 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. Our host, Basil Chapman, Tiger Technician's Hour. This is the Friday, the fourth edition, the fifth of April edition, and we're going to do some technical analysis. The dial is up 121. We were looking at this inside check. This is a technique that I've used for a very long time and actually forever because I used to do a hand chart with pencil and ruler, so I used to be drawing the lines. I was always fascinated by drawing lines and to find that sometimes the price had moved in a completely different way, but because it was engineered paper, engineering paper, I would be looking at this and then out of the blue, I would say, what's this line? I'd follow the line and went all the way back to maybe a year ago and it was still pertinent because the price came back to the line. So it's always fascinated me. So what I was looking at this inside, I call this the inside check. Many people know about channels. For a long time, I'd be enjoying what I call the inside check within the channel on the upper or even just a trend line. If you can draw a very narrow parallel two lines, remember parallel lines make a channel, you can see how the price reacts and acts as it gets there. And each time it's got there, look how it's been repelled. And when it went there the last time with this double top, that was the high of the 21st of March, 2008, 2009 and then pulled back, as it was pulling back, we've got long-term longs, very long-term longs, not prepared to touch those. On a short-term basis, what we did is we went short the Dow via the DOG. Now what happened was you made a double top and that double top in the Treasury methodology tried to identify the lowest buy count, each successively high peak, alphabetized them ABC uppercase on the way up, low-ercase on the way down, ABCDEFG. But it's that fourth highest peak at peak D where other things can happen. But if it doesn't get there, that's everything about the technical say, just the price misted by going to a leg D by a fraction and the technicals actually gave you a sign of a pullback that I call that a peak C1, C2. And I consider that to be as good as a sell signal or as good as a signal that could become a sell signal. So we watched this closely. And then what I was talking about, and I'll go to it right now, this is going to be Tech to Go Friday. What we've been looking at is the nine-period moving average crossed positive back on the 3rd of November of 2023. Regardless of all the pullbacks, and we've played the pullbacks with the DOG every once in a while. We've got the sideways move. It didn't break down. The nine-period moving held. Only yesterday at the close did that nine-period moving average go pink. First time. I mean, what it indicated, right? You're going positive and you could have gone away. I mean, who knew? Of course, you could have gone away for months on the World Cruise or something like that. Come back to yesterday and say, oh, pink. I've got to be careful. I've got to get out of summer, whatever it is. But that's the Dow. Look, the S&P, hinted, hinted, hinted, still hasn't turned pink. And the S&P is right now up 27 and 51, 74. The QQQ, hinted, hinted, hinted, and it did turn pink. So since the 9th of, no, since the 3rd of November, green, green, green, it had one day of negative action where it went pink and then went right back to green. Isn't this fascinating? All right, let's get back to our story over here and say, so this move down took out. Now, there's another technical indicator that I talk about in my webinars that are on these different techniques in my, if you're a subscriber, you know all about them. If you're not, you can become a subscriber. We go to all my webinars on these different techniques and you get my newsletter for a month if you don't like it. You can cancel a money back guarantee. But what's really important is this inside track in the upper channel, the lower part, was taken out in hell for three days, almost three. Most of yesterday it was all there. And whoosh, it came tumbling down. Well, I've got this as a weekly chart, only a peak C and the nine is way above the 14. The MACD just turned negative, stochastic is at 83% still good, on balance four and the blue line is turned negative. And I'm saying that that's just telling me. And I say to subscribers when I do my overview video, I'll do it off to the close today. I've been lately, I've been doing it on a Friday. It's just worked out better for me as I'm away in the weekends, but I'll be here. But I decided I will do it today. One of the things we're looking at is how, how will I interpret whether this is a one off smash to the downside and now we can have a rally that's going to fill in most of the down move and then turn down and then still not take out yesterday's low. How do you decide for that? Well, it's the way I'm going to be interpreting the aperture, the distance between the nine period moving average now under the 14 period moving average. And if it's more than a day or two, if it gets to about three, four days, then I suspect that we're going to see a deeper pullback. But at this particular point, because it's only the down the QQQ, it's not there. The S&P or the SMH is really important. The SMH is still holding pretty well up at 195 but 221.84 hasn't turned