 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. I had to run Basil Chapman on this Friday, last day of the week, the 14th of October. We're looking at the Dow at 10.06 am trading up 65 at 30,101. It actually ran from yesterday's note of 28,660 in the dreaded H pattern. It took out the left side low of the 29th of September, 30th of September. And that arch formation went underneath and closed very sharply above in the inside track repellent zone. And today we've spiked above and we're coming back into that zone. So I'm going to be, this is Tiger Technician Hour Friday edition. And the Friday edition invariably is where we go into deeper depth in the Chapman wave. There's like an educational show Friday's Education Day for the Chapman Waivers. Many, many Chapman waivers out there and get emails all the time saying, was that a D? Was that, you know, questions about. I think the most important question here for a lot of newbies to the Chapman Waivers, where do you start the count? Well, that huge move that made a low yesterday and a high, the rule of the Chapman Waivers at the low bar cannot be the high bar as well. In other words, you can't count that as a leg G to the downside. And this is an A to the upside only in the Chapman wave instant restart at peak D does that occur. Eyes glaze over, that's what would happen to me, but we'll explain it as we move along. So today we went to a higher high than yesterday. That starts your leg A. Why? Because it's on the right side of the low bar. That means you can actually call it a low. You couldn't call this the low. It is a low, but not the low. Oh, maybe a J low. No, it's a G low. So what we're looking at here is we've bounced above the Chapman wave inside track and how it holds through the rest of the day is going to be important. And to the aspect that I like to talk about, and that is there are takeoff moments where the power of the move to the upside yesterday basically was a three in one day. I'll talk about that in a moment, but there are times where the takeoff is so powerful that there is concurrently a huge move down from an indicator. That's the emotional indicator. That's the VIX index. I'll get to that in a moment at the same time as the pattern that's unfolding is possibly making a V shape formation. There cannot be a V shape formation here because you've already got this arch. You would have to take it out and that would be like a bumpy. That would be like the lowercase H goes to a cup formation in the Chapman wave. That's a technique that I developed years after I found out about the dreaded H pattern that I talked about, I mean, for 30, 40 years. And then I realized that if it's a successful move that within two to three bars is taken out the left side low, but rallied sharply above, if that move actually triggers a buy signal in the MACD, the stochastic, and other indicators or patterns and closes above the left side high, in this case, 30,464, that was the high of 30th. No, that was out of the 5th of October. That would say, you know what, now you can go all the way to the next peak or doji candle or moving average or Chapman wave, inside track, repellent zone, whatever it is on the upside that says that's the next barrier and that would be 31,020. So this is a different pattern. That's the reason why two things happened yesterday. One is very seldom do you make a very serious low. I'm talking about a low that would be the equivalent of, oh, that was the high, would be the equivalent of this low that was made with a doji candle on the 17th of June at 29,653. You see how it just, it looks like a V-shaped pattern, even though it gave it back and had to restart again in mid-July. But that is the V-shaped pattern and that makes a powerful move 29,653, 2200 points up to 31,885. So there's a difference here. This is a different pattern and that's the reason why now I'll talk about the three sessions yesterday. There was a session, actually it was four because prior to the market, the down was the futures. Let's go to the futures, YM. The futures were up huge after the Wednesday kind of nebishi close under the nine-period moving average. It was up about 300 points at some stage. And then the 830 news comes out with the inflation just smack the dow. It comes down, the futures come down, goes all the way but held. And this is really a very important 28. I wonder if it's still that because it's a smoothing average. 28,655 was the low of the third and 28,671 was the low yesterday. So a number of things were happening. So that was one session, a rally up and a whopper of a move down. Then there was another session where it started to find support. When you're looking, I'm going to go to the E-mini. I'm looking at this and I'm thinking, OK, OK, I've got just a real quick trade. I've got my show coming up very soon. And I grabbed the E-mini at 35,15. What was it? What was the low? 35,15 was one, wasn't it? Two. So about 13 points of the low and everything's working. And then I'm looking at the program, the platform, and it's got the numbers up and down and I can't. I'm making, I'm losing, I'm losing. I'm looking at, but wait a minute. I'm in. Why is it doing that? So within a very short moment, I said, I don't even know what's going on. I'm looking at the price and the price is it must be higher. And