 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. Good morning, everyone. Basil Chapman here, host of the Tiger Technicians Hour, author of the opening call, dating newsletter. We had been trading the, just on the short-term trading side, we've been trading the Dow via the SDOW for the short side, three times short and the UDOW three times long. Really well, even though we've just got the core position from the August 1st high in the Dow and keeping that because we think that we're going to do a lot of testing of support before we get a really good buy signal. As a trade, it looked to me like we just got stopped out of a short position yesterday, still with the profit, but we got stopped out. And if it hadn't been, if I had loaded just a tad that stop, I might have just said hold it because that H-pattern, it usually, if it's going to bounce, it's going to bounce and make a small second arch. Remember the dreaded H-pattern? Let me just show you this in Chapman methodology if I can find it right here. There it is. Let me get to it right now. Climb higher. So I'm always looking at these three core patterns. Straight line up, straight line down, that's one. Two is a cup formation. Three is an arch formation and a mix of one and two or one and three. Very simple. The three, when it's red, sorry, this particular one where it's one and three, is a straight line down and then at a peak A or a B, it fails and arches over and then how it takes out. If it does take out that left side load is really important. On this side, you've got your green reverse Y pattern because if it takes out that left side high, you're going to continue up and here it is. Look, there's a move up and then it makes a Y, another Y and then pulls down and now it makes the arch. So that's the weak each of them down. So my thinking was just as a trade, there was a chance that we could have, get an entry here, have a balance towards the pink or even the 14 period moving averages, get ready for the second arch but when you micromanage like that, that's really tough to do especially since I try my best to make it just a once a day and use that early in the morning between eight and eight thirty, it comes out. I don't really like to update during the day. I found over the decades that updating invariably the very next day, you can get the same result and even better one. So I tried to avoid it. However, this looked quite good and I wanted the long position, just for this small position on the long side, just as a trade and it worked just for a moment and then it started to come down and one of the reasons I felt so stupid is that the tide, I always talk about the tide, trade the tide because if you're trading, for instance, if you're throwing, so you've got a little branch of a tree, a little kind of small branch and you throw it into the water. If the tide is going out, that branch will not come to shore. It'll just keep being pushed away, pushed away. If the tide is coming in and you want to throw the branch and have it go, if you have the branch and your tide is going down, no matter how much you throw it, it's going to keep going down. If you want it, if the tide is coming in and you throw the branch, it's going to keep coming in, no matter what happens. So in this particular instance, the tide here, this is the tide. This is the pattern that I always look at. So I feel kind of stupid for doing that. Yeah, it was a 1% loss on a three times long. I mean, that is really, it's very difficult to make it less than that but what's a pity because it was a waste, it was just a waste of energy. Now there is a chance that the day is young and that we will find some kind of support because let me explain what I'm looking at here. Look, down to 112, the S&P, here comes the S&P, if I can type it in the right place, here comes the S&P, S&P, down quite sharply. It took out the 42.16.45 low of, around about August 1st, October 1st and it bounced and went to peak ABC and that invariably says, if you go to a C or a D on the upside, you've actually used up a lot of both upside energy and downside. So you might stall once you get to a little bit lower than the left side low and that's exactly what we did. But now the tide, look, the nine-period moving average is way under the 14. The price is way under the 200-period moving average. The mag-D is negative. So casting is down to 16%, very negative. So anything that happens here says, you haven't yet made any decent low and look at the weekly chart, legs C to the downside, nine under the 14, mag-D weeks to casting at 17% could still go to the single digits just like the daily could. So this is in the very short term, that was really silly, I must say. Thank goodness we've kept our core position short. Now look at the QQQ, here's the same thing. The QQQ barely, 351.36 was the low, I think it was September the 29th. Let me just check that date. Yeah, 27th. September the 27th and ran up to the chart. We've inside tracked repellent zone, gets pulled back, actually gets repelled very sharply, comes out and takes out the left side low three days ago by 14 cents, 24 cents, 351.12. And now you've had this peak A, a gray A, and it's coming back sharply. And look, here's the weekly and the weekly for the first time. You remember I said that last week on Friday, I got NQ at NQ, that's the E-mini Nasek 100 continuous contract, went to the cell signal on the weekly chart, therefore I had to put a down arrow. The QQQ had all the ingredients of time and enough closes below the 14 period moving average, but it never went pink. And as I say, this has got a whole two and a half days to go now. Let's see what happens over the two and a half days. I don't like the fact that it's showing all of the others that IWM went pink a long time ago in the weekly chart. And look how poorly it's behaving. It's at 163. But look at this, you've got your left side low of importance. That goes all the way back to in 2022. That was October. The low was 162.50. And we're trading right now at 163.83. We're almost there. And if