 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. Everyone, Basil Chapman. This is the Tiger Technicians Hour on this Wednesday, Fed Day, the 20th of September. And, well, let's go through things. In my experience, it is very seldom that the Fed announcement on any particular day is the very turning point of a market's trend. Usually, the trend is in place and it just accelerates that trend. More importantly, what we're looking at is, if I just close that door there, more importantly, what I'm looking at is, look, I like to time things, but if you're looking at timing, sometimes, all the clues are there and you either identify them and you don't act on them, or you identify them as possibilities and you miss it. So, I've got the chart here because people have asked me, would you mind just every once in a while doing your show, showing you your 1-5 and 10-minute charts of the E-mini or whatever it is that we're looking at. So, look at this potential double top right here. There's a cluster of highs in the E-mini at 9-11 this morning at 45-08. And it holds there for about 4-5 bucks and then it starts to come down. You see the way the MACD turned down? It didn't make a correspondingly higher high. It made a lower high. On balance volume gave you the turn exactly on that bar, the last bar of the high. And the price comes down. It shoots lower for some reason. I'm not sure what the news was at 9.31 as the market opened. Instead of balancing, it just shut down and screamed down to the 44.95. And then it started to move up. I typed this in here. I made this the midpoint, the fulcrum for Boston Conlicity. That is the plumb line right there. And I said, if it moves to the right, round about 9.57, it should try to get back to that high. But at 9.57, it missed it by 75 cents. And then it pulled back. And then there was this internal strength because the MACD was still good. The 9-period moving average was still good. The stochastic did drop sharply, but then rallied. I wanted to go to a fractionally higher high, just 25 cents off that previous high. And it was a few bars late. And then it pulled down. But what did it pull down to? It pulled down to look at the 200-period moving average. How important it was right there at 8.40 this morning. Look how it went right through and came back and started to hold it, make this a cushion or a trampoline run. Now someone asked me, we sometimes see you put it in a pink or whatever that color is red. Notation, when there isn't actually a peak, well, this should have been changed. What I did is whenever in the futures, whenever I get one, but especially if there are two parallel highs or two parallel lows, I say that's a possible peak because you're traveling 25-cent increments. 25-cent increments, I mean, that's 25 times different to a penny that you get when you're trading in stocks. That's the way almost anything else other than the futures. So I look to see what happens in any of my indicators, the variance of strength, the unbalanced volume, whatever, and I choose to use it as a phantom peak. Now what do I mean by a phantom peak? A phantom peak just says very simply, this isn't really in the Chapman way methodology, this isn't really a peak, but there's an alternate count that you can use, a legitimate count, but you've got to have certain ingredients. The ingredients were there, so I made this a phantom peak A, phantom peak B made a C, and then what happened is it went on to the D. So what happens is that D is fine, but if I go to an E, then I have to change things and I go back and I change one of the phantom peaks to a real peak, but that's going back. That's just because I like to have the pattern itself formulated and created to give the exact notation. So if there was a plus here when we started, I'll put in, as it's moving up, I'll put in an up arrow to say buy signal, probably to buy mode, that said there should be four higher peaks. The reason why I'm mentioning this here is that we've got all these, what I call, clues. Look what happened in the five minute chart, went to a peak E, pulled back, tried to rally back again. Yeah, the technicals are much weaker. It's struggling a little bit, same thing in the 10 minute went to a peak G. Now, why do I talk about this? Because there are times where you either choose to utilize all the things that you, all the tools, in other words, my big CSN road buck, if we don't have CSN road buck anymore, my big toolbox with my unbalanced volume, MACD, Stochastic, Chapman Wave, Roman Candles, Chapman Wave, Inside Track, Chapman Wave, one-to-one expansion, folding axe, all these things. But in this particular case, let me go through this one by one. Look at this. Here's the crude oil. It's right back on the very short term to the highs that were made back in November of 22 at 92.81. Right? It did that. It went to 92.43 in the continuous contract. So that's one little benchmark. But the highs that were made, look at the way, the high that was made at just at about 120. Look what happened way back in 2000, and this was a crime. You ever wore one of those walls? 