 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Back in one second. Okay. Now I'm getting good income. Let's just get this. Let's see if we can see anything here. I'm not sure it's screen one. I've done a little bit like Larry. I just understand very well when you have those technical problems. So what am I doing? You share your screen. I did that. I think my shares are in my screen. All right. Let me just check and let me maybe someone in the tent. Let's show Tom Skypin. I've done that. I think I've done that. All right. This is an important session that we need to get everything done. Am I being heard live, Tiger? Let me just tell. Let me ask my engineer. Am I being heard? It's terrible when you can't. Oh, wait a minute. I could find it right here. Okay. Okay. Testing one. All right. Can you hear me on the phone? What do you mean the phone? It should be live. All right. Well, let's just go through the numbers. Someone can tell me what's going on. I'm going to do this quickly. The dial is down 248 at 32,166. I'm on the phone. I'm on the phone. Is that right? Hello? No, it's not on the phone. Technical issues, yeah. We're in the tent. I'm just going to put Skypin. I haven't Skyped it. All right. There we go. But I got it on the earphone. I know this is still from my webinar last night. It didn't shut off. All right. We're all set. I've Skyped it. Okay. But now I've got Echoes and everything. I've got whatever it is. Let's just do this. 157 at 33,169. We're looking at the S&P. So finding the dial, and I'll do this in a moment, we'll look at it. I just want to get this update done before the break. The S&P is down 24 at 4,066. Below the update supply. We're looking at the QQQ, which still has not seen the moving turn negative. That's supposed to have happened to the app today. This can go into a sideways. And that's something that's really important. We're looking at the IWM. So the QQ is at down 64%. At 316.65. The IWM is looking quite poorly. That's a shadow for me. There's an all sorts of things around here. Let's go to, if I can. Yeah, there we go. What we're all looking at is within the context of gold. And it's going to be really important when I discuss the, in my, let's see, I had an error. I was looking forward to a nice, casual tiger text. I was, all of a sudden, got this plethora of problems here. Gold up $60 at 20,252. We had a big spike like yesterday. I think this is absolutely, the country is very nervous with our economic conflagrations. And we're certainly looking at the XLF, which is the financial select fund, looking at down 416.31.54. That's almost like a confirmation that we're looking at. Within that con, I'm hearing voices and also, okay, so that XLF is really important because that's the whole financial sector. I'm going towards most recent lows of 0.29 with 0.56. And that's the reason why I think that countries are buying gold for a safe factor. Big institutions are buying. And that's the safety I even try to make sure is there's a big gap in the weekly chart could even be an instant restart. But what's happening is that gold has become the place to go to and silver is now, the parallel movement is moving with gold. It's up 316.25.99 right now. Just about to give us a very strong resistance. Just about to give us a very strong resistance. Let me show you the gold on a very short basis. This spike up, if it takes out 2000 as sport in the next three sessions, going into maybe Monday, that will say, okay, gold is on a very short basis. It's going to take a bit of a rest. And there could be some rally in XLF just to kind of stabilize for a little while. Let's continue. I want to look at the crude oil. The crude oil had a very sharp spike down. Low, this is a continuous contract. But look at the low that was made at 64.6 on the 20th of March. And the low last time was, wow, 63.64. Now this is quite a high point. I mean, that's pretty impressive. But you remember that rectangle that I drew? I showed this last time. I have an idea for subscribers to my opinion. Of course, that should be up today. That parallel that I call this a propeller shaft with the shaft moved down. This is the blade. This is the propeller shaft. I've got a long one at the correct angle. And the whole rectangle, the technique that I used for the rectangle with the midpoint in that channel that was broken. Then we went almost equally to the downside instead of 64, we went to 62. Bounce back up to the very resistance point of the rectangle. And then we came jumping down and took out the low of the 64.36 low. And we made the week of the 20th of March. We went to 63.64. Not very much. We did make it out. I think it was. And then I think we were still very young. So that was it. I'd be honest with you. I think ExxonMobil is quite vulnerable. Made it to the top of the Chapman Wave. Right at the instant. Let me just get straight. 