 The following is a presentation of TFNN the Tiger Technician Hour with your host Basil Chapman call now toll-free at 1-877-927-6648 Good morning everyone Basil Chapman here this is the Wednesday the eighth of November edition of the Tiger Technicians Hour and we're looking at I'm just showing crude oil here look at this it's done more than I want to the downside got under the 200 period exponential moving average pd in the weekly chart this is telling me that in terms of the geopolitical side crude oil is not a factor at this particular time and that just takes me to a question I had but I look at the XLE and the XLE is down 49 cents at 83-33 this is the select energy spider fund if you look at the monthly chart it's still holding pretty well above the 14 period exponential moving average which is below the 9 period moving average which is still very strong but not the weekly today for the first time you're looking at the S that's mean the 9 period moving average and the XLE has slipped negative that's the first time it's done that since it crossed positive back on the week of the 28th of July when it went above 84 so yeah we are back in 84 reaction 83 39 we'll see what happens so just a couple of quick things here I'd mentioned this in the in the up and the 10 o'clock tiger financial news network update you see this chart here this was the one-minute chart gave a nice signal with the two doji candles at this peak and 951 was at 954 954 this morning at 4407 75 made a little double top as it got to the double top the tech news was started to week so grabbing a grabbing a short position and 4406 it was a 4405 that's one thing because I really wanted this to be a two-click session I've been working very hard at trying to decipher the credentials the kind of acuity the kind of parameters that you would look at for a potential two-click session either early in the morning when you can go to a buy signal and just wait and wait and wait and maybe later in the day or maybe sometimes even after the close you get out of that position you've just had the one because you've done nothing all day we've got the one position long side on the on whatever position these are taking this case I use I have to use the e-mini S&P and then you get out now I thought to myself this is a perfect two-click session because the top that was made the move that we had yesterday and today was like I don't believe it we've had such a spectacular move we're not even having a bit of a pull but we haven't even made a peak a in the Dow or the QQQ we have made a peak a in the S&P now it's gone to a leg beat surely especially with Powell speaking to know that I don't think he's doing anything much wouldn't this be just perfect for a two-click session however as it got to the 200-period moving average right here in the one-minute chart and I'm just getting busy with my getting prepared for my show etc. I just said to myself you know what out let's just get out yeah it could be a two-click session my mind is just not set to be able to follow that and I didn't look at all the all the different parameters a lot of it was met but the fact that the green nine-period moving average is almost like the dollar weekly chart the fact that the green nine-period exponential moving average was still so strong and even with that slide I couldn't see it turning pink I said was that just for safety sake just get out of it that's not that's one of the parameters that you need is that very quickly the one-minute goes to the five-minute just like now I'm going to go to the dollar just like you want to see the xy you want to see the dot oh don't do that in a one-minute chart I'm looking at it there we go okay the dollar up today but it did go below the channel that I drew and it went below the channel inside track propellant zone it went below it it should be a repellant zone well the fact is we're above it that's not the issue the issue is right right here the weekly chart you see this green you just say I don't really want to go to a chart because I've already messed up my some of the other charts that I was using so I think you can see it okay I'm looking at Tiger YouTube you see this green maybe just for now I'm gonna make it a little thicker so let me do that I can change without any problems I'll make it quite thick just for the moment I'll go take it back again then yeah you see that green see the way they green light green moving averages above the four I've had webinars on this if you go to if you're a subscriber you know that I've got these webinars and you can check them out I discuss this I I've had one in great detail with us I intend to I do something because I had a number of questions I I'm hoping to do an all-day one at some point in the next number of weeks where I'm gonna just demonstrate some of these techniques live and what we would look at is look in the daily chart of the dollar the pink nine period moving averages look quite strong the MACD is very weak castings way down at 23% but price is the arbitrage of a trend and the price is holding very nicely in the daily but it's making lower lows and lower highs no question about it and you've done a more than a one-to-one to the downside however to get this green nine period moving average to really tank in the weekly chart you'd have to see 103.65 or a really sudden move that is just day off the day where it goes down to the 10410 area because that's what it would take to get that