2012 to 2014, that whole 120 area, maybe up to 120. That whole 20 to 24 area was extreme resistance. And then it pulled back and it broke down and went all the way to minus 119. I don't know if we've still got that today, minus 916. That's changed because it gets smoothed out in April of 2020. Do you remember crude oil went negative in the futures? Okay. So here's my benchmark. It says we're getting up to a resistance point on the left that goes back to, did I say July? Sorry, November, November of 2022 at 92.81. So that's one out of our whole plethora, panoply of different indicators. The TLT, that's bonds. 91.83, 91, 92.23 was the low back in August. And the low before that was, wait, what's going on here? Where did it go? Hey, somebody stole my low. Okay. Yeah. Oh, there it is. 91.85 was the low back in October of 2022. We've made a full arch, and don't forget about the H2M pan. And this is a full arch formation. And I chose to use this little doji candle right here as the midpoint at one stage. And I said, that means by week of the 18th of August, we should be testing the 91.85 area. But it took another week and we went down to 92.23. Look at this second, third little arch over here. I'll be back. If you wonder if it's the four levels and assistance levels, tell us. Can't you see that? If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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, let us 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. With live programming hosted by a variety of professional traders during market hours. The Tiger's Day. Available to all tigers and tigers 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. 8-7-3-7-6-1-8 Hi, everyone. It's about 173 sbs of HSK. Back some of it, but this is holding steady. Waiting for the fin. Waiting for the fin. We've got Garo waiting in line. Harold Garo, how are you? I'm very good. How about you, sir? I'm very well. Thank you. Here, if you have the time, I want to ask you regarding that square. Yes. Of course, you know me. I'm insuring this stock since September 7th at $56 on the daily chart when the candle hit the bottom dot and the dot moved up there. I'm still holding it. And I want to have your opinion that how far this can go lower? How far? Today, there was a news on that, that Square joined the Canadian, the Canadian, what's the name, here. Square entered the Canadian pot market with Jane Technology as partners. That was today's news on Square. So, how far do you think this is going to go? Well, you know, once upon a time, I used to speak about a company called STZ. STZ, this is a company that constellation brands spirit alcohol. And they did unbelievable. They were the leaders in the whole alcohol. Nobody could even come close to them because they did everything right. Then I read that they were taking over a company in the cannabis area. And I remember saying to my subscribers, uh-oh, here's a problem. This could be the very first time that they come across something that they've never been in. They'll get it right at some point, but it's going to be very costly. So, in April of 2018, STZ is at $236.62, plummets down to $104.28. And now it's been on a very steady path. You would see that the monthly chart is the green nine-speed moving average from about January of 2021. And it's just steadily made higher highs and basically lower lows. So, the learning experience, I remember thinking exactly the same thing when I read that square, and I have no idea why they wanted to... Well, I do. Square changes the same to block because they did block. They thought they were so cool. Block was the inside vernacular of the word of the day. And they thought, well, we'll be block. Okay. Well, blockhead should have been the title because since August, even just most recently, they've been up... Let me just check this out here. So, this is August the 4th. They hit 81.47 on a big rebound from the 55 area. And it's been straight down. So, basically, I'm trying to say to you that the learning, when you say to me, how far down can it go, it really depends on when they start making money. And that's going to be very difficult. I think they're getting closer to it. So, with that said, all I can say is if they break and they close under about 46.50, that's serious stuff because the last major low was in 2020 at about 32. So, let's just go one step at a time. They've got a learning curve and they've never been in the business before, so it's completely new to them because even though it's just the mechanization, the electronic movement of money, it is the industry that's part of it. So, if the industry is still having a big problem, and if you look at MJ, MJ had a big spike up on the news that maybe there was going to be some benefit, some banking benefit, whatever it is, so far that really hasn't happened, but I think it's going to become an election-type story for a while, and they will be the beneficiaries at some point. So, I would say to you, I would rather look at it on a very short-term basis and say, remember that I drew this in for you. I don't know if you're looking at my charts right now, but remember the daily chart, I have a technique that I call the propeller shaft where the price comes down sharply, but then instead of a little circle, it goes sideways in a rectangle formation, and then I always say it has the potential to have an equal move from the top that I chose to the bottom, and then the top of the rectangle to a new extension to the downside, and I drew this in and we were talking about it. I think it was maybe three days ago, it was in the 5350s, it