 and the tiger financial news network update welcome folks we have the down industrials finished down 347 nasdaq off 310 s&p's down 66 that's a down draft inside the nasdaq folks of 2.1 percent 1.3 in the s&p's and nine tenths of 1 percent in the down industrials gold gold contract down seven dollars 30 cents trade at 1971 an ounce we have silver down 50 cents 23 dollars 82 cents an ounce light sweet crude off a buck 56 79 dollars 80 cents a barrel notes and bonds 10-year note down one sixth trade in 1026 the third year of 22 at 1209 and king dollar king dollar wants that 103 500 mark folks and right now it's up 324 102 600 euro is it 109 yen is at 143 british pounds at 127 to 1 u.s. dollar we get over and take a look at the s&p first we use the spy you get the spy yeah i done 81 million shares so you get an expansion of volume big expansion of volume actually so the spy is laying out here 450 you get that next step at 443 we'll see whether you know gets any support at that level where the 443 is where you broke topside there's a gap there you get you got all the above in order to get there basically pretty quick now it's going to get interesting let's see where this sets up well so this is interesting man we also broke a channel line today you broke a channel line in your broker with conviction yeah so we go to the cues we take a look at the cues what do you have with the cues out here cues also came down with volume 69 million the difference with the cues is that we do have right at this level it was coming into 80 that being said when you do take a look at it also though the bottom line is that the cues broke with conviction too they broke that channel line with conviction so you know because the trend was so dramatic meaning going back five months folks okay you got to be really careful here because it doesn't matter what you take meaning if you take a moving average if you use moving averages if you take a Fibonacci retracement the bottom line you take a Fibonacci retracement inside the SPX okay a .382 is 4 4 2 8 2 2 4 2 2 yeah 4 4 2 2 that's a big move have a great night folks have a safe night come back and visit Tommy tomorrow morning except nine o'clock yeah look at him folks