 FNN the tiger financial news network everyone basal chapter here on friday the 6th of may and we're looking at the down down 432 points after that huge smash to the downside yesterday a thousand points down and that's after wednesday's huge move up and now we're very close to 32 000 for the low so far today 32 000 490 getting closer to testing the 32 000 449 low of just a few days ago absolutely the key even in the monthly chart will be 32 272 below that was made february the 24th looking at the s&p almost the same story the difference here is that the s&p had made a low of 4105.06 five sessions ago and today's low so far and the day is young is at 4067 having oh wait a minute does that make sense no it hasn't taken that out so the low was i'm sorry 4062 and here we are at 4067 so very close to taking out that low and that's going to be key because you're looking at the monthly chart and i'm sorry to weaken even further looking at the qqq uh also that's that's even worse because that's taken out all the lows and in fact is down five and a half almost six points at 307 looking at the gold gold should be running very sharp and instead it's just up seven at 1883 what's really working still is the dollar the dollar it had made a new recovery high today of 104.06 it's finally over there that high um that was made back in was a 2000 and i'll tell you right now 2017 at 103.82 on the dollar index and the tlt this is going to be really important the tlt a little bit of a green candle even though it's down 59 at 114.78 that is that is really sharp and i'll be discussing that with the trend line that i'll draw and i'll show you in the monthly chart uh it goes all the way down right there it is oh it takes you even lower and that can go down to the 109s we won't talk about that right now we'll talk about that a little later but it did hold the some key support at the 114 level just for the moment really important session today the volatility index is up at 34.92 i'm back to the moment for the tight push to take that opening for the use that a stat guide this is a very important moment