 Let me just go back to this. Oh, I haven't got it. Let me just put it in right now. Just being a very busy morning at a zoom meeting up until just before my show. So now I'm trying to catch up. I'm trying to catch up. I'm trying to catch up. I'm trying to catch up. I'm trying to catch up. I'm trying to catch up. I'm trying to catch up. I'm trying to catch up to everything. Let's go to right there. So I made a big deal for months, weeks and weeks and weeks. Now it's going on for months about the the indicator of last resort. That is the 914 moving average. So crossover that is. So within that context, what have we got? Right as we are looking at the charts at this particular moment, I'm looking at, come on, what's going on? A little slow there, huh? A little slow there, huh? Maybe it'll hear me. There it is. So what we're looking at here is this is the Dow. We waited and waited and waited for the for the green to go pink, meaning negative on the 914 crossover. We used this peak right here on August the first, using a different indicator in the Chapman wave. This is the conglomerate, the overall umbrella that I use as a Chapman wave methodology. We used a particular indicator to get us that exact high on August the first to go short the Dow. But we had to wait and wait and wait to confirm that there was a cell signal to a cell mode by this pink 9-period moving indicator. And what happened was just for one day, there was this big pop-up the other day and I said, I think that's temporary. We're staying short and look what happened. It went pink yesterday and today it's pink again. So within that context, look what we've got for the first time and the day is young. I mean, not even an hour intercession, 37 minutes or something like that. And what have we got? We've got a pink 9-period moving average in the S&P. That means that I'll switch between each one. So this is the white background. Here's the white background with the daily weekly monthly charts. And look at this, S&P, arching over, went pink, day's young, it could change back to green again. But in the meantime, that weekly chart is so important. Look at this, the vertical line from this mid-July high at about 40, what is it, 40, is that 46,000? I should have put that in. I was at 46,002 or something crazy like that. 46,007.07. When we went to the recovery high at 45.07 on the 27th of July, look, here's the weekly chart. Look how weak the MACD was. Look at the stochastic. The on-balance volume, even though it was positive, was way under the previous one. But the determination of this, determination, yep, the determination of this 9-period moving average in the weekly chart still hasn't got even close to being negative. So as I've said before, it's going to be, you've got your little rudder, you've got your little speedboat that makes the quick turns, then you've got your bay cruise ship that goes around the bay that makes turns but not that quickly. And then you've got your super tanker. That's the monthly chart. So this just says, it's taking a while for this intermediate term, the weekly chart, to cross negative. I don't even know if it will. But in the meantime, we have to use the dating. The dating says, down 21 at 44.32, the deeper it goes down today and the day is young. We can still have a pretty decent balance. We're going to be watching the distance, the aperture between the 9, the 14-period moving average and the dating chart. Look at this. Oops, I didn't want to go there. That's the intraday. That's the intraday. Look at this. Yeah, you've got the S&P, just turning pink. You've got the QQQ, just turning pink as we speak, down three at 367.67. So that just says, you've got an arch formation occurring right here in the dating chart. This is a dating chart. This is the QQQ. The gray line is the intraday action of the QQQs. 9 is the 9-period exponential moving average, 40-period moving average. And it just crossed negative. Day is young but so far it's rolling over. You can see it right here in the day. But look at the weekly. Look at this, the dating chart, just making a rather large H to M pattern, and you've got a potential. I'm going to draw these in now because I like to be ahead of the game. And that just says, there's a chance that you're going to get a lowercase H. But if you take too much time, you're going to hold steady here and you're going to have a successful test of the left side low. In this case, that's the low of, that's not 4335. That is the low of 4335, 0.31 in the QQQ, in the, oh, I'm sitting here at the S&P. All right, we're live folks. Basel Chapman here. That was a pre-recorded show from earlier this morning. I just pinch hitting right here. This is usually where I do an interview with Tom O'Brien. Let's just run all these numbers. I'm going to go through the Dow as it stands right now. This is live at 3.12 p.m. in the afternoon. We like to do live shows here. Dow industrials, down 161. So let me go through this one at a time. So you've got the channel wave inside track repellent zone. You see this green line? There's a little mini channel right here, down channel, diagonal channel, and the pink line. Well, not only did we get repelled from this line, I called the inside