pink. And it did that one day back in January, January the eighth, fifth and eighth, and then it went back to green. But since the move to the upside on the third of November, this nine period moving average has only briefly for a day or two gone pink. So I'm going to be watching that. Back to our story, technical Friday. I'm anticipating that there's going to be some buying and that's why I say to subscribers, we're not doing anything, we're putting in some stops for our long positions. We're looking to buy certain stocks and certain sectors on a pullback. We've got patience, we'll be doing that. Now what's really important about this Dow is that the MACDs turned down the on-bundle, the relative strength is really weakened a lot. The stochastic is down to 33%. The blue on-bundle's volume is pulling back. So even, and now you've got the nine period, so all the technicals are giving you a sell signal upgraded at the close yesterday to a sell mode. All right, that's that. Now let's go to the S&P on a purely technical basis. Will I interrupt myself and then come back to this? No, I won't interrupt myself. So 261.10 was the high over here, around about the 19th or 20th of last month. And then right here on the 28th of March, it goes to 264.85, but the technicals were starting to falter. But that sharp move down yesterday is being met with buying here and it's just touching the inside track, pro-palon zone. So it's going to be a repellent zone very soon, especially if that turns pink, but it hasn't yet. So the upside has a lot of resistance in the 51.90s and absolutely if yesterday's, if we close below yesterday's level, 5146.06, that's a problem. I also want to talk about ground numbers. Can you believe that Maitre, that's a Maitre, that's a Maitre, hit a 530 round number all-time high yesterday, Google, all-time round number high of 157 yesterday. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. In the world of trading, only a few names stand out like Larry Pesavento, a pros-pros with over 50 years of experience. Larry has seen it all. A former Chicago Mercantile exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24-7, Larry Pesavento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. 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With gold pushing all-time high as gold equities trading higher and inflation still raging, this is a great time to try my newsletter, the Gold Report. First-time subscribers get a 30-day money-back guarantee, so you have nothing to risk. Just enter promo code 22-years-at-checkout and you'll see that 35% savings applied to your subscription price and this deal will stay with your subscription for as long as you subscribe. Don't forget, just enter promo code 22-years-at-checkout. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Toll Free at 1-877-927-6648 Internationally at 727-873-7618 Hi folks, in the Den, absolutely fascinating article was to Bill put in about quakes and certainly the quake in Taiwan. Uranus was involved in large quakes on this one. Moon is trying Uranus, which is being conjoined by Jupiter. Oh, this is fascinating stuff. Yeah, so let me just show you talking about a magnet. Look at this magnet line of the 200-period exponential moving average in the 10-minute e-mini. It wasn't even close. It wasn't even close for days. And then suddenly it hits once, hits twice, and then makes the 52-31 level in the e-mini on the 10-minute chart. Really important either as a repellent line, a magnet line, or a repellent line. Right now it's acting more like a magnet line. The further it pushes away, if it goes at 5224 right now, if it goes to 5216, that's probably going to be a repellent line. It'll be tough to get there again. And that's also the 200-period moving average support of the dating. So the further away it pushes to the upside, maybe 5242, maybe later today, who knows. That's getting away from it, and that'll be very positive. All right, let's get on. So we're looking at, I mentioned as we were going to the break, can you believe around 157.00 on Google? I always use Google. I don't use the G-O-O-G-L, which is the Trading Vehicles Alphabet, C-Shares, Search Engine. That's on the 1st of April. It's a 157.00 round number, and today's low was 151. Big deal, it's only six points. But isn't that interesting? And the line is still way over the 14, so this is a work in progress. So far, that doesn't look like it's pulling back, and it's a leading in the weekly. Let's go to what was I saying before, Meta. Look at 530, round number high yesterday. Trading right now at 524.32 and it hit 514 as the low. And the weekly chart, I've got it as a G right now. I really think I can consider with that instant restart, it could be a G-C. And this is the reason why I'm saying, not why I didn't want to suddenly say, oh, okay, now we're going to heavily short. There's a lot going on. And I think there's still residual strength. I think it's a work in progress. It's something that's unfolding. And unfolding means that you don't get, other than this mini waterfall cascade, that can repair itself, but it's going to take a while. In the meantime, we have to see where we close today, and I want you to do something else on it. So I wrote down, I'm going to do this for subscribers to my overview weekly weekend video that I give. I'll talk