 This is TFNN the Tiger financial news network Good morning everyone Basel Chapman here on this Tuesday The 20th of June. We're looking at the Dow down 197 points and 34,100 one of the reasons why I was just a little cautious in going short is That this nine-period moving average way over the 14-period moving average says it's gonna have to be really bad news That makes this market tank But it could be a process it could be that we have some real choppiness Maybe we don't take out the higher Friday 34,588, but we get real close to it before we start to Take a deeper dive, but at this point Dow down. What is that 208 points the S&P also made a high There we go S&P made a high of 44 48.47 on Friday G Slash the alternate count pulling back with here again all the technicals are very strong So it's gonna have to be bad news and I think it's gonna be a choppy series Maybe we don't even take out the highs of Friday, but it'll be up in this area that we start to see the fade not a Just a smash to the downside all in one, but I do believe we're in a phase It says we should be taking a breather and that's really important Look at the QQQ at 372.85 was the high on Friday now at 366 point 07 down a dollar 82 The S&P was down 22 the IWM which is start to show some residual strength is holding quite nicely But it's down a dollar 25 at 184 70 the weekly chart says It's really struggling to get into the 190s and hold there looking at the gold contract Now it's gonna be quite important because gold is really taking a dive today down 29 at 1942 you can see this dreaded H pattern the lowercase H now it's about to test the 1938 200 period exponential moving average. I just want to check if that was a correct number there I did it by eye. I think it wasn't right 19 Yeah, 1937 1937 Bons are up a little bit. So yours is coming down and looking at crude oil crude oil is Down a dollar 50. I'll be back with the Tiger technicians are really important week as far as I'm concerned And we'll talk about as soon as I return for the Tiger technicians our check out my opening call Daily newsletter. I'll be back in a moment