 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. On this Friday, the 7th of October, oh! That was down 503 at 29,424. We had the spectacular 1,500 point move from 28,715 a week ago. Right into Wednesday and Wednesday we hit 30,454. We are now 1,000 points lower. We're at 29,429. So this is not the end of the world because I've seen these patterns before. Instead of making the dreaded H where you make this arch formation fade at a peak A or B, we've done that quite a few times, especially since the August the 16th high of 34,281. So in this context, let me just do this real quickly. Those H patterns when they fail at a peak A or B and take out the left side low can go quite a bit lower and we've seen that once, we've seen it twice, seen it three times, we've seen it four times. This is now the fifth time. Normally when you get to the fourth or the fifth time, you make a much larger arch formation and if it doesn't take out that low within I'd say maybe two times the number of bars that went up. In this case, it was three bars up. So that takes you about six bars. It takes you maybe Tuesday or Wednesday next week. If it hasn't taken out 28,715, there could be a case made that now you could get the lower case H. Gosh, I got to do this because I know there are always people that come in. Maybe have not heard me before. I don't know much about the Chapman wave methodology. So let me just do this real quickly. I look at three patterns and you can just see them right here. Let me move this to there so you can at least see them on the left side. Straight line up green, straight line down red, cup formation or arch formation. So it's three basic patterns straight up, straight down, cup formation or arch formation. Now the cup formation could be a V, but it's going from one point down back to that point. How do you deal with the left side high? And the arch formation going from one point up to the back to that. How do you deal with the left side support? It becomes a dreaded H when from a sharp move down, especially if it goes to peak A or B and then fails. Only after one peak or two peaks and takes out the left side low, very negative. On the upside, if it takes out that left side high after a sharp A or B, yeah, that's important. But I use technicals on the downside a lot more and chart patterns than the notation. Although I like to have the notation because it tells you about speed. It also tells you about the determination of the move down. So that's important, but if you take out that left side high, you can go a lot higher. All right, so we've got those patterns out the way. Now let's do this. You've got peak F and the chart move. Oh yes, the next thing I need to do just real quickly. You try to identify the lowest low bar and you really count each successively higher high, alphabetize it, uppercase letters on the way up, lowercase on the way down, and each one's counted. Peak A is your first peak B is your second peak, peak C is the third. It's got nothing to do with A to B equals C to D. It's absolutely completely different. It has nothing to do with the other wave. It is just a very simple technique that says higher highs invariably can go all the way to G, but at D it could recycle to another by mode, but at D other things can happen. The target in the chart wave is if it goes from a by signal, upgraded to a by mode, you anticipate there should be at least a peak D, and it's just as simple as that. So here we go. We got your peak F at 34,281 back in August. It pulled back then on that bounce we shorted, we're still short for the intermediate term. In the very near term, we bought the low on Monday. We've taken a little bit off. We've taken something off and it's gone to peak A and that's why I'm watching this very closely. And that's also why I'm saying because the MACD is finally cross positive, the nine period under the 14 period is still very negative, but it could make a W formation and the stochastic actually ready to 54% not bad. On balance volume has been telling me to be very careful because I needed a follow-through by today to make a new recovery high. We haven't got that. So I've got that out the way. The weekly chart you see we took out the left side low of 29,653 made in June and I said I would discuss this today. I wanted to wait for Friday. I couldn't do it into a week yesterday. Now we're much closer to the end of the day. So with that in that context, what I'm saying is that the monthly chart has gone to a leg C and if the 28,715 low on Friday is not taken out in October, that becomes a trough C if it gets taken out by one penny. Even though it's 28,715.85, if it goes to .84, that extends leg C down in October. So this is a really important moment for many reasons. So I'll discuss this in more detail when I get to the S&P soon. I'm going to do it right now just in terms of the near term. Near term we're down 75 or 36,68. Island reversal up, island reversal down. Well actually it's just an island reversal down. And this is really important. Here again you've got the large arch formation, fail to the peak B, B-minus, MACD's negative stochastics at 18% in the weekly chart. Not good. Nine is way under the 14. There's a lot of work to be