track repellent zone on the way, if you're trying to rally, break to the upside. And if you go above, then it becomes a support line. But here's the most important thing that I was talking about. And I spoke about this when we were a half an hour into the session this morning. I said, ha, look at this. I called the indicator of last resort because the one that really waits and waits and waits to confirm things. And lo and behold, look at this, the 9-period moving average below the 14-period moving average, again, just says that the buying pressure isn't strong enough until you can get that green and with the price really in the Dow in the 35,050 to 35,100 area, the S&P. It's the same thing. And we've gone all the way from 10 o'clock this morning until right here at 3, just after 3, and here's the S&P. You see the S, this is the 9-period moving average below the 14-period moving average, saying this H pattern is viable and that we could be going down for another couple of days. Maybe the Fed's going to say something. I'm not sure about that because the Fed is kind of stuck. We've had some very good, even if you're looking at the housing sector, there are still some parts where the housing sector is still good. Look at this. This is the 9 under the 14 in the QQQ. It went pink. That doesn't be so hard. It goes pink. That's the end of it. It means that right now it's gone back to that selling pressure. And that's what we're looking at. Look at the IWM. So the QQQ down $1.68, that's $3.68.98. Here's the IWM down $67,181.72. And that big rally back in the very first of September, the pink remained pink. The 9-period moving could not go above the 14 to go green and a deflacted lower. Let's look at gold. Gold is trying to rally. It's got to move above the 9, but the 9 hasn't turned green. It is so close. Gold is unchanged right here in 1952. This is the continuous contract. Look at the silver contract. SI, this is the silver contract. What do we have? We have the pink. It's much stronger in the negative action in the daily chart via the 9-14, then the gold. And it's saying, now go just live to this on this chart. Yeah, you can see the gold and silver. I'll do the silver. This is the daily. On the left, this is the weekly in the middle. And the monthly on the right is go from the right. This is the monthly. And it just says it's stuck in a trading. It's not negative. It's just not positive. It's just stuck, stuck in a trading band. Look at the weekly chart, how this orange 9-period exponential moving average. This is the 200-period exponential moving average. It's like a magnet. It can't break and hold away from it. So that says, even if it pulls back, it should come and retest that. So it says stuck in a range and you can see this inverted V-shaped pattern. And the trap wave would go to a D, D's where other things can happen where you can get your deeper sell-off. That's a peak D in July, pulls back sharply to the low 22 area, spikes up to 25, peak D, long-legged doji candle, comes all the way down and just briefly takes out the left side low. So silver struggling. If you look at high grade copper, high grade copper sideways action making the pattern that I call the lowercase H to a lowercase M. In this case, it's just the H formation. There was a much bigger one right here and like an inverted V, but it's basically going from one point to see that up arrow, the little yellow circle to this particular low right here. There's your first arch. There's your second arch, a little stop dead at the 200-period moving average in high grade copper. Look at crude oil. I mean, this is what is the Fed game to do when you've got crude oil going almost to today's high is 92.43. Just have a look at this. This is the weekly chart. I'm stretching it out. Here it goes. Whoops. Look at this cup, beautiful cup formation. And 92.81 was the high that was made back and I think it was in October, November. I think it was last week of October. No, second week of November. 92.81, continuous contract, comes down for a double bottom, comes right back. This is called the Chapman Wave inside wedge target repellent line. It breaks, just stops dead last week. This week it goes above it. The week's early. We're not even, we're just two days into the week and it's testing the 92.81 area by going where? Through 92.43. We've seen so many of these double tops and double bottoms. Talk about double bottom. Have a look at this, the TLT. This is the bond. So now Fed's coming up with FedSpeak tomorrow. With the momentum of the yields pushing higher and the momentum of the bonds, this is the I shares 20 year treasury bond ETF. Now the bond ETF basically is now toll free. Got a break. I'll be back. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude to 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 4pm to 5pm Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. 