about it. But I mean, even workday, I mean, just you can go all over the show. Because workday had a 308 round number open, goes to an all-time high the same day. That's what around about the 26th, was it? 26th of February. And then has a higher of 307.28 that day. Gaps down the next day. And that's it. It's at 266. So I've been talking about round numbers for a long time. And I said, I've never seen this number. It just goes on. I mean, NVIDIA, where's NVIDIA today? Up to 18 at 872. And the nine-period moving average is, this is the dailies. I have to say, what I can say is this, at 10.22 a.m. Eastern time on Friday, the fourth, fifth of April, the nine-period moving average has gone pink. But within five minutes, it could go back to green. So I'm just saying, this is telling me that I think I've been correct in saying that these semiconductors in a digestive phase, I have to first of all call it digestive, is that double top, 974 round number all-time high on the third of August. This is now third of August. No, they're called third of... What did I just do? Oh, I wrote it backwards. I wrote it in the old English style. 38. And I put A3. And I'm saying to myself, wait a minute, it was just two weeks ago. Yeah, 38. 38. So on the eighth of March, you make an all-time high of 974.00, pulls back to about 850-ish, runs up to just under 974, makes this cup formation. Remember, I like to do this. I do the left side to the right side peak. And I say, what's positive, what's negative? The nine-period moving average is way positive at that particular point. The MACD deflects lower. The imbalance volume makes a new high and then turns down. The stochastic makes a high, but a way lower high. And the rate of strength is starting to fail. And lo and behold, what do we get? We get invidia in this digestive phase. It's more than that. It actually... I have to wait for the close today, but so far I can call it a cell signal. It hasn't upgraded to a cell mode, but I think it will. Peak F, could be an alternate count, but I'm calling it a peak F in the weekly chart. And only a peak, a leg C in the monthly. So looking out, it's still very positive. I mean, you could just go on STZ. All over the show. Look, STZ is the consolation brand. Makes a 273 round number, not an all-time high. Wait a minute. No, 273.65 was the high back in 2023. Makes a beautiful cup formation. Then comes back and goes to 273 round number on 29th of March. And now it's a 262 pulling back. Berkshire Hathaway, BRK.B. Berkshire Hathaway, all-time high. Round number 430 on the... And a 422 round number open. And that was on the round about the 26th of Feb. And here it is. It went to a leg E yesterday, making a peak E. Still not too bad. I mean, it's making higher highs from the low that it had at the 399 level. And here it is, having a very good running to the 426th area. And now what is it? It's at 415. Berkshire Hathaway. All right, so let's get back to our story. QQQ. The NDX100 trading vehicle. This is the Invesco QQQ Trust series. Made a full 49.34 high. It went into the Chevrolet inside wedge, inside track. Repel and zone. Got repelled. And now it's testing. I haven't made it two lines. I'll do that right now. This is to be red. This is a parallel with that, right? So here we are going to make it red. Make it pink. Pink stands out a little bit better against the red bars that are negative. There you go. And we make that green. And look what we've got. Testing, testing, testing. It looks like it's going to break it. It looks like the Qs want to go down to the low 430s. So this is very important. And today, when you think of the smash yesterday, so far the action is kind of pathetic, isn't it? Yeah, so questions. I don't see jobs, jobs, and gold. We'll get to gold in a moment. So what I want you to do is the IWM. The QQQs have already given a sell signal, probably upgraded by the end of the day to a sell mode. And they've turned the 9-pin moving average turn pink. Back these weeks, the cast is very big. Countless runs a week. Rentals spent this week. The only thing holding up was at 9.14. And now that's gone. And it's a PT in the weekly chart. Now this is something I have to consider. Is this going to be pulled back together? I'll talk about that in another turn. 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Completely forgot to tell subscribers that by Chairmanway Trin Index, you know, I've got all these, this myriad of technical tools that I've dreaded over the years. Most of them are proprietary in the sense that I developed them, but I talk about them publicly. The only thing I don't talk about ever is the number that I look at for the Chairmanway Trin Gage. If it's below a certain number, it means that the very next day, the Dow should go negative, no matter how much the fruit is out beforehand. If the Trin Gage, and this is Richard Arm's Gage, the only thing I use is the numbers. It doesn't matter how it's calculated or anything like that, it's just the numbers. And if it's over a certain level, it says that the future is the very next session. That night or the next session will be up and that will help the market. That's exactly what we had. We had it up yesterday. It wasn't overboard, it was just up over a certain number. The reason why I don't give out the number is the way I've looked at the VIX