green to go pink and then you've got a sell single upgrade to a sell mode in the weekly chart for the very first time now long time since the July rally so I just wanted to show you how these things work and that's not to say that the deterioration and the E-mini couldn't start and continue after all if you're in over here you could just put your stop at a break even and just let it ride that wasn't the issue I didn't want to be distracted from the show today so with that said let me just go to the questions that I have here yeah so I want to just go through this again within the context of get out of that of the indices let me do this here's the Dow INDU the Dow is extend had spectacular from 32 327 to today's eye of 34 250 units almost 2000 points that is absolutely fantastic in a single leg a I would have to venture certainly in the weekly chart I can see it right here it's the first time in a long long time that you've had you did have from 2866 in the weekly chart you did have a beautiful straight-up move but this is this is a one session and I went to the channel we've falling acts repellent line and it's just a tad above it right now so within that context this is a fantastic move the 200 period moving average is a 33802 and the other moving averages are below that but most importantly it's that 200 period moving average that was a repellent now it's going to be appropriate it's going to be it's a magnet line at some point I suspect we will be testing it how soon just hard to say all right that's the Dow single leg a S&P this is leg B to the upside there it is leg B and the high today is 4391 or 4103 to 4391 absolutely fantastic move 390 points this is 200 290 points right on the chat wave pulling S inside track repellent zone in the weekly chart I'll be back in a moment down to 58 S&P's at 4.50 holding quite well I'll be back if you're looking for potential trading setups in the stock market then rocket equities and 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 and 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 everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at TFNN.com 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 could 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 the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com 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 i just wanted to show you something here we're back and look at the power of this 200 period exponential moving average here we are look how it's hugging that line it just keeps coming back to us like a side wave it goes under it and over it and then under it and now it's kind of over but at a certain point the longer it hangs out there the greater the chances are at some point it becomes a repellent zone so that line is hugging but we'll see because the further while you start to go basically you're 43.96 if you start to trade under 43.98 right now if you start to trade under 43.96 with a dreaded age pattern that says good now you can have your second leg to the downside and we'll see what happens there okay as i said i'm a little upset that i didn't have the patience just to hold that position and just say you know so what it's just a day we'll see what happens but in the meantime there's a lot going on so let me show you what i'm looking at here in the Dow sorry i was at gold we haven't done silver so gold has pulled back and remember we discussed this over and over and over ever since the mid east configuration and i said it's a geopolitical thing i don't see the gdx the gold miners moving up like they should something's wrong with this picture in the sense that you would expect that if gold is trading so much higher from if gold can go from what was it gc from the just the mid 1800s or the low 1800s 1820 if we can go from the 1820s to 2000 over 2010 and yet the gold miners are not purchased so i love when the gold miners move first and then gold comes along to confirm it remember what i was talking about in the update at 10 o'clock i said based on this chapter we roman candle this is a particular candle that i discuss i've had webinars on that as well if you sign up for my newsletter you get not just a newsletter but you get just a plethora of webinars on each one of these techniques and what i've seen is gold and ivory moving average is still above the 14 that's a good sign but if if it starts to trade for another 30 minutes below 1960 i think it's the 69 there's a real good chance we will go to the low of the of this candle of yesterday on the continuous contract but possibly even hit the 200-period moving average of 1961 so we're at 1963 right now so that says to me uh my my contention that this was a geopolitical aspect and money international money countries flow to gold when they are nervous about everything or if the financials xlf was really tanking if it was instead of being a 3361 on the 200-period moving average if it plunged to the 29th i think then you would see gold moving so this is to me more an aberration than anything else uh it's not to say gold if gold actually holds very well it gets back to the high 1900 i think that the gold stocks will follow kind of reluctantly but they will fall meantime 22.71 of 12 cents in the silver uh making low lows and low highs but not really fading it's just not acting great i want to just quickly do a high-grade copper high-grade copper with the peak a peak b peak c and now it's pulling back a little bit i just want