 FNN, The Tiger, Financial News Network. Update. Good morning everyone, Basel Chapman here on this Thursday, the 9th of March we're looking at the Dow up 123, 32009, 18. Really important couple of days coming up here and one of the reasons is we've got three things going on at least so far as I'm concerned in the Dow chart, you've got the H pattern right here that can become morph and become especially since the left side 32,500 hasn't been tested, it's been higher than that on the pullback could turn into a cup formation, that's one. Number two is this little doji candle here was a Chapman wave, a red Roman candle, a close above the hive yesterday will be really important going halfway into this week for 60 minutes or more today says, whoa, be careful you're going down to the bottom of yesterday's candle. And the third thing is the histogram in the MACD is starting to improve, not good enough, but it is improving. So really to see the high so far today is 32,990 is giving it back about 80 points of that. I want to see a close after 130, I want to see a move at least plus 80 or 90 and then going into the close looking at the S&P rather than minus 40 or minus 60 after one thing. We're looking at the S&P of 18 and 4,010 actually it's had a better in terms of the technicals the 200 period moving average has been a magnet so it doesn't pull away from that very far and it comes back to it. Here we are at 4,011 up 19, good action but it really needs to get to the 4,000, well I would say 4,028 level to say it can tackle the inside track repellent zone the QQQ also acting quite nicely here up 2.66 at 300.46 trying to tackle this resistance level we're going to watching it through my show we'll talk about a little bit more chapter we falling axe formation we'll see if we can break into the 303 area in the next day or so. Of course you've got a lot of information economic information coming up over the next couple of days and especially tomorrow and then early next week we're looking at the IWM down 30 cents and 186 has been lagging let me just quickly get to this so gold is moving up nice here I discussed yesterday that we were waiting for that leg D in the dollar and yesterday closed with the doji candle pulling back I think this PD says that gold can bounce a little bit as the dollar digest these big gains that have made over the last two days I'll be back in a moment for the target technicians I'll check out my opening call data newsletter hope to see you in a few minutes gonna be excited