over the years. There's going to be a change to the numbers. It's inevitable at some point and it hasn't happened yet. But I don't want to be stuck saying that was it and then it's changed the numbers. I just say it's over, it's high or it's low. Now let's go back to what we're looking at here. This is what I show my subscribers every day. So that you can follow the actual technique of the Chairmanway methodology. So I use this technique. I'm talking about the peak C1, C2. That's what gave the sell signal right then. Have a look at this. This is fascinating. Look. Peak G slash C. That became a C1, C2 in the one-minute chart. Look how we pull back to the 200-period moving average. This is the peak C1, C2 in the five-minute chart. But that 90 is so strong that it's saying that there's still buying pressure. Remember we're speaking about the 200-period moving average magnet in the 10-minute chart in many. Well, look at this. It's trying to get back to the 52-31 level. Isn't that fascinating? Let's get back to what we were talking about in terms of all these different techniques. So this is called the Chairmanway Falling Acts technique, where you can make lower highs and much lower lows. And then if you break the trend line, the upper declining trend line, you just look at the left side peaks to see which one can be taken out one at a time. We failed yesterday. We couldn't get above it. That's the QQQs. And as I say, the 9p moving average flip negative. So tonight I'm going to be talking about when I do my video, overview video, my weekly video for subscribers to my opening call. I'm going to be talking about the different techniques that we will use on the daily charts to tell us just how deep correction could be. What we would be looking at, what would be the signs, what would be the signals, what would be the moving averages or whatever it is that's going to take us give us a sense of depth and time. We haven't got there yet. So let's go on. So IWM, as I said, IWM is bouncing, didn't act all that great but the 9p moving average has not turned negative. It's trading up 23 cents at 0.00 round number right there. And I've just got this huge list. You wouldn't even believe how many stocks made either, the day they made a high, either there was an open with a round number or the high was the actual all-time high was round number. It's just quite incredible. So here we are with IWM. Now let's go on to gold. Now gold has moved up 30. Now I can follow through what you've been saying for a little while now. It didn't seem like it was going to happen and you can see this if I go to the let's go to Raytheon which is up today which is the stock I was about to add to for subscribers to open and call I could still be early for this. This is Raytheon because Raytheon Israel uses a Raytheon defense system the IWM don't. And within that context with you remember the defense stocks, not defense of like General Mills or you know Procter & Gamble this is defense. This is military. I was looking at it and I said that initial move from the August low from the from the October 7th massacre in Israel had gold moving up kind of reluctantly and then it did move up and even the you can see right here October even here October there was a sudden pop to the upside and then it kind of stole Raytheon then it gapped up and started to move higher. Now I'm saying to myself is that telling us about the type of warfare? Well in a sense it was really important now the reason why I think gold is held even though the dollar is running. Normally you get this counterpoint where one melody goes up the other one goes down and then they reverse no you're not getting that right now you're getting parallel moves to the upside so that just tells me that what's going on in the Middle East is going to be going to become extremely political and that's the reason why I think gold and that's why countries have been buying gold because they can see something going on here and could even include Ukraine I don't know I'm just looking at the price of gold. Look at this this it should have had normal pullback it has no normal pullbacks really it's just walked this nine-period exponential moving average that looks absolutely terrific. There's the weekly and I said once the weekly broke away from the inside track repellent zone that makes this whole area of 21, 2200 to 20, I'd say 2200 to 2130 very strong support and the monthly child has gone to a new all-time high. This is telling me that something else is going on if you look at silver it's kind of been dragged higher yeah it's acting very nicely but the gold was really leading it. Now this to me says that and Crudo moving up I mean that's part of this whole Middle East thing so you've got up 31 cents today at 86.91 that's just telling us that there is a possibility here that the whole area of the Middle East could in fact turn into something that lasts a lot longer and becomes much more potent over a period of time. I hope not I hope I'm wrong that's kind of the way I'm looking at it. And that tells you that the EUR and this is really look the EUR is just stuck in the lower range at the 2100 moving average of the daily chart way under the 2100 moving average of the weekly and the monthly looks kind of so-so this Euro Euro should be going up as well because the dollar should be falling back. You look at the USDJPY there we go holding up at the upper edge up breaking out but it's certainly holding very well at 151.50 and the high moving average is way above the 14 good action right I'll be back for dollars up to 134 S&P's up 32 Baselchamp and Tiger Ignitions out now I can get to questions that came up. Hi folks this is Tom O'Brien it's the 22nd anniversary of the Gold Report can you believe it? We've taken 22 trips around the sun together and we have many more to come. This year alone the Gold Report has returned over 50% and I want you to come along for the ride. I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities. For a limited time you can save 35% off the monthly price for as long as you subscribe. 