 T F N N headline news update of a spousal trap and yeah this is the Friday the 4th of February Tiger Financial News Network 11 a.m. Update Dallas down 286 at 34,822. This is a deep red candle after yesterday's and we're we've got this repellent zone you see this trendline right here this little mini channel just can't get above it by Tuesday Wednesday it's got to get back in and probably above it to about the 35,250 level that's a big move 600 points or more in the next couple of days we actually see that intraday sometimes within minutes so what we're looking at is the 34,700 level really needs to hold otherwise there's a test of the 200-period moving average of 34,567 now the s&p also down down 15 at 44 61 was trying to rally better he couldn't repelled right at the 14-period exponential moving average here the 44 55 ish areas intraday support otherwise we're looking at a test of 4406 that is the 200-period moving average and look at this up channel just it's a cell mode in the weekly chart it's way underneath this major up channel and we're looking at the resistance now between 4,5 50 45 50 and 45 66 on any big rebound well 45 4,600 would be really quite something if it can get there the meantime back at the ranch the QQQ which had a facebook smash yesterday and an amazon pop to this morning is only up 40 cents at 33 53 and 90 here it's really important by by mid week next week at least to attempt the 363 level it hasn't been there for a couple of days it just got to try for that cell mode in the weekly chart this is getting a little bit more serious iWM is very serious because it's been a cell mode for quite a while and now that monthly chart is starting to act very poorly so in February there has to be some attempt of getting to the 210 216 level whilst the Russell 2000 is in really serious trouble gold gold got smacked down after the jobs report this morning and now it's come back nicely it's unchanged at 1804 it's stuck in a range but the big thing is at what point do we see gold start to move into the 1828 area 1835 area if the dollar which should have been a trigger for it to move much higher i cannot get any upside activity it's a 95 55 most importantly crude oil is trading up sharply it's up 2.43 and you've got the TLT down sharply so yields are going higher this is important i'll be back for Larry Presidento's show i'm subbing for him today on the same amount of work but i'll be there at least to fold the hour i'll be back in a moment