done. I've been saying all week that you probably have to see much higher prices for the nine period in the daily chart actually cross positive and turn green in the daily. Now let me just do this because it fits our timeframe. This opening segue, this moment of where I do the analysis. Also you can see I've got Obama, Trump. That's just because I like to see what's happened during the various presidents. Most importantly we've had a trough B and then we can get a trough C. But when you get to a C, there's only one time back in October of 2011 that that just took off and you never saw that again. Most of the time when we get to a C you could have a decent following month. But then you must anticipate there's a really good chance of going to a D. I'm going to discuss that more in detail maybe a little later on, but I'll discuss it all next week because how we come into Tuesday is going to be so important. So with that said, the cautionary step, for subscribers to my opening call, we've raised a huge amount of cash. This is one of the smallest long positions we've had. And within that context, let me show you something here. QQQ NDX 100 trading a gap down. This is an iron reversal so far to the downside. It was one to the upside now to the downside. You've got until, as I say, Tuesday, I'm going to extend it maybe to Wednesday, but if 267.10 the low on Friday isn't taken out, there's a chance you could make. Oh, I wanted to show you the chart with the H because the lowercase H can become a lowercase M and merely trade sideways for a while before, if it holds the base, the horizontal trend line, that means that the camera running to the upside is quite strong. But if it fails, that's a big negative, especially in this large arch formation, if this fails and we go below to 63 in the QQQ, that's just suggesting something much deeper is unfolded. I'll be back. Basil Chaplin dows down. 419 for real. This to gold owns and operates the undeveloped gold project in Australia, the Mount Todd Gold Project. Mr. Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. 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And one of the reasons is, no position, just watching it because at some point, the 162.48 low of June has not been taken out. I went to 163.28 in a successful so far dreaded H pattern from a peak B. There's no big B minus because it's still in play. And we didn't go to a leg seat down in the monthly chart. We stopped just a point, a little bit over a point above. So, no, less than a point. So there are a number of factors here that are telling me this is all a process. So the process is how do we hold the June lows where most of the indices went below, a bit below the June lows? How does the H pattern formulate in terms of the whole month of October? Where do we go and what's leading? So I'm going to get to that in a moment, but let's just go on to gold. Gold has had a very strong move from the continuous contract right about 16.20 to the almost 17.40. Trading is 17.06 not bad at all. Single leg A up and then just to pull back, honestly, I like that very much. It's a leg A stopped dead at the 14 period expedition, moving average in the weekly chart. It's done that before, but the technicals now are just a little bit better than it was at the rally in late June, early July. That lasted four weeks and then failed. So I'm going to be monitoring this closely. And the monthly chart is still not a very good looking chart at all, but it's what happens in the near term. In other words, it's like anything, when you're turning the corner, if a speedboat can turn around very quickly, a super tanker takes forever. Our economy is a super tanker. That's why it's taking the Fed so long to really do anything. Fabulous program earlier on by Tommy, talking about interest rates about the Fed, the obligations, what they said, where we are really nice, give us a good understanding of the implications. And that's really important. Silver is pulling back sharply down 39 cents at 20.27. Spectacular move that peak D underneath the 200-period moving average. The further away we go from the 21.46 200-period exponential moving average, the longer everything else takes. So that's the silver looking at the dollars at a really strong move to the upside from the 110 level, 114.78 was peak D. And that peak D is still in play. And we pull back. I haven't yet put a down arrow because the nine-period moving average is still so strong above the 14 in the daily chart and definitely in the weekly chart. So we just remain along the dollar. I think this is the icon. This is the place that money has just been going to around the world. And that's not just mutual fund money or anything. These are countries. This is big money that goes into the dollar, just like bonds. Talking about bonds, look at this U.S. dollar, sorry, U.S. bonds pull back. It's almost at the low that was made. Remember it made this double bottom low in the monthly chart. I think it was last Friday, was it? Yeah, I think it was last week. We were looking at it and I said, this is going to be key. 123 is a continuous contract. I call it 123. It's probably changed again. Let me just check. Yeah, 123.30 seconds. It was the low in October 