35% savings will be applied to the current monthly price and it will stay with your subscription forever. With gold pushing all time high as gold equities trading higher and inflation still raging this is a great time to try my newsletter the Gold Report. First time subscribers get a 30 day money back guarantee so you have nothing to risk. Just enter promo code 22 years at checkout and you'll see that 35% savings applied to your subscription price and this deal will stay with your subscription for as long as you subscribe. Don't forget just enter promo code 22 years at checkout. The stock market is a delicate interconnecting web of commodities equities and trader psychology. When one string of the web is pulled it has a ripple effect across the broader market. 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Distributor foresight funds services LLC This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ I'm going to go back and I'm looking at so really wanting to know about this afternoon oh by Mr. Low your objective in the Chapman wave is to be as faithful to the peaks and troughs as possible you miss one you could get the wrong count and that could really put you off this is in leg E making a peak E today 95.67 we're looking at 3M there was a spin-off for something so the chart completely looks different I have to do all the notations over because it's not automated every chart you ever see that I show with notation that's my hand notation I do it very quickly I find that it's a little better than automation automation skips little subtleties and then suddenly it's going to make a difference so triple M made an all-time high this is pre-split post-split was 208.75 back in May of 2021 now is that the high maybe it wasn't alright so the question is let me just get to this so January the month of January of 2018 he goes to 217.19 this is now post split or this is the chart as it stands right now and it's trading at 90.38 so the daily chart I've managed to do that it's gone peak A right here is just starting point remember the objective is to pick the lowest low and that's where the count starts there it is the bother makes the low if it makes a high it can't be a high you have to wait for a trough to be formed before you can start the count so this is peak A, B, C, D this is leg E as we speak at 95.67 so, hi Basil can you give me an analysis on triple M 3M I have a leap call option strike price 100 a leap call option strike price 100 I bought at the beginning of March I'm already in profit thanks Woody so Woody you didn't say so this is it must have a strike price but that's not a strike date so I'm just thinking it's quite far out I like what you've done I'm going to suggest this this is on my list as formal leaders that got smashed and now on recovery mode I'm putting triple M in that and then there were losses of a whole bunch of things that went on it's got a leg D in the weekly chart very long leg of doji but the monthly chart has started a new leg B and once the 9p moving average starts to turn up it's usually a good sign that's all it is it's not a good sign just say oh that's fantastic now it just says it's a good sign once the histogram in the mag D starts to cross positive across the zero line that's positive once the stochastic gets off the single digits preferably if it's there it goes to the teens and then to the 20s that's very positive well it's at 34.71 the on balance volume is lagging a lot I don't like that it's the same thing in the weekly chart so I'm going to suggest to you you're looking out that's why you got a leap I'm going to suggest to you you hold onto it any pullback that we see the 985 is the 200 period exponential moving average yep it's 5 points down from where it is right now 95 or 67 was the most recent high yesterday that's a big 10 dollars that's about 10% risk but I'm going to say hold on I like the fact that this fits into the category of pave although I don't think it's in pave and that is infrastructure for some reason there's enough in triple M that I can think of it more as an economic bellwether so pave global U.S. infrastructure and development ETF I'm not sure if it is but to me just as always fit into that category pave made a 48 round number high yesterday I mean I just it's beyond belief this is what I call I don't know if it's going to be hubris or what but this is fear of missing out so you put in a bid and say I just wanted it 48 and that's an all time high 48 is trading right now just a little lower 3952 that's pave so let's go back to triple M the answer is yes I like it I'll