 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. Good morning, everyone. Basil Chapman here on this Wednesday, the 10th of April. We're looking at the Dowdown 476 at 38,405. Let me just scroll up here to see exactly so I can give you the figures because they were quite astounding at 830. So here we go. We're looking at, whoops, a little more. Scroll there. So US March consumer prices rise 3.5%. Year over year estimate was 3.4. US March core consumer prices rise 3.8%. Year over year estimate 3.7. US March consumer prices increase 0.4%. Month over month estimate 0.3. Each one is like 0.1. And that's making a difference. US core consumer prices rise 0.4. And the month over month estimate was 0.3. So as we're looking at this chart, the technicals were really telling us the story. And what were the technicals telling us? First of all, let me run the numbers. Well, no. I said the one thing. Let me just do it. It said that the TBT, which is the yields. This is the ultra-short Lehman-20th Treasury bond, T bond ETF, had gone to a peak. Now, there are different ways of counting this. It's really an E slash C. And today we've gone to a D. And that means in the Chapman methodology, at D, other things can happen. So on the way up, you've got this. But the weekly chart is only a C. And this is yields. Look at the T and X, T and X dot X. T and X dot X. Did I type that in the wrong place? Probably. Oh, I typed it right there on the chart. Nope. You type into the little box right here. There it goes. Okay. T and X. This is the yields. This is the 10-year yields. And a lot of the rates are already, the 10-year is what they are based on. So look at this. You've gone to a peak B. I'm calling this a B, although there's a chance it's not. It's really, it could be an alternative count. I don't see any reason why I should count it as an alternative count, because the NYPD moving average didn't go pink. It's still green. And it's really a continuation pattern. And at 43.78, it's actually unchanged right now. That's interesting. And there's already a leg D in the weekly chart. Hmm. This is something to talk about. So we're looking at the, let me just see the bonds themselves. Yeah. A leg after the downside, taking out the previous support levels, lower lows and lower highs in the weekly chart of the 30-year T bond continuous contract. Yeah. And that just says, be careful because yields are not yet stable. It's not yet time for the FED. They might just do it very suddenly, but I don't think they're going to do anything suddenly. So what they're saying is, we've got time. We're not going to rush to lower rates. And that's really the issue right now. We've got inflation and we've got to be, that pertains to the now. Right now, NOW is where what they're looking at. If you're looking at the now, the E-mini is trying to come back after the huge smash from peak D. Remember peak D in the Chapman wave? That's where other things can happen. That's what happened in the five-minute chart at 830. It comes down from the 52, I think it was 80 area, 85 maybe. And it comes zooming down. And it comes down to a low of 5176.50 trading right now, quite nicely higher at 52.07. Now, one of the reasons, let me go step by step. I said I'll go step by step. I wanted to have to cover bonds because the bonds and the bond yields are very important. So let me go back now. I can give you all the details. The Dow is coming back a little bit from the low of the day. It's down 433 at 38,448. So what I did was we are short the Dow. We were long-term long, not touching those positions at all. As long as possible, we keep holding them. One goes back to March of 2020. The other goes back to the 2022, October low. Don't want to touch that. But on a short term, we've got a short position. And I haven't gone aggressively short, even though I drew in in the Chathamé methodology, we'd like to look at, now Mays will do this. There's a little lesson after all. That's what you're here for. I look at basically three trend patterns. Straight line, up or down, cup formation, arch formation. A mix of one and two or one and three means you come down sharply. You try to add, you fail at a peak A or a B and then you take out the left side low so you can go even lower. Or on the right side, you can see straight line up. You make a cup formation or a V-shaped formation. Test the left side high. Do you get repelled? I can show you tons of charts in monthlys that have gone from the 2022 highs all the way down to the lows of, some of them down to October lows of this year. Sorry, this past year. And then have come back almost to the exact price. It's amazing. All right, so we've got these patterns on what we're looking at right now. We've got this arch formation. And the arch formation says that within it, you can do a plum line. Well, I said peak D, but I've spoken about this. I went through it a couple of times over the last few sessions. I better get some tea. Good. Well, at the 39,089 high of the 21st of March, pull back and a peak C. And I used this technique, the chat wave. Well, these are techniques that you can see. If you're a subscriber to my opening call, you get all of these webinars