 nn the tiger financial news network Hi everyone basal chapter here on this tiger financial news network 10 a.m. Eastern time market update dowsdown 281 on this Friday the last day of the week February the fourth we're looking at minus 280 and thirty three thousand five fourteen actually went lower this morning went all the way down to thirty three thousand three hundred nineteen two hundred points off the low this is important I want you to see selling get out of the way early this morning and then the real day can start and that's going to make it important because the resistance now is at thirty three thousand seven eighty three the nine period exponential moving average in the daily chart it's going to be very important to see if it isn't able to get back well certainly if you're looking at the hundred if you're looking at the very short term you'll see that in the if I can just get it there it is you've made a cup formation very nice yeah the one minute chart coming all the way back from the terrible activity from 9 30 from the opening and now we've just popped above it this is really important I want to see some stabilization today whether or not it holds through to the end of the day the last hour is going to be a question because anything can happen over the weekend I'm not sure who wants to be holding new stocks that you've just got through the weekend so we'll see the s&p at this particular point the s&p also dropped sharply now it's down only thirty seven dollars at forty three twenty six it ran all the way down to I think it was 300 yeah just about 300 so this is a night 4300 that is now what we're looking at is this weekly chart we're going to talk about in my show the target technicians hour as well as the monthly chart in the s&p we're looking at the qqq the ndx 100 trading now down a little bit better than it was down 2.70 at 339.50 just struggled yesterday did get to a leg b now it's going to probably be a pb in this arch formation iwm the russell 2000 has been holding a lot better but today pulled back quite sharp he's down 2.16 and 1.99 69 oh just got it well the days down but it did get a signal where the nine went under the 14 period so far today that could change by the end of that now gold this is very important because gold is still up quite sharp he's up 15 now we don't think 15 is such a big deal anymore but this is 15 getting close to that 1976 high of about a week and a half ago this is going to be very important where it closes and crudo just is relentless you know a little bit of a red candle and yesterday announced back up 12.60 and this is also really important the tlt had a big spike to the upside of 256 and 150 deals coming down momentarily