give you the parameters to look for and I'll give you the time that I'm looking at parameters are that right here so in this particular pattern oh I wish it wasn't so messy here in the weekly chart just kind of putting me off there's this high that was made and broken above that's the high of right here that was August I think now that was July the week of the 28th of 2023 and 94 59 he made a cup formation but really a V and then another cup but really a V second one in a shorter time frame it's popped above it but it's not closing above it I'm going to say to you looking out to July this is now April May June July looking at about the first to the second week of July and the reason why I say July is I need time for the nine period moving average in the weekly chart sorry the monthly chart to get close to crossing positive and it's only going to do that if on a weekly basis you can see triple M close above 102 I would say in a two week period no sorry a three week period at least two of those weeks I'd like to see it close above 100 and that's going to really help looking out otherwise it gets stuck it goes down to the 87 and 85 level I suspect that should be the low at least in the shorter term and that's kind of it gets stuck sideways takes a while and makes a higher cup formation and then it makes the U shape let's look at it later on I'm just saying I like you I like the fact that you got leap the leap is like like an option a much lower priced option and I like that idea so and it fits in the category of this very slow cup formation right here look look at this there are cup formation that says I can even do your left side right side price time match I'll do that why don't we do technical Friday let's just do that so I'm taking left side to make a wedge and all I'm doing is I'm going to the next highs from the low that was made then I decide on the left where would the resistance be I'm going to go to the top of this candle right here so this is a Chapman wave Roman candle inverted red one usually on the way down and says you got to be careful and I'm going from here to there unexplained at all as I'm moving along I'm going to go left side right side price match this is my plum line right there the plum is the low of 7135 made in October of 2023 and I'm going to say based on this the right side is green so the other ones that has to be changed right there and it's interesting I think I drew this way before I didn't do that today I drew this as a plum line because I've been looking at triple M for some time as a longer term buy and hold for 2024 so as I'm looking at this I'm saying buy that's a little extended that says June I would even say May now I'm going to say June June the target for me would be the high of this wall it's not a proper confirmation I'm choosing a particular high which is 101.04 that's everything I'm talking about and now I can lower this and say that is my target line so I'll type in triple M June are you ready to take charge of your financial future TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers and 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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 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 into TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV so let me just do this in the brief moment we've got you look the one minute chart has just gone from exactly right on the 200 feet extension moving average to peak 8 peak peak see what's your objective is to get from a bicycle to Obama to at least a D the 5 minute chart walking the 5 minute moving average walking the 9 minute moving average went to a leg D the 10 minute is only look at use this as a magnet the more times you test it it becomes a magnet then you start to look at the upside now the further away we push it it's a 6, 2, 4, 1 only in leg C if anyone's using this let me know at Basel Chapman at TFNN.com over the weekend when you were able to use this because look that 9 minute moving average says we should still get to a D in the 10 minute chart doesn't matter how long it takes but that's the objective so that's the first thing the other is the reason why I didn't want to pack in with a whole bunch of cells today and rather we're looking more at buys is because this is a work in progress look how long it took the 9 minute moving average for the Dow to turn down and they haven't yet really confirmed they only just turned down the last time they were down for a day this is a work in progress to see whether or not the selling pressure continues then you want the S&P to see the 9 minute moving average go negative and you want the S&H is absolutely the semiconductors have to do that otherwise this is not going to work as any cell signal that gets upgraded to a cell mode meaning we should anticipate more selling so then a question came in about GDX, yep the GDX is trading very nicely it's still in leg D above the resistance level and that makes the support of 33.68 right now that makes the whole area of 31 to 30 very important support in the GDX took a long way to go for the monthly chart chamber inside track with Pallin zone and the 36 is to be hit so have a wonderful rest of the weekend and thank you for Steven all the great programming here I will see you on Monday check out my opening call, my daily newsletter