so I get out and yeah, OK, so I get out and I make money. But I'm looking at this and I'm thinking, well, OK, if this, this is a Thursday and that kind of bugged me. I thought Thursday. I've in all my years watching the market almost every day as much, even when I'm overseas, I tend to, if I have the capacity, I'm following the market hour by hour or whatever it is. But I've never, I remember once there was a, it was either a Tuesday or a Thursday where the Dow made a very significant low and had a fabulous move up for weeks. That was very unusual. Usually it's a Monday or a Friday. Remember Friday that March the 6th? We bought the diamonds back in 2009 right at the low. We actually bought the options and then went almost a week later. We had huge gains and we kept them, but we also bought the diamonds. And no, was that the case? No, no. March 2009, I believe we actually bought the diamonds right at the low. At 56 something or other, if I remember, OK, unbelievable. So anyway, with that in mind, I'm saying to myself, OK, that's one session. And then all of a sudden there's another session where the futures and the market, now the market's open and the market is starting to come back and it's looking good and it's starting, now it's down 106 points and I'm doing my show and I'm thinking it's getting better and better. And that's a second part. Then there's a third part where I'm thinking, OK, do I, you know, or do we go back? Diamond, what did you do here? And all of a sudden, yep, there was a 400 point game. And that was the first session. Then there was another session all day where it doubled the game and we closed up 800 points. So that's usurped a lot of upside energy just for the money. That's until Friday. I'll be back. I want to talk about Dow's E-minis down 30th, the E-mini of S&P. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. 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Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors Hi folks, we're back and the down to 117 S&P is 37. I would have preferred if the Dow was actually down 280 right now and the S&P down 37. We'll see what happens. Now what we're looking at is, so gold is well, well, first of all, so that was the four sessions yesterday. It turns out the E-mini went from what was it? That 35, was it 35? That's a two-ish level to a high this morning of it's hard to believe. Let me just get it. I'll just do the continuous contract that's quicker. 37, 33, 223 points high. Anyway, so that's history. We're done. Now what we're looking at is what happens now? Well, if you look at the candle that we have right now, this is in the E-mini. It tried to get above the 14-period moving average. It actually danced around it back in early October when it had that big spike. Now look at this Chapman Wave inside track channel. It went close to it yesterday and then ran up. Look at the NQ. This is purely technical Friday. So what we've got in the NQ is this Chapman Wave inside track. Let me just do this. I'm going to open up. This is the daily charges. So open up so you can see it. Let's just do it over there. Made a peak E in August above. You remember, I made a big deal about the 200-period exponential moving average. It tried to climb above it, but that repellent zone was so strong. It got pulled back and it pulled back. And if you look at the extension, I've mentioned this very often. I've added to, I don't know whether it's standard on the Fibonacci, but I've added to this particular tool that I have a 200 and 300% expansions. Now it's amazing because yesterday it went to exactly 300%. The Chapman Wave inside track down channel right here, this has been incredible support every time it's gone to it and it's been propelled above it and it's stored above the 14-period exponential moving average, the black wavy line over there. It did it exactly, it did it three times back on the early October. Yesterday went right to the lower Truff E at just about 10,500 and then spiraled up to today's high of 11,253.50 right at the black 14-period moving average is 11,219. And look what happened, it pulled back sharply from that. So all the things that I would love to look at as key support levels, you've got your 300% expansion, how important is that? Well, if I remember correctly, I don't know if I've still got it on there because I'd like to clean up the charts after they've already done their job. Right here, there we go. This is the 10-minute e-mini and I had drawn in from the low yesterday. What exactly was this? So this is the e-mini 10-minute chart. The low yesterday, the doji candle low at 940 was 3502.00 round number and then we went peak A, B, C, D. Remember the Chapman Wave methodology? A bi-signal should be upgraded to a bi-mode which should take you to at least a peak D. And it went to the D, then it stalled and it made this cup formation, had another ABC and a D. And if you measure this D, it was last night, just before midnight, to today at 3 a.m. I wasn't up at that point. I was just when I woke up, when I was up at 5.45 this morning, sort of notating what I'd missed here. Look, the vertical line from this move in the 10-minute chart at 23.50, that's 11.50 last night, went to 37.15. The Magdi and Stochastic were quite good. But look what happened when it retested that exact level right