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Let me just make it as simple as possible. Using the techniques that I've just announced a few moments ago, the TLT has made this cup formation, and it's really imperative that it's right at this moment in the 92s where this is where you could see a bounce. I'm not sure a big reversal, but at least a bounce away from the lows in the TLT. It's absolutely imperative. Look at this. We've got many patterns of this dreaded H pattern, the one where it comes straight down. Radies fails at a peak B, takes out the left side low and goes low. It's done this over and over. This one did go to a C. That implies that there are times where if you go not to a B, but to the third or fourth highest peak, and then arch over, that you've used up internal energy as well as to weakness so that you've kind of ameliorated all the other aspects. That means you can try to make a cushion. It's not a trampoline bounce, but at least some kind of a support level just under the left side low. In this case, 92-23. My suspicion is, even if we get down to the 91-50s or the low 91s, we're ready for a bounce in the TLT. If you look at the TBT, TBT has gone almost to the left side high of 36-44. We're just a couple of cents away at 36-09. It was a little high yesterday. That could bounce a little bit more, but this is the yields. This is the ultra-shortened 20-year Treasury Bond yield. Then if you look at the TNX, there we go, the TNX. That has gone. Today's high is 43.65. 43.62 was the last high. And this is peak A, peak B. Maybe it's a C. Maybe it's an alternate count. But most importantly, this is exactly the area where if there is a close above this left side high that was made on August 22nd of 43.62. There is a close two out of three sessions above that. And look what we've got. We've got a potential peak C in the TNX. That's the 10-year Treasury yield. Look at the cup formation in the weekly. That's a pretty powerful move. But the magnities are into stall. The stochastic is under 80 percent in the weekly monthly, but the weekly chart is still 86 percent in the stochastic. That's good. MACD is strong. 9 is way over the 40. That's just suggesting that the yields could go higher. You cannot rule out higher yields. Most importantly, if you put this together with the DXY, which is the dollar, the dollar at this particular moment is trading. What's going on? Why is it not going to the dollar? Dollar DXY. There it is. Click and there it is. Yeah. The dollar is the same sort of thing. Getting a little bit overboard. The tacticals are still very strong. I have to use the UUP because that's got volume in it. And the volume in the UUP, that's the power shares dollar. Well, we've been long this since 2018. In the 23, here it is at 29. We've already run it all the way up when the dollar went to 121 and then came back down. UUP stopped held, and then we ran it all the way up again, taking a little bit off. But look at this. We've done more than a one to one. We've done the Chapman Wave instant restart. We've got the falling exclamation. We've gone above the Chapman Wave inside track. Repellant zone is now propellant zone. So it's a little bit overbought visually, but the 9 is still over the 14. The price is over the 9. The 50-period moving average is strong. You've got the 200-period moving average way down in the 2835 area. The MACD is pulling back just a little bit, but still positive. Stochastic's flat at 94. There's nothing wrong. It could still have at least one more pop to the 2950 area. So as I'm putting it together, what I'm saying is whatever the Fed says, the market is kind of ready for a bit of a balance, but more than a bit of a balance, it's going to take quite a bit for the market to be convinced that the Fed is done. So I just thought, since this is the time that Tom usually interviews me, I'll just give it a quick summation for subscribers to my opening call. We are short using one of my indicators from the exact high in the Dow on the 1st of August at the 35,679 area. We remain short, and we are short the SMH as the semiconductors two days after the old-time high was made in 1617. We're short from just over 159 and remain short. I'll be back in a moment, Baselchaff is sending you for the one and only Tom O'Brien. Tom, I hope you get well very quickly. 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. 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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 and hit Watch Tiger TV. Hello, so you can see everything I've discussed here. Look, the 200-period moving average was a resistance at a peak D in the five-minute chart of the E-mini. That's the E-mini S&P. Here's your starting point. Look at the nice indicators how they all start to rally very strongly. The 90-went positive, stayed positive even on this dip. That says that this 200-period moving average of 44.90 becomes a resistance level days young. Maybe the market's thinking, hey, the Fed's going to help us out tomorrow. We'll see what happens. We can't predict. We can only predict that the market will respond, however it's going to respond, to the Fed decision. But even that is a nebulous thing because the Fed can make a decision but it's all the data that comes in on Thursday and then on Friday. But look at this. Look at that sharp move down in the E-mini 10-minute chart from the 200, look at that 200-period moving average resistance, resistance, resistance, boom, takes off and comes down, just failed to hit it on the way back up. Now it's kind of holding