 The following is a presentation of DFNN the Tiger technician hour with your host Basil Chapman call now toll-free at 1-877-927-6648 Hi folks Basil Chapman here on this Tuesday the second of April we're looking at the Dow down let me just get this updated the Dow is now down 437 points at 39,128 just held the Chapman inside track support level we're looking at the S&P and one of the reasons why we remained short the Dow is that I was looking at this and the more charts that I went through and I have to tell you round numbers I'll talk about round numbers in a moment I have one two three four five six seven eight nine ten eleven twelve thirteen fourteen this is just on a real quick basis last night 14 stocks that made all-time highs with a round number high I this to me is just I've never seen that before ever and anyway let's just get on here so the S&P is down 51 at 51.92 is now underneath the 14 period moving average but to really get that green nine period moving average to sink under the 14 to go pink you're gonna need at least another 50 points at least in the S&P downside QQQ same thing holding very nicely up until now now the green line is moved down with the black line but it hasn't crossed negative it's very close the Q's are down six at 438.90 I need to go to this right away to show you the IWM which is the Russell 2000 holding the other highs not the all-time highs but the most recent highs in the 210 to 11 area is now down at 205 I mentioned yesterday to get their green period moving average to go under the the black 14 period moving average to change to pink it's going to take a lot probably 203 well here we are 205 the load today so far is 20458 looks like it's gonna have to go even deeper than that so it's down three at 205.24 now let's go to the gold so the gold this particular point is up even more it's up $33 at 2290 leg D in the daily leg D in the weekly leg a gray leg B in the monthly hasn't the continuous contract gone above I don't like to type the price in because that always changes because it's a continuous contract gets smoothed out so that high on this particular moment is September the 20th it hit 2222.1 we are now at 2295 we're at not the highs of September of 2021 which is at 2339 but really close this gold is really now I think that this look if you've got gold doing this you have to check on silver otherwise it is a geopolitical economic trade so at this point silver has to be playing catch up so it's up 59 cents but it's way behind it hasn't even gone through the chat wave inside track repellent zone in the weekly chart and that just says to me see what platinum is doing not that they're related yeah platinum's up quite sharply let's see what palladium is doing pal they are finally it's moving I know it's doing nothing yeah this is very specific and that means you've got the dollar holding really well down 15 tex but holding in the upper range is still an egg C in the weekly chart that's a big deal but the fascinating part of it is you've had gold in the dollar going in the same direction I believe very strongly that that's a geopolitical aspect because the GDX is moving higher it's up quite nicely it's up 32 cents today 30 to 35 but it's not great it's just barely above the left side high in this chat wave cup formation that we look at always for the pattern for the plumb line which we couldn't use we use the plumb line of the roundabout the 12th of February for a left side right side price time match but it's not a time it is a price match going to the high of the GDX the gold miners of 30 to 35 back of the 22nd of December before plunging and I have to say plunging to 2567 because 30 to 25 7 points you're talking a big percentage and now it's come back in a shorter period of time but it's just barely snuck above that high so isn't this interesting the weekly chart yes has gone above the inside track repellent zone that's become a propellant zone of the 29s but look at the monthly chart there's nothing great here I think this is a geopolitical phenomenon not only that let's go to the EUR USD this is the US USD this is EUR US oh first of all I need to apologize subscribers I sent out four times my newsletter I started off at quarter date this morning when the SOXS was trading at about three dollars and 16 dollars and 15 cents and I said we want to rebuy it we had had before we want to get back in and that would have been just perfect because here it is at 331 so I didn't add I've got my email which is completely messed up through passwords I haven't fixed up later this evening and what happened I didn't see that my newsletter never went out and I'm tutoring along I had other big issues going on yeah my own personal stuff that I had to organize a position that I thought I'd put on perfectly yesterday which evidently I did something incorrectly so I'm busy fixing all the stuff up and I started to get messages to say what's going on but I didn't see it in my email I always get it says the traders call it's gone out I didn't see it so I sent it again it didn't go out I sent it again it didn't go out and then finally thank goodness Jacob our wonderful tech person who does great job even with the shows really just really was a help to me and he said he sent out my newsletter unfortunately we didn't get the position that I said it was so timing was perfect this morning anyway we are short the down we wouldn't be short the semiconductors as well in a new position and yeah they are tanking the semiconductor look