 This is he FNN the tiger financial news network Good morning everyone Basel Chapman here for the tiger financial news network 10 o'clock market update This is a very interesting downs down 18 at 32,000 542 whatever I tell you now is totally irrelevant It's when Tom O'Brien does his three o'clock show after the Fed announcement and the Fed speak and I think there must be some kind of So maybe a conference or something with the chairman Powell, whatever it is That's when the real market will show itself and we're looking at the S&P also holding pretty steady The S&P at this point is down just a dollar at 4,001 I'm going to talk about this chamois falling axe formation the breakout that needs to be made here Otherwise, it's a negative arch formation to pull back in the dating chart because the QQQ up Up to 27 cents of 3 10 point 66 Hasn't quite made a new high from yesterday, but this is very good action Yes, it's bumping into resistance, but this cup formation will talk about that as well when I get back for the tiger technicians IWM IWM the Russell 2000 is down 56 and 176 gold And this is going to be very interesting going into the end of the day Had that peak Dean the chap wave the fourth highest peak is labeled D And then we see a down move and now the 12 the 1928 level is Gonna be supported up 5 and 1964 the dollar can't get out of its own way It made a peak D tuppered 105 88. There's now down a 103.09 doesn't sound like a lot But believe me with the dollar that is quite important looking at crude oil crude oil is About unchanged minus 16 is 69 52 in the low range TLT and there's gonna be another very big thing going into the close today at four o'clock in the market That the TLT which is bonds down 45 at 104 point 55 A lot's going on by the end of the day tomorrow will be a very important session to see how everything Resolves today and what we're looking at do we have a trend a trend change tomorrow you have a continuation pattern all of that We'll discuss Soon as I get back for the tiger technicians out check out my opening call my daily newsletter See you in a few great programming here We started nine with Tommy, Jr. Market kickoff and we end with Tom a ride at three to four And I'll be back in a few minutes. Hope to see you