steady. So all I can say is that we're going to wait and see exactly at four o'clock. As four o'clock comes along, we'll be able to see, I can't see how it's going to do that. Look, for the Dow to now flip green in the nine-period exponential moving average, well, this is a Chapman wave Roman candle as we're speaking right now, a small one, but a small one, it still has the same characteristic. And what it says is that, let's just say it closes somewhere around here. This particular candle, and I'll open this up a little bit so you can see it better. This particular candle says, if intraday tomorrow for about 60 minutes, I'd say probably a little more than 60 minutes, if the Dow is trading under 34,420, there's a real good chance we're going to test today's low, and that is a low of, if I can find it somewhere over here, that's a low of 34,311. No, that's impossible. Today that is 34,311. I didn't feel that while I was watching it all morning, but to mostly focus on the S&P. So now what we're looking at is, if there are two closes above the high of the day, and so far the high is 34,597, this is just using the Chapman wave Roman candle as a kind of a guide. If there are two closes above it, then we should start tackling this inside track repellent zone, trying to move back into the 34,800 level. That's the way I'm looking at it, but it's the weekly chart that looks kind of soft. Look, you had this big move up, and now you're going sideways, even with the nine period over the 14, it says you've got time, it's going to take time to pull back and break down. So as long as it does that, it means that there's still internal strength, the same thing in the S&P. There we go, S&P, look at the weekly chart. It's arching over in that pattern that I call the lowercase H, but it's holding very nicely. Look at this, it went pink, days young, if there's suddenly a big burst of strength, I don't know what it'll take to actually get it to this S to disappear for it to still be a positive 914, but there's a chance days young, 27 minutes, anything can happen in 27 minutes. Look at the QQQ, same thing. It's pulled back sharply, got repelled, and here it is with an S on the day. That doesn't mean anything until the close. It's a closing bar, the daily bar, so we have to wait to see if that's confirmed. But look at the weekly chart. Yeah, it's gone sideways for three weeks, instead of the four weeks ago with that big green candle, which started this declining trend line. This is a pattern I call the falling axe. Look, there's a long line. This is the handle. This is the expanding blade to put it into technical terms. It is an expanding declining cone formation. A lot of words, right? Well, all it says is stuck in this range. It could fail by making the H pattern by taking out 360, and right now it's at 369.46, only down to $1.21, but it is basically not going up, it's just going sideways. I want you to show you that if I show you the XLK, which is the S&P Select tax sector, look at this big pullback. It uses falling axe formation to break to the upside. Now it's coming down, and that makes this particular line the support line. So right on the support line, the nine for three days has gone negative. Look at the H pattern that's forming. I haven't even been able to put it down arrow yet, because I need at least two closes underneath this black 14-period moving average, and that just gives a sell signal. A sell mode is when the green turns pink with lower lows. Hasn't done that. It made an all-time high. 177.04 was the high in the XLK, December of 2021. This last move went to 181 or 180. 181.46, just a couple of weeks ago, 181.46. These double tops are fantastic. We were talking about one just this morning in my show. It was mentioned Carvana. I was asked about it about a week or so ago, and I said, well, it looks like it once with the nine-period moving so strong, those automobiles or online auto sales, that it should try for a leg D. I drew in all these patterns that I do in the Chatham Wave methodology, the plum line, how you can use the plum line to gauge the number of bars on the left to equal the number of bars to the same level on the right, and I said 57.19 was the high back in July, and it's pulled back to the 37 area. Now it's rallying very nicely, but it should go to a D. What it went to a D, where? 56.80. How do these things know that it's just 40 cents away from the previous high of months ago? So, yeah, it is peaked here and it's pulling back. So, I do respect these double tops. If the SMHs made a slightly high 161.17, the last high was 159.42 back in November of 2021. So, I'm taking this very seriously. The pullback doesn't mean to say, oh my God, now we're going all the way back to the bottom. He just says, this is where it's kind of vulnerable to test, in this case, the 143 level, where it's hit that in mid-August and it also hit it back in June of this past year, 142.98. So, these are levels I'm watching very, very closely, and that's why I said that the TLT and the TBT, that's the inverse of the TLT, that's the short bars, the other ones along the bonds. We've got these levels that we need to, these are levels that are notable because they prove themselves as