had just taken out the left side low, and I said, well, if I'm correct in my measurements, then the idea that it would go to 49, I think I said 4950 or 4930, that's on the table. So today it hit 4920. So, and the stochastic is at 4%, the MACD is very negative, no, the MACD is not as negative as it was, that's a good sign, but the stochastic has gone down to 4%, and the on-balance volume is now extremely oversold. So this is a stoch with a doji candle of yesterday, if it closes under that candle, it'll make the 4970 area some kind of a resistance. If it takes it out, it can go high and try to fill the gap. Right as we're speaking at this particular moment, it's on the cusp of either having a big candle to the downside or trying to have a small candle and then a little bit of a move to the upside, making the 51 area, I'm not sure the nine people moving average of 52, 37 can be hit, but on the weekly basis, ah, it's a horrible chart and it needs a lot more work. So I think you're absolutely correct in what you've got. What I would say to you, if you've got your core position on the short side, money management says to me that the one-to-one has been reached, that a little bit should be taken, this is just my perception. It doesn't say anything about where it should go to. It says what it has come to from the levels that we were talking about three, four days ago. It's hit that. So personally, I would take a little bit off right now, but I would still keep the core position. I think by Friday at this time, during the 10, 11 o'clock time period, it's going to be really important because if square has gone below 48, anywhere in the 40, if it goes below 48 by Friday at this time, that's really ugly action. If it tries to rally, it says it's just trying to find a little bit of support and it could have a bounce and that bounce could take it to, it could take it to the 52, 53 area, but as I said, I would take just, money management says take something off. That's all. Yes, sir. Yes, sir. Yes, sir. Beautiful. Excellent. Excellent. Thank you so much. It is worth for a million. I appreciate it. Just as you're about to go off, I'm just going to do one quick thing. The weekly chart has the same one-to-one to the downside. I'm just going to do this and say, if I'm looking at this correctly because it has to have the same angle, it says by the end of it, by sometime in October, the 45 levels should be hit, but I'm just saying that would be a one-to-one measurement just as we were doing right now, but just keep that in mind. I hope that helps you. Yes, sir. Absolutely. Absolutely. Thank you, sir. Thank you. You're the master. You are the master. Thank you. Have a nice day, sir. Thank you. Thank you. Thank you, Garo. You said. So folks, this is going to be very important. So I was talking about the levels and I like to look at other things so that it can complement what I'm thinking or negate what I'm thinking. So now have a look at this. Here is the TLT. That's Bonds. It's come down. It's very close to the 92, 91 area. That's absolutely key support. The H pattern says when you've got so many, the daily, the weekly and the monthly in this particular trajectory, there's a good chance you go under it and then you come back into that semicircle. So we'll talk about that. I'll talk about the one other thing I want to talk about was the left side, right side time price match. I'll be back in a moment. Adding stock options to your portfolio can be a major game changer. But the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN, Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, Educating Investors. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and 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. From the moment the market 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. I had a question about VICR. VICR is Vicar Corp. And I don't think it has anything to do with the British detective shows, Vicar Corp. Or pastor shows. What I am looking at is a star called Vicar Corp and I'm going to just do this right now. Vicar Corp, V-I-C-O-R Corp does? Oh, headquartered in Andover, Massachusetts. Vicar Corp sells its products to the power systems market including enterprise and high performance computing, industrial equipment and automation, telecommunications, everything you would love to see. Infrastructure, vehicles and transportation, aerospace and defense. And it goes from a high of 160 something back in November, December of 2021 and has a little bit of a pullback to 40. And now it's had a strong balance, not now, but it had a strong balance in the, this is in the weekly, it went all the way from just under 40 to just under 100 and now it's gone under the 200 period moving average of 50 ADC. I've fallen for this a couple of times over the last year. I've got a stock that just has, oh, you read it, and you say, oh, this is just everything that you're looking for, power systems, high performance computing, industrial equipment, we've got PAVE, this is infrastructure, just screaming to new highs, automation, telecommunications. If you look at the XLC, despite the fact that AT&T and all these others have just been hammered, the XLC, which is the telecommunications ETF, they've done beautifully, network infrastructure, vehicles, well, that was good at a certain point, aerospace, defense, pie. Here's