2018. Spikes up all the way to the continuous contract. So it'll be the current price, 183. And 1830 seconds in the monthly peak D. Chapman week peak D is where that's where you wait a moment, hold you, put your foot hover over the break to see whether or not a caution light is going to get you red to stop or whether you just turn green again. And sometimes you do that. And like the US bonds went on to ease and went on to eat in 2012, pullback sharply started a brand new move to the upside went to e pullback sharply went to an alternate count F slash F slash B and G slash C and then failed around about July of 2016 and came down to the October 2018 of 123. So 123 was important. And what do we do? We hit 123 the other day, bounced a little bit. And now we're at 125 and 10 30 seconds. And the trajectory just visual trajectory of these red candles like a weekly chart says at some point you should get a green candle. But I don't want to go to it now. My three, my triple weekly, but I will go to the TLT and show you that that's slightly different. The TLT went to 100 point 90 and today the low is 100 point 47 late after the downside dreaded H pattern fails at a peak B. So that's what I wanted to show you how these things work. Now a couple of things are going on that are really important. I think that based on the VIX index and it has a question. So I'm going to get to the questions and just in a brief moment. So the VIX index is trading at 31.08 it is still in the lower part of the down channel. There's a little mini down channel that I call the inside track traveling inside track repellent zone. So this is a potential Roman candle as it stands right now in the weekly chart. There are a lot of implications. I'll try to get into the implications later on other interesting Friday's close today's close is really important for the weekly chart of the VIX index. If it closes towards the high, the high today so far is 31.76 if there's another big sell-off down's down 4.15 SMB is down 68 if there's another big sell-off and the 31.76 high today is taken out and we pull back that means that the VIX index has a chance to actually close towards the upper part of this particular channel and if it closes above it's today right above 32.40 32.40 that's a big move up it means there's about another 200 points down if that's the case in the market in the down. That says it's closed above this trend line the green trend line for the very first time since it made a high back in January of 38.94 I'll be back in a moment I think there's going to be a break is there a break is a break I'm waiting a say okay let's just while I'm waiting a question came in for MS MS OS MS OS is the advisor shares pure US cannabis sector so you see this huge spike that happened yesterday was that on the news was that also president talking about the the convictions just eliminating that well let's just go to MJ MJ is the MJ is the alternate harvest ETF cannabis sector had a big spike giving back some of this I think that what we're looking at here is this is exactly what this kind of market does searching searching searching for sectors will this particular sector land up being in play meaning higher highs and higher lows in October and all I can say is that it's that it's really risky because every time there's a huge spike like this is this peak peak peak back in August and a promise from the 50s down to the 450s so all I can say is I'm going to do a little bit of work during the break I'll be back there's a lot of questions we can look at on computer we can look at XLE I'll be back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds DXAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn is excited about our new software the art of timing the trade charts in collaboration with Tom O'Brien and using his best selling 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stocks Duffy and the Den did this whole thing about Dexcon DXCM I followed this company just as a chart basically it's a leading real-time continuous glucose monitoring for people with diabetes I have type 2 I've had it for a long long time very well in control but I followed this company because it's a very well automated thing and I remember writing typing it I I've got it somewhere but it isn't on this particular chart for some reason the CEO was interviewed at 164.86 was the high November of last year now I don't know where I had it but I especially wrote it down what I do very often is when the CEO is interviewed by Kramer and by chance I happen to be listening to it I type it in I don't see it here did I I must have lost it all right but it was back last year it was somewhere around I know that it had just made the top and Kramer who's always talking about these companies who do incredible work in the medical field has nothing to do with the price of the stock just they do incredible work had the CEO on it was somewhere around 100 I remember saying oh man it just made a top of 164.86 in August of this was November the 18th back in 2021 and somewhere around here the guy got interviewed and he was talking about it and they were just unbelievable they're doing this and they're doing that and I thought well this is a great