at this SMH is trading right now down almost 5 at 223 this whole area the 239.14 high of August 3rd look at this NVDA Nvidia down 25 at 879 had a round number a round number 974.00 all-time high are around about the ninth or so of I should put in the date right around about the eighth the eighth of March unbelievable and I don't want to go through all the rest but they are just I think this is going to be something of great significance over the coming weeks it could start to come back to all-time highs I can have no doubt that leadership says is leadership but this is going to be really important look on holdings there we go ARM round number high of 160 164.00 on the 12th of February the year it is 1, 2, 3 I mean I could just go on and on and on but right now we're looking at the countdown 475 I'll be right back tight gate munitions hour let's see what happens in this hour if you're looking for potential trading setups in the stock market then Rocket equities and 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 and 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 in the world of trading only a few names stand out like Larry Pesavento a pros pro with over 50 years of experience Larry has seen it all former Chicago Mercantile exchange member Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise introducing Fibonacci 24 7 Larry Pesavento's daily trading service that turns the complexity of markets into opportunities published every Sunday receive a comprehensive report packed with detailed commentary charts and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers whether through charts or videos Larry's analysis is your roadmap to navigating the markets you can sign up now at TFNN.com for just $97 and with all TFNN newsletters backed by a 30-day money-back guarantee you have nothing to risk for all the details visit TFNN.com you'll find Fibonacci 24 7 right under the newsletters tab hi folks this is Tom O'Brien it's the 22nd anniversary of the gold report can you believe it we've taken 22 trips around the Sun 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educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris's for just $1 for the year 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 toll free at 1-877-927-6648 internationally at 727-873-7618 for some reason one of my emails is working so because pvh this is pvh clothing company pvh corporation down 30 and 109.59 down 21% then there was a VFC down 1 in 1423 yeah not so good and Tesla TSLA Tesla is just getting hammered down 8 at 166 I think I think there the numbers that they have are out and then of course to go with everything at 940 my internet goes out what a day but everything came back and here we are calm as calm as can be we're looking at the EUR USD trading just barely up at 1.07 you see this is what I'm talking about it's very unusual circumstances USD JPY this is the yen holding steady up at the higher range 151.54 of course the higher it goes it shows weakness actually but the yen is moving higher all I can say is this is extremely unusual circumstance let's see the VIX index so now I don't mind if the VIX index is sharply higher but this is really higher at 1541 up 1.76 over the 200 period exponential moving average it's done that a couple of times now is this going to be one of those situations where the VIX index suddenly wakes up toodling along in the 13 sudden it's in the 15s look it's making higher lows and not yet higher highs but the fact that the Dow is all way off its high the S&P and let me just check in time Sbx.x now this is something that's also only three days ago but it is from 52.64 to 51.86 about 80 points lower yeah so the VIX can move it's a little too much in system we maybe we've got a little overboard maybe there's going to be some kind of a balance however look how interesting this is look here's the continuous contract the ES this is the continuous e-mini contract it is an all-agd in the monthly chart it is an all-agd in the weekly chart see the S&P's only in C the cash cash is the most important but I'm not ignoring the fact that you finally got a leg D and it's only a leg afterweight until next week before we can consider it to be a peak you have to wait for the next bar to have a lower high bar before you can talk about it as being a peak right now still a leg D this is a peak F in the 120-minute chart but wait a minute look at this NQ is actually in a at a peak E so really been at a peak E for a while in the weekly chart it's at a peak D this is a chapter in methodology just for those of you new to my work the object is to go from a bi-signal upgraded to a bi-mode meaning that you should go to at least you not not you but the instrument you're following should go to at least a peak D it can go higher EF or G but D is already the objective in a bi-mode so we've already got that accomplished here but if you look at the QQQ and the X100 it's at a peak D and holding quite steady not too bad in the weekly chart and a peak F of 449.34 in the daily chart leg it's only a leg B in the month each other's all over the show let's go to the IWM so that will be RTY the RTY is already a leg D in the weekly chart only a leg B in the monthly and a peak E slash B is probably an E in the daily chart but if you go to the IWM that's actually at an E so all I can say is I don't have everything in sync to say this is the move that should be really sharp to the downside what I do have are all the indications that there should be some