free. I go over them and over them. The inside track repelled. The price got repelled from the green line. Then it got repelled from the lower pink line of the little mini channel. And that said, at 39,860s, we were just a tad under it. And I said, I'm going to call this a peak C1, C2, because the unbalanced volume, the blue line, as well as the slow stochastic gave a little hiccup. It even gave you a little hiccup in the retinal strength index to say, hey, it acted almost if it was a D. It didn't make the D by price, but it made it by everything else according to C2 to prepare that it could go sharply low. And we had already gone short. So we stayed short and I drew in the art formation and I used this particular high right here as a plum. Oh, I might lose my voice. Make it quiet. Spink in the lower register. Here we go. I'm going to use this as a fulcrum, a plum line for the number of bars from the 38,457 March 5th low to that high of 39,800s. Using Chutney Inside Wedge target support line, the little pink dashed green on the way up and dashed pink on the way down. And it came right to that level and that huge Thursday smashed it down side. It bounced. It got repelled at the ninth period of exponential moving average and today it took it out. So the stochastic, oops, another T. I said there's a good chance that the stochastic will go to the teens and maybe even the single pigeons. But it's only at 20%. 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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. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com.ieron International Traders During Market Hours The Tiger's Den Available to all Tigers and Tigresses for just $1 for the year. There's no catch 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. Tolle Free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks, we're back. So let me just show you this. I call this the indicator of last resort, you know, just like the Fed is the bank of last resort, this is the indicator of last resort. When it finally turns down, it could be something a lot more serious. So this is the nine-period moving average. Actually, I'll just go to this one right here because it's really much more important. All it has are three lines. This is the Dow. This is the nine-period exponential moving average. When it crosses the black 14-period moving average, on the upside it goes green, and on November the 3rd it turned up, and it was green all the way until the 4th of April. Not bad, huh? So you've got November, December, January, February, March. Not bad. And that is indicating because it's not just a one or two-day thing so far. This is a couple of days. That's indicating that you've now got some kind of a sell signal. This is a data chart in the Dow that was upgraded from a sell signal to a sell mode. That's just a designation. The width of the aperture as it comes down, as you can see here, can give you the degree and sometimes the timing even of the down move. So we have to wait for the end of the day. There's just another big move to the downside, but the day's young. I can see the reason why I didn't want to go very heavily short this morning before the opening, and we had an opportunity, is that there are certain areas of strength that I have to respect. Now let me go through what I'm talking about. You've got the S&P turning down quite sharply. In fact, the first time in this speed, in the very short period of days, that you've got an arch formation sharply back under the black 14-period moving average, look, it hasn't done that. It did a little bit over there, but it wasn't the same pattern. It was a little wider. It took a little longer, and it's remained green. It has not, since the November 6th crossed to the positive side in the S&P, and there's one indicator, that's the 914 tool that I use. It has not gone negative, so that's why it's so important to, if it does go negative, that's just the start. That just says maybe a cell signal, and maybe if it goes underneath that price right here, the low of 5146.06, if it closes under that cell signal upgrade and immediately to a cell mode. But wait a minute. The QQQ has already done that, and it's tried to rally and failed. Yet, it's just the price of the QQQ, the NDX100 trading vehicle, is still much higher than it was on the 4th of April at 435.13. But wait a minute. The IWM, the Russell 2000, today's the first day that it actually crossed negative, even though it's had quite a pullback from the 211 to 12 area to where it is right now, 201. This is the first time it's gone pink. So that's why I call it an indicator. You have to respect, but you also have to know how to use it. And because this looks to me like it's the arch of the right side, sorry to make low lows and low highs, that says to me, you've got to respect the Russell 2000 is weakening. And it's weakening so far a little bit in disproportion to say the Dow. And I've got to respect the fact that it is holding quite nicely. But I have to monitor it very closely because if it goes down below 197 in the next couple of days, that's just going to say, no, those small caps, the Russell 2000, they're not ready for prime time. IWC, the