 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now, toll-free at 1-877-927-6648. Double speaking before I say let me get out of Skype and call back, and now I can't get back on someone, right on the telephone, the old fashioned way. Alright, so this is what we're looking at. You see the dial is down 183 at 34255. Now I want to do this real quickly. I'll give you these are the charts that we're looking at, the technique that I use. This is the top right here, August 1st for the dial, and then we wait until we wait to see when the 9-speed moving average, or they could be upgraded to a cell mode, and it eventually turned down pink, and then there was a one day, a couple of days ago, where it went green again, the 9-14 went first immediately, and now look, here's the grays, the price of the dial. But look at this, here's the S&P with one hand, here's the S&P. Look at that, it also turned down to pink. This is a data chart, but wait a minute, the QQQ a couple of days ago went pink, 60.39. Here's the IWM. The IWM has gone green since it went pink way back early August, but wait, look what happened, the weekly chart on the Russell 2000 just turned pink. This is the weekly chart, the others haven't yet, so it's going to be really important. I'm going to discuss my scenario in a moment, let's just get back to the data charts and I'll show you something else. The SMHs, the semiconductors are really important. They're very weak today, they're down to $1.68, 141.94. Look at this, the 9 is way under the 14, the price is way under the 9, it's the exact opposite of what we're looking at in the dollar, where the dollar is way above the green 9-speed moving average and the 9 is way above the 14 at 105.49. Look what happened to gold, gold was trying to cross positive and then it did cross positive for a couple of moments and yesterday it had a very nice move, hit the 200 period exponential moving average and now it's down sharply, down 26. So this is a market that we've got to monitor really closely. Look at the TLT, that's the bonds, down almost two points, 91.11. Now I expand it to the downside and here's the TBT, that is the opposite. This is the short side of the ultra-short nemen, sharply higher, prices over the 9, 9, over the black 14 period moving average. We've got to monitor all of this very, very closely. So as I go back to my charts right here, I could see just on the one minute chart that we were getting, I had this arch formation, I drew this in, I didn't subscribe, people in the den could see it as it was coming on. Before 10 o'clock I had already drawn this at 10 minutes at 10. I was drawing this arch formation, made a peak D, hit the 200 period moving average reverse and I drew a one to one to the left side which said at about 9.53 the left side low of 8.30 around about, let me give you the exact price in the one minute chart, that was at 44.25, that would be hit when it did it and it went below it, went to trough E right there, and now you've got A, B, we're in leg C to the upside, as a very oversold early morning, Selov is now attempting, and this is the thing that's been worrying me for a couple of, I'd say for about a week and a half, is that the market was so optimistic, every time, every interday, there was a nice rally in the market and by the end of the day, most of the days they'd have given it up, given it up quite badly actually, so that just seems to me there was way too much optimism going into the Fed speak, so this is kind of a scenario I'm looking at right now. The day's young, so anything can happen. What I would like to see is a very weak close today, at least the Dow below 130 and the S&P below 32, tomorrow, Friday, going into over the weekend, everyone's talking about the end of the market, the rates are going to the moon, blah, blah, blah, and then Monday we get that really strong reversal, if today we close only 40 points down and tomorrow's just a meandering day, you can't do it. I want an acceleration, a three-day acceleration, right into Monday's low and then we should see the VIX index, it's actually a little, there's another problem. The VIX index trading right now, I'll tell you what it is, trading at 16.42 up $1.28, let me get out of that ESZ23 and then we'll get back to the daily charts, weekly charts, etc. Right here, one hand, getting quite good at this, maybe it's all that tennis I play, the VIX index. Yeah, look at that, this is the VIX index, just five days ago it's down to the 12, now it's 16.45, 12 to 16, four points, 30% off, this is a big gain. But what's really interesting is that the load that was made a few days ago at 15.57, the load that we're looking at is 12.73, the week of the 23rd of July of 1973 and retested at 12.74, one penny higher. So this is a peak A, that's a peak B, but we have not stolen active being a big B. So I wouldn't be surprised if we actually do get a late C over the coming few days and that goes over 18.88. So you won't get that unless the market really starts to turn down again a little later today and then goes like the Dow goes 180 down, the S&P goes back to 45, minus 45, but at this particular point, even with which we've gone higher in the VIX index and the amount of move that we've made down in the general market is not quite proportional, maybe the VIX on the last two days got a little too excited. I mean, maybe there has to be some kind of a rally in the market that the VIX can pull back. Now, if the VIX by the end of the day, it closes above 16, it's a 16.48 today and then tomorrow they could be really, I wouldn't be surprised that the dollar, look, the dollar, remember for maybe a year and a half, I mean maybe it's even two years, I've been emphasizing the family methodology, the G is important, but when you get to G, I invariably have a parallel count, say G-C, in this case it's an F, why is it an F? Because that high right there is below that T, that's E-C, F-C, and now we've got a D. When you get to a D, other things can happen. I need to talk a little more about the dollar and the other currency, the battle chapter. I'll be right back and we're going to try to get back on. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. 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, 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 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. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, 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 Hey, at 1-877-927-6648 internationally. At 727-873-7618 Hi folks, we're live. We're back. We're back on Skype. That means I can take this off in a second just to look live. I'm getting all my charts back from Trade Station. You'll see me after you get back there. I say yes, and I'm going to go to my little type it in. We're all set, and now the charts will come back. As the charts are coming back, let me just talk a couple of moments about what I'm looking at here. The larger trend has gone from the daily being very... I wouldn't say serious, but it's been very important to monitor it because I've had cell signals that have gone to cell modes in all the key indices in the daily charts. Within that context, the weekly charts, as I've said now, really for quite some time, I have nothing in the weekly charts that's up until yesterday that even suggests that they're going to give me a change from the buy mode to at least a sell signal. That makes the close going into Friday for a clock where the weekly charts close each bar in each time frame, and that'll be the weekly time frame. What happens there is going to be very important going into Monday. That would be that we get almost a sell signal at Friday's close, and then into Monday it's like a sell mode because it's so sharply down, and then we get that big reversal. It's a possibility, but there are a couple of things that I'm looking at here that says, this is probably a process that we're looking at. The Fed has been very articulate in saying for them it's a process, and therefore I have to look at it and say within each sector, and I did this on my subscribers when I do my weekly video, which is about an hour long video where I'm looking at what's happened, what we're looking at in terms of positions we have, as well as what I'm anticipating, and in that context what's really, I would say key is what happens with the weekly charts in relation to everything that we're looking at. Now let me just do this, I'm going to expand this out, and let's just go through it separately. I've got questions that I've been asked. I will get to them, but I'd rather just at the moment show you. That is not just a spec. This is not just a little piece of a crust of a bread or a toast right here. That is the price of the TLT trading at $91.28. $92.23 was the low back in around the 21st or so of August, and it goes all the way back. Maybe you know it'll be even better. Let me do this on a weekly basis because I am going to be talking weekly charts. So let's not mess around. Let's just go straight to the weekly charts. So here we are in Leg D to the downside in the TLT. Most importantly, what I am looking at here is there was a left side, right side price time match. I chose a particular candle as the midpoint as the plum line, from which you can count the number of bars on the left, going up to the number of bars on the right, going down back to that point of $91.85. It's a little extra, it's about four weeks longer than I was anticipating, but today we did it. But look, the MACD is weak, the stochastic is very weak at 15%, but on this chart, the unbalanced volume, this blue line says, you are really close to at least an attempt to get back into the 92s, the 92s in the TLT, right? But it doesn't say it's going to happen. It just says, remember I use the unbalanced volume. So the only thing I use as my overbought and oversold readings, I use other things, of course, but that's the one that I say, that's getting overbought. I don't say the stochastic at 15% is oversold. That's what all the books tell you that under 20% is oversold and over 80% is overbought. I say that, I don't know how they came up with that. It is fantastic. Look, when the price holds in the stochastic above 80%, the market is doing well. When it's under 80%, you've got to be careful. When it goes just to 80% or over for a couple of bars and then breaks down, watch out, you're in serious trouble. So I don't like the term. I say that that's what you, if it's over 80%, that's what you want to see if you're long. If it's under 20% and you're short, that's what you want to see. So okay, with that said, now let me do a couple of other things. That's the TLT. Look at the dollar in the weekly chart. Well, the dollar has all this left side resistance that is testing right now. And that's back in February of this year, the week of the 24th, it goes to 105.32, 105.36, the week of the 3rd of March, and then it goes to 105.68. This is the dollar index, the week of the 10th, and then it starts to come down. Well, we're just revisiting that area. So when people say, oh, the dollar's strong, well, you know, it bounced off what? The orange 200-period exponential moving average perfectly. What a beautiful indicator this is. A tool that you just put there, you don't have to use it until you have to use it. And when you use it, look what it did today in the one-minute chart. Look at this. Look, the guy you got repelled from this 200-period exponential moving average. Just one tool, do you have to use it? Can you make fun of it? Sure you can, but you better use it when you need it. Right here, look at this. Look at the way it tried to hold over there back at 3.40. I was at yesterday, it must have been, it was at this morning on the 21st. Yeah, that's this morning, early in the morning. Look, it couldn't break above it. And then it touched it once. It was goodbye. It was goodbye from 4.30 in the morning until it retested it just a little while ago. Right here, I'm scrolling to the right. When did it retest it? Right there. You always get a clue with the 200-period moving average. It gets close, gets repelled, but then if it holds pretty well, it's going to break above it and that's what it did. Now let's get back to our weekly charts. As we go to the break, the dow is down 100 and 107. There's a beat down 37. How about that? I'll be right back. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors. Let me just do this because I've got questions coming in. I don't want to run out of time to do the questions. The question came about Eli Lilly. You remember, I said, I would be waiting on Lilly because it's had a spectacular move. It needs to be pulling back a little bit more. Great company. If it does make this arch formation, I said, and the nine-period moving average does go pink. That means you've got more time, but the whole area, I said, give me a yell at 550, I think it said 553 to 551. We're at 553 right now. It was actually at 568 round number high this morning before, as it gapped down. No, I need more time on this. And that's the, if you look at this, you look at Merck, Merck, holding on the 200-period moving average. It has to be up 26 cents today, 107.56. If you could know of a disc, I wonder if I've notated that recently. I remember doing it. Nova Nordisk, and I think I did, but now it's gone. Breaking down. There are many others. ABB, I haven't actually updated this for quite a while. ABBI, is that what it is? ABBI. ABBI. Well, I went to remember it right now. I thought it was ABBI. I guess it's not. Maybe it was taken over something. So all of these particular stocks are just saying to me, let's go back to Merna. You remember, Moderna, I said, got away, you got away. It's holding quite well above the left side low at 95. It's at 101 right now. So just give it a little time. So the question, ABBV. Oh, of course it's ABBV. But Demi is so helpful. Thank you, Dan. Yeah, ABBV. This is holding much, much better. It's a different kind of company. And this is ABBV. This is a conglomerate, and I can't remember who it was with. Anyway, it's in the pharmaceutical area. Maybe biotech. Holding much, much better. This is one that I would actually look at sooner than Eli Lilly. Not that Lilly's, there's anything wrong. I just think Lilly is in the digestive phase. This is one that says I'm still holding really well, even with the marketplace, so shaky. And that's what I was talking about when I showed at least three of all these. Remember, I showed you AAP for subscribers. I said, this is advanced order parts. Look how horrible this is. And yet look at AZO. Same area, order zone. Even now, as we're speaking, it's still within a dozen, so at 2,543, the all-time high, one of the most recent I should say, was in the 26, 2630s, holding quite well. And the other one was Orly, oh, RLY. Look at this. Holding much, even closer to its all-time highs. If you go to the bank stocks, look at this. You've got Berkshire Hathaway. It's in the financials. It's not a bank, but it's in the financials. So I'm showing it. Berkshire Hathaway, look at that. Near all-time highs. All-time highs. This is Berkshire Hathaway. It is the United States economy. It's in everything that's important. Oil, insurance, you just go on and on. Finishing, you just name it. Banking, just it's a plethora of different things in every field. And yet look how well it's holding. But look at this, Bank of America. It's way down here, faltering. So I wanted to just mention that it's in the sector. Let's go to, look at RIG. This is Trans Ocean. Pulling away, it just hasn't been able to break out with oil doing so well. Yet it's still holding pretty well. But look at Exxon Mobil. This is a, I mean, a multi-trillion dollar company. Look, it made that peak C right there. And then it made the leg D. And today it's making, and then yesterday it made a peak D. There it is, D. And it's almost at the, at the highs. So all of these things are doing different things. So let's go back to Lilly. And the question was, Lilly, and I'm just going to say, hold off on Lilly. And I'm going to make, of course, I've already moved quickly past it at every, let me write that down, every, I'm going to just keep it for subscribers as something that we might consider in that area because it's holding so well, but not yet. Okay. So with that said, next question came in. Could I just do Apple quickly? Look at Apple. I don't know if you can do it quickly. I didn't just say the dreaded age pattern. The week hasn't closed. Anything can happen. You've got until Friday at four, but it's gone. Look, there's the S. That means that it's gone from a cell signal in the weekly chart. I have to wait for Friday, but it's possible it's going to go to a cell mode, meaning it's probably going to take out the 171.96 left side low of August. So we're watching that closely. What was it? Microsoft. Microsoft. Where did that go? Where did I type it? Type, type, type. We'll put it over there. Microsoft. Microsoft arching over peak D doji candle. The weekly chart has got this arch formation. 366.78 was the old time high back at the beginning of July. And yet it is a 321. It looks like it wants to take out this left side low. It's going to be very important week coming up. What was the apple? Amazon. Amazon. This is the retail sector. I'm sure you can actually call it retail. There's a peak D down arrow in a cell mode in the daily gap down today. It's down forward 131. That weekly chart made a leaky. It's almost certainly going to be a peak E. And look at the weekly charts. I'm going to open these up to show you some fantastic things that happened in the market. Look at 146.57 was the high in July of last year. I think it was July or August last year. It plummets down to 80. I would have to say that's 40 something percent decline. 