19.92. That was a left-side, right-side time. Chapman Wave inside. Target, resistance line. And boom. It just hit exactly and came down. The 200p in moving area to 104 is Exxon. And it's at 107.40. This is the first time I'm going to say that Exxon now is a lot more vulnerable than it's been for a very long time. That doesn't mean that it's back to the downside. They just say, I think it's very vulnerable. Let's go on here. Yeah. So a couple of questions that have come in. NUE. This goes to the whole system. It's typing in the wrong place. NUE. This is new. We've got a new corporation, Steel Company. Our J.M. 1.0 product. That 200p in moving area, which has been used. And now it is consistently down to 1.90. Be really careful. I should have said that yesterday. I didn't see your message at the book yesterday. The other one will get to the moment. This next guy, Booker of Art, 222. That's a jab. That's a mission card. It doesn't just get to be just .25. We'll bring it back. Hello? Oh, sure. So that's what I'm hearing. I'm hearing that. What is a newsletter you should try? Tamiya O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Market Equities & Options report today with a 30 day money back guarantee 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. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi everyone, Basel Japanese. So we've been talking about Newcore. I did have some problems because I had different settings that I didn't realize had changed from my webinar last night. I didn't unchange them for today. I think we're all set and that should be very clear. So let me just see a question. Can I, Basel, can you look at Google? I have short position that I'm at break even. Can you give me your thoughts on how to look at this long, tight consolidation? Is this accumulation of distribution? That's a question that in this particular phase, we're talking about, look, if you're looking at the Newcore chart in the dating, you see this pattern that I call the dreaded age pattern. All it is, it's just real simple. I look at three major constructs for patterns in the market. One is a straight line move. There's your straight line move. The other is an arch formation. And the other is a cup formation. But when it comes sharply down, that makes that H pattern, holds the left side low and then tries to rally. Unless it can close two out of three bars, doesn't matter what time frame, above that peak, especially if that peaks a peak A or a peak B, there's a real good chance that it's come back. Then if it starts to roll over and takes out key support, there's a real good chance it's going to take out the left side low. I'll show you some charts in a moment, but that means you can go from a lowercase H to a lowercase M formation. Well, you can call this a very large H pattern. I like to look at it as two separate things, but it makes it sort of complicated on the notation itself. It just gets a little messy, but there could be a little arch there, another arch here, but this is already a total large one. This is in Nuclea. The reason why I'm talking about this is because of how many patterns have been, and I haven't looked at Google for the last, at least a good few days. So we'll talk about that in a moment. But what I am looking at is there's a chance that Nuclea can test the low of 139.03 that was made on the 16th of March. And if it takes it out, that weekly chart, which is for the last two weeks, three weeks, has had a pink nine-period moving and average under the 14, that can go quite a lot lower. And the reason why I make a big deal about it is, look, X had the same pattern straight down. This is US Steel in the steel sector, like Nuclea. Nuclea is one of the great companies in the steel sector. But look what's happening. It's early in the game. X, US Steel is making it almost a one-to-one with a propeller shaft, the one very thing we were looking at just at moments ago in Crude Oil. Let me just show you what I'm talking about. And the reason why it's so important to protect, rather than looking at how much I can make it, like Larry says, it's not how much you make. How much are you prepared to lose? How much in your expectations includes the idea that you could, in fact, lose money on the position? And that, to me, is really important. Well, here's this pattern that we're looking at in US Steel, and I'm just going to say, oh, I didn't want to remove it. I wanted to add to it. New parallel. And look at this. That's not a one-to-one, but that's the pattern that you've got to expect is a possibility to the downside. Okay, so that's Nuclea. I just want to finish Jane's question because I didn't do it yesterday. I should have done it. I didn't see it until late. In fact, I didn't see it until last night. Tesla. And the question was, in Nuclea, I've got a bit of a loss, and I'm short. I'm long. Tesla and Nuclea, what should I do? Well, I'd say, I should have said it yesterday. I'm sorry I didn't see that. I would be getting out of some of this, at least, because there's a good chance that it's going to go quite a bit. We're looking at the cyclicals, the deep cyclicals, like steel, like aluminum. Look at Alcoa before I get to Tesla. Look at Alcoa. They did the same thing. Arch formation makes a lower case H pattern. Then a low case M takes out the left side low, says, okay, that means you can rally, but you're not going to take probably not going to take out the high that was made at