Russell 1000, as we're speaking, is just too negative. But the day's young, there's a daily chart, all of these are pertaining to four o'clock this afternoon. Right now, I'm talking about 10, 20, 10, 22 a.m. Eastern time. On Wednesday, on the Wednesday, the 10th, I have to wait for the close. I'm saying right now, this is what we're looking at. Now, here's the big thing. The SMHs, even with a sell-off today, down 91 cents at 223.23, I mean, to me, this is the big clue. And the reason why I didn't want to go heavily short at all, we've got the Dow short. I didn't want to start adding yet. I needed to see what would happen is that if my key, the metric that I look at, which is the semiconductor's action, which gives us, really, it pertains to the trend of the market in general, even though it made a high over a month ago, back in early March, it hasn't broken down. But if you look at NVIDIA, it went pink two days ago. And even today, it was down sharp, and now it's up 10. So there is buying pressure. And that buying pressure to me is absolutely imperative to monitor. Because if you get in front of this freight train, it's the speed with which it flips back to the upside is really quick. Okay, so I've got that out of the way. Now, let's go on. And I wanted to show you something very interesting here. So now the left side of 38,457 in this arch formation, this is from the 1st of March. This is the first time we've gone below it. We went to 38,352. And what I said to subscribers from opening call is let's watch this whole area of the 38,400 because that's going to be important. Why? Because in the arch formation, if the price closes above within two sessions, I can say three sometimes, but really, I'd like to stick to the two above the left side low, it says now you could bounce and you could bounce to some a gap or a small tiny doji candle or a nine period or a 14 period moving average, something on the upside. Well, there's nothing on the upside until you get all the way to 38,933. And I'd spoken about this, I call this a potential Chapman Wave red Roman candle this morning. And I said, if the price goes below 38,700, be careful because you could easily test the low of the day. And we've already broken that low. Now we might form another Chapman Wave Roman candle if the price closes above 38,547 today. So I'm watching everything very closely. The weekly charts are all fabulous, even with a sharp pull back. So I just needed to clarify that there is a lot of buying going on. There are a lot of buying of all the dips until the buying. For instance, if today the close, we have this arch formation where there's a rally, let me go to my e-mini chart right now. If there's a rally and for I don't care, oh, the Fed comes on. So later on, let's just say, unfortunately, I have to be out this afternoon. So I'm going to be just at a loss as to doing any update for my subscribers. This is peak APB peak C. And now's your leg D. In the one minute chart, trying to get to 5,220. This is the nine period 200 period moving average that it was, it was at at 830 this morning. It was testing it all night. You know, maybe I'll do it this Friday. I'll talk about the futures overnight. For those of you who trade the futures, there are some patterns. If you can recognize that it really saves you a lot of time, bother, and I can give you a really good sense of what could happen six, eight, or even 10 hours after the close from the day before. So let me just do this because some of you asked if I could do that. So yes, your A, yes, your B, yes, your C, as your D, and you've got to an E. Oh, my, this is really interesting. So this could be an alternate count. F, G says, all right. So and the, yeah, I'll talk about when we get back now that I was totally down 384. I'll be right back. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market. 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This portion of the Tiger Technicians Hour is brought to you by Direction's daily leveraged and inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit Direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. Hi, folks. So just to clarify, what I want you to say is that at the end of this, let's just say after 2.30 this afternoon, 3 o'clock, if the futures start to really tank, make this arch formation, and we take out the low of the day so far in the E-mini, that was what I said, it was 50, I think it said 51, 76, something like that, that's negative action. That's really bearish action. But so far we've got a rally attempt coming up. So let me do this. I want you to get back. Uh-oh. Careful with the start. Yeah, we go. Excuse me. So I wanted to show you something that I consider to be quite important. Look, Nvidia makes a round number high, all-time high on the 8th of March, 974.00. Now we've seen that this is diverse because look, BRK.B, and if anything's diverse, you've got Berkshire Hathaway, B shares, that's a conglomerate. I mean, this is America. I didn't say Mr. America because it's Warren Buffett. He isn't everything that pertains to the economy. So it makes what? A round number 430.00 high that was in February. Let me see, 27th was it? February the 