we take that out, that is really not a good sign. That makes me a little nervous. I must say. All right, let's go. Now I want to go to the goal. I just want to show you the semiconductors. Now, two and a half, 2.63 and 141.62. It held the left side low of 27th of September of 139.76. Ran all the way to the 154 area. Got trapped in that inside track repellent zone. I should mention we are still short. We're short from just over 159, which is two points from the all-time high that was made on the 31st of July. Yeah. So you see this move? I don't know. I'm going to put it in here just kind of. I'm not going to say for fun. You don't want to have for fun in the market when you... But I'll put it in here and say there is a chance that the... Oh, I don't even want to write. Has to go to the 137, 136 area. It's at 141.54 right now. But look at this weekly chart. It's now starting to make see the downside. It's a very big decrease. I like to think that the semis is in everything and they are already the market leaders up and down. I'll be back in a moment. That's at 118. 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After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. Live programming hosted by a variety of professional traders during market hours. The Tigers Day. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. So, a question has come in about FCG, First Trust Natural Gas ETF. So, if you're looking at natural gas, the question is, should I add to it right here? A good place to add to existing position. And I'd say, let me just go through this. Natural gas trading at 0.05 at 3.378. This is a nice two-day balance. A green candle three days ago with a new low and then a green candle yesterday. Good move up and a green candle today. I was going to say, I would wait just a little bit. And the reason is we're in this climate for, I don't mean climate climate. I mean this aura right now of where, what should be working isn't necessarily working. For instance, we're starting to get into the winter months. It's getting cold. Not everywhere, but in a lot of places in the country. And you had that spike in natural gas. And I've been talking about natural gas for a while. All the letters have moved because there's a continuous contract. It goes A, B, and that's a C right there. And the question for me was, is it possible for natural gas to close above the high of the week of the 11th of August, where it was 3.69 on the continuous contract? If you go to the UNG, I think the UNG is a little bit, for me a little bit more accurate because I'm dealing with a price that doesn't change. I mean every day the price changes, but it doesn't get smoothed out like the continuous contract. All the notations are exactly right. Everything, trend lines, everything, except then the price gets adjusted. And because of that you've got a completely different price. So in this case the price is the same. So the price right now is up 0.07, a 7.03. And what I've said way back here somewhere like I think was July, probably even earlier than that, is that if you're looking out over the months going into October, maybe it's late September, maybe early October, it could even be a little later in October, but that's where normally I would expect natural gas prices to move up. I'm anticipating that prices will move up, but until you break decisively out of this rectangle for long narrow rectangle formation and close above the high, I think I chose the high of June, the week of June the 30th which was 7.83, two out of three consecutive weeks above that, we've gone once above it on the week of the 11th of August to 08, and then the most recent one was a rally to 07.98. So 07.98 is still above that, but not yet. Well, what was that close right there? Yes, we did. The close on 07.74, the close week of the 6th of October was 07.74, and the high I'm talking about is 07.83. No, we haven't. So I'd like to see that because the way I'm looking at this, I don't believe that this is one of those patterns where the duration can alter the expectation. In other words, this whole series of trades in this long rectangle formation, if I was able to make this the fulcrum right here and move it to the upside, we just put this in here as if it was, because I don't think it is. So it'll be from this low right here, 05.87. Just for the moment, I'm using this as a tool. Let's see if I can represent it visually. Now let me get something, a pencil or pen or something, and let me just do this. Okay, once I've got it that way, and now I'm going sideways. Oh, that's actually quite good. So that takes you all the way to the 20 area. And what I'm doing here is I'm saying, here's your fulcrum. The big breakout, it'll have to be this low right here, over there. Now I have to use it at the breakout point. So if it breaks out, I have to use it there. So that means that would be, but I don't like to do that because that's, I mean, what does that mean? We're training a 705, and I have a projection of 20. I mean, give me a break. Natural gas doesn't know that I have a projection of 20. It doesn't matter what technique I use. So the technique I use here is that when this finally breaks, it's almost like a bowl formation. It's more like a rectangle. When it breaks, it starts to hold. If at any point going into the last week of December, the first week of January, if it takes out and closes above this candle of the third, the week of the third of March, which is 9.99, now I can start to say to you, whoa, now it's on fire. I shouldn't say natural gas is on fire. Now it's rocketing to the moon. And the moon says that the gap of the week of the 6th of January of this year is 1341. That's the only way I can do it. And we haven't yet even crossed for two out of three weeks and closed above that high. So let me just do this to say, it's a work in progress, but there's going to have to be a trigger in natural gas that says whatever has been going on right now, obviously the way it looks, it looks like the demand is being met. The demand has not pushed the price