a stock, just on the short term, right here it goes from this 96 area down to 50, the 57, it's a trading of 58 right now under the 200 period moving average. All I can say is to be buying it right here, well, I don't know if you're short or long, if you've been short, all I can say is there's 200 period moving average of 60.78, that's going to become a magnet at a certain point. So, already a magnet, you can see it hit it, and that's the first time it kind of stalled, went under it and when touched it and now it's pulling back from it. So, yes, keep it on your list. What I would say to you is I'd much rather be buying, because the statistics at 8%, the magnet is not good. Or maybe you've just mentioned something now to tell me what you're looking at. Let me just check to see if you've updated me. I'm looking, I don't see anything. Yeah, I don't see anything. All right. So, I'm looking at this and saying, keep it on your list. I think it is a stock that when it, look at the move, when it has the move, it's fantastic on the way up, on the way down, it can have the same move on the way down. So, if you're short, I don't know if you're short, I'd stay short, I don't know where you're short from, but I can tell you that 60 to 15, that's another four points above from where we are right now, is that that's the 14 period moving average that it hasn't closed above since, since August, like the first or so of August, when it was up in the 80s, since then it's gone above it or touched it many times and it's like an electrode, it's just bam, it hits it and you get repelled. So, all I can say is, this looks to me like the downside isn't quite done, but it's getting to it within four, I would say within four to six points, if it keeps going down, that could be the start of a really serious rally because of the way it had this 50, in the 50, 55 area, it went there and held there for a long time. So, I would not be looking at this as a buy just yet. As a buy, I'd wait for it to have a leg B, but the leg B has to be a bit stronger than just that little high that was made yesterday. I think it needs to be, this is going to give me a yell, if it hits 61.10, it just has to get into the 61s and then I want to see if the stochastic's gone from 8% to 12% and that'll be a clue to me that it's starting to make a turn and then it has to have lift off away from the 200 p.m. moving average. So at the moment, the 200 p.m. moving average has become a magnet, both for the upside and the downside and it should wriggle-woggle around there for a little bit. Now, the other one I was asked about was PSTG. Now, this is an interesting postage, I think, is what is it called? It's called Pure Storage Inc. A-Shares, but wasn't PST... Oh, it was Stamps. Stamps was the other one. This was a postage. Okay. And I follow this just every once in a while. I say, oh, man, this is a... Look how nicely the stoch does. It does have a lot of whippiness, but wow, when it gets going, it really gets going. So this is EF and this is another A, B. This is now an F slash C and then what does it do? It goes D and I'm calling this an E just for the moment. I can make a change on this because we're looking at the day soon. Pure Storage Inc. So we're typing Pure Storage Inc. And it's an A-Share. All right. And they do this data storage. Let me just put this in here. Pure... Well, you've told me. There's just... I love it when the name tells you what it does. Inc. Does. And what does it do? Uncomplicated data storage forever. Pure storage. Discover a better way to interact with your data through storage. That's always modern, easy. Oh, I don't want that. What do they actually do? A provider of enterprise data, flash story solutions designed to substitute for electromechanical disk arrays. All right. So within that context, yeah, yet again, it's got the sexiness to the wording. But rather let's do some technical analysis. And the technical analysis says this particular A-Share pattern straight up and straight down in the daily chart, which is reflected as a peak C in the weekly chart says this stock is in play, is acting extremely well, but that was the H pattern. Oh, let me just double check this to see if I've not done this correctly. The low was in May of 2022, 21.90 and the way April of 2022 was 22.17. Yeah, that's what my eyes said, that this was a higher low and this is that beautiful pattern that I'll look at, which is the arch formation. In fact, we could even do this. We could even think that this is peak A, peak B, C and D. So whatever it is, it's going to be D or E in the weekly, monthly chart, peak C in the, another way I can count this peak C in the weekly chart and this spike to the upside. Okay, now you didn't say what you're doing. So I, okay. So as it stands right now, it's been impacted by the most recent pullback in the market. But I like to pull these things out there and have a good look at it. And it says that this whole upside consolidation phase and I'm going to do just draw it in like this. That's just basically a consolidation. It's a big number. It goes from 34 to 40. That's six points. That's almost 18, 20%. That's a big number. So I want to do a little bit of work on this group because I like everything about this. I'm just wondering if that moved to the upside in September, I think giving it back was an aberration. Or is this telling me a story about it? 