 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basel Chapman. Call now. Call free at 1-877-927-6648. Hi everyone, Basel Chapman. This is the Tiger Technicians Hour on the 10th of October, Monday, holiday. We're looking at this arch formation. Just how this happens is, oh, it's just so pleasant to see. You've got a left side load that was made just before 8.20, around about 36. That's called a 36.39. Runs up to a peak A, B, C. Do you remember the Chapman? We were always looking for four higher peaks. There it goes. The 9th Cross is positive at about 8.22. And you go peak A, higher peak B, higher peak C, higher peak D. Paul's back, holds a support line of the green nine period exponential moving average, walking the 9th EMA. Goes to peak A, peak B, peak C, peak D, double top. And if you look at this side, I'm going to do that. I don't want to, but I will do that just for demonstration purposes. This peak D at about 9.06 this morning, eastern time, at a high of 3.67. Yeah, 3.67. 50, when it came pulled back, held the 9 period moving average, did an exact double top at about 9.18. Look, the magti was turning down. The stochastic was fading way under 80%. And look what happened. It made a beautiful arch formation in a left side, right side bar symmetry. This bar symmetry, I've given courses on that. The bar symmetry is just remarkable. How the market takes the same number of bars on the left side to make a high or a low, it depends. And then it comes back to that starting point in just about the same number of, how does it know to do that? I mean, that's incredible. Look at this arch formation, takes out the two, it walks, it holds the two-inch period moving average. Then it takes it out. Not easy because it wiggles and woggles around there, zigzagging, zigzagging, makes it dreaded H and pulls back. And what my timeline was for 9.59, but at 9.56, it takes out that left side low. Isn't that, I mean, I don't know. Okay, so now we're trying to find some support here and we'll go on from there. So what we're looking at, let me just run this down here. So within the context of markets for subscribers to opening call, my video, which I wasn't able to send out on Saturday for technical reasons, but I got it out Sunday, was already showing that sector-wise, there were very few sectors that were participating. And the sector that was most important, the sector that for years, almost decades, I've been saying, when the semiconductors move up, it's a good, it's a really good sign. It helps the market rally. When the semiconductors move down, it's not a good sign because that kind of, if you get a rally in the general market, if the semiconductors don't move up, you remember, think of the semiconductors as the oil sector of the 1900s, 1900s meaning the period of the 20th century. So the semiconductors are in everything. And the most important part about this is that the semiconductors have had their own problems, almost separate to the general market, and then it became the market's problems. There was a decline in the number of chips available, et cetera, et cetera. Most importantly, what we're looking at now is that the SMH, the semiconductor market vectors, ETF, has gone from the most recent time of 247, 318 was a high, and a double top high back in January. Well, it's gone from the most recent high in August the 8th, August the 15th at 247.06 down to the left side low of just over a week a week and a half ago of 185.11. And what is it doing? It gaps down with advanced micro devices. Oh, I meant to do some of this over the weekend to show subscribers. I don't have to, I can do it here. This is for general consumption. That I don't know if advanced micro devices is really the canary in the coal mine. But all I can say is that for decades, I remember when Sanders, it wasn't Colonel Sanders, I can't remember the guy's name. I know it was Sanders or Saunders if he pronounced it. I got a cousin who's a Sanders who pronounces as Saunders. What was the CEO? A very creative guy, a crazy guy. And you never knew with him what he was going to say, what he was going to do. But let me show you, advanced micro devices has gone from single digits over, and I used to have this totally notated, but now it's not, but I've got enough to go from 1999. We made a high at 48.50 back, this is I think a pre-slit high. Anyway, June of 2000, the general market made a high in 2000 in January, mid-January. March was the S&P and the S&P's high. And I think March was also the S&H, let me just, I don't know if to jump and check, but in that period. So advanced micro devices goes to 48.50 and then plungers to about, I should have typed it in here, plungers to about for no $3.10, $3.10 in 2002, $3.10. And then manages a little bit of a rally and goes right back to 42.70, peak D, March of 2006, and then slumps down to $3.87 in 2008, and then rallies to a peak D, but only to about $10 in 2010. Then it pulls back sharply, makes a lower, I'm not sure if it was a lower low, but it makes a low in the, let's just see what it is. That was $3.87 in 2008, it's a little higher. This is, I should say, a little lower, $1.81. Is that correct? No, $1.62 in 2008. What was I thinking? $1.62. Let me just change that. I wondered about that. $1.62, yeah, we go, we changing it on the fly, edit, $1.62. So, it comes all the way back, arches over, it comes back, goes to the ones, and then in 2015, and then it screams to a peak E, pulls back, goes to an F of 34.14 in 2018, pulls back, and then screams to a peak G in the Chapman-Methodology, you can't go H, G is the highest you can go, you have to recycle after that, or it's a failure pattern. But at $164.46 in November of 2021, it tumbles, and it's tumbled to the low right now, $56.50. Well, proportionately, it could go quite a bit lower, it doesn't have to go to the ones, of course, because the others rally to the 40s and 30s, and then pull back sharply. But is, I've been talking about this for a long time, I say, I can't believe it, because whoever the lady is who is the CEO of advanced micro devices these days, she's really worked very hard to put them on the cutting edge of whatever it is, but unfortunately, that cutting edge is the wrong place at the wrong time, because it's gone from $164.00 down to $56.00, that's a 75% decline. So, within that context, the SMHs show a certain vulnerability right now, and they're making new, is this multi-year? Yeah, multi-year, we can call it at least 18 months, a new low, and I don't see any support in the monthly chart until you get to the $161.50 area. So, and now what I try to do is to show that in the weekly chart of the SMHs, three weeks, four weeks ago and three weeks ago, there was a chance that the technicals were slightly better than they were at the moment of maintenance, but not now. We're about to be 218. So, I want you to give a kind of a preamble to show the overall login. It was really supportive, and now we're down, we're up 16, we'll be back. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIVC capital market assistance in evaluating alternatives and in completing an accretive transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGC. VistaGold executing a strategy to create shareholder value. Are you looking for a way to consistently add winning trades to your portfolio? 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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. At 727-873-7618. Everyone, we're back. We're looking at $1.25 a piece down 11. Oh, what makes this? Did you get a stock? Oh, yeah, what was it doing? Bowing is at this moment... Oh, yeah, it's up almost $4. It's up $4.133.85. I'm not sure why, but in reality what it's doing is it's helping the Dow because the Dow should be down about 45 to 50 points as it is down 12 and could even be down more, but right now it's being helped. So there's a lot to go through. So let me do this real quickly. I'll just run these down with the numbers. The Dow, at this particular point, up a little bit, up 17 made this arch formation. This is the third big one. They've had two little ones before. And more importantly than that arch formation is the pattern that I call the dreaded H. And the reason I call it the dreaded H because if any pullback takes out the left side low, how it does it, it's going to be very important. Just by the way, the reverse Y on the upside. Look, here you are on the Dow. There's a little mini reverse Y. The shape, not the letter. It looks like the letter Y. I call the peak A in this particular instance from the low that was made back in 2020 in March at 18,213. Actually, that's where we went along. Still hold some long positions from there via the diamonds. But you see there's like a little H and then you make another one at peak B. It's like an H and goes higher. And on the downside, you can see each one of these in the weekly chart. Reversal takes out the left side low and then it just, it's not a good sign. So this is a very important moment because on a purely technical level and I want you to introduce this at this particular point, I want you to wait about 20, 30 minutes before, after my show, maybe getting to within an hour of the open of the market to start looking at the VIX index. And we discuss this all of last week, actually for weeks we've been talking about it. 34.88 was the high that was made late September. And then it pulled back and it closed for two sessions. It went three sessions under the 14 period moving average. But look what happened. The nine period moving average is still much higher than the 14. Now, if I had my druthers, what I would have wanted was a really bad close on Friday followed by the S&P futures almost limit down over the weekend on Sunday night or at least very sharp, more than 28 points down, more like 38 to 42 points down. And with us opening and that VIX index screams above the 44.88 high of the week, the 30th of September. But in today, we get such a sunny climax with people just throwing in the telescope after looking at the portfolios over the weekend that we get a substantial reversal that by the end of the day I would have preferred if it was going to happen at all that it was just horrible. There was an inch a day rallying and we said, this is it. And then at one o'clock to 1.15 Eastern time, there's another big sell if it doesn't take out the low that was made earlier in the day. But a horrible one and then all of a sudden at about 20 past two in the afternoon you get the sudden turn around everything's just been sold. There are no more sellers and all the buyers coming. But we didn't do that. Instead what we did is we had a big 100 something point futures rally and then in the Dow itself on the cash index went even higher from the lower Friday and then we started to pull back and now we're up 31. So in a way this kind of this is a bit more wishy-washy solid as it would have been if there was just this immediate sell-off. So I've been talking about this for some time and all I can do is that I don't really have anything other than market experience to go on. We've been we've managed at some point over the last 15, 20 years to guarantee your finance to be able to pick lows. Sometimes we've had to do it a few times before we actually got it. Once you get it, it more than makes up any one or two percent losses within a week. At this particular point I've been talking about just a series of interminable lower lows and lower highs even the highs in fact could pop a little bit higher than the previous high but lower lows and that just works its way because this seems to have endurance from the November, December, January to the end which index you're looking at pursuing the S&P and the Dow from the January highs. We've just been interminably lower and if you look at the March high in the volatility index at 85.44, there was coronavirus that was 2020. That was the coronavirus. Oh. 2020? Then 29, 2022. Oh yeah, yeah, yeah. Okay, that was the start of it. And then we started to pull back. We've not even been close to that 85.44 level in the volatility index but you can see we're making a series of higher highs and so far kind of higher lows in the volatility