this peak B. And then low and behold, it plummets down, and now it's also on its way down. Today alone, it's down 59 cents at 34.43, and nothing here is technically good. So I'm worried about that pattern. Now, I'll have to go to Tesla because I want to do Jane first. Tesla is holding very nicely at 160.38. It's down 24 cents. Look at this weekly chart. Look, there's an A to B equals C to D. That's the Tiger Financial News Network. Majority of hosts always talk about the A to B equals C to D. I talk about it when I have the same technique, but I built it around a technique that I call the Chapman Wave one-to-one expansion, parallel, I call it a parallel expansion, because it has to, for this particular technique to work, it needs to do the turn down or up in the same number of bars. So there's a slight difference because my criteria are stricter. And look at this. Look at that. Same number of bars, beautiful pattern. And that says if it doesn't hold, you've got to be very careful. So Tesla says to me, if you have money in it right now, I wouldn't say, oh my God, look, if you're in it, I don't know when you got in Jane, but I would just say, I would, at this particular point, I take something off. Just money management says it hasn't done what you really wanted and therefore take something off. The other is, if Tesla takes that in this particular market right now, if Tesla takes out the key support of 157, give it a little bit, that's three points down, I suspect is going to have a real quick run to the 150-year support. That's 152.27 was the low of the 27th. I think it'll slip right under it. So you're looking at maybe seven points in Tesla right now. I don't see very much upside at this point other than a bounce. I'd be really careful. In fact, if it was me in this environment, I'd say I'd sacrifice some upside in a stock like a Tesla because I'd rather have that cash ready to be put to work elsewhere. And if I'm wrong, it's going to go up. I'd rather see higher highs. There's this huge gap that it has to fill in the 170s. That's going to be tough to do in this environment. So that's okay. Now the question came in about Goog. And if you don't mind, I'm looking at Goog as alphabet C shares, not the trading shares. I just do this from the core, which is the Goog. So Googie is sitting there. I'd like to do this to just draw in a rectangle formation. I love the fact that we've seen so many times. What wonderful clues this market gives you all the time. 109.63 was the bounce from Google going from the mid-80s back in October. And it runs 20 points. That's really good. And it goes to almost 30 points. And it goes to 109.63 at the beginning of April. It pulls back. A few days later, it goes to 109.58. I mean, we're talking about six cents away from making a new leg F and it fails. Then it does this. And look what you can do. I love to use trade. I didn't really do that last night. I'll do it in different contexts for my subscribers because I do it here all the time. Look, I like to join the highs of the wick. Sometimes I use the body, but mostly I prefer to get the wick. And in this particular instance, look, we've got a chamois falling exclamation. And there's a real big chance that Google was the ninth-grade moving average. This is how powerful the ninth-grade moving is. You know what? When I get back, I'll show you some examples of it. So what was the question? Oh, yeah, I'll do that. Okay. A couple of questions came in. Ricking and food. We have a short position. Okay. So far, that's the position to be. 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 at 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. 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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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Yeah, I was asked. The first part was a little choppy. I'm sorry. It was my fault. I just had an overlap of something that was still connected from yesterday from last night's webinar, Tiger. That's for my subscribers in the opening call. So let's just go back. So Google is down $1.37. So now I can see. So I have a short position that I'm at break even. Well, I think by now you're probably not at break even because it's down even a little more since we've been speaking. So the question was, what is this pattern all about? To me, this is, you see, let me go here. So last night we were looking, remember the Dow? I said, we're waiting for the nine-period moving average. It can take a long time, which it has, for this M-shaped pattern to unfold in the nine-period moving average over the 14-period. Now we finally got it with an S. The day's young. It could change, but it's a daily chart. This grade line is actually the Dow on a closing price basis. So let's do this. We'll go here. This is the S&P index. I had to wait. It wasn't there up until a few minutes ago. Now you've got the S and the day's young, but it's an S on the, that means sell on the S&P index. I'm not saying to sell. I'm saying this is the nine-period moving average over the 14-period moving average. So now the question comes in. Look at Goog. Don't type it there, type it