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 for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Tom O'Brien's award-winning newsletter Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN, educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD. Directions daily S&P Biotech three times, bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor 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 sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Back and a couple of questions came in but we need time. So, TSTG which is Pure Storage Inc. A shares. Look at this beautiful sideways consolidation to the upside. So, consolidation can be a downside and the upside could just be a breather. It just takes a long time before it's going to break to the upside. Invariably these long narrow rectangles and actually except for this one spike to the bottom and that started a new move to the upside and I have to call that an A. It could be an A that fails. It's very unusual but that isn't an E because you started a new buy mode that went to peak ABCD there and you started one here and this went much lower. So, this is an A which can fail but it's still an A. That's an A, that's an A and the little spike right here is an A. If it takes out that low, it's a failure pattern. So, it's holding very well. It's up 19 cents today, 36.16. It's in an area of, we've seen a number of these data storage companies do quite well. Some of them, not all of them but some of them have done extremely well. So, I like it. Now, I'm not sure if you're looking to buy it. Now, I should have asked you what you're doing but I haven't got that right now. Let me just double check to see. Okay. So, you've just got that. I think you put in something more than that. Oh, I'm trying to find you this link. Yeah. VICR, we got that. Then I got the next one which was Duncan Steve and let me just go through these. I'm not seeing it right now. I couldn't, but I'll just do it in any case whether or not to buy, sell or hold. That's really what I want to be doing right now. So, in this particular instance that's spiked to the upside. I mean, going from 34, is that a round number low? 34.01. Just Mr. Round Number on the 31st of August and three days later, it's at 40.50. And I would have to say I'm almost, I mean, a six point rally like that on a $34 stock. That was 17% gain. That's really quick. Now, let's give it back a chunk. I don't like that. It says this was an aberration. This was news related. And now that news is just dissipated. So this is what I'm looking at. I like the stock. I would not be shorted because I think it's holding extremely well. Yeah, I could retest 34, but there's a risk here because the way the 9p moving average in the weekly chart is so strong, it says that there's enough internal strength to have sudden spikes at least to the 37, 80, 38, 30 area. And that would, if you're short, that's not really what you really want to see. And the fact that it stopped the decline for two sessions, even though they're not big bars, says if it takes out one more time, takes out the low of the 18th, a few days ago of 35, 36, close it under 35, that's a big problem. And it should go all the way back and test 34. So I like it on a longer term position. I'd actually say to you, I'd consider a long term call. I'd go out today is September the 20th. I'd go out October. I'd probably want to go to November and I'd go in the money. I'd like to buy a 35 in the money call. I don't know yet if this is the plan. I'm just saying, and I don't know whether you're going long or short. I think this has upside potential to at least double top at their peak C level, maybe make a leg D. And it should be before it takes out 34. It needs to be. If 34 is taken out, it's going to take a lot longer. But in the meantime, I like it. I don't think I'd be considering a short, even though the nine people moving out would flip the gain to negative, but that strength in the weekly chart and monthly chart says, it's been in the sweet spot for a little while and it doesn't seem to be going out of it right at this moment. So I like it. I wouldn't short it. I wouldn't buy it right here. I'd need some evidence to say that it's now finding its strength again. And I think I might even have to wait for the nine period daily to go back to positive. And that'll take a move to about 38. So it's two points. I just hold off for now. So I'm not very good for you right now to ask me, what should I do? All I'm saying is I would do nothing. I'd have to wait unless you're in the positions. In the short position, a close below 30, 35 would say continue to the low that was made back here at the beginning of September. And if you're all long, just watch out because a close under that says be careful. If you're long, you want to see 36, 56, the nine period moving average. Yeah, the nine period moving average hit very quickly and it's a 3620 right now. Next question is, that's our post below earlier this AM, AQST. I don't know if I have time to read everything that you wrote, but I'm going to just put AQST here. Oh, look at that nice balance. This is a quest of therapeutics ink biotech made a peak D way back in April in the 2.60 area. And it came all the way back down to the slow of 1.35, 1.33, went to a peak A and has given that