 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. Good morning, everyone. Basil