to quickly check to see did the e-mini break that level uh i think it's going to oh wrong one uh e-mini oh yeah it's at 35 and 43.95 this is going to be very important where is it now yes there it is so there's your dreaded h that's the pattern we always talk about the dreaded h where it takes out the left side low then you've got two or maybe three bars in which to close above the left side hello this goes 43.95.25 and if it can do that it says hey maybe it just readies a little bit back to one of the moving averages it's going to be hard to get back to the 200 period moving average but so far now you've got the kick in of the five minute 200 period exponential moving average isn't that fascinating look at this it was fantastic support support then move breaks out to the upside goes all the way to the 40 uh 40 407 area and now it's trading at 43.94 right on the 200 period exponential moving average i to me i'd said at the 10 o'clock news maybe this is going to be the top for the day we don't know i am anticipating some digestive phase but it's not going to be easy because biases keep wanting to come in to push the market higher push the market higher so with that said i want to get out of this and just say that the going on with those look at the euro well first of all let's go back to the dollar has a pull back now uh yes it's pulled back a little bit it's up only 11 ticks at 105.62 that as i say the weekly chart is the one i'm focusing on look at the euro it's gone very quickly to peak d it's still right at the 200 period moving average but it has hit it twice now that's going to be a magnet the 1.073 level is going to be the magnet how does it break above or does it keep getting repelled there leg b in the weekly chart but the daily chart for the first time i said a peak a peak peak c and a peak d wow we haven't seen that in the euro since that big peak d that was made in the chapter week methodology remember the fourth highest peak is peak d uh that's where other things can happen on the 18th of july at 1.1275 it cascaded down to the 1.04 um 1.044 area i don't like to type the numbers in here because um it gets smoothed out with all the notation changes it's not automated i do every single chart you ever see with notation is hand hand chart and many of them i've had to do 10 15 20 30 times over again because if my instead of saving everything as i'm doing it i wish there was a way to do that um except if a close shuts down i lose data and then it comes back but in a different final different place i can never find it so it's not lost it's just somewhere so in the meantime let's go to the usd jpy spending a little too much time on this because i want to actually get to some other things some of the stocks look we made a peak d in the chapter week methodology that's where other things can happen d o e and we've gone to a leg east little leg he got away for friday's close in the weekly chart it accomplished everything that we were talking about in this particular pattern there's a rally that makes high highs and high lows and if it continues that way it can go to just under right on or just above the previous high usually at a peak d and then you've got to be careful this is in a leg e and the previous high in the continuous contract was 151.94 the week of the 21st of october of 2022 this is a year later and we've already been down to the 126 level walking the 9p moving average isn't that beautiful what a lovely technique that is um now i want to go back to this just to show you something very interesting so those are the currencies if you look at the usd cad this is the cad this is the us dollar canadian dollar it's just breaking the resistance of this long term trend line down trend line second month that has gone above it the it's gone to a leg d in the weekly chart it's gone to a peak e it almost looks like the yen we remember the yen we were looking at just now um isn't this fascinating and if you look at the british pound uh i'm just going to the continuous contract or the british power british pound made a peak d over the 200 period moving average in the weekly chart uh monthly chart is arching over it's under it's still pink in the ninth period moving average and you've got a peak a peak b and a peak c right at the 200 period moving average while when you put the techniques that if you see a here at tia for them with all the different hosts you and uh it's a great workshop last night so you know a lot of things going on down down 20 up 40 60 currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year t bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors 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 basal chapman creator of the trading methodology known as the 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e and look at the number of peak d's it made it made look at this from the logo it was made under 28 back in um probably may of 20 whatever that was 2020 2020 oh 2022 it's gone peak abcde pulls back peak a hits the 200 period moving average stores breaks out goes to d holes above the 200 period moving average goes to abcd again that's the third one uh and then another one peak abcd but the nine period moving average this is what i'm talking about did not cross negative so this became an e right here just under 45 and now it's trading it hit a low this morning well congratulations there 30 39.20 was the low today it's trading at 40.31 so the question is can