 T. F. N. N. headline news update everyone Basil Chapman the host of the tiger technicians are coming up after this T. F. N. Update noontime. I'm also the whole the author of the opening called daily newsletter. Let's go to the doubt down 6325813 remember yesterday for a few days now I've been talking about this black line right on the left side chart. You can see it's called the 14 period exponential moving average on the daily chart and at 25,084 it's been the repellent for four out of the past five five five sessions and the down just cannot get above it if it does then 25957 is the level to break above that starts a leg B and that'll be positive because that'll start the Magdi turning up nicely at this point is struggling. Stochastic is only at 39% wiki chart went right down to support. I'm looking at this very closely because there again the 14 period moving average the black line right here in the wiki chart has been resistance S&P is right at this particular point also down is down six points at 2858. It hasn't even got to that level of 2868 the 14 period moving average resistance and the Magdi is trying to flatten out but it isn't successful yet. It needs to get to about the 2884 level to say hey now I've got some strength that's a lot of points up at this particular point the support at 2848 is really important on a short-term basis. The QQQ's has been impacted by the SMH's down 51 cents at 181.38. December is already a big part of this and it's really struggling and it's down 50 cents is not a big deal but it's within this pattern it's like an H pattern an arch formation if it breaks under 180 in the next few days that's negative it needs to get to 180.75 to show some strength the IWM was a little strong and yesterday announced a little weaker it's down 1.10 150.70 also stuck in a range but what's really interesting here is that gold is trading up to two and a half points it's in the lower end of the range it's trying to establish because that weekly chart remember we spoke about this on this Friday that's a close it closes underneath this weekly dash trend line support that's going to be a problem and the MACD is not very good so casting is at 16% most of very weak and if you look at the dollar the dollar hasn't moved up very much but it has been moving up look at the green candles and it's trading up a 3 cents right or three ticks right now at 98.09 I'll talk more about this in the next in the next few minutes when I come back for my Tiger technicians hour otherwise I'll see you tomorrow have a great day Vessel captain signing off 22nd of May