back and the weekly chart nine period moving average just about to flip negative. The data has had a nice big spike off the 200 period moving average. You know, multiple potential try. You see, when you're talking trial outcomes, that's something complete. Oh, EpiPan. Oh, yeah, okay. Oh, versus EpiPan. Yeah, you know, all I can say is that the chart itself has got a lot of speculation written into it. I would have said this looks kind of like a biotech stock from the monthly chart. And even this big move up, where does it close today? It's $1.70. I can just tell you this. The FDA approval, that's something completely different. But just on a chart pattern, the way that this 200 period moving average has been on the daily chart has been such a magnet. It just says it's going to need a lot more. By Monday, this coming Monday, that's two and a half sessions time. It needs to be trading above this candle right here on the 23rd of August, it went to 186. So that's what I'm saying for you right now. It's not showing me the, these sudden pop-ups in a biotech are very mysterious and you have a lot of trepidation looking at them. But it is nice action today, absolutely. And all I can say is if it's in this particular field, EpiPan, if it's a competitor, yeah, you're right. Absolutely keep your eye on this because that's a huge field. All right, but oh, and the other thing is at any point in the next week and a half, let's call it all the way through the end of September, if it closes underneath 137, if it closes under 143, then you got to consider that the load was made on the 29th of June of 133, that becomes a target. It doesn't look like it wants to do that right now. It's really treating this 200 like a magnet at 1.60. Hope that helps you. Okay, so a couple of questions came in. Basil, can you look at some of the gold stocks? So look, ASA, most people don't have ASA. I'm originally from South Africa. There's a gold company. It's like a fund that has, I think, five or six gold, South African gold stocks. ASA, gold and precious metals limited, trading at 40.51. See, it's kind of stuck here, but it is trying to form yet another cup formation and it's up 21 cents at 40.51. So let's just say, not just by the end of the day, but on Friday, and that will really change the monthly chart from being an H pattern to a more positive pattern. I did draw this in as a potential earlier where it goes from an arch formation that makes a cup formation, but these three candles are very weak. So I'm just going to change this right now and I'm going to say, there is a potential to move higher, but unless ASA actually closes above, like the 50-year moving average if it closes above 15.80 in the next couple of days, that's a much better action. I'll be back to look at a couple of things. So Fuzzle Jeff and Tiger Technicians are guys up 152. You might think that if you want to be successful at trading in a 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 Basel 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 Basel Chapman and your inbox every day. 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. 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. Adding stock options to your portfolio can be a major game-changer. But the full complexities of these instruments can oftentimes allude even most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN. Educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV. Yeah, so I had a question about RCUS. This also kind of looks like a biotech. Let me just see what it does. There we go. This is, what is it called? Can't see it. Arcus. Can't even see it. It's just too faint. I must figure out what to do about that. Is this the biosciences? Yeah, Arcus biosciences. I said it looks like a biotech stock. You see this pattern? It looks exactly like the one we were looking at just a moment ago with that big spike and it's given it back with an arch formation. So I don't know if you're in it or not. I would keep this on my list because look at the way it made it peak. A, B, C, look at the rhythm. It means that they're giving, it almost looks like they give options every month. They give out options to their employees to keep the business afloat. I'm going to do a little more work on this. You see the 200 period moving average of 21.04. It's like a magnet. It goes above it. It goes below. It's like a sine wave. It just keeps moving around it. Let me come back to it tomorrow. I don't see anything right now and I would prefer to have, the technicals right now are weakening but it's not like it's so weak that you'd want to shorten anything even though it's a $21 stock at minus 16 today. I'm going to hold off on this. It's a biotech stock and I want to look at the rhythms. I'd say another one week and then I would actually start to consider a buy because every fourth week or fifth week it has this big spike to the upside over the weekly 200 period moving average. Let's give it a day or two and I want to put in a review Thursday. Remind me Thursday and Friday and then early next week. Let's see if it's got that rhythm. Before we go, let's just make it as simple as possible. After the Fed speak let's call it at 3pm. If at 3pm the Dow is over 130 points higher or 130 points lower it's giving you direction. If the dollar moves back if gold moves up down shorting that chain.