resistance levels or support levels, and if we take them out, in other words, on the resistance, if you go much above it, that just negates it. Now, you're going up even higher. Now, wait a minute, if talking about that, look at the EURUSD. This is the EURUSD currency pair. It pulled back in this particular pattern, big arch formation, the low that was made, isn't that fascinating? The low that was made back in the beginning of June, I think on the end of May, yeah, on the 31st of May of 1.0635, what was the low just four sessions ago? 1.0631. I mean, how close can you get when you're talking about July, August, you're talking about over two months, and it's gone all the way to the 1.25 level, and now it's come back down. I do respect these double bottoms and double tops, and that says this is also maybe ready for a turn. Let's look at the EURUSD JPY as we go to the break. Fazzle Champion sitting for Tom O'Brien, yep, there it is at 147.85. The EURUSD JPY is close to a new recovery height. I'll be back. If you're looking for potential trading setups in the stock market, then Rocket Equities and 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 and 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. 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I can see it and I'm going to emphasize this right now before we go to the final break. Look at the daily charts. The daily charts are in a different world to the weekly charts of the Dow, Daily, Dow, Weekly, Dow monthly. I don't even want to talk about the monthly because the monthly's are still holding very well. Look at the S&P and that's the reason why I've said I don't want to go completely to the dark side. I want to have a mix. We've got longs, we've got shorts. I just don't want to be locked into thinking this way. Look at the S&P, how nicely it rallied over 50% from the 45 or 7 high in July down to the 43-35 low in August and then rallied to 44-40s and now it's at 44-44 and it's still the day is young because everything is kind of coming back but it's still got the pink nine-peered moving average. That's why when you heard the recording earlier that they played as we started Tom's show, that was me from 9.30 from 10 o'clock this morning and I was saying at this particular time it's a daily chart. You've got to wait. You can't talk about until the close. I've seen bars change like that right at the end. I've seen June monthly charts absolutely horrible and on the last two days of June there's been these spectacular rallies. All of a sudden June closes up. I'm just saying that this is still young in the day and we'll see what happens. Look at the QQQ. Same thing. This is a little bit further to go. Oh look what it did. The Q's have reversed from being S with the S when I started the show meaning sell signal in the 9.14 indicator to disappearing and look at this. IWM is still weak. IWM let me just look at the NQ. Yeah the still weak. NQ is the continuous contract. Yep that's still S and that to me is we'll see what happens tonight because look at this. Now we're only down 19 in the Dow down 7. I think the markets anticipate oh I wish it wouldn't do that. Anticipating that the Fed is going to just say something absolutely glorious. I would have preferred if in fact whoa we start now pick a time snooze get out of that Windows update in the middle of the show. That's all I need right. So okay so as I said before the daily charts were weak. All the monthly charts have held extremely strong. So I'm looking at I call it short term but it's been weeks but it is the short term time frame. That's the daily. The more intermediate term is the weekly. The monthly charts something probably we have to wait until the end of the month. So as I'm talking to you you've only got the S&P down. Look at this. Let's go to the there we go. This is the the chart that made a peak C in the one minute chart. Remember peak D is your objective in a buy mode in any time frame. So this goes to peak C1, peak C2 and here's your leg D and I mentioned this in the den earlier on. I said the 44.85 areas key supported went just a little lower held above the 200 period moving average and now you've got a chance that you're going to get a leg C at this 44.97.35 well 50 cents because it doesn't trade in 35 increments. It's 25 increments in the 10-minute chart. Let's see what the 5-minute chart's doing. Oh I have to tell you that's why the market is so exciting. You just you never know and here's your little double top. Well what's happening is the bank D turned this a 5-minute chart of the E-mini went above the 200 period moving average pulled back and what's really fascinating I was going to talk about this and I said that's not waste time. I have a phantom peak in the Chapman wave methodology right here. This is this is a triple top normally if I get a double top and there's a little ictus a little nick in this unbalanced volume or the relative strength I will call that a peak only even because it travels in 25-cent increments only because I want to get to this high not expecting a C going to a D saying I'm anticipating a D and I can prepare which is exactly what it is. I got out and I waited and then I said well that's the alternate count 