company but I've got to watch it when it went from 150 first of all it went down to 88 it went to 91 then it went to 32 then it went peak A, peak B, peak C peak D and peak E failed again made the dreaded age pattern look at the symmetry bar symmetry is just uncanny I mean when you learn how to do this it's really remarkable and then it went down to a low oh it did type that in triple bottom low back in May that was on May the 25th and it continued for a whole month at that low of 66.89 a really good rally it went to a peak at G and then it made this double top look at this right here right here and look at the way the stochastic failed so quickly and the price came back made a lower low now there's a gap up right at the 200 period moving average since orange line is it's been the closer it gets especially on the second round towards that it always is like a magnet it makes a W formation here and it spikes up on news obviously today is trading up $8 at 103.21 at 8.4% but isn't interesting so it went from the 150ish area that's called 140, 150 down to 166, 168 and now it's at 103 but that's after the fantastic report I mean I could show you this on Shopify I can show you this on so many firm utility I can just give it to you where the CEO's right at the top were just they weren't bragging they were just telling you what they thought was happening it was fantastic for their company and boom it comes down so in the daily chart in the weekly chart it's gone to a peak A C it's a leg C and this is a very strong company the move today is really good so I just wanted to show you I thought it was interesting Duffy gave it really nice diabetes unfortunately growth industry correct a growth industry you would not the number the percentage of young people that have diabetes but you see them I mean I see them here Newton North High School just down the road and there's all these CVS's and all that and food places and they just eat I mean they eat you can understand it when you're young but they have high they definitely have diabetes numbers so okay now let's go back so the question came in could I also look at GTBIF GTBIF so this is the same thing this is now this is called green thumb industries huge move this is a little bit better chart formation leg C in the weekly chart it's gone from the let me just give you the numbers right here it's gone from a low that wasn't the real low the real low was at $7 and on the 5th of July it went to $7.72 and then it had a peak C C1 remember this is a technical Friday so peak C that then pulls back and just fails to make a leg D but the technicals all indicated there was enough strength to do but it just failed to do it I call that an alternate count C1 C2 acting like a D and you can get a sharp pullback which you did then you get a brand new bi-mode that says peak A gray A but now you want to because the 9 period moving average is still very strong and the mag T never turned very negative you want to either continue the count or just keep alternative wave counts so the alternate count is D-B and then E-C at the high at about 14 the exact number is 14.00 round number high it has a little bit of a dip from the round number 14 to $8.90 September 30th bounces very sharply by the 4th of October it goes to 10.83 pulls back again looks like it's going to fail and yesterday it was failing miserably all of a sudden the news came out I guess about in the cannabis sector and G-T-B-I-F green thumb industries spirals up to the 200 period moving averages goes above it closes well below and today it's working its way towards 14.21 it's up 49 cents at 13.64 out of what we were looking at this is a better chart pattern but I also want to say individual stocks you've got to do your homework because in this particular area the individual stocks are all over the place and we just see C-G-C you see look how it's given back peak A peak B peak D what's D tell you D says be careful last time I went to D then quickly and E and then failed in the 440 area plummeted down to the 247 ish area and now to even low and now it's going to peak A peak B all right now I don't want to take too much time in this sector but the question came up so I did it so it's gone to a leg D it's still called the leg D until the day is done so if it doesn't go above yesterday's high so it's all individual stocks and what I would say is rather if you haven't done your homework rather just be take the generic thing you remember I once had the marijuana the MGH kind of the MJ and we had huge huge gains we haven't been in this for a long time I'm beginning to think in this particular market this is an area that I want to become interested in I haven't done that yet for subscribers it's at 533 the MJJ this is probably a safer way to do it and also more risky safer way in the sense that you're not taking individual stock that can spiral up or just crash you just in the generic sector cannabis sector ETF I'm holding off right now I'm just saying the best is the one that you had mentioned asked about and that was GTBIF GTBIF there it is and it's holding quite nicely today and this is a better chart pattern at 13.66 but remember high risk high risk high risk GDG okay so here's the question