kind of a breather over the next couple of weeks and there could still be one jagged move to the upside in a couple of these instruments to go slightly higher but now I want to do show you this bonds look at this weekly chart I have to wait for Friday but so far this is the first time that the 9 period exponential moving average is crossed negative in the weekly chart since across positive way back in December the week of the 15th of December of last year the daily chart doesn't look very good but it did nick the low that was made background about the 20th the 22nd of February of 117 and 1230 seconds but today's low is 117 and 530 seconds if you look at the TLT remember even here there's a slight difference the TLT slightly different chart formation just slightly different because it's based on the ICS 20 year Treasury bond ETF 9201 was the low right about the 22nd of February and today's low is a 91.33 so just a slight difference in the actual pattern but basically it's almost the same thing in the sense that the 9 period moving average has crossed negative but I have to wait for Friday to say that the weekly has closed negative so it's it's a process that's unfolding right now a question came in could I post the uranium chart are you an M yeah uranium trading I just have to refresh there it is trading at 51.55 down 57 cents just making this U-turn little inverse head and shoulders cup formations gone above second day that has gone above the high that was made right here on the 8th of March so my target would be this cluster formation at the 52.40 level look this is really bullish but at this point I have to wait the full week before I can say it's bullish on the weekly chart when the price of the 9 period moving average when the price takes the moving average down but it holds green and doesn't go pink and yet the price has been 1 2 3 4 5 6 even this week it's been underneath the black 14 period moving average this is six weeks seven weeks and it didn't turn pink that can be very positive look the daily chart is already so and moving higher this is leg a leg b so peak a peak b leg c right now and that's what I've been talking about for quite some time that there's a chance in uranium is the surprise actually it's gold but it would have been uranium that was the surprise in 2024 because it's holding so well it could survive a whole bunch of big negatives if this is the case and that would say that if on a weekly basis in April there's a close above 54 75 I'd prefer 55 but I'll say 54 75 then there's a chance that we could tackle a leg D in the monthly chart above the 57 was a 58 58.86 high that was made the week of February that was in February right so that would be really important and key support is absolutely 45 so break below 45 will be very negative hope that helps you yes now oh as we're going to the break I want you to do one thing that I was asked about no no test no I did test that let me show test the TSA yeah it's down 9 and 165 84 I'll be right back dazzle chapter taken this is our guys have 410 if you spend any time online researching trading techniques on how to begin your trading journey you've no doubt come across many folks who push forex trading as a way to make big money quickly unfortunately there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market this is what sets Teddy Keck stacks the Tiger Forex report off the riffraff every Monday former Chicago mercantile exchange member and author Teddy Keck stat releases his Tiger Forex report newsletter where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading furthermore all subscribers receive access to archive live streams of Teddy's where he provides university level education to help you in forex trading all first-time subscribers receive a 30-day money-back guarantee so what are you waiting for forex awaits many trading newsletters attempt to focus on a narrow set of equities or commodities while this works for some it oftentimes misses many opportunities that possess huge gain potential but how is an independent trader supposed to scan the entire market looking for these hidden opportunities one simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive and over that time he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices selective stocks and more opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification all first-time subscribers receive a 30-day money-back guarantee so ignore the pop trading influencers and start learning time-tested technical analysis are you ready to take charge of your financial future TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air check out the tiger's den for just one dollar and follow us on YouTube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better join us and experience the difference today TFNN educating investors this portion of the Tiger technicians hour is brought to 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Read carefully. Distributor for side fund services LLC. I sent this to the den tiger den much earlier this morning around about eight after I thought I'd already sent out my traders corner my service my opening call service. Anyway there's a cup formation in the e-mini 120 minute chart. So the high that was made about 53 20 back on the 2020 first 22nd of March pullback I could not use the plumb line at the very bottom. I use the word this one of the techniques I use I use this midpoint right here and we took you a little longer to make in a shorter period of time we made a