 work. PFNN, headline, news update. Hi everyone, Basel Chapman here. I'm the host of the Tiger Technicians Hour coming up straight after this Tiger Financial News Network. New update dowsed down 300 and 25,306 overnight was down almost 1,000 points in the futures. So this is really very good action, but we've been expecting that they were off, especially often that peaked in the Chapman Wave methodology at 27,580 in the daily chart, as well as the gap down, that's an island reversal right there, that they would be further selling and that selling should go on a little longer. And one of the reasons why I think it should go on a little longer is at the speculative part of the market, especially with, I don't know if we can call them novices, but anyway, with a lot of people just coming into the market and trying to run up these not secondary or tertiary, but really these stocks that are not just laggers, many of them are bankrupt, they're just very pure quality stocks to be able to run up, as well as some that are purely speculative and they can run up on any reason, just need to teach them a little bit of a lesson here that you've got to be careful. Therefore, I think that this consolidation should go on a little longer. Let's go through the numbers. The down now is down 276. We're looking at a just breaking underneath key support level, but it's right at the 50-period moving average. MACD is only slightly turned down and the MACD is, sorry, the sarcastic is at 45%. That's not very good, but we haven't yet got the green nine-period moving average going under the 14-period moving average. Strong resistance is at 25,600 to 25,800 level this week. The S&P right now is down 19 and 3,021. It is holding tight right at the 200-period exponential moving average. The MACD is just turned negative, the sarcastic is down at 45% as well. Peak E at 3233. I think the resistance now is at about 3,038 to 3,045 and it needs to hold today's law of 2,965 weekly charts a month and a month that we can get into later in the week. Let's just do this because it's so important right now with the consolidation really just unfolding. We're looking at 235, 32 down 56 cents. That's nothing on the QQQs. There are still so many stocks that are really leading indicators. These are economically sensitive and they're doing very well. That's a good sign and that's holding up the QQs. The IWM fabulous move from the low of the day of 133 to 138. This is the action you want to see the rotation to keep things a little bit solid and gold which is down sharply on Fridays also down today. I'll be back in a moment for my Tiger technicians hour. Hope to see you there. Don't forget my opening call.