26th. It has a 422.00 round now open and a 430.00 high. It's trading right now at 410. It's been down to below 400. I consider this a technique I developed years ago. It really was assassinated by that huge October the 19th 1987 crash of Downside. I remember I had a little Apple, only Apple TV computer I ever had, and I was getting the charts and they were all late. I mean, it was 30 minutes late than an hour late. In fact, most brokers couldn't do a thing. You didn't know whether your order was in or out, or you didn't know whether your double water, double solar, whatever it is, was really incredible. But those round numbers were amazing. GM would open at 64. Have a 44 round number low. Just all the Dow stocks, just the major stocks. I said to myself, hey, you're just throwing the baby out to the bathwater. I said, that has to be a major, major buy signal. The next day I remember I went on my hotline, Fidelity and some others were clients, and I said 18 months time, they should be all time highs. But ever since then, I've really monitored round numbers. And very often it pertains to either a major look. Look at this, SCHW Schwab makes a round number low on, come, come, come, let's get you, on the 13th of March, that's just over a year ago, and it was a Chapman Wave volume price climax low. Look at that. Where is that? Let me see if I can find it. There we go. We've got to go back even further. Am I looking at the right thing? Yeah, yeah, here we go. So this is the low that was made right there. 45. Whoa, stop, stop, got the brakes on. There it is. Okay. There. 45 round number low, 45.00. On the 13th of March, that was the 13th, Chapman Wave price volume climax. And look, we have never gone below that. 45.465 was the retest. It went up to 68.80. It comes all the way back down. It went down to, most recent low was back in November, I think in November of the 21st of November at 48.66. And here it is trading at 71. It's down 30 cents today. So a number of things, a reason why I've developed this whole thing about round numbers is what happens afterwards. And usually it's not like the next day. You've got to give it time to unfold. And I've seen this now with so many MSTR. There we go. We spoke about that. The other day has, opens at an all-time high of 1942, 1953. It has a round number low that day of 1942, and a high of 1999.99. I'm sorry. It missed the 2000 level by one penny. But that was the high with all those round numbers, two round numbers out of three out of four. On this day, and that was the 27th of March, and here it is trading at 1460. I would say 2000 down to 1460. That's quite a pullback. So I keep that in mind. However, at the same time, I have a lot of respect for certain indexes. And as I say, SMH is one of them, and it's holding pretty well. The XLF, which is the financials, had a big pullback today, but it's only down 28 cents now at 41.23. It did make a peak F at 42.22 about eight sessions ago. And that weekly chart is still very strong. And the monthly, I spoke about this, these double tops, these cup formations that make beautiful. Sometimes I like the plumb line to be the exact low. So the number of bars to the downside or upside, that's exactly the number of bars back to that position. Sometimes it just, you could just visually say it's not going to work. So you have to find other techniques. In this case, 41.70 was the high in the S&P Cinec financial spider fund on January the 20th, January of 2022. And lo and behold, where did we go just eight days ago? 42.22. That's 32.32 cents away from the all-time high after going all the way down to 29. So I love these cup formations or the arch formation. And what happens at the retest is really important. So question, let me just get to this right now, CLSK, CLSK. That is Clean Spark Inc. This has actually been on my radar for some time now. I'm waiting for a big pullback to see if it's worth getting into. And it's pulled back quite sharply. It's testing the left side low. Look, this is like an inverted V. So the left side low of importance was the low of the 5th of March CLSK symbol. It's a training of 15.68 up 33 cents. But that low of 14.78 got tested today, 14.59. The magti is still very strong, but you can see the histograms, the vertical line that's the 0% line of the magti is attempting to start to move up. That's number one. Number two is the stochastic's gone down to 5%. 5% is the equivalent of 95%, which I think if you are long, you want to see your stocks or whatever it is holding in that 90% range, because that's fantastically bullish. It's completely the opposite of what all the textbooks say they always say. Over 80%, the stochastic's overboard. Under 20%, it's oversold. I say no. If it's over 80%, especially over 90%, that's fantastic. That's what you want. That's bullish. If it's under 10% or under 5%, that's bearish. So I think this needs time. So all I'm saying is, I think a chunk of the move has been done to the downside. How it holds 14 is going to be important. And even if it bounces, it's got to get over 17.50 to really say, I've changed the trend back to up. It's not only down 298, I'll be right back. 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. 