up of natural gas. At some point demand will shrink, sorry, the product availability will shrink and you will see natural gas start to move. It hasn't done it since the whole of this year. In fact, it did a beautiful move up going into September, I think it was. Now August of last year, August of 26th, 2022, it was up in the 30s. And nothing has spurred it to move. It had this one big spike. We were looking at that. That was a successful spike. Then it made that peak D in the time, left side, right side price time match and all that. It did it to the week, but failed to get to the high that we were looking at in UNG, which is at $8. And what did I say, 8 cents? Back in August, I think. So all I can say is, I wouldn't, I wouldn't rush to add other than to say you're already in the position. If you're asking me the question, it means that you are ready. Then why not do this? You can split the new ad and go right in now at 7.05. I'd have a tough time giving you the stop on this and I don't even know what the price would be in the futures. If you're in the futures, obviously you're in stocks, ETFs. So I'm just saying to you, yeah, split the position and I would, I'm not gonna say I'd prefer to wait, but I prefer to divide it so that you get something here. And if there's any pullback, and that pullback in UNG doesn't take us 6.80 by Friday. And in fact, it does make a higher high. You can even touch 7.12. That's exactly what you want to see. Then I might say, add the second position. I did that in time because I've had a lot of people that have asked me about the natural gas. In terms of the FCG, I'm gonna say the same thing. FCG doesn't have the same pattern. I'm not sure. Am I talking about the right thing? First trust natural gas ETF. But all I can say is this one's pulling back and the UNG is going higher. I'd base it on the UNG. If you're in the FCG, I'd base it on UNG. So everything that I said applies to this. I'll be back in a moment. Basel Chapman does now accelerating rows down 145. SMB's down to 45. 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You'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. It opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors. Hi, folks. We're back. Down, down, up. Put your feet up. I was just showing you the U-N-G chart. Let me just get back there. U-N-G, there it is. And I was showing you the weekly chart. You see this narrow narrow, but you are making slightly higher lows and higher highs. That's different to the long narrow and I've had webinars on this. If you're interested, you sign up for my opening call newsletter. You'll be able to check out these patterns that I talk about and give webinars on. So in this particular instance, this is slightly different because this is making lower lows and lower highs all within this narrow rectangle. It's really narrow when you think about what the S&P has done since early this morning where it went to the 42-30 area and then the support is at 42-24. Now what normally happens in a pattern like this is that from the low you can actually count a peak A and a B and a C without taking out this initial load. Let me just double check if that's the case. 24-25, 24-25, 25. Okay. So this is what I would look at. I'd look at this and I'd put a plus sign here and this is the lowest low from that peak B failure. So this becomes an A. This becomes an A because it's still the low is sacrosanct. It hasn't been taken out. A, that becomes a B. That A is a double bottom and that becomes a C. So now what we're looking at is, is there a chance that it goes to a D above the horizontal trend line in the long rectangle and then if it comes back and takes out half way of the midpoint of the rectangle, there's a real good chance it's not only going to test the low, it's going to take out the low. That's the one pattern. The other is, if it starts to close above the left side high, the ugly bar that started the move before the rectangle, this one here you want to see it not just touch it, it has to break out above that high. In other words it needs to close and I'd say decisively, not just a little 225 cents above 42 36. It has to go to like 42, 37, 75. That would be different. This one still makes the horizontal and you remember I like to put these in every once in a while if I can find my horizontal line hello anybody, there it is so I'm going to say click click right there I'd say that's a good horizontal and that horizontal line says if we come back down and we close on any bar underneath 4228 there's a good chance we're going to not only test the low right here but we're going to take it out in this potential for a cup formation, this is more like a bowl like a little pizza, deep dish pizza which I don't particularly like too dry this is the pattern that we're looking at on the upside so in the UNG chart this is really what you want to be seeing, you want to see a couple of closes consecutive closes within a couple of bars above the left side high that's the left side high right here this is the high we're talking about right here this is the high 4231.50 and then instead of coming down to the halfway marker it breaks to the upside because if it broke down you could get yourself a long propeller shaft to the downside so this whole move down here if we were to start closing underneath I could anticipate the same kind of point move to the downside I usually take it from the upper line and then I take it from the midpoint and then I take it from the bottom so just watching this and UNG we want to see this whole thing taken out and then tackle the left side highs on the left and that would be very positive almost the same kind of pattern so now next thing I want to look at is within the context of the questions I had, sorry folks I have to apologize I thought there was something wrong with one of my emails, I have one email that is I don't I don't usually get anything from anybody other than the people who know that particular email address but on the TFNN, Basil Chapin at TFNN I noticed when I was away in Brooklyn