200 period moving average and went down it's made a cup a beautiful cup formation. Let me see if I can draw this in here. This is live folks I'm not making anything up this is the way it is I usually find the doji candle at the bottom I treat that as if I can as the fulcrum or the plumb line so I'm going to go right there I'll do that click I'll make that a click oops this is the one right yeah so it's a little bit late and I go click and I'll show you exactly what happens right here this is the middle one is the five minutes that's what we're dealing with and I go to the right side so this is the exact bar that it needs to test the left side high of 49 90 it was at 6 40 90 oh oops let me get this right 45 96.75 this is the bar it's a five minute bar so it's still traveling out now normally what I would do is I draw in a chapel we've inside wedge target resistance line and there it is right there and then I'd make it you don't have to make the colors I just make the color so that I can demonstrate it live so this is green on the way up dash green on the way up dash pink on the way down and there you have it so we'll see if that that works meantime we've got very very close it went to 90 I'll tell you what it went to right here it went to 94 90 sorry 44 95 25 so far it's missed it by 50 cents but it is a peak dean the dating that says well we've got to be careful could be pulling back here on balance volumes a little bit overboard so isn't that fascinating all right let's get back to our story so now we've got a couple of things that came in could I please look at the big seven there are always many as you can amazon amazon is holding extremely well when you look at the weekly chart you've got a potential peak e right here look at this 14363 was the high in july and now we've tested it four days ago we're going to 146 so we just missed let's say 146 oh sorry that was the yeah 146 but we closed last week below it so this is potential for maybe a double top but so far it's holding look at the 9 over the 14 so strong to get that to weaken you'd have to see apple down the 123 level right that's the first thing second thing is we've just made a peak D that's where other things can happen that's the objective of a buy mode and that just says you've pulled back to the falling x support level nice not a bad candle today but we'll see what happens and the monthly chart 188 was the high back in july of 2021 81 was the low back at the beginning of this year and yet it is at 137 kind of in the middle of the range holding very well and this is kind of retail not fully retail because it's amazon retail that's something different i'll be back in a moment basal chaplain this is the tom o'brien show down is down 79 s and b is down seven whoa good comeback from earlier on we're just so weak see you in a few moments are you ready to take your trading to the next level introducing 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 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then hit watch tiger tv i said during the break i was asked about do i think the uranium stocks are ready for a pullback after a spectacular move so ccj uranium made a peak f in the trap rate methodology that's where you've got to be somewhat careful and a huge red candle today spectacular move just in the last a week and a half going from the 36 level to almost 42 and now it's at 39 16 and it's in a got this is it an alternate count in the weekly charts but the monthly chart is also extreme much higher so you know i the way i'm looking at this is that we are right in the soft spot right now where there's resistance and support in key metrics and what i'm looking at is that for instance for subscribers from opening ago we got uc which is uranium cooperation uh you're sorry uranium energy corporation uh we got it in the in the 360 area it's screamed up to 555 on the way up we've been taking tads a little tads of see this little thing the chapel wave this is that flag formation that i always talk about called the this is the breakout that we saw within three sessions boom it breaks out so it's also an instant restart but i called it an e i haven't yet called it an alternate see the way on the right exactly like the dow at exactly the moment that's needed the on balance volume turned around uh this was a day earlier the dow was in exactly on august 1st which allowed us to go short that day so this is what i'm looking at i think there's a consolidation going to be unfolding here i think the upside there's maybe a little bit more room on the upside but i would be surprised if this uh uc uh consolidates and ccj i think i drew in the and no i didn't so i drew yes i did i drew in the rectangle i said it could go a little bit higher but i wouldn't be surprised if it pulls back over the coming week because this is by any metric it's it's somewhat overboard so you've got to be a little careful so without saying let's just sum it up as far as i'm concerned the daily charts of key indices are still doing extremely well even though they in cell modes but the weekly charts haven't shown anything yet to say that they're about the tank they will thank you they they drop beautiful they haven't yet with that said