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. This is where opportunity lies. But how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities? Luckily, you don't have to worry about that. As Tom O'Brien has brought all important market news to you in one single newsletter, Market Insights. Market Insights provides a daily overview of what's happening in the indexes, bonds, gold, and more. Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market, giving insight into how each one plays either a bullish or bearish role. 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They are not designed to track the underlying index or security for more than a day before investing. Carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, foresight fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. So remember I was talking about the 914 period moving averages that can really keep you in a trend for quite a while. So look at this. The one-minute chart flipped to positive right here at 9.53. That's funny because I put in a buy and I got stuffed out by a point and then look what happened. Well, it was a very tight stop because my show is coming up. Look at hell, the 9-period moving average even with the little dips and it's gone from that, let's call it 5201 area all the way to 5226 and right now it's at 5220 because it's coming back to the very important 200-period exponential moving average which was a resistance for four sessions then it became support and now it's back to support but the question is can you go, I like to look at the market in different sections and it's not every day is the same but I always think of it like four sections, four segments of time. There's a 630ish time 6 o'clock to 630 and that can go all the way to 830. Then of course you get the economic report which something can happen because of that and then you get another period of time that really takes you to about 1020 in the morning. In this particular instance that's exactly what we've seen and we're at over 1020 or 1043 but now comes this next section but because it's fed day you have to break it up even further. So now we should meander and what happens very often and this is a little too much but very often what happens is whatever the market's doing prior to the Fed if it's down it'll come back to almost and change if it's up it'll come down to almost and change and wait for the Fed then it'll do what it has to do. This is a little different because there are actual facts that are really determining certain presumptions and so the facts are that the CPI was higher than expected and the assumption is well rates will be higher but the Fed has to come out and either confirm or deny and they're probably just going to say we're following whatever the data is and we will make a change when time comes. So what we're looking at is that the next factor is the whole thing between the anticipation of two o'clock and say three o'clock and then there's this whole area of what's going on going into the close and that close actually is the close going right to the four you know to actually five o'clock when the futures shut down for a little bit. So I'm looking at this as a really a three sessions session that's at least we've had the big move down we've had a really strong move to the upside on a daily basis if we went from the 51 if we went from 5170s to the 5200s that you know even that's quite good we didn't we went all the way to 5226 so that's that's now now it's a little overboard and it has to take a little bit of a digestive phase okay so enough with that now let's go through these um I want to go through so meta made an all-time high a few days ago at 531.49 almost like a stubble top that was at 523 just about three weeks ago goes to 531 pulling back just a little bit but that nine-period moving average is holding firm it hasn't gone pink at all in fact let me do this it'll be even more fun not meta M E T A no pink sign it just had a couple it had about a week or two in December of being pink and then we went back to green um apple apple's been lousy it's still pink it doesn't look very good training 146 down at 168 tesla was asked about tesla um i said yes you need just a little patience but i do believe it's going to make a lower low because we had a question about it because we have a denner who has options puts puts on this and um i see davis says i get a peak g using chaplain wave uh as we pull back market looking to reset 50 percent above and you get crushed on strong so they put back okay using a goal cold recovery but still it's ground yep okay i like that so let me just go through these so they've got amazon amazon amazon's trading very nicely above the nine-period experiment and this is the reason why i said i've got to be a little careful here i don't want to over anticipate we managed to get some shorts we got the socks short correctly a couple of times incorrectly a couple of times taken on average it's been a bit of a gain that's three times short the smh's but i really at the high of the smh i said should we go short right here right there that's the best because now you've got this huge cushion we haven't