higher high made a high of five right here of five. That was yesterday on the no on the 31st of March and we went to thirty five three three three point fifty and I showed that there was when I showed it we were about over here and I say this is the arch formation and that today the fifty two sixty three low that was made around about the twenty six of March. That would be the target but the moving average the two hundred feet moving average of five to five five is really important. Well we took it out so this cluster formation over here becomes a really important support in today and I'm I don't know if we're going to take that out now without having a decent balance. But this is the also didn't mean to put an oval. I can keep the oval right here. That's the whole area between and it takes you to a low of fifty three no fifty two thirty three and we already have made a low of fifty two thirty five point zero zero this morning. So that's that's the pattern we're looking at. Now I had a question about MRO. I think I had a question about yesterday. MRO is Marathon. Marathon Oil. There we go. Marathon Oil Corporation. Yeah. Going to recovery not not all time highs but at least a high of the past few months at twenty eight point sixty three and this is Marathon Oil Oil Service. So another question came in about rig. So rig is straight. I spoke about this yesterday. It was holding very nicely and with oil pushing up so sharply you'd expect trans-ocean limited offshore drilling oil and gas to being quite nice. Let's see what gas is doing. NG. Oh gas is a UNG could finally be on the move. UNG is trading at fifteen fifty two up thirteen cents. I would not be surprised with all the different commodities acting so well that you might be seeing a little bit of a rally or even though the winters finished in the natural gas just a kind of a reflex action. So in terms of weekly chart with the rig this is just a single leg aid. I was fascinating to me because here you have a single leg A going from a low of four forty five area back around the mid mid February and leg F in the hundred and twenty minute chart. But look at this. There's a Chapman instant restart. If you get to a peak D and within three bars you make a new high high. Now you've got to consider that as an alternate count. E-A-S-B are typed in G-C. That's the only one you're ready to type in as an alternative because in your mind you should be thinking parallel count and invariably G-C goes to a D and here you've got your D. The MAG-D the moving average conversion say version strong stochastic at ninety percent strong on balance volume a little overbought the nine period moving averages way over the fourteen and in this pattern that I spoke about when I was showing the chart the other day this first cup formation now I can draw in the second potential cup formation and then we'll take you to this high right here. If you took it to this low right here I couldn't use the plumb line before because it was lopsided. I used that candle right there now I can use this line right here the actual low and I can go make this green and make this one pink. So here we go green and that takes you all the way to the way past next week. So even here is a little lopsided that takes you to the 11th of April. The way it looks right now we might even do that within the next day or two. And that would say that the high that was made in rake which was on the 27th of December could be impacted much sooner. You've got your chat with inside. Oh isn't that interesting. But there's inside which target repelled line. And that goes all the way to grabbing the wrong thing. There it is. So that takes you to. Oh it matches. It goes all the way to there. Yeah. But I could also put in another one to say is there a chance that there's a speedier move to the upside. And that takes you all the way to this one right here. OK. So within that context rig is in the oil offshore drilling oil and gas. It's getting the benefit of oil crude oil going higher. But maybe also the natural gas start to move a little bit. Oh I should have mentioned we are long from 581 the area it is at 662. It was a nice move up for subscribers. Most importantly is telling you the key support is in the 606 area to 592. That's really what you always want to look at is what what's my risk. And my risk is going back to support. OK. That was that next question came in. Oh the XLF. Yeah. So this is going to be interesting. You made a peak F in the XLF the SMB select spider financial fund. And right there. And that was at forty two forty two twenty two with the Chad Wave two bar decline at forty two twenty the next day. So this make this twenty two. Here we go. Twenty two. And we're trading at forty one seventy seven is still holding really well. And it's at a GCSE in the weekly chart. But forty one seventy was the all time high back in twenty twenty two January. Plumice to twenty nine fifty nine October twenty twenty two. This is only a leg B as a brand new leg B. That's not an E slash sorry F slash B. I'm calling this a B because the MACD is strong. Stochastic said ninety six. So that's really good. Now the one that really bothers me is KRE. KRE is the S&P regional banking ETF. We all long made it stop much tighter. Haven't been in this position ever. Or at least maybe once but I really don't think so. No I remember we were in it a long time ago. But it's not acting very well. It couldn't get through the inside check. Right there. So this is going to be important. Why. Because I want to see the regionals start to not catch up but at least propel higher. Because you need to have the controls not just the financial money set to banks. You want regionals between wellers and that's going to be important. I'll be back in a moment. That was down three ninety. Hi folks this is Tom O'Brien. It's the twenty second anniversary of the gold report. Can you believe it. We've taken twenty two trips around the sun together and we have many more to come. This year alone the gold report has returned over 50% and I want you to come along for the ride. I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities. For a limited time you can save 35% off the monthly price for as long as you subscribe. 