here. It didn't quite take out the 37.50 level. It stopped right there. And look, the Magdi was weaker and the Stochastic couldn't get above 80% and then reversed. And then what did it do? It came back down to the 200-period moving average, rallied, had this news, let's say I don't know what it was, but there was some news at 8.30 that said the markets, oh, that was, I can't remember now, but it was a little bit more favorable. And then it made a peak C. This is, in the Chapman way, the spike that occurs after news events at 8.30 in the morning, that's where you get your single leg A up or you can get a failure pattern. So basically this isn't an alternate count. This is a peak C, maybe a peak C1, C2, because once again, if you look at the left side, the technicals here and the technicals there, when it just failed to get above that peak C for a leg D, look at the on-balance volume turned down and now we're starting to test all these levels that were resistance and now they support. So that's part of the Chapman way methodology and I'm going back to where we were. Oh, someone asked me about that two-minute chart that I had here. Look at the symmetry between the left side. I didn't do that, did I? I forgot to, I thought I didn't. Maybe I took it out, right here. Arch formation at that peak E. Let me draw it in like that. Oh, wrong way around. So let me draw it in like, yes, I am. Okay, so look at that arch formation right there. It's one of those days. Let's do it slowly. Going from there back to there. Right? Look at the symmetry from that peak E and then that left side load about 8 o'clock this morning. Number of bars, well, it took three bars but actually took out that left side load that we were looking at. So the bar symmetry, part of the structure that I look at all the time, it's so easy to actually do this either with a trend line or something like that and just, I've got colors and I got rectangles in trade stations. They have the whole, the technical tools are fabulous that you can use, drawing tools, that is. Other programs have something very similar. I don't know if all the programs have an arch. That's one of my favorite things and it doesn't have to be an arch. You can draw it in as two diagonal lines. Look, straight line up there and then a straight line back down to where you think the target will be. That's fine. You know that if you're thinking arch, but it doesn't matter. So look what happened. It gone to a trough C, then a trough D and now trough E with down 49. This is off to the spectacular move yesterday, up 100 and something, 105 was it? Now this is what we're looking at and you're starting to see deterioration. Now I want to go to something that I was leading up to but I'm going to first finish what I was talking about right here because the whole discussion right now revolves around this inside track support level. When it's tested this many times, I consider it important. In this particular case, the 300% was important but the flat mag D and the stochastic under 20% yesterday announced a little bit above it's just 20.71 and the on balance volume was suggesting to me that there's probably still quite a bit of work to be done in the NQ, in the E-mini, Nasdaq 100. Let's go back to the QQQ because that's what we're talking about and it's pulled back 4.63 at 264. So it's given back not a half but a pretty good chunk of yesterday's gain the lowest 254.46, it ran up to 271. I mean that's a 20, it's almost a 10% gain in a single index. So it's given some of that back. In that context, these are the patterns that I'm looking at. I want you to finish up and say that gold, the pattern we're looking at in gold, if you look at the weekly chart, the fact that the nine-period moving average is still so far below the 14, it's just not a positive, it's a negative. I'll be back in a moment, that's down 208, the S&P's down 49, Basel Chapman Tiger technicians out. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, the Art of Timing the Trade chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. 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You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. 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. On the front page of TFNN.com Hello, so we've just had the E-mini stop on its way down. It ran to the around about, let me just give you the exact figure, it ran to the 3628.00 level. Now it's just, you see the pink nine-period moving average is trying to flatten out. The 14 is sitting up there and it's been in a cell signal since right there, 928.00 at about 37.08 and it's come down, as I said, to about the 3628.00 level. So we'll see. This is exactly the moment that I would like to see myself in terms of the patterns that I'm looking at, some kind of support and that'll say that the, let me just get to it, there it is. And that would say that in the Dow the pullback that we've seen hasn't taken out either the 14-period moving average support which is at, let's see what it's at right now. If I can just hit it correctly, there it is. 29751.00 and the pink is just a little bit below that. So this is kind of where I would like to see some stabilization and maybe a sideways move towards the close and if we start to get further bank earnings out, I'll go to that in a moment, bank earnings out