done that so now it makes a little bit more difficult if we want to short but my my sense is that once the nine-period moving averages start to turn down that's setting the pace for at least a consolidation i'm not too much smashed to the downside or anything like that i you don't know until it starts to unfold look at google google um oh i want to go back to google over here so google is still acting very strongly why did that take a little time i better do that again g o o g oops don't don't stay oh there it is here we go uh google's coming up i believe and if it isn't i'm going to go over here and get google okay we'll get google over here so this is a daily weekly monthly chart moving from the left to the right so gug makes a high of 160 i think he just missed it 159.89 that's just missing it no round numbers yet and there was one of the 157 round number high that was about six sessions ago so that's something to keep in mind just keep the 157 there we're at 156.95 right now it is it is a leg e probably a peak e the technicals are still very good and all all even the stochastics at 80 is over 80 percent at 80.35 on balance volumes those blue lines is a little bit overboard weekly chart says it's a very constructive move here it's in a leg d and the technicals are holding very well and the monthly chart says leg e and all-time high 152 was the high 152 10 february of 2022 so i want to go to some other stocks right now some questions about um us oh can i look at us oh yes sure us oh is the united states oil fund LP right there uh 92 20 was the all-time high back in june of 2022 comes down to the 59 area and then had a really good rally to a peak b pulls back and i don't think it's taken out that high yes yes yes yes uh no i think it just misses so look the high was back in september of last year 83 29 and the high oh the high of four sessions ago was 83 25 five sessions five cents away after two years i mean that i i love the way charts work just i mean the fascination with price movement and price patterns and repeat over and over talk about price patterns very perseverant and this is something special he's going to be doing every second friday he says every second friday he's going to be doing um one of his live trading webinars or trading shows and this coming up this friday check out the front page of tfn and this is really a it's just wonderful to see i mean i've followed him for ages and ages and i'm still i marvel at the technique that gets you within pennies sometimes of a move that could be days away could be even longer than that and it goes right to within pennies sometimes of a move that's a measured move in a specific pattern that you'll be discussing typically so we've got down to 20 boys and we've down 40 and we've got a little time left before we come to our final segment and that should be quite a decisive segment because gotten to this phase from 10 20 we'll see what happens next tigers we have some 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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 so let me just finish this off i was looking at you so the reason why united states all fund is really important here is that um it's moving to the upside but it isn't accelerating in the in the monthly chart it's just kind of a cup formation it's making the second part of the uh arch it's the core roads called the semicircle quarter of the semicircle but look at this beautiful cup formation in the weekly chart and it went within as i say pennies of the previous hype this is now leg d whoops whoops did i put a d and when it was under it yeah it is uh 29 and this high was uh 25 whoops that's not a d we'll become a d if we can go above it and you've got an overlapping wave an overlapping wave in the chapwick methodology says it this c going to a d if it goes over the previous d it should go quite a bit higher and then come back and test that left side lip that's called an overlapping wave and it invariably happens as usually a very strong leg d well we're getting that right now but you just stored it in e so let me just sum it up the the crude odd is holding quite well i'm a little suspicious uh that this is a kind of sell-off today that is going to see a new recovery high on the day i i don't think so i think that there's a chance that when the fit comes out that rather than have a big rally we might store go sideways but if we do arch over and i'm going to go back to the emini right now if we fail and we come back to the left side low of the day this is different this is going to tell me that we've started to move down because at that point i'm pretty sure that even the smh's the semiconductors will see if not today by tomorrow that nine-period moving average turn negative and it hasn't yet it's getting close but it hasn't excuse me so when i see that turn negative and i see the semiconductor starting at two eighteen or lower i think we start to see a bit deeper of a correction unfolding and also we've got to watch the financials if they start to really pull back sharply from here that's just not a good sign so be cautious honestly anything wrong in being cautious put some tight stops in for the meantime