here. Look at Goog. This is Alphabet. This is the core. This is not your trading vehicle, but it's, the pattern is 100% the same, just that the one is the trading instrument, the other isn't. Look how this green line has held so beautifully, and it's going to take time. Look at how it did that when it made that M-shaped top and then pulled back. You had to get a severe decline before the nine-period moving average crossed negative. Look at the M-shaped pattern here. It still hasn't. It's got an M-shaped pattern in the nine-period moving average, not the price, the nine, and that's just about another a day or two of weakness in Google and that'll cross S. Does that mean, oh my God, now this, no, it just means that you'll, you finally got weakness in the indicator that you're using, the technical two, which is the nine over the 14, nine, nine, 14 cross. That's what we call it, nine, 14 cross. And what we're looking at here, it says this low in price, remember this is just a closing price, this low in the price of about 103-ish on the 26th of April. If that's taken out, you don't have support for quite a while until you get to about 102 to 100. So that's the way I'd be looking at it. So let's do the same thing now with what is this chart? Let me just say a daily chart, great. See, here's the same chart. I've spoken about this. This is the Dow. Look at that. It's a year and a quarter worth of resistance. This is the chaff wave, what we call, if you can see it right here, there it is. This is the, okay, coming up, chaff wave, dark news, cloud cover, using the dark daily chart. There it is. And I've said back on the 14th of April, I said DNCC, dark news, cloud cover unfolding. I got to be real careful. So now what we're looking at is in the comparable aspect of having overhead resistance, now I can go back to Google, in the short term, you've got a lot of overhead resistance. So I'm looking at this, and because the MACD's down, deflected lower, the stochastic's at 51%, the relative strength is even weakening now at 50%. The nine period is the only thing we're waiting for, the 200 period moving average is actually rising. So they should meet. And that's going to be the big test. I would give this a target on the very short term, key support of 103. A close below 103 is your first step to say, now are we looking at lower highs and lower lows? Always going to be lower highs and much lower lows. And we won't know. I need to see how the nine period expands under the 14 period moving average. And I want to see how the MACD, nine period differential, the green line expands below the slow moving 26 period moving average of the MACD. So those are the things, deal one step at a time, because that weekly chart is still very positive. So I don't want to get in front of the chart to say, hey, you look at me, I'm saying go down. It will not see me. It doesn't care about me. It only cares about what the price is doing. And the price right now says it needs to break yesterday, two days ago, the low of 104.50 on a closing basis to say, great, the next step should be 103.61. That's the 200 period moving average and then low. But I will say to you in this particular market right now, this is such a key phase because we're seeing, for instance, we have a particular stock that is, I mean, I'm trying to find the words on, you can't call it sexy because you can't say that anymore. I can't say it's an in stock. I can just say, and it's not a meme stock, because it's hardly ever, I haven't heard people talking about it. I'm sure there's a group, an in group that keeps talking about it. But it looks to me that it has the potential to become a stock of interests. Let's call it the stock or an in stock, an in-play stock. All right, too many words. I'd like to find one word for it. And that's up when the mark is down. And I'm looking at this and I'm saying, don't be one-sided because, and now I'll get to some of the other questions here. So that's Google, but I didn't tell you what to look for on the upside. I'd give it a little room. I don't know how much room you want to give it, but I would even say 106.73. A close above 106.73. And that can change day by day, but that's the one I'm looking at right now. In the next two days, says that nine period moving average is still showing residual strength. That's the difference. I'm seeing strength now, not weakness in that nine period moving average. I want to see a close negative. I hope that helps you. Next question came in. And the question is, IWM, weekly looks dreaded H-ish. Yep. Let me just look at this. IWM. Oh, the date is the dreaded H right there. But that weekly obviously concurs and it says if the IWM at 169 right now, if it closes on a weekly basis below the load that was made the week, the 24th of March, which is 167.46, I would say a close below 166. Give it a little room. 166 starts to make that monthly dreaded H a possibility which would take you down to 162.50. So this is, you can tell for the very first time in a long time, I'm getting very, very cautious about this. The reason why we've raised cash. Look at this XLF, even worse today, down 66 cents right now. Next question