143.63 was the high. Just four or five weeks ago. Just three points underneath the previous high. And then what does it do? It has a big spike last week. And it goes to 145.86 within a point less than a point. Let me just put that in 145. I can't believe this. It's within one point of a high that was over a year ago. And now it's pulling back. So I am calling this a huge digestive phase. I know there are a lot of people talking about the crash. That's coming. I'm talking about the S&P which is training at 43.65 going down to the 4,000 level. You could be a hundred percent correct. All I'm saying is from my eye because it's taken so much time with so much damage in so many different areas and different stocks that we've already accomplished a chunk of the digestive phase. We just might need a little bit of follow through in the weekly charts. So immediately to a cell mode and that gets switched within a week or two as the markets come back again. I don't know. I'm just saying that's the way I'm looking at it just based on all the evidence. Yes, you can get an RH in the same thing that I'm talking about that you can get. Look at this. Home Depot. There's a weekly chart. Home Depot. Look at that. How it holds so well. 27.25 was the high back in 2022. Pulls back, has a balance and a balance is to where? It balances to 341.47. That was the week of the third of February of this year. It goes all the way to test for three for about two months. It tests the 200-period moving average. It decides to go. I see with the Bible, the ABCD has a quick pullback goes to E and where's E? E is 28.17. It's the high we were looking at before. I'm 37. With the two and a half points announced, these double tops and bottom bottom bottoms are really important. That's why the TLT. We've got to monitor real closely. I'll be back. The 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. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. 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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. Look, there has to be only down 35. The Dow is actually down 97. I don't want to see that. There's just, in today, there's just been too much optimism. I would, as I typed into the den, I would much rather see the Dow down about 370, 385 right now, going into a really ugly Friday even if we just return around Friday. Not Monday. But there's just not enough negativism here. Almost every day the worst of the Dow has been maybe 270 points occasional, 300 points down. And that's almost like programs selling. It's not like the public was just selling, saying, selling. Something's not right here. And that says to me, we're going to have to take time. This is a process. It's not a simple one and done. So with that said, a couple of questions came in. Would I look at, so this is the one-minute charge, you can see it's bumping up against the Chapman Wave, inside track, repellent zone right there, and the 200-period moving average magnet. So we're going to have to see. Can it get to, is it 44, 44.10 right now? Can it get to 44.22? That to me would 44.22 to 25 would be not just a breakout, we're saying, wow, we could see some buying and selling. I don't think that's the case. I think the sellers are there, the buyers are there, and they mix it up all day. So now what I want you to do is this, semiconductors. This is the weekly chart of the semiconductors. Look, we've got a Chapman Wave inside track, Propellent Zone, which very soon could become a repellent zone. You remember we saw that was that Apple, the weekly chart, Apple Week, yes, Apple Weekly Chart went out and it didn't even get to the resistance because it's making the dreaded H pattern which is a way more powerful thing than any channel because it tells you about the speed of the direction. The speed of the direction is in the H pattern when you go only to an A or a B and the next bars are really very weak. It says, be careful because that left side low, it's tempting to take it out. So let's go back to the SMHs and look, I'll show you this on each one. Here's the semiconductors just for clarity purposes and for just the clarification. We are short from 2.159 35 was the high. Two days later before the open, we went short the SMHs at one Oh, no, there was this one. Sorry, what am I talking about? This is a weekly chart. Let me just get this back up here and I'll show you something very interesting. We've got this right here. So here's the daily chart. On the 31st of July 161, 161.17 was the high. Oh, I was meant to show you that to show you the double tops. Isn't that amazing? 159.42 in November of 2021. Plumice down to 83, that's almost a 50% hacker, comes all the way back and makes it all time high at peak D in the weekly chart G-B in the monthly, I'm suspecting it's only a B, then the monthly and E at 161.17 on the 31st of July has doji candle, wonderful clue said to me Oh, gotta be careful because the very next day we went short to down the August the first Yeah, August the first and then the following day the second of August before the open at one 159 just over 159 we're sure we'll remain short and what's really fascinating about this is that we also use the SOX S three times short I had of the other day because we subscribed at two 1077 and it just got taken out and then that intraday market turned we never got back in and now look where the SOX three times long is so not complaining we've got our short positions not a problem but look at this leg D above the peak C at 1184 that was made back in August now look at this it's a red candle meaning that there's an attempt at a rally in the SMH's but look at that 1184 hide which 1207 days young this is a daily chart but look at that beautiful I forgot to type this in I thought I had it and then