 Hi, everyone. Basel Chapman here, sitting in for Tom O'Brien. I usually do the 10 o'clock to 11 o'clock Tiger Technicians Hour Eastern time, that is. And my service here is the opening call, my daily newsletter, very thorough newspaper, newsletter that goes through all these different aspects of commodities, et cetera. Now, what we're looking at is the Dow. When you consider this big move up in the green candle, let me do a couple of things, as I'm saying that. I've been for about three weeks or so now. Usually on a Tuesday I'm interviewed by Tom and I discuss, no, this is not the chart I wanted. I discuss some of the technical aspects of the Chapman methodology. And if you're looking at this chart that I'm showing you right now, this is a daily chart. And instead of the price, the bars that you usually see or the candles, I've just got a thick gray line, and that represents the closing price of the Dow. And what I've been talking about is that when this green 9 EMA is above the 14 period moving average, it can take quite a while, especially if you make an M-shaped pattern for it to turn negative. And negative will go from green to pink, whether it went to pink and it's still pink on that sharp move down. And there's a divergence now, because if you're looking at the Dow, which is now up $3.00 at $33,628, I'll go to the charts in a moment. If you look at the S&P using just this very simple technique, look, the S&P is still green. It went for a date, went red or pink. And now it's back to green, so the 9 is still commanding the weight of evidence of the buying power. That's the way I look at it. Look at the QQQ. It never even turned pink after that. For one day it did, but while the Dow late April early May and the S&P were down, this held beautifully. And even now it's making an M-shaped pattern in price, but that 9 period moving average is still very nice. Look at the IWM, the Russell 2000, now it's unchanged, 174.09. That it turned negative and it's been negative and it will take quite a bit to the left to go to 175, probably 176.80 to start crossing positive again. Otherwise it remains in a sell mode. Now let me do a couple of other things. I just wanted to show you what I'm really looking at. No, but I wanted this chart right here. This is what I show my subscribers. In fact, let me show you what I do. Every day I have my traders corner plus the chart of the Dow or whatever stocks or instrument we want to be buying or shorting. So this is what I give. This was yesterday's close. Then I just give Dow close down minus five and I give a whole bunch of things that we're looking at. There's a chapter with Roman candle, they were closed nicely above it. That was a big good, that was a really strong sign. Friday, Monday we made a slightly lower high. So that's called gray peak A because the MACD and stochastic was still very weak and the line was under the 14. And I said, let's see, if the Dow today, if the Dow is holding a minus 60s or more after 1.30pm, the chances increased for a week close. However, if there is a bounce from this early pre-open selling pressure to flip to positive, that alone will force some short covering, allowing for a much narrower close, maybe even up. The Dow is right now minus seven. So within the context of my work, I always try to identify the lowest low bar, count each success to be higher peak, alphabetize them sequentially ABCDEFG, but it's that fourth highest peak PT where other things can happen. It can go quickly to an E and that'll be the same sort of thing. We'll come back to that in a moment. Let me just show you where we are right now. So the Dow went to this peak E and it went to a technique that I call Chavweight inside track repellence zone. Look at this green and pink. You see that resistance? Boom, 34,257 in the Dow and it pulls back and it takes out the risings like a wedge formation, this rising wedge Chavweight inside track support level. Took it out and now it's trying to break above it. That's going to be the big thing. Cannot do it. Look, the MACDs are the daily chart. MACDs week, Stochastics week, unbalanced volume is really poor, very weak volume. So Christ has to lead the technicals in this particular instance and that would say by Tuesday, if the Dow is not trading the 30, say 33,619, it would have to get above this trend line. So 33,900, if it hasn't gotten into that area, that says the sideways choppy pattern that I've been expecting for this particular phase from last week, that could be unfolding. And if you look at the weekly chart, see the V-shaped pattern, it's losing momentum to the upside, but the Stochastic and MACD and the 9p removing areas are all very positive, yet the price hasn't been able to get that momentum to cross into the 34,300s, 400s. So I'm watching this closely in the monthly, finally it's trying to attempt to break out of the resistance. Okay, now we'll just do this quickly. S&P, S&P at this particular point, it's had a really good retracement from the 41,086 high down to the 40, 4050 area, low announced balance, it's at 41,26, down 11. Here again, the 9 period moving average is good, the MACD is not, the Stochastics week, but price is the arbiter of the trend, so far it's holding very well. You want to see by Friday afternoon, maybe Monday sometime, you want to see at least a test of the 41,58 level, that's not too bad, there's only 30 points from here, it's about 300 down points, and on the downside, definitely you want to see it hold the 41,20 to 41,00 level over the next couple of days. QQQ. NDX had Fabulous, it had Matter, it had Microsoft, it had a couple of really good earnings releases that helped, even if it was just a handful of stocks that led the way up, it did lead the way up, and you went to the inside track repellent zone, that says by about Tuesday of next week, Tuesday, maybe even Wednesday, give it a whole week, you want to see trading, not just the balance, but trading the 325 area, that's only four points away, but that would say you've broken the resistance, the weekly chart is strong as it is, it should continue higher, it's got tremendous support in the 319 to 317 area, looking out, I wouldn't be surprised if we start to make a trading ban, a much wider trading ban, between the 327 area and maybe the three, oh you could even go down to the 310, retest the 310 low from April. All right, let's do the IWM, the Russell 2000, trying to rally, it's just it's not a good pattern, this is that H pattern that I always talk about, where you come down sharp, you make it on formation, so far that's held in the weekly chart, the daily chart, the same thing, you want to see a good rally going into the 178s by Friday or Monday, definitely has to hold 167, I will be back in a moment, dials down 8, SOP's down 12, I want to be talking about K-R-E, that is the regionals, SOP regional banks, I'll be back, fossil chapter sitting here for Tom O'Brien, be back in a few minutes.