on Monday that are good, then that could help the market have another bounce. But so far, the pattern that I'm looking at, I'm going to give you, this is a technical Friday, so here we go. The technical pattern that I'm looking at is that after a sharp move down, let me put it on the side so that you can actually see what I'm looking at, after a sharp move down like that, in the H pattern, remember, I look at straight line up, straight line down, cup formation, arch formation and a combination of one and two and one and three, this is one and two, sorry, one and three, the dreaded H where you take out the left side low and within two bars, I sometimes say three bars, but really two bars is best. It goes right back above that left side high and that says you've taken out the left side low, now the resistance should be like a midpoint, a gap or a doji candle or a moving average or a Chapman wave trend line, but if it takes out after making a peak a or a b, failure pattern which becomes a minus, if it takes out that previous high, this H pattern becomes a cup formation and that's very positive. We haven't got that yet, we haven't got yet, we haven't got signs of it, there was an attempt, but I'm talking about a close of about 30,000 54, today's high is 30,000 428, very, very close and that's a good sign, so this lowercase H, if it starts to stall and cannot get above can make a lowercase M formation. I don't want to talk about that too much right now, we haven't even gotten there, but that information has a whole bunch of Chapman wave techniques that we talk about large H, small H making the M pattern taking out the left side low, when it does that if it doesn't, I just I don't want to go into that right now, there's no need for it. So in the meantime, what we are looking at is, this is the MagD's good, the stochastic is okay at 43%, on balance of volumes failing, it should be much higher and the 9-peer moving average is moving up, my thinking here is that by Wednesday of next week, if we don't plunge in the Dow below 29,500 in the interim close below that level, there's a chance that we could see by Wednesday or Tuesday afternoon, Wednesday afternoon, the 9-peer moving average trying to go green above the pink. I don't know, that's just the thinking right now. Yeah, so I also wanted to mention, talk about a miss. I had on Thursday a Dow option call, a 295 option call for October in place, it didn't even get close and then on Friday because of the massive move down and options, you know, by an 830, that's one thing but a 930 when the market opens, that option could be anywhere. So I had to say I'm going to cancel that, but the actual the actual call was if I can go there DIA, this is the October 295 call with a Friday October 21st option expiration, buy under 365, this is Thursday before 2pm using a stop of 2.65 that's about 33%, that was your risk, it's an option, so you got to understand you're going to have much bigger risk. With over a week to go so if it touches 296 and if that will be great and if long at 560 take one off, well I canceled it, I had no idea what it would do, well a dawn thing here it is, this is it this is the chart, I love to do the chart of the options, I don't do them very often, every once in a while we do it so fantastic success with it but I don't do it very often. Look what happened, the dawn thing opens at 1.68 the low is 1.59 in today it's spiked to $9.35 I would say that's a pretty decent profit today it hit $10.65 since it's trading right now $7.25 that's a miss, we all have misses and what can you do, I just like to look ahead and say okay, done I'm out of it, I get upset but I just have to move on just move on, that was a fantastic opportunity $1.65 to $9.00 if you got out the close at $8.48 enough with that, let's get back to our markets and what we're looking at here is within the context of the gold pulling back sharply this is a continuous gold contract pulling back is now down $20.00 at $16.57 you can see that the just a couple of days of green on the 9-period moving average has gone back to pink the MACD was good just about across negative it hasn't yet stochastic is kind of weak at $46.00 on balance volume is very weak look at the weekly chart there's a beautiful left side right side arch formation this is the cup symmetry that I talk about sometimes you can't take it from the top in this case you could start to do that, I could start to draw it right now but we've already gone below the left side low of importance but look what I did, I chose a particular candle I said left side right side and it made the arch formation went to a peak look on the upside look at this incredible symmetry to the folks we know we talk about these fib numbers we talk about all sorts of things how simple can it be when you count the number of bars on the left and you choose a particular bar if you can't get the exact plum line low or the plum line high you've got to choose another I chose this particular candle right here and usually choose some kind of a form of a doji candle if it's possible that's the candle of the fourth in the weekly chart the week of June the fourth at $19.57 and there it is and it goes to the high of the seventh of the week of the seventh of August at $21.42, remember those are continuous contracts and your numbers