I noticed that I couldn't I just couldn't seem to get emails from the TFNN site I got emails but they had a different email address and that just said to me there must be something wrong and now I see that there is something wrong, I hope to get it fixed I don't want to mess with it I'll get it in my Dan, my computer guy, fabulous computer guy what 20 something years anyway hopefully he can, in fact he probably knows the password that I don't I'll call him and I'll try to get it organized so I'm not getting, I don't believe I'm getting and it turns out I think I'm not getting on the other one either let me just check this one, I'm going to click on it I want to see where it was sent and it was sent to um yeah I can't see where it was, in other words I'm looking for the address yeah I don't know which address it's going to the index averages are very lacking in volume something you don't consider without volume this market going nowhere yeah so within that context thank you for that comment, I do use volume but I use it as unbalanced volume and we've used it pretty well successfully, unbalanced volume was a key tool getting the exact high of the Dow both the lows and the highs for the last couple many years and it got the exact let me just go through here to show you unbalanced volume look at this the exact tick, right do you see that high right there, just follow the vertical line, that is the high of August the first I use unbalanced volume using it in a different way but I'm still using volume but I don't use it's not that I don't use pure volume remember I'm the guy that came up with that technique let's go to Schwab there's some others as well but Schwab I use that technique to say that round number 45 on the 13th of March had the Chapman Wave price volume climax reversal I mean how about that and I said if it holds for 28 days well it was in this case it happens to be days and doesn't take out the low it can go for 56 and it did that it actually went all the way to the 67 area from 45 so it had almost a 48-6% gain now it's back down in an arch formation oh my look at this this is what I mentioned I should talk okay let me just do this right now as we're talking because this is going to be a really big clue as to when the brokers and Schwab being a broker of course right there now let's do the left side right side price time match so that is today's technical Friday it looks like huh usually I do all this stuff on a Friday okay now we're going to go to the right and we're going to say have I got enough bars oh this goes way way way longer just for yeah this takes me I'll do this during the break I don't usually like the last space away and even to some up for a fantasy I'll be back and it takes us to Schwab is 21st of November I'll be back the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning 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traders who have already experienced the power of Tom O'Brien's award winning newsletter market insights firsthand TFNN educating investors and investors should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sufficient investors such as traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ just finished this thought here so Schwab let me just do this Schwab if I do a perfect left side I haven't done this is a working progress right now because I do other things but on a purely this is mathematical basis using the plum line of this high right here the high that was made in July 67 was it what was it on July the 19th it went to 68 0.80 I'm going to put that in here 68.80 8.80 on July I can't even remember what I said 20 let's just make a 21 for now I need to so that says just on a statistical basis on my left side right side price time that says bar symmetry it would take you to the 21st of November to get down to the 45 level but we have inside wedge target support line it could bounce as it has previously at any point so the next level for a balance would be right here depends when around about 48 and it's trading right now at 49.03 so I like to do this just as an exercise but I need to take time because very often there's another point that I take as the fulcrum, the midpoint the plumb line so in the meantime this is what I've got and now I want to go back to format space to the right I usually just take 7 bars let's get 7 right there and we're back to norm now the question is something just spiked the market and this is the reason why I've had for all the positions I've had over the last a few weeks the tight stops and one of the things that I'm looking at here is within a let me make that, that's a peak D we're looking for D, the fourth highest peak in the Chapman methodology where a buy signal is going into a buy mode and that's where other things can happen, magnies good, stochastic it's good, one minute chart this is only a leg A right there oops, A right there in the, I was going to say weekly it's not the 5 minute chart A and that's a B so these sudden pops you've got to expect and that's the reason why within the context of any position I'm sure some of you have found it if you've got a long term position that you want you've got to give it a wide width because it gets stopped out and you get in, gets stopped out but if you want something and you want it as a particularly thinking of it as a trade a tight stop is the way to go because otherwise you're vulnerable to the whippingness and we've seen that and actually whippingness in a fairly tight range and that's the whole thing that's been somewhat frustrating for positions so the question came in now let me see what I wrote down for today so I wanted to do that a question came in about um yeah again CCJ so CCJ look at this nice cup formation this is the deity, this is let me just move it away like that but it's already gotten to a D and this is Cameco Corporation Uranium Fuel monthly chart looks fabulous it's at a G-C it looks to me like it does want to go to a higher high the weekly chart also has a G-C I didn't put it in I put a G but it should actually be G-Stats