index monthly and you can see the weekly chart finally has for the third week gone above this chart with inside track repellent zones green line this is a mini channel down channel and what we're looking at is that the selling pressure even the S&P is still down 10. So I'm watching this very closely because if we make a U shaped pattern with a failure in the daily chart that's one thing but if this turns into a cup formation with a test in the next I say speed is the most important thing so the test in the next two days the peak level so far the highs are only 33-39 34-88 yes that's just going to say that something just keeps coming in so we don't get that crash scenario in one day we just get a resolution that says great now you've got many weeks of upside before we come back to test even the April let's go to the S&P even the April rally let's just go right here there we are I'd even say the April rally was a shorter term but the June rally lasted from June the 17th to August the 16th so that's two months that's a pretty decent rally so I don't know I think in a certain sense that kind of rally might have been used up for now if we do get a rally you can expect the S&P if it's in the last weeks to try to test the 4,090s which is where the 200-period moving average is maybe it doesn't even get up there because look what we've got we've got crude oil don't forget we've still got the the chance I don't want to give any weighting in terms of percentages of what the chances are of some further threatening of nuclear action so there's a lot of stuff coming out you've got crude oil and everything I read says that we've been we keep going to Venezuela and OPEC for them to help us but OPEC is Russia is part of OPEC this is a whole contradiction in terms of very confusing to most people so what are we doing it's tough look at this this is a nice move up in crude oil I'll be back in a moment with a lot to discuss and Baselchamp and Tiger Dinesh if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have 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buy signal that's upgraded to a buy mode other things can happen that's where you can get your deepest decline that's where you can recycle higher and basically that's a very important fourth highest peak that you want to be monitoring and now what we've got is you've got our peak D and it went almost to that level that it broke down at and it's sitting I've got Fib numbers and other horizontal lines but at this particular point the real issue is how does it last so we did go along this morning the diamonds we got stopped out for break even I could have put in a wider stop because I think that there's enough evidence to suggest that within the context of oversold conditions there is just enough residual strength to say some kind of a rally or bounce should take place and let me just go back to the security already see the stochastic running from under 20% so quickly to over 80% now actually at 94% this produces in the methodology a pattern that I call the squash between that's the reason why I always put the stochastic the slow stochastic I put it underneath the MACD the moving average conversion so by just the standard MACD 526911 and the stochastic 1433, 120% and 80% just just standard tools nothing fancy there it's the way you use them that becomes very important and now what we've got is this plus sign in the daily chart of the crude oil has to be changed from a buy signal to an upgraded buy mode so we've got an up arrow we've got blue letters a, we're above this chat with inside track repellent zone I do think that there will be a peak be with a fairly sharp pullback and now what this says is any pullback should not last more than one to two sessions maybe three but not really it's more like one session and then you get to your C after C you can start what happens is that the stochastic's done its job it's the talk it's the first, second, third gear but when you go to the higher gears it's like the momentum has to take over so that's really important but the weekly chart still suggests that this is in play crude oil is in play for 2021 but it might see very strong spikes and then there's an amelioration of all the anxiety about crude oil as things just for whatever reason kind of filter down just slow down and the price should then pull back and then if there's another big spike at any point if crude oil is trading above 102 to 105 that I think changes the course of events because that monthly chart says you've got a chaff wave inside wedge sorry, a rectangle formation that made the arch pattern and now you might be seeing higher highs and higher lows we'll have to monitor that so I'm not talking about monthly chart right now I'm talking about the weekly chart has still to see the mag D cross positive it's still very weak stochastic store very weak at 23% so the dating chart is the one that has triggered most of the buying so for the subscribers to open call we're trying to get into various sectors of the crude oil but I think that we can have patients question came up about MSOS MSOS which had a very good chart pattern recently I said this looks like it could pull back a little bit this is advisor shares pure US cannabis sector if you look at the MJ which really that's the one that you want to be monitoring it had this big spike it goes from the 450 right up to just over $6 trading right now at $4.94 I think this is a story area so let me just go back to your MSOS and say if you are very long term and person asking me about that is very long term oriented I would say on these big pull backs if you want to have even though you're accumulating I would still call them starter positions I would not for instance this big spike here going to Friday's high I would have thought that maybe taking something off and putting that same amount back with more shares on a pullback is the way I would play it so it's showing you 11.42 MSOS advisor shares pure US cannabis sector it's just like an ETF for the sector I guess so so it's almost like MJ which is the alternate harvest which