came in and that is, Basil, are you willing to review the action in your newsletter short position as it challenges the B point you noted as? Yes, I'll do it. It was a question. I was going to just hold off on that. I usually like to give it a couple of days and a good few points before I discuss it because I'm not superstitious but I believe that when your focus becomes patting yourself on the back, you know my expression, when you take your hands off the wheel to pat yourself on the back, that's when you hit the tree. So I do not want to hit the tree. I've hit fences before, I've rolled over at different times. I've done other things but all right. So let's just look at this. So what we're looking at is, so we have a position called the SPXS. It's three times short the spot. It's trading right now at 1857. I'd say to subscribers, just take a tad off at 1846. I'll go through the reasoning. That was down 300 times. The S&P's down 39. I'd be right back. Fazzle chopper, tiger, good for yourself. 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 is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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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. Just let me review this. As I say, it's a question. So if I've got a question, I'll try to answer it. In the Chapman wave, there's never an H. It goes alphabetically A, B, C, D, E, F, G. There's never an H. At G, you decide have I missed an instant Chapman wave, instant restart at a P, D. Is there an alternate count? But there's no H. And we got to a doji candle at 417.56 in that spike. And now, this is one of the few changes that I've made in my textbook, Chapman wave methodology, the stripped. And that is that once in a while, when that nine-period moving average is so strong, you can get it down arrow, which meets all the requirements, meaning that it closed under sharply under the 14-period moving average. The magnum was down, stochastic was down. It ran out of energy. There was a candle, all sorts of things. But if that nine-period moving average, and I've made such a big fuss for the last three weeks about this, it's so strong, you can get residual strength. It's like the tide, it's like, I always think of back in the days of my little motorbike, it depends on how it's sanded was and how the slide was. If there was enough, if there was enough, some kind of gripping of the asphalt or the sand or whatever it is, I wouldn't slide all the way into the side or whatever it was, because there was enough, the handlebars would grip and the pedal and whatever it is would grip. But that stopping motion from the momentum of sliding, I always think of a plane coming into land, that momentum is so powerful that it takes an incredible amount of force to actually stop to a dead stop. And until you do that, anything in the way, it depends on how powerful it is, is not an obstruction enough to stop you. But in this case, you stopped at peak F, then you pull back and then that momentum kept you going through that nine-period moving average to this little dogey candle at G. But it didn't seem to me that it could really be an A, because that would imply you're going to still go to a B, C, D to the upside in the chapway, then that would be so unlikely when all your technicals are starting to fail. That's the reason that, amongst other things, that's the reason why we didn't go short at pre-opening on Tuesday morning. And if I wanted to go short, not the doubt, because we've still got long positions for October in the Dow, both the Dow and the UDOW three times long, I just wanted to separate. Occasionally, I don't mind, we've already taken off all the really short-term positions. I would go short. I just thought that the S&P, look, the Dow today is down 0.90, the Dow is down 0.1, and the S&P is down 0.90. My thinking was that there was a chance that the 500 stocks would be a little bit weaker than the Dow. So far, the Dow has been a little bit weaker than the S&P, but anyway, so we've shorted via the three times short. But there's no guarantee with anything in the short position, because there's been such powerful moves to the upside and even residual strength. So I said, let's go step by step. I had to wait for today to see the nine-period moving average move down, but you see the chapwave inside, this is the spy I'm looking at, chapwave inside wedge, target support line. Remember, Greenwich showed you just now it was a resistance. Now you've got this support line in the spy. And that says we've got right to it. This is exactly where you should start to see some kind of a slowing down of the momentum to the downside, because if it doesn't do that, the low that was made on the 26th of 403.78, we've already gone down to, I just moved this away, 403.86. We're eight cents away or something, away from taking that out. So this is a key moment. So where would, the question is, could I do an analysis of the SBXS and what's the reasoning? Why did it, it's gone above the level that I said, take just a tad off. We took a tad off for about a five, was a seven, a seven and a half percent gain in a couple of days. That's very