could I look at on technology I've spoken about this before I've said it's held on semiconductor corporation intelligence sensing data and power solutions my suspicion is that it's in an area probably likely to do with automobile is of all the sensing that is needed I think it's still in the dangerous area so at 66.75 I would just I don't know if you would see you entered or anything like that I'm looking at it yesterday it looked quite good with today's action almost $5.65 hold off we're looking at it again maybe by Monday 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 reviews 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee 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 smp 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 866-4767523 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 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 well folks I'm going to take too much time about this now because there are a number of other questions but I wanted to show you how this symmetry in the market is I call it bar symmetry it's just it's an incredible way of looking at markets archers and cups archers and cups left side right side price time match sometimes you get the price sometimes you get the time but definitely if you look at the number of bars on the left you can see the match on the right look at this I just scroll through and peak D in the Chapman wave how many D's there was a D just before 6.50 this morning in the one minute E-mini peak D again at about 7.12 then it pulls back to the 200 period moving average unbelievably easy things to do there's nothing you have to do it's there and then a peak D again at about 7.53 pulls back and then it goes to a peak whoops see it goes to a peak D at 8.20 as we're getting closer to the market and then it suddenly pops to an E pulls back and then as the news comes out it goes to an F and plunges look at this 200 period moving average it was incredible support and right through it goes down to 37.11 the E-mini bounces up to a peak B in the dreaded H pattern and then turns around and takes out the left side now goes to a chuff C then it goes to peak A B C D again and I didn't I had a plus sign but then I was about to I was getting ready for the show so I didn't do anything and look at this peak D a beautiful arch formation of what does it do it takes out let me just let me just draw this in without showing you the other side so we're going to go from there to D and then all I do is a measured move you don't have to have the rack tangles in you can have a straight line maybe change the color make one dash and one straight and look at this it goes to is this not incredible I can have all these techniques in the world you can have all these programs it doesn't matter look at this vertical line right there and look at the measured move and it took it out on the left side to the right side from the midpoint perfectly at 944 or something like that and it kept going down I haven't had a chance to draw anything in here but yes you peak A peak B peak C and it went to a peak D pull back this time it's held way above the left side high so it says maybe now you can look at the cup formation and that we start to balance towards left side high these are techniques I wanted to show you this very quickly the high is 3692.50 at 1024 and we should be getting close to that very soon now what I wanted to see show you is so Jason I believe you call about your text about on I'm just saying hold off on these semis in the whole area there are some really good-looking semiconductor stocks in terms of how the others have crashed and they have held very well on semiconductor is one of those there are a couple of those that have done that but just at the moment I'd say be careful and just real quickly poor yes TBT window I've been discussing this it's not that I don't understand there's nothing to not understand we've been talking about this forever that the Fed says they want higher yields and you've gone to a peak E in the TBT pullback and now you've tried a double top you've gone just I think a hair above and this is a GCSE in the weekly chart and my monthly chart says that it's gone to a leg D and there are still high levels on the left side that we can look at so TBT continues to be in play even though on a very short term basis it's a tad overboard and the high that was made on the 26 I don't want to run out of time 26 at 32.92 today's high is 32.94 so I'm calling this just for the moment could be an alternate count but I'm calling it a peak a leg F to the upside F is where you start being somewhat cautious and you say is there a chance that you have an instant restart somewhere well lo and behold you do have an instant restart right here that means it could be from a peak D within three bars you make a higher high you have to consider that there's an alternate count so I will call this F slash B and that's as simple as all there's nothing else to do okay now XLE a lot of questions came in basically doing analysis of the XLE you've been talking about it all week do you have a position unfortunately I do not have a position for subscribers I'd be wanting to but it's one of those that you either have to close