35% savings will be applied to the current monthly price and it will stay with your subscription forever. With gold pushing all time high as gold equities trading higher and inflation still raging this is a great time to try my newsletter the gold report. First time to describe is get a 30 day money back guarantee so you have nothing to risk. Just enter promo code twenty two years at checkout and you'll see that 35% savings applied to your subscription price and this deal will stay with your subscription for as long as you subscribe. Don't forget just enter promo code twenty two years at checkout. The stock market is a delicate interconnecting web of commodities equities and trader psychology. When one strain of the web is pulled it has a ripple effect across the broader market. This is where opportunity lies but how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities. Luckily you don't have to worry about that as Tom O'Brien has brought all important market news to you in one single newsletter market insights. Market insights provides a daily overview of what's happening in the indexes bonds gold and more. Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role. Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right. All first-time subscribers receive a 30-day money back guarantee so what are you waiting for. Don't let the market leave you in the dust. 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This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ. I go back so what's the importance of this particular group now? So let's just look at this you've got the SMH's oops where did I type that oh man you got the SMH here we go SMH which is semiconductor index only down 4.84 22312 you know let me just draw in some lines here I think I can take this now this is done I was expecting a dreaded H pattern we haven't really got that yet there are signs that we can get it was that a big B up I think that's a B so in the dreaded H pattern let me just show you the chart that we're looking at this is a pattern a very frequent pattern on the way down price comes down sharply and then tries to rally remember the three basic patterns straight line up straight line down cup formation arch formation mix of one and two and one and three one and three is sharply down it rallies to an A and then fails and takes out the left side low if it takes it out sharp you can go one to one to the downside we did that we did that again A minus A minus and now there's an A and there's a we'll go sideways for five days and then it pops up to a higher high and then turns around so I'm anticipating that this is a bigger move for the semiconductors but not until I mean looking at the not until we can actually see the left side low sharply taken out that's the low of 212.82 on the 19th of March until we sharply below that we're getting closer to the green line moving to pink but it hasn't done it yet so until we're really down that level I can't even talk about this as being some kind at this point we haven't even got a cell signal confirmation let alone a cell mode so and to me it's really important that the semiconductors or lead us up and they lead us down the general market so that's important and the weekly chart is stalled for four weeks since the high of 239.14 on the 8th of March but it hasn't gone anywhere and then this is almost like a Chapman wave Roman green Roman candle there's a second week since then you've kind of run out of time for this particular technique to work but at any point regardless if there's a trade of a day where it closes the SMH is closed below 218 I suspect that the tail which will be that low the 212 area 213 area will be taken out but in the meantime this is only a leg C in the monthly chart so the Veneg vector semiconductor ETF should go even higher that's the moment number two is within that context I showed you a couple of them a couple of the look at this this is in in not the semiconductor area but in the tech area that was just absolutely on fire you've got a super micro server solutions architecture high powered AI computing etc makes them 1229 00 round number high that day it also made a 1212.0 00 open and yet it is trading at 986 200 something points down lower yeah that's important to me but it's the same pattern it's going to peak A peak B isn't going to make a the dreaded H pattern where you take out the left side low I don't know but it's this is something to monitor that's all I'm saying peak D for weeks now in the weekly chart and a leg E and the monthly chart and if you go to what was an MS MS TR which is micro strategy also in the tech sector made a peak D with a 1999.99 I mean you can't make this up missed by one penny around number high but the same bar that made the all-time high