why is there today's Wednesday I don't want to do too much more in terms of techniques I'll do that on Saturday Friday Friday let me put down alternate count G-C and I'll give a good example CCJ all right there it is and all the technicals here are good look the 9's over the 14 in the weekly chart this the magnies just about to negative but it's still positive it's like a dolphin right I love those dolphins 62.72 in the stochastic it's starting to weaken and on balance volumes weaken but the price is the arbiter of the train the price is good and that's the reason the only reason why I thought to myself if we've got Dow stocks finally the Dow now the generals can't lead without the troops but if we've got the Dow so I'm just moving away from this I'm how to think this market through as clearly as you can my thinking was that if there's a people back a little bit and the QQQ is pulled back the Dow leadership should see some kind of flurry of buying activity coming to the other sectors and then maybe the Dow stores and the other sectors come on strong unless they are so weak that they drag the Dow lower and this is my thinking right now and the reason is you see that what I said is this is an alternate count that went to a peak D in September at 42 and then it pulled back and it had this big rally the dreaded H pattern was successful that's the reason why I'm saying I'm not ignoring the charts that have successful H patterns can really have a very nice balance right this did and it broke a couple many times over the arch high but it only went to a D and D underneath the previous D says if you can't manage to get to a C or a B in this time frame but you get to D you run out of energy so it just says on the shorter term CCJ is stalling somewhat but when you're looking at when you're looking at the patterns this H pattern that became successful I was looking at the chance that INDU right here okay the dreaded H pattern look it pulled back from the 200 period moving average and yet with all the selling pressure it couldn't break 32,846 the YM the futures did break it by a fraction the QQQ look yes the NQ the daily chart took out went right to the 200 period moving average but the QQQ weekly chart held and that's what I'm saying there's some kind of resiliency to this market we've seen just a series of lower highs and lower lows basically the trend has been down but it's not been a crash trend at all in fact even today with Google I'm going to Google not the trading Google this is GOOG Alphabet Inc. C stock the one that people trade is Google L GOOGL anyway so this makes a peak C1 C2 doing fabulous as I said the other day even if it pulled back it's still making new highs on a yearly basis not all the time I was back in February of 2022 over a year and a half ago at 150 do 10 and it sums down to the 80s and now it's rallying and even today with a 12 point slide and 8% one of the only times I've seen 8% slide like this there was a big gap there and then it filled the gap this was back in September and it filled the gap very quickly so the reason why I'm saying that there's a chance of buying the way I'm looking at it right now there are buyers on the dips there are sellers on the rally but as long as you've got this equilibrium I don't see this as crash material I just see this as no lows and no highs and other things just persistent and the stocks that have held best now have a little bit of room to digest the recent gains like at Google and we'll see what happens it's a bit oh the down's not only down 33 it has to be down 30 I'll be a bit of a comeback I'll be back in a moment because of chapter you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied just know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors tfnn has just launched their new trading room the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tiger's for just $1 for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tiger's as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tiger's Den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV so I just wanted to show you how important the 200-bit movie average can be here's the 10-minute chart of the E-mini of December E-mini it went to a peak D, remember we were looking for peak Ds the nice one to one earlier on that was at one o'clock was it yesterday? it went to a peak D if you look at the vertical line you'll see this was a little bit weaker than the left side high then it came down and it hugged that 200-bit moving average from yesterday 1810 so 10-part 6 when the market opened again here's the 200-bit moving average that orange line held it held it held it and then it broke it and then it became resistance resistance and then it went to a peak D right there at I think it was 820 or something 830 and then it started to tumble down and it got repelled at the orange line and so it's still far away and this is still a fib number that we've got here it's holding it and it's had a bit of a balance look at the 5-minute chart oops I didn't mean to do that okay look at the 5-minute chart same thing went to a peak E where that was a D this was an E that pulls back, crossed it, pink negative, pink per pink and still negative and we'll see if it's going to turn green and if you're looking at the one-minute chart look at this got a beautiful cup formation right here right here, cup formation and it's still green it's just almost close to turning peak but it's still green and there's the 200-bit repelled after 200-period moving average repelled, repelled, repelled and they came far away and they came back closer you get to it, greater the chance you're going to hit it, when you hit it it tells you whether it's going to be the electric fire or not so as it says right now if the dowel is trying to come back it's only a minus 18 if after 130 the dowel is able to get to a plus 40 or more that's actually a good sign and the reason I liked it because all those dowels started yesterday did well and we'll see if this follows through today meantime the other sectors sum up the recap