 Hello everyone, Basil Chapman here for the Tiger Financial News Network, 10am market update. That was down 275 for $34,598. Got repelled right at that line we were talking about yesterday called Chapman Wave Insight Track Repellent Zone and this is going to be very important the first time that we've seen after this big rally from the low of $33,613 the red candle with at least at this point the price underneath the nine period exponential moving average, magnitude turned positive but it could deflect lower, we're going to be watching this very closely. The S&P at this particular point of the S&P that was thunder we are having thunderstorm here. The S&P is down 51 at $43.91, it too got repelled at that trend line resistance, much deeper correction in terms of the pattern itself, magnitude didn't even cross positive, it's down at $43.90 and that's really important this Thursday you can see by this monthly chart it's going to be really important the weekly chart is a peak D this is probably going to turn into a sell signal in the weekly chart, monthly chart is still a big D but that September candle says whoa watch October because we might not make a new recovery high we'll be watching that very closely. QQQ, there's the NDX100 trading vehicle down very sharply down 1.89% deeper than the others, it's down $7 at $363, one of the reasons why for subscribers we've been short this particular instrument is that the pattern it had a much weaker rally than the general market and usually it leaves and all those V-shaped recoveries that we've seen over the past year but this time it's lacking strength and the weekly chart is finally turning down quite sharply watching this very closely looking at the IWM the Russell 2000 which had a really good session yesterday down sharply at $223 if it starts to close under $219 anytime this week that's a big problem watching that double top I'll also talk about the MDY which is the midcaps, look at the midcaps same thing maybe making a peak C1, C2 in the monthly chart go down sharply the dollar is along the dollar because the subscribers to my opening call the dollar is up nicely it's up $0.30 and crude oil has really been proud of this as well as the oops sorry to go back a little bit TLT we'll be talking about bonds as well as soon as I return to the target technicians out check that point before I get in use of it see you in a few moments the reality is that navigating