 This is TFNN the Tiger financial news network Good morning everyone Basel Chapman here on the 19th of October Thursday We're looking at the Dow up 12 at thirty three thousand six seventy very important this You see the arching over the pattern that I call the H pattern We're going to see what happens going into the closed tomorrow because this is a very important session Had a very strong move to the downside to make this peak be in the daily chart of the of the S of the Dow The S&P slightly different at a fractional high Going from that peak a to slightly higher peak B and then a slightly higher peak C and We're pulling back usually when you make a very quick a to be to see And just normally high you've got to be careful because there's a bit of a pullback And that's exactly what we're looking at here and the weekly chart for the Dow and the S&P have gone S where the nine-period moving average has gone negative We have to wait for Friday tomorrow's closed to see if that's confirmed and looking at the QQQ Down oh, it's up now 90 cents at three sixty four point thirty four At a week yesterday, but that nine-period moving average here in the middle chart the weekly charts are holding well IWM is very different being very negative for quite some time negative a day going today down 88 cents at 170 last go to gold gold is trading Down just almost three at 1965 holding really well above the 200 period exponential moving average Let's see what the dollar is doing the dollar was down a little bit. Yep. It's down 21 ticks. I want a six point thirty Thirty six this could be an arch formation. We're watching it I'll talk about this up channel support level when we get back for the Tiger technicians hour while looking at bonds Bonds are down 12 30 seconds at 108 point 20 and 29 30 seconds many new Unrecovery low in other words another yearly low not good at all I'll be talking about this because I think bonds are getting really close to a decent bounce and let's go to crude oil Crude oil is trading Down 72 cents at 86 point 54 We're coming up for my show the tiger technicians out check out my opening call dating news letter This is going to be a very interesting session between today and tomorrow A lot of things have to happen to change the trajectory. I'll be back. Stay tuned for the tiger technicians out