we've had huge profits in going back quite a while we haven't been in for a long time so this says to me 11.46 down 34 says be careful because I think that it could very quickly test the 10.50 to $10 area so just cheated as an accumulation over a period of time I just wouldn't get too carried away when I say accumulation a very tiny portion of your portfolio with very tiny portions that you put in and only when it really shows substantive higher highs and higher lows in other words when it starts to trade in the 16 since 11.43 right now yes that is what almost 50% high not the point the point is I would prefer to buy the tide right now is still a downtrend sporadic riptides to the upside I don't want to be there until there's something really substantive in the sector and I use the MJ as a proxy to go with the one that looks pretty much like the one that you mentioned say yes next question came in with you get to it yeah so within that context so fcx yeah you know fcx this is the copper area fee Port McMoron ink copper you know the chart says to me that it has a spring loaded look to it but unless you get it at the low lows before it makes lower highs it's really tough here at 29.63 it could be looking to test the trend line let me show it to you fcx this is trading at 29.62 up 62 cents on a day like this that sounds amazing right but in fact you got to look at it as making lower lows and lower highs this is a great company because people have had this very long term have seen massive gains I mean the single digits back in 2020 screams up to the 50s and it's pulling back and I have got it in a peak C in the monthly chart but in this case I'm always putting it into the category of the SMP monthly chart which went to a peak B but everything else has gone to a DOI remember peak D or higher is where you expect larger declines to occur so the B in the SMP is just an aberration because that sell-off was so intense going to the low of March of 21.91 that it took out the previous left side low and you have no choice but to start a brand new buy mode from that low of 21.91 but the 23.46 low of December of 2018 remember this is when the Fed was talking about higher rates and it went from 29.40 in September down to 23.46 that's a huge move down so what we're looking at is I don't want to say this has gone to a peak B but it has to go to a COD mainly because you've got all every other index having a down arrow now in the monthly chart to say just be really careful now that down is down 55 I'll be back in a moment I'll be back in a moment when I return 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 Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day 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 tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his 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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 so NVIDIA this is really interesting because look how many times this chaplain wave inside track mini down channel has been hit and it's being hit as we speak right now since it started it's run to the downside that trough that was made on the 1st of September at 132.17 saw a bounce to what the nine period expansion moving average and then it failed made a lower low and went to a lower low on the 16th at 16.17 has another peak A minus because it failed a dreaded H pattern right at the 14 period moving average but actually it fails at the nine and went under it and went in a lower low and kept doing that and then it had five days of really good moves going from the 19s to the 136 area then it failed and now it's trading at 115 and this is a test this is a test and the MACD has room to go down if this is going to go further statistics at 39% this should have been yes there's a divergence but that divergence has to see by Wednesday I'd make it absolutely latest at 3pm Wednesday maybe 10 o'clock on Thursday that I that NVIDIA corporations semiconductors one of the leaders used to be one of the leaders in the section now I think within the sector the in-demand area is not really in the NVIDIA I think and that maybe has to do with gaming I'm not sure but the most important aspect about it is you've got the Eiffel tower which is almost taken out the left side low in the monthly chart that was back in 20 I think it was 2021 yeah 2021 was that March of 2021 yes that was the low of getting it right now slow that 115.67 screens up to the 3 almost the 350 area that's a massive move and what's the low right now 115.32 this is a perfect Eiffel tower straight up down look at that number of bars to the right side is just a little bit longer than going up from the left side MACD's terrible stochastic is at 7% in the monthly 3% in the weekly and 39% in the daily so there's a bit of a divergence and it says you can have a divergence but you use that positively by having a big spike and time is up in the essence it means that with a move down of 5 points down 4.55 remember we had Paul sending me emails all the time saying NVIDIA it's way overboard it's the one that keeps it constant over and over and over and absolutely in this peak F in the monthly chart from 2021 high just look at this so this is these are all important concerns and factors that we have to take into consideration and someone just mentioned that they had a put on the so let me just see what the exact question is at the question statement whoops I just bumped that off there it is okay yeah yeah okay just telling me that they got the put side and that the NVIDIA is acting very poorly absolutely so the way I'm looking at it is this whole area of 115 is very consequential on a monthly basis on a weekly basis the MACD is starting to improve a little bit the stochastic is terrible at 3% you got a little bit of a divergence but not enough for me to say hey this is this is something that looks fantastic no it looks it actually looks oh my goodness it looks terrible and it's telling us a lot about what's going on so I want to do oh thank you Jerry said I have Duffy thank you yeah but it was Jerry Sanders from did he