 news update everyone this is the tiger financial news network four o'clock end of the week watch the eleventh friday close with the doubt down 230 at 30 thousand 943 this is basal chaplain and i have the tiger technicians hour 10 to 11 daily and i have the opening call daily newsletter so i'm guest host i guess hosted for tom just a moment ago what we're looking at is just let me give you parameters so we don't have to over anticipate anything thirty two thousand five seventy eight about four hundred points lower than where we are is key initial support early next week if it takes it out the thirty two thousand two seventy two low on the twenty-fourth of february is going to be a target so that means there has to be some kind of a ready that takes the down on a closing basis this is the daily chart right here above thirty two thousand five fifteen to the thirty three thousand six hundred i don't care what it is that's what it needs to be able to say who now we can have another arts formation at least a decent ready into maybe midweek the weekly chart closed at least in the cell mode the day the monthly chart is still in a by mode hasn't changed status yet s&p the s&p 500 traded down to 50 up down to forty two oh four at minus fifty six almost the low of the day and it tried already it failed levels to watch are forty let me just give you this forty one fifty seven is the first level of support if it takes it out it makes an arch formation going back to test the forty one fourteen low of the twenty fourth of feb on the upside it needs to at some point it needs a close in forty three oh five or higher area preferably forty three thirty five but I don't know if we can do that we'll see the QQQ index one hundred a very ugly day down six and a half of three twenty four it hasn't had any real decent ready that it sustained three nineteen is a three twenty four three nineteen first support three eighteen will be next and certainly three seventeen area better hold but on the upside if it can break into the three thirty five three thirty seven area that is at least a good sign the IWM the Russell two thousand how it has been holding very nicely it hasn't broken up it hasn't broken out it's just kind of holding there most importantly over the weekend on Sunday night if gold which is trading in 1988 is a starter trading the two thousand and ten or higher area that's going to be very good for gold that has tremendous support in 1955 and crude oil crude oil at hundred nine has to hold one oh one night or 98 as support and we'll see what happens they have a wonderful weekend everyone we'll see you on Monday sharpening