your eyes and just grab it as it was going up because it was the only thing that was really on fire and most importantly the stochastic in the dead he said 89% this is the S&P select energy spider fund I've been talking about how the monthly chart is how so beautifully I spot it was so easy to do I spoke about easy and I never did it you know sometimes we get carried away with other things but look at this chapwave inside first of all this magnificent up channel in the weekly chart let me just drag this across here we go magnificent okay I have a chapwave inside track propellant zone that's been on it's just been working like beautiful like a doozy they used to say at 45.12 the week of the 20th of August it holds and then it goes higher and it goes higher and it goes to a peak D right there underneath the inside track repellent zone in the up channel back in the week of the 11th of March at 80.22 peak D then it has another inside by that goes peak A peak B peak C and it goes to D outside the up channel resistance and then it has a very sharp decline from the 80 from the 93 331 high of the week of the 10th of June in four weeks, five weeks, four or five weeks it drops right down to the red uptrend line of the chapwave inside track propellant zone at 65.48 and yet it's trading almost 20 points high it runs up to a peak B pulls back tests the line again last week and I was talking about did everything except didn't buy it because that was the perfect buy even if when it crossed the 200 period moving average is at two big gaps of course everyone talks about gaps and says I mean this is incredible island reversal in the daily chart it's had gaps two gaps to the upside and it's gone green the only green bars from the 28th I think it is of September oh yeah well September 28th yep 28th of September green candles nothing but green candles is it getting toppy well maybe it is but maybe crude oil crude oil is doing the right thing it's going to the chapwave inside track repellent zone in leg B it's still it was a great leg B now I can call it a buy signal because it's the casics at 87% that's really strong crude oil is up 274 and 91.19 that weekly chart it's still not great but we've really done a tremendous amount of work to resolve the dropping below the low that was made back in I think it was May was it May yeah no it was March week of the 18th at 82.75 we went below it we've been the continuous contractor about 76 and we are at 91 and this is now a brand new gray leg A in the weekly chart now let's go back to the XLD because of the things I wanted to show you look at where do we go look at this arch formation and if you use the same technique I was doing before from this low right here a day later it broke that below it I'll be back in a moment because I'll be back the path of least resistance David White's trading newsletter The Path of Least Resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30-day money back guarantee take the path of least resistance at TFNN if you 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 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 Bazel 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 Bazel 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 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 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 this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com yes so let me just question came in answer it right away eqt which is eqt core natural gas and hydrocarbon trading up today since 4432 where could I re-enter this is a person who's already had understands it very well I said right here but it must hold the 42 is it 44.33 right now that might be too big a stop about 5% but it's a starter position and if I can spike over 4601 by I'd say real soon by Tuesday Wednesday without taking out this 4344 right now without taking out 42 support I think that it harbors well and all goes well for the weekly chart which has got a 9-period moving average over the 14 to go even higher so let me just do this I didn't do even half of what I wanted to do I wanted to show you dozens of these arch formations and cup formations that are just a beautiful left side, right side price time match this one's a little longer to the downside XLE and drop sharpening now it's going back and that says that in the relationship of time it's got a long period but then because of the speed I would find a different bar in which to look for the left side right side price time match and that just says to me by Tuesday of this coming week the XLE should attempt to get to the high that was made on the 29th of 85.18 it doesn't it sounds like just two points you know what it's had such a huge move this is where you should start to stall if you look at the 120-minute chart it's got a g-stache so for those of you technically this is what I wanted to show this is an exact left side, right side price time match to the high that was made at peak C1C2 at 11.30 on the 14th of September at 82.85 so it's accomplished that already in the exact price time match. Look at this beautiful cup beautiful vertical plum line right there and you get it exactly now it's a g-stache C let's just go back make it then back