 EFNN the Tiger financial news network update. Good morning everyone Basel Chapman here Tiger financial news network market update on this Tuesday, 12th of July. Now I was down very sharply earlier on that I had a big rally and screamed up to 31,300. Now it's a 31,179 up about 7 points. For a moment yesterday and for a moment today we saw the 9 period moving average just flip over green above the 14 period moving average but it's back to pink. So we have to wait to see if that's going to turn and once it turns up that's a that's a pretty good sign. Looking at the S&P. S&P is now down 13 was down very sharply early on ran up to 38,73 and now 38,41 down 13 points. It too was saw that little green momentary move to the upside yesterday and today back to pink and we really need to see it if you're going to have some kind of a rebound here you're running out of time you're running out of price it's really important by the end of the by mid-afternoon you want to see the S&P back above a plus 10 and rather than minus 11 as it is now and we're going to go to the QQQ. Now this is slightly different it's down to dollar 48 to 287.60. It's still green but this pullback underneath the 9 period moving average is not so good. You want to see the height today of 292.28 being tested and actually being broken to the upside. Today is young anything can happen IWM is the Russell 2000 171 what we are going to look at here is gold and I said to subscribe to my opening call that gold has been holding pretty pretty well when you consider what the dollar has done dollar at all time highs at least multi almost multi decade highs so this is this is kind of impressive just in terms of its internal strength but not impressive as the chart pattern goes it really needs to get to the 1775 area and it's a 1728 down three right now let me just show you the dollar the dollar right now is dollars pulled back just a fraction from the intraday high and here we go just as the as we're about to close I'm going to be doing the tiger technicians hour in a moment hopefully can state that you're really interested in the gold from Sydney's different patterns dollars down 12 cents and 108.05 I'll be back in a moment for the tiger technicians hour hopefully can state their program and hold the day through see you in a moment.