actually started what's micro devices I don't remember but I do remember him why do you have a whole bunch of white hair there so yeah it was very distinctive and absolutely made a statement whenever he got to talk about his company question I got here about let me just go to the next one so yes the SOXS is in fact I wanted to show you this on Friday I forgot I was waiting for the SOX to see is it even possible that when you get to a gene the Chapman wave methodology there if you have a if you're going up and you have a higher high that isn't an H there is no H you have to call it either a C you have to look back to see maybe I missed the turn but actually you didn't miss the turn in the SOX because and I would have had tough time I must say on Friday thinking that this on Thursday night looking at it saying wow this should still go to a D I would have said yeah I don't know how this is going to unfold but look what happened the SOX which is three times short the direction shares three times short the asset measures I went from the 71 area just then actually says go to 70 plunge down to the 50 level that's 20 points I mean that is a big move and then what does it do in two days Friday it gaps up huge and today it spirals up and it's at 71.36 right now but it made a new leg D in the daily chart now I wanted to do this today and I thank goodness I would have forgotten it but now I can do this look the DOG which is the objective in Japanese methodology is to go from bi-signal upgraded to a bi-mode implying that you should get to a D well look at this you got your D in dog we've been long for quite some time since the August rally highs and then what happened was it pulled it stopped and made the 200 period exponential moving average orange line there a really important support level streamed I went to a peak C then it did a D and then it did an island reversal now look at this these are very unusual it makes an island reversal to the upside meaning that it left a big gap between the price on one side and the bar or bars on the upside and now you look at it and it says hey wait a minute last week it gap down so it's an island reversal to the downside no no no we've got an island reversal back to the upside again I mean this zigging and zagging in a one to one short the Dow I mean this is not just a baby index this is an important index it's a cyclical index basically and look what it's done because they're SHs so it's halfway a little bit more than halfway from the 38 49 high that was made to the 37 or maybe 3690 low now it's a 3791 but the weekly chart as an E is this E slash A I mean we've got a number of charts that look like this for now all I do is I put an E and I say the daily chart or the short-term chart is our benchmark we don't have to worry about the weekly yet although the longer time it says it's still moving strongly to the upside and the monthly chart is made because U-turn remember the cup formation talking about the U-turn show you live what we were looking at we went to that peak D in the one minute chart of the E-mini look left side, right side, price-time match just getting to that level makes a peak D and now it's plummeted down to a lower low so these patterns work in arch cup straight line they work in any time frame together I use on balance form you can use Tom's volume method you can use Larry's method using Fibonacci plus the Gaarty you know any method, Dave White it doesn't matter Steve Rhodes talks about his OUI you got OUI he talks about his level as the month you know he's got his own does that over again we got 78 we got 20 60 that's not good are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance define the ranges in which stocks trade by understanding these trading ranges David White is able to find the path of least resistance David White's trading newsletter The Path of Least Resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30 day money back guarantee take the path of least resistance at 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 of the market subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day 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 tfnn.com 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 Pesavento on stocks you need to pay attention to and you can 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 this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com so apple is trading down 62 at 139.46 in my weekend overview video yesterday I had mentioned that I thought that apple has a really good chance of coming down to test the left side law of 2021 at 116.21 it's trading at 139 that is 20 something points that's about 16% from down from here but that to me would be kind of the using apple as the late benchmark you had adobe you remember I use that as a nearer term I wouldn't say near term talking days I'm talking about adobe talking about if I just find adb there it is adobe going back to the high that was made at 699.44 in late 2021 I said this is one of the absolutely fantastic company cloud digital commerce it's just everything at that particular time and now it's trading from 699 to 283 and that starts like a Microsoft Microsoft be now more mid range in terms of benchmarks making a low low today gone from 349 down to today's low of 228 these are big moves and that was a high in November and then you get to apple which made a high back in January so we're talking about in sequence and yet it's only pulled back to 139 from 182 out of all of them this is the one that's late and it's just telling us that there's more to come in time and price in this particular market and I would have to say just keep it in mind you don't have to use as the benchmark or anything like that just say the latecomer to the this is like the Fed late to the party will be late to the ending you know those people in the party that stay and you keep saying I'm ready to go to steeper just starting here this is apple I have a lot more stocks tomorrow possible to do that and go back to the boat great program for the rest of the day check that out back tomorrow