from a chapter we've peaked D remember that's what you look for big arch formation comes back down weekly chart did make a leg B to the downside the magnitude just crossed negative sarcastic is negative I think gold is going to struggle a little longer and let me just go to birthday birthday birthday instrument dollar Basil's dollar birthday one year anniversary today April the 4th 2018 went long for subscribers at 90.07 in the UUP that's the trading vehicle the dollar bull fund and here we are at 9731 trying to tackle the 9771 double top cannot break out that's going to be very important we've got the top from December and then it pulls back to 9502 go right back there in April to 97 April it must have been March 9771 yeah that was March and March the 4th not March the 6th not the April the 6th this is April so let me just change that before I make another mistake that's a three oh I didn't mean that that's a three right there good okay and there's that stock leg I was looking for that formation all right so now what's really important about this is that if dollar is representing the strong United States economy before the border gets shut down the dollar could very well try for the 9780s and then we'll see what happens because so far this is very good action I'll be back with a couple of euro as we go out EUR, USD, look at the euro euro is all euro is not doing all that well I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes, author of Mastery Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do Sign up for Mastery Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too Sign up today if you haven't checked out the newsletters page of 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made this inverted V it's called the Eiffel Tower and Chapman wave methodology it's like an uppercase A I always draw this in just to give it a live demonstration so let's just do that we're going to go to something like 36 and we're going to go to red that's what it looks like boom, right there straight up straight down Eiffel Tower we call it and it hasn't broken the 1.117 blow of the 7th of March so far weekly chart just the McDean stochastic it's got a turn here and it's struggling and the monthly chart doesn't look good it looks like within about six to weeks to about two months you could start to see some turn that would say the dollar would be pulling back I don't know USDJPY this is the yen look at this a very strong leg A broken out from resistance it's looking much better it looks like it wants to tackle leg D finally in the weekly chart and that'll be above 112.138 in the dollar yen currency dollar currency pair and it's 111.54 now real quickly before we wrap up this is what I'm looking at the Dow trading at 26,000 feet 21 600 points away from an all time high I think it can do it doesn't do it in this phase or is it going to be a pullback first that's going to be the big question goes right here is normally where I would say hey expect a pullback let's go short but the MACD is just turned up this is not coming from up there in the daily chart you see up there where the MACD is high in the stochastic in the 95% area the stochastic and running out of time on balance volume reverses sharply this is where the technical is holding pretty darn well now maybe Boeing is helping it a couple of others I don't know didn't do crude oil yes I did crude oil is in a leg B in the weekly chart a leg D good MACD strong stochastic with these two little doji candles here I think it will be coming back to test the 60.50 to 50.60 area support but not yet but it's getting close to some kind of topiness watch it closely have a great day you've got Steve Rhodes coming up you've got Dave Reich and Tom O'Brien check out my opening call the webinar from last night for subscribers it's now online you get it go to the front page of TF and I think it's worth looking at I'm really proud of what I spent Larry Pezzavento has just started his brand new service Fibonacci 24.7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out charts or videos or both the key markets that he is watching during the day this will be up to the date active trading information that will help you in your daily trading in Larry's first week alone he sent out 25 charts six videos and a full report to his subscribers in just one week if you're a technical trader that uses patterns and retracements to trade then Larry service 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