might change and the pattern nothing changes except the numbers and in the chart if you go to you want to see a peak D that was a peak D then there was a pull back to the trough F and it turns up and it rallies and it rallies and what does it do it is two weeks, three weeks early and it gets to $2107 just under the previous high and a peak E and it comes down now look at the left side symmetry here I chose a particular candle and it did that to this particular low right here from that peak E high but in fact this is very big, the back is big it's attempting it's trying desperately, gold is attempting to find some kind of support but it just, it has trouble holding gains it's not so much about the support and look at silver silver ugly candle from that peak what do you look for in the chart wave of peak D what do you look for, bar symmetry you got that to the peak D under the terms of period removing damage, pulling back I'll be back in a moment, dials down 127 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 and 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices, target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37.50 Sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run it course trade L-A-B-U or L-A-B-D directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com biotech today an investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares 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 principle 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 so just to sum up that little preamble that spoke about the pattern in the lower case H goes to the lower case M if it starts to fail and cannot get above the F side for the Dow just real quickly let me do this for the Dow I'll give you the numbers the Dow needs to close decisively above 30,454 I'd say 30,500 a close the 50-period moving average yeah that comes into effect but I think the tactical is already improved if that happens the S&P SPX there it is the S&P needs to close this is going to be tougher needs to close above 30 it's trading at 36,22 that's almost 200 points that's going to be tough so this is it was a spectacular move yesterday is it a one-off you know Marcus like to repeat the same pattern for at least two or three times doesn't usually happen four times so we'll see it's happened a few times already but at least two significantly they looked very much like yesterday not as big but it looked the same the QQQ that's going to have to move very very sharply it's a 67 63 right now it got repelled to 271 just on a very short-term basis it'll be very good action if it can pull the gap to go towards 278 doesn't even have to go by the left side high but that's what's needed you're looking at the XLK I want you to do that the XLK is trading down sharply down this is the S&P select Tiger spider fund and look at this beautiful channel and it's been stuck in this channel for a long time and at 117 it really the high today is 121 it needs to get to the one actually needs to get to the 125s by Wednesday of next week to say hey I've got a tremendous amount of energy now I wanted to do this because I was asked about it and I forgot about in the first segment the VIX index I'll be mentioning this for so long now the VIX index is trading at 991 at 3295 we've got Friday the close today is going to be so important on the volatility index why because it is stuck in the chat wave inside track repellent zone it's gone above it it's gone to 3488 three weeks ago this week it went to the 34s but it couldn't break it and here it is at 3282 so at the moment I'm just saying holding with the MACD in the weekly chart strong the stochastic now at 76% very close to 80% and 9 period moving average still very much above the 14 period moving average the VIX and that was the question I had Basil can you look at the VIX yes the VIX index is saying to me that the intensity on the you know the numbers on either the sell side or the short side or the people that are getting out of the market these are huge numbers is one number that was a record in record keeping they've never seen this number of people just really afraid of getting out of the market so at this particular point that VIX index is saying some kind of insurance is absolutely necessary number one and number two within the context of insurance it isn't just insurance because look how strong the nine is above the 14 in the daily chart of the VIX and this candle right now at the high of the day or very close to the high with the MACD flat and I'm measuring the vertical move from the around about 29 30th of September to where we are where we were three days ago MACD is not as good but it's still okay stochastic is not as good as under 80% to this is the moment that if anything is going to happen you need to see the volatility index slide sharply into the 29 and then the 28 as the market persistent and today is really a critical day because that follow through from the VIX pattern would have had either a gap up today in a spectacular move 300 400 points up or we would have had a little bit of a pullback and buyers would have just come in and would be shooting the upside there's a lot of uncertainty part of that uncertainty also happens to be so the VIX index is giving us some clue and XLF I want to see the excel better type that XLF