nice. At 1846 is now at 1840. But I wanted to take something off because I don't want to change my, by very much our entry point. I wanted the stop to be just above that because I think this has legs to the upside. But talking about legs, this is only a gray leg A. Yes, it did go above the high that was made back on the 26th. And then that took out the left side low. There's a pattern I'd like to talk about, but I don't know if I'll have time. Maybe I'll talk about it tomorrow. What I just did, I said to the DN, there was a discussion about, is this going to be some kind of a bounce here or are we looking at a cascade lower from here? And what I said was, what did I say? Wow, a lot of typing has gone on since I said that. Well, I said that the 41, oh, coming into second support pit stop attempt in the 4164 to the 4162s. And why did I say that? Because this is the E-mini, the question was, if you look at this beautiful arch formation with the symmetry left side, right side, price, time match, it went a little bit longer than I anticipated, but I had drawn in a dash Javelin inside wedge target support line and it went right there. This X, I didn't have even a chance to put it in, but normally I put an X in where my target is. And that's right there at about 41, 78, or 80. Anyway, we're in lower. So now what we're looking at is, this is the pit stop that says, now we should see some kind of a ready attempt. And there's the one minute chart, peak A, just identify the low bar, count the next higher peak, peak B, and this is a peak C. Didn't have a chance to do it left side, right side, price, time match here. So this is what we're looking at. So you see the reason why I took off. So if you can't go to the plumb line at the bottom, this is the plumb line right here, because it's so bumpy, then I usually extend out a little bit and I go to the arch, the first arch high or the first trough low, if that's what I'm looking at. And then I draw in a left side, right side, price, time match. I'll do this live right now. And it says that by 10, that takes a long time, by 1058, by the time my show finishes, there should be an attempt, at least an attempt to get to the 40.84.25 area. And that's on the March E-mini contract. Right. Enough with that. A couple of questions that I need to get to. So the answer is, it's a process. And if you look at these declining arch formations, dreaded H patterns, and we've taken out the left side low in the SAP XS from 16.97, made the week of the third of February, so far the low is 16.82. And we managed to get in just really close to that low. So we've got a little room. You remember, I liked, I know there are a lot of people that are in the market, you can hear them always on any interview, you'll say, I like to get the chunk of the move. I like to get the outside of the move. I like to get the very ectus, the very turnaround, because it gives you room for the risk reward. If you don't do that, then you're setting yourself for not the chance of losses, but the chance that your risk reward is going much higher. So that did go over the high point. Yes, it did go over the high point of the previous high. So I like that. That's a good sign. At this point, I have to wait for the whole day to go through to see if we close with the nine-green moving average and let down the SAP with an S, meaning sell, just on that particular index. And we haven't done that yet. The days, yeah, we've gone under. I'll be back. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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Fibonacci 24-7 newsletter at TFNN.com by 10.58 as I said before to get to that level and just go one step at a time. So talking about one step at a time, that's the reason why in the SPXS, this is a brand new move. The fact that we went underneath that 17.03 level, this is just history. Now you're starting to move to the upside. So I have to think of it differently. That particular peak is done. I'm looking at fresh and 200-period moving average resistance in the next three days if the SPXS cannot push into the 1887, it doesn't have to close, but push into the 1887 maybe 1913 area. It says that a chunk of this move down has just been made. Now there's a little bit of a digestive phase based also on the 90MA. So watch that closely. And what you want to see is, this comes to the question that was asked about the VIX index. What am I looking at? So the VIX index, remember I said if it can get to the 19.80 area, maybe 20.30, but it has to close towards the high of that particular move with down sharply, down triple digit and the S&P down over 60 or so points. We're not quite getting that here, but this is a leg B and the VIX index and the 200-period moving average of 21.84 is going to be really key to watch. So keep in mind the VIX is moving with the market in counterpoint, but that VIX, if we get an ugly close today, the VIX is over 21.84, the 200-period moving average, that's going to be must be taken seriously. If there's a sudden move up in the market and the VIX drops to 19.70, it says this is what the VIX is going on. Thank you for Steve Rhodes, check out his opening call and your