it got taken out when my program closed suddenly the other day look at this this is the chapter wave technique of the plum line there's your plum line there's your midpoint and anticipating the same number of bars on the left side to get you to the same number of bars on the right and look it missed it by one day and today took it out says a day late but it certainly achieved what it needed to achieve so this says on the shorter term the SMH's look at this have taken out the left side low just as the SOXS three times long short took out the upside so 143 35 was the low should have put the date on the 18th of August and today's low is 141 27 isn't this fascinating I don't know if we did the one to one to the left side no it's a day late yeah it's a day late year as well for the art formation with the plum line and but now look at the weekly chart there's your dreaded H what's the dreaded H in the chapter wave methodology we use three basic core patterns one's the straight line up or down straight line up or down others the cup formation others the art so it's just these three patterns and a mix of the three one and two or one and three this is one and three the dreaded H comes back down makes a dreaded H fails at a peak A takes it out fails at a peak A takes it out goes to the left side low goes to peak A B C now the fact that it's gone to a C says that you've used up quite a bit of energy to the upside but you've also kind of used up the energy for the for the downside smash so I would say we're very close to at least an attempt to get back to the 144s in the SMH's but the trend right now says the on balance volume that's this little line right here look at that that says it's not maybe if I extended out yeah even if I extended out you can see how oversold we were there when we had the big balances so this is not yet oversold enough stochastic said eight percent it's getting to the area that says very very weak let's go back to the the weekly chart and the weekly chart is holding quite nicely in terms of the on balance volume stochastic said forty one percent Mac these week and the 9p moving average is still nicely above the 14 but the direction is both of them are down and the price has gone under we've still got another day and a half to go I never like to make a call on a bar before the time is up you have to wait for the bar to conclude normally wait for the bar to conclude and then start the next bar because it could be a continuation pattern question about SLV or is it a statement SLV is the silver chart yep it is trying to turn around but you look you've got your dreaded H oh this pattern here if it makes a successful left side low it could bounce again and make an H to an M that's a lowercase H to a lowercase M pattern before it really takes it out or that'll be the turnaround to the upside so beginning watching this because this is the H hasn't taken out this left side low oh it has just did it the low was 2046 2045 20.45 in the SLV the week of the 30th of June and the low that's right oh it's hell good okay that's what we're talking about the lowercase H goes to the lowercase M how it falls to the left side to forth but that changes the week in 2036 like a magnet it's cool alright I'll be back 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 possible 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 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returns basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live if you're serious about making money in this market head over to the front page of TFNN.com today to sign up for Teddy's live stream TFNN educating investors don't forget you can listen to TFNN live on your mobile device 24 hours per day TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV I thought I'd just highlight what I did before because this is the technique that it's just so easy to to apply look I drew this in here's a chapter we've inside tracked repellent zone I joined those highs and I made that particular high where did the price of the E-mini go it went right to the number and then it turned around and it made a lower low and it took out the key support level so technical analysis is all about repeating patterns over and over and over I thought I'd do this because I was asked about so the SMHs where's the SMHs going as far as I can tell there's a really good chance that we're going to go into this ugly candle right here and that's the candle of the 26th of May with a high of 148.33 and it's got a 148 and a low of 127 and I would say the midpoint that's going to be really critical is 139 a close under 139 at any time says oh it's got even longer to go in time if it holds very well it says okay watch this maybe we can have another balance and then you can go to what was resistance and we'll see if the pink the 9p of moving average which is green in the weekly turns pink look you can go through any one of these applied advanced micro devices arch formation goes from a lowercase h to a lowercase m in the daily where's my mouse hey mouse there it is there it is and it goes in the weekly it goes through peak e and now it's pulling back under the 14p of moving average Nvidia this is the the leader of the group we spoke about this that was an aberration to the top at 502.66 and now it's trading at 416 and it looks very much like the weekly chart is starting to see the price go under the 14p moving average but that 9 is still way above the 14 and gives it room to bounce I can go through more now the question came in about the crude oil I never did crude oil the crude oil is holding well it's up 51 cents today right at the 9281 continuous contract high on the left side and the recent time was 9243 so here again you got the potential for these double tops and double bottoms we'll be seeing that over the next training sessions tomorrow in my Tiger technicians hour check out my opening