had a 1953.00 open and a 1942.00 low and here it is trading at 1547 400 something points for 50 points lower than that I think this is quite a peak F in the weekly chart if there's no new high this week and a leg D maybe a peak D if all of April doesn't make a higher high above 1999.99 fascinating huh so I look at this STZ this is this is the a fantastic company Constellation Brands A shares it has spurious alcohol and it bought a cannabis company it was a fantastic company and I'd said oh this goes way back that Constellation Brands did everything right in the wine and spurious sector but once in 2018 once they took over the whatever the cannabis company was I said it's a whole new learning experience my suggestion was that you hold off because it could pull back and while we went from 236 back in April of 2018 that's four years ago I went from about six years ago six years how time flies to down to the March 2020 low of 104.28 and here it is more than double at 268 still a fantastic looking chart look at that 273 round number high on the 29th of March I don't know how these things happen so often in different sectors you remember we spoke about Berkshire Hathaway BKX.B that's the B shares BKX oh Berkshire Hathaway BRK.B yep there it is 430.00 round number high and a 422 open on the March the 20th February the 26th right here it is trading at 419 but it's been down to the 400 level so yes and it's a leg D to the upside maybe a peak D today so I'm just saying to you I take I have great respect I've been following round numbers since the 1980s and the 1987 crash of October the 19th I never up until then seen that number of round numbers on that Monday and that was a clue to me that we had we were finished with the downside and then we would be moving up to high highs within 18 months this is a little different this is implying that there is some kind of a digestive phase that is likely to happen now interesting enough Microsoft has barely had any round number highs at the highs look Microsoft is trading right now at 420 oh 0.00 well just intraday for a split second it made a round number it heard me talking about it it made a 430.82 all-time high on the 24th of March and now it's at 420 it's had a couple of round numbers in the 420s but nothing really that I can point to is kind of significant they would uh at the open was that at the open I don't remember but I I'm not seeing a lot and that just says to me that buying in Microsoft is a lot more I wouldn't say serious but it's a much more much much more intense so it's holding very nicely I suspect it's going to consolidate 410 is ready 412 is going to be a very important number the close below that says oops now the weekly chart is going to be impacted oh it's just with disclosure I should mention we are long what was the other question I have right here if I can see it oh could I check on UNG yes UNG is now up a little more it's up 22 cents at 50.61 this action that we seen right now has the MACD moving higher for price of time a very big divergence between the moving average convergence divergence and the price itself so this is giving you a little bit of room to say yep the night in the 1595 to 1630 area are you ready to take charge of your financial future TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our seasoned hosts are here to answer your 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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 don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV I had a question about Finns Pinterest discovery engine for recipes home ideas style at all time high up at about 90 comes down to under 20 20 right now 34 53 this single leg A up A and now it's come back down like an Eiffel Tower failure pattern has all the 33s at 34 49 down 82 cents now I just think it's stuck I think it's digesting gains it's done pretty well now it's just taking a bit of a rest 32 69 is the 200 period exponential moving average in the weekly chart so just as we're going to wrap it up I'm going to hand it over to Steve great programming here at TFNN check out my opening call newsletter had some really nice games now one of the things that I'm looking at here is within the context of what's going on right now what does it mean well let me just quickly show you look the Dow came off that inside track propellant zone it's off the 39,055 low that it made it's up 100 points from that it's down just 421 I'm calling this a digester phase now it's going to become more of a digester phase if the S and P which is trading down 54 closes under 51 50 this week I'd have to say 51 47 but I'm going to make it 51 50 close under that says it's going to be more than just a little digester phase it could go on and and because of that because of the number of round numbers that I'm looking at and the amount of points that most of these have pulled back underneath those round numbers and a lot of the round numbers were at the open when it's at the open to me that's really important it just says there was a fear of missing out buying and that just you pay a penalty that's hubris when you think you know better than the long time to say be really careful here put some stops in on your lungs or maybe just take a little bit profit and then why did stuff skip to some room for the meantime caution as I said to subscribers this morning when I said when you said it out four times having just missed five minutes getting one of the positions that's up really sharply today check it out