the S&P set select financials XLF there it is pullback from the high it had a nice bounce this one also went to the three oh no it hasn't gone to 300% 261 okay so this hit 0.59 as the low yesterday and screamed up from 29 59 to 30 to 19 that's a spectacular move in one fell swoop but that weekly chart has already for three weeks taken out the left side low of July and I'm watching this I want to see the XLF the find need to see the financials doing really well I want to see this XLF by maybe Wednesday Thursday next week not under 30 but more likely over 32.75 we'll see about that what city came out with earnings today it had a big pop and now it's pulling back it's up 24 cents after hitting 44 cents we're looking at the other thing is the IAI the broker dealer index gave back huge huge gains from yesterday is down to at 87.01 so the things I'm looking at here are saying not ready for prime time yet so that's a very important thing to me question about AV EO I haven't gotten to crude oil yet but I'll do AV EO yes remember the chap we've been looking for leg D and then a peak deal well this is a leg D above the cup formation right there we've been talking about that the MACD turned up the nine went over the 14 period moving average stochastic is at 72% not great on balance volumes a little bit overboard leg F in the weekly AV EO pharmaceuticals vascular endothelial growth factor receptor well okay over my head teresine kinesa inhibitor whatever it is is doing extremely well up 7% today up 68 a sense at 10.18 yes I like it but this little gap I say in a biotech you expect gaps very often to be filled so it needs to hold 950 into Tuesday and if it does that and has an attempt in the next between this afternoon and Monday to actually move the high today's 1030 if it can even touch 1031 once more that's starting to raise the base and say even with the market starting to weaken this is in its own orbit and that is put the 1215 Fed Wallace speech oh it's a 1215 today the reason we're making new highs on the way I yeah I don't know anything about speeches anything like that all I can say is that this is a yes all I can say is that this is the market is doing you know we have I said we had a four in one session yesterday so the move the 400 point move up was one thing before 100 point move from the from the 400 point loss then the 400 point above that and then another 400 points just forgetting the down session just the obsession at three moves so you can expect one of those to be taken out maybe it's 400 points maybe it's not we'll see does down 250 right now okay next question I had up up up up up up up up up I'm not sure what the question was about the downside of the methodology because I mean what are we looking at you this is the downside because that arch formation from peak E and look at the left side right side price time edge look at the second arch formation and the nine is under the 14 and it's still weak so we're watching this very closely so I don't know what the question was I'm not going to go back to the question I think it's a one second ago and I need to look at crude oil crude oil is down sharply down three at 85 91 I'm suspecting that crude oil under this chap we've inside track is under pressure at this point we should be 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banner on the front page of tfnn.com hello so this is very important within the context of the patterns that I look at let's just do this again because there we are within the patterns that I look at this H to turn into a successful and we've seen it before a successful and I'll draw it in here just to show you what I am looking at here let's just do this for this to become a cup formation all right there even though I made a low low it doesn't matter you need the magnitude to continue higher you need the stochastic to move sharply higher and very quickly you need to see the 9 period the pink 9 period turn green because it goes above the 14 period moving average then all of a sudden this dreaded H becomes a very successful cup formation and all you're doing is you're looking at the left side high what's the next left side high if we can take out the 30,454 high of early October well that'll be this one right here on the 21st of September 31,020 just step by step nothing to you know fret over you got everything's in front of you so okay I needed to do one thing before we wrap up and that is to show you that the dollar look at the relationship of the dollar the XY there it is the dollar has had a bit of a pullback it could be making a peak A now this is normally I didn't want to make it too messy I would normally put it down arrow but that 9 period never even though the price went under the 14 the 9 didn't go below the 14 so the dollar is still active and acting very well even on the weekly chart yeah it's sitting there looking like it could be a doji top for next week but what I would normally do now I want you to right now fighting two patterns a little too much time on the right side but there's a potential for a peak A failure and if that's not the case then we're looking at this is the two fighting patterns and the the bias right now is to say that it's working the 9 and 14 period moving ahead so the dollar is still good what I want to see by the end of the day the day