 T F N N headline news update. Good afternoon everyone Basel chapter here on this Wednesday the 24th of May 1 p.m. market update we're looking at the Dow down 258 to 32,795 interesting enough it broke that pattern that we look at very often that the lowercase h that goes to lowcase m took it out sharply underneath the 200 period moving average the Dow has been in a cell mode for a lot longer than any of the others in terms of just turning down because why the S&P is only just now turned down yesterday was the confirmation that it was pulling back I would have to say that by the end of the day there's a chance we get a cell signal that's not a cell mode it just says the designation is that the technicals are starting to turn down enough and there's a close underneath the nine-period moving average and that says we could go deeper but at this particular point down 37 at 4108 the key support is at the 4102 to 4097 area just near term the QQQ QQ QQ Q is the index 100 and this is the second red candle that it's had since it's made its recovery high of 338.67 all time I is four over eight and is slumped down to the 254 level so this is a very good rally over 90 points it's at 330 right now down three points the daily chart is still holding very well the weekly charts still looks very good so it's the levels that we look at at the bar on Friday for the weekly chart because if it closes under last week's candle that will be a negative looking at the IWM the IWM is trading down sharply it's really it showed strength for the last couple of days and today's very weak but the whole thing here is the gold gold is trading down 13 at 1960 it looks very much like it's gonna break key support on the left side if it does that breaks the 1950s then there's a good chance that the 1960 200-period moving average somewhere between 1922 and 1916 will be hit as the dollar attempts a little bit more of a rally it's got a good candle so far up 35 at takes a 103.89 it's it's testing the 200-period moving average that it hasn't looked at since in March when it was up in the 105 for 104 area so at 103.89 this is very good action TLT that's bonds are bonds are given back some of the earlier rally attempt I think at a 100.94 we're looking at the 99 key support being tested very soon I'll be back in a moment I'll include all had a very nice ready it's getting