 This is TFNN, The Tiger Financial News Network, update. Good morning everyone, Basel Chapman here on this Wednesday, the 24th of May, and for the 10 o'clock Tiger Financial News Network, we're looking at the Dow down 200 at $32,857. That means it's taken out two things, it's taken out the left side low of $32,935 in that arch formation that became a lowercase H that goes to a lowercase M, and if it takes out that left side low, which it's done right now, you've got to be very careful, it's pushing away from the 200-period moving average. The S&P is also down quite sharply, and the S&P at this particular point is down 20, let me just see, 28 points at $4,117, it's broken this uptrend support line. Now I did get a peak C in the dating chart, you used to get a D for a very sharp turnaround, but look at this, the E-mini went to an F slash C, that means there's a really good chance there's a peak F, which says that means there could be a cell signal generated in the S&P very soon, the Dow has already been in a cell mode for some time, the S&P has held very well, went to a new recovery high a few days ago, now it's pulling back sharply, because the QQQ, it actually went to a peak D in the Chapman wave methodology down quite sharply today, down almost 2 points at 331.36, going to be watching this one closely because if it starts to trade in the next 3-4 sessions going into early next week below 325, that's a big problem, looking at the IWM, remember that one was doing quite nicely for a little while, now it's dropped very sharply back into the trading range down 2.25 at 176, I want to look at gold because gold is trying to hold, it's just down a fraction at this point at 1973, the way gold is looking, it's just making steadily lower highs and low lows, nothing serious, there could be one sharp intraday spike to the downside and if it takes that 1950 support, that says it can go all the way to 1916, which is a 200-period moving average, but that really is dependent on whether the dollar is able to sustain any rally, and now it's only up a penny at 103.55, I'll take a little time and I'll come back for the Tiger Technicians Hour and I want you to show you the TLT is having a little bit of a rally today, but wow it's almost gone right back to the 99s, it's at 101 right now, I'll be back, check out my opening call, get your newsletter and I'll be back for the Tiger Technicians Hour in a few minutes and I'll also be doing the one o'clock show as Larry is away, I'll be back