 This is TFNN, the Tiger Financial News Network Update. Good morning everyone, Basel Chapman here for the Tiger Financial News Network, 10 AM market update on this Monday, the 22nd of May. We're going to get the Dow down 116.339, right, you know the pattern that we always look for is when you come down sharply try to balance failure to peak A or B, come down, retest the left side low if it's successful, it can have another little balance and they can go from a lower case H pattern to a lower case and that's exactly what we're seeing right here in the Dow and this is going to make the 32,100 level really important to hold on a near-term basis but 32,900 is absolutely key this week to hold looking at the S&P and I would not be surprised to see if the S&P is giving back as much of the earlier gain, yes it has, it is 4209, made a lower high than on Friday and there's no other way I could counter it, this is the peak C, it allows room for at least one more spike up into the Chatham Wave inside track repellent zone so you're at 4195, anytime this week if there's a close it can't just be a spike, this time I need a close about 4253, that'll be a very nice breakout but definitely the 41, I would say at this particular point 41,50 support is really important to hold QQQ and the X100 doing really nicely up a $1.83 at 338.39 in my show coming up the tag technicians hour I'll talk about this left side right side price time match that is price symmetry from the 334.42 high of August of last year comes plunging down to 254 and what happened one week later came right to the 334 level spike above it now slightly higher I'll talk about the IWM as well the IWM is the Russell 2000, it went to a sharp move up yes on Friday it's pulling back a little bit today it's already the laggard looking at the gold contract, gold has been pulling back it's now down 9 at 1973 I think the support that I pointed out last week when I did the show on Tuesday that 1950s is really going to be important support. Looking at the TLT let's go to bonds right now bonds really took a dive and they're actually further down the down four 30 seconds at 127 I'm going to say to you that the yields are in that range and it's going to be important and crude oil as we're wrapping up this particular update crude oil is down just a little bit down a few cents stuck in the low rate that's what you have to think you should sell