we go to 36 so this is hr block finance uh taxes whoo whoo whoo all i can say is um i'm watching the weekly chart the nine is still way above the 14 the monthly chart is making an h pattern it's still looking pretty good so this daily chart has the look that it can go one to one to the downside which says 38 50 to 37 75 would be my immediate visual but okay so the question is when can it do it and if it's going to do it where where and when so my answer is this is the day is young we're an hour into the session so this candle would normally be a perfect chapter wave roman candle so it's trading at 40.31 if it closes above let me give you the exact half above 40 if it closed above 30 to 40 32 it's trading at 40 29 right now um then it'll be a chapter wave roman candle and if that's the case if in the next two days no i'm not going to say two days it's really one day in the next the next session if at any point during the day it's holding below 40 below 40 no but no 39 75 of course today can close at 30 38 it doesn't matter i'm just saying as it stands right now if this was the close this is what i would do i would say at any point on Wednesday on thursday if it's closing if it's holding below 39.70 for 60 to 90 minutes it's just a really good chance that today's low of 39 20 will be tested if instead by the end of the day it starts to close at the 40.60 or higher level the same principle applies but i have to raise the level of wherever the halfway is of this wick from the the body of the candle low that is the body of the candle to the wick low if that's the way it is then use the same measurement if it closes it's like 60 to 90 minutes below that halfway marker there's a good chance it's going to very quickly go down to the bottom but if it starts to so today's young 40.39 does down up 25 recipes unchanged um and as i said i believe that everything i was looking at suggested that we should be seeing some kind of a pullback today that kind of pullback has already in most cases made new intraday highs so we've extended many of the charts in leg a or b so it's just saying to you that buying is is to change the buying to determine selling you'd have to see the dow down 180 points the s&p probably down about 32 points and a rally that looks like oh yeah we've got to buy every and then that ready fails and by the end of the day we close at the lows and you need to have bad news we haven't had the bad news remember markets go up as long as there's no real bad news that's the focus markets tend to go up soon as there's bad news you get the dark news cloud cover and the markets get impacted negatively as long as there isn't that you could have something in background background means nothing it has to be full ground so as it stands right now the bias of the market is to be buying but on short-term basis just as on a on a purely speculative over bought condition and my relatives sorry my unbalanced volume was suggesting that was the case we can see some kind of a pullback okay so i hope that helps you so the question is if you've got puts it's all very well talking about all the stuff on the next one or two days the question already is open the chart up you always have to open the chart up and see what the big picture is the big picture is from this marker right here you start to see negative action in the technicals and it's confirmed by the highlight was made with the diversions between the rally and the failure of the technicals but you have to wait for the nine-period moving average that's confirmed as negative so i would say to you that if this low is taken out today's low anytime in the next going into tuesday of next week then the 200 period close to the 200 period moving average would say 3810 to maybe 3775 the closer we get the greater this becomes just a magnet it'll grab it and drag it to the 3761 level so 36 i don't know about 36 i'm getting one step at a time the low of the 6th of september was 3870 that has to be broken on a closing basis hope that helps you oh the upside i always like to look at the other picture is if there is a close two closes above today's high of 41 36 that's a really good sign it says that the 14 and 7 period exponential moving averages are going to narrow and they'll become magnets like i always have to look at both sides all right we're back to looking at the other questions that came in where was it xpev xpev put xpev is the i don't know how to pronounce it xpng inc designs to chinese companies design develops manufacture smart evs there's just a hint that some of the ev action is just there's a little bit of favoritism right now but it's going to be tough abc in the daily chart it's pulled back it's down 98 cents at 16 point 15 the weekly chart out of fabulous move up and now it's given it back in three days and the nine period moving average is still positive so you know the put position normally i just say absolutely yes but i'm not going to say that right now i'm going to say the nine is still over the 14 the math is still good statistics over 80 percent at 85 percent i'd be a little careful that's all you want to see the general market the our market us markets close sharply lower today to have this chinese look at the fxi fxi that's the china large caps it's almost the same pattern but it's holding really nicely the weekly chart is not that great but it's holding quite well so i'm just going to say down 13 cents at 26 18 my my eye says that over a period of three four days we'll probably go to peak a peak b yeah we'll probably go over 26.64 it's at 26 18 um i i think the trend on the very short term is up the weekly trend is struggling so let's put the two things together next question came in as oh wait that's nice that's like can you look at uh bank of america and arm yes i want to look at both of those actually i think the bank of america that arm fits the picture about bank of america trading down today uh 16 cents i'll be right back dollars gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights firsthand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit directioninvestments.com slash 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 principal 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 i vote you back so bank of america trading at 28.04 down 12 cents because of this gap and the fact that the day after the gap went under to close the bubble next day it went under and just barely closed right on the on that and then today it's a little bit weak says to me it's attempting to form a base now the question i think from the den is i'm guessing what the question is is this a time to if i don't know if you're in it but it would you go into bank of america because the tlt i think it's made i don't know if it's significant but i think it's a low i don't think it's the low it's attempting some kind of the weekly charts and take a long time to really break to the upside i like the action i'm going to say that i would not cheat as a long-term position but i would definitely be looking at having some of the one of the bank stocks and bank america be fine it acted so poorly but now it's starting to hold very well after that big move up from last week you could start a position and i'd much prefer to say start a position 20803 just because i think it will get back to 28 even if there's a sudden dip i'm going to say make a fairly large stop just initially because the gap up high this is the gap up of the second of november which was 27 80s 27 66 so it's not a big deal i'd have about a point and a half just to stop and even then i'd have a more mental stop than a physical stop i think it's ready and what i would do is i'd say slowly it's going to work its way towards 2930 the closer it gets to 2940 the closer it gets to the 200-period moving average of 2967 that'll change obviously by then it's the first time i mean since it broke down back in february of this year up in the 35 area it ran down to the 26th and then ran up to the 32 or 33 area back in late july early august that 200-period moving average hasn't even become a magnet it's not even close so i would do it i would not think of it as an intermediate term by yet but if it starts to hold in the 29s at some point in november that'll be a really important thing but with your monthly chart need a lot of work so that's number one number two is let me just write them i wrote them down so i'll just quickly touch arm i'll do more on that tomorrow arm is a little different this is coming off arm is arm holding plc so it's in the financial it's got that i would not do arm right now i just i'm gonna wait this i'll do a little bit more work tomorrow tomorrow next question is sap i used to know someone who's a wife we used to work for them uh in a very senior position she now works for square overseas so i always remember sap only because of that i don't know nothing much more about them than she worked for them yeah so i used to have this no tell you i don't have a no tell you the monthly charts improving the weekly charts making beautiful return back to the left side high of 145 it said 142 um i like this very much now i didn't ask i didn't see whether or not you you were in it and you were let me find if you give me a second i need to go back to the question i think you just said you put it in there as something to look at yeah so um all right i don't want to take too much time yeah it doesn't really matter i'm looking at it absolutely fresh and saying what would i do and i'm just saying to you if you're a long sap is obviously with these gaps with the foreign i think it's foreign held it has these gaps not the point the point is it's acting extremely 142 i like it very much would i add to it now no absolutely not at 142 i'd wait for under 139-ish area to assess for just a real quick trade up towards the high of 145 but at this particular point it's acting well there's nothing negative about this other than the price visually looks a little extended but i like it very much and absolutely could pull back a little it isn't a leg f but this could actually be an alternate count f slash c my guess is gonna that's what it'll turn out to be and the weekly chart is is very strong so yes i like it very much next question was uh ung so ung this is the uh ung is the united states natural gas fund uh in the den for months now people have called it the widow maker it's probably the widow were maker as well why because it's just been stuck in a range and now it's making a little bit lower low than it had for the last couple of weeks hasn't taken out the low of back in um august or september but it's not acting well at all and the 9p moving averages flap to flip to negative in the weekly chart but the week is young so what my contention has been is i wouldn't get carried away if you have a position this goes all the way back to when it was trading at about six i think was 682 if i remember correctly i said if you're prepared to hold this as a long term don't get carried away and i would not have the the double or triple i would this is the only one i would look at i think that when it gets to um end of october beginning of november where the season the winter season really starts that's going to be the test because up until now the united states natural gas fund has had an absolute there's something wrong with the chart in the sense that there must be such a um a plethora of of natural gas viability out there being able to get it anywhere you want anywhere you want that it's just not showing any straightness i'm not seeing i'm not seeing the kind of scarcity that pushes prices up instead i'm seeing an abundance that pushes prices down but it should still have a decent rally at some point so all i'm going to say is i wouldn't get carried away if you've got a position it's so hard because it has such big falls and it's got this almost like an eye for towels almost like an inverted head and shoulders pattern to the downside but i do think it's going to hold down if it was me and i was holding a position um because it's had a gap two gaps down and today's making a lower low than yesterday if you've got just a small loss or a small gain i i make sure that's all i have and i would put it i would at this point i'd say now and now i'm waiting to to look at it as to say rather buy higher highs and higher lows because it's it should not have taken out this support level this line that at the horizontal line the midpoint line of the channel and it's just done that the midpoint line is at 6.82 and it says 6.46 this is the the week is young if we can close above that level by friday phew that's a good sign but if it goes slightly lower it says there's a good chance it's going to go down to the under six down to the 587 low april so this is i even drew in the arch formation that i thought was a possibility it didn't do that for subscribers i'm just avoiding it because it is just too dangerous only because it's not the usual function of looking at it in a cyclical way saying which is coming it's going to have been in it's going to be in demand this is something completely different so as as a result i'm saying i would have stopped sin i would not be messing around so if you've been in all this time you have a lot of patience and you do believe you'll be able to get 6.46 where it is right now again i do believe you should see 646 you might have to wait that's one thing but if you're just doing trading please be careful because the magdi is very sharply lower the stochastics at 27 percent it could still go under 10 percent it still has to go to the teams under 20 percent and then and the nine three so just be real careful with it i don't be stuck in this trade in other words because if it starts to break down yeah when we're getting into middle of november well beginning of november um i don't know what it's going to really have this big rally so urg be a little careful you want to see you want to see back in the uh seven ten area within a week i'll be back the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30 day money back guarantee just visit the 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forget you can listen to 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 of course as i said that i'll go if i have a time just before we wrap up i'll try to go back at 44 or 5 short that i should have held for a two-click trade i just as i said there was too much going on i had to just cover it but you never know i mean i think we're over over sold for sure i think we're going to be pulling back so anyway so rivian's down 71 cents a 16.71 you know i i see the rivian um it's it's a very nice looking car um but until they start to see the cost of each car only cost them maybe 25 200 or less and they're selling more cars and we have to increase the sales might say about 15 percent at that point i think rivian already started to kick to the upside at this point i think it's costing them too much and then the other one the polar whatever it is i see them i i searched the other day i'm looking for the name if you don't put the name of the car on you what are you trying to show off nobody even knows who you are put the name on the car somewhere i mean really all right well meantime rivian i don't like rivian i think it's going to lower i'd just be real careful next question i had is um the t u a now i don't t u a i don't actually oh let me do this quickly this is the two-year i really i keep forgetting what the two-year is in trade station t u a t u a oh there it is so if i'm correct the two year is the simplify short term something other um all right so just on a chart pattern it's just stuck it's a 22.02 until it's trading at about 2235 i think it's just kind of stuck here and i'd say 2180 is this board i'll do a little bit more work i'll try to figure out what's going on but this is the two-year uh two years zt now i don't use each trade i use um i use trade station for this particular one so that's that oh so let me just say that by the end of the day let me just go to the dow by the end of the day if the dowel which is down just a little bit now it's off the high it's up a 34162 actually is down after two o'clock what i say to my subscribers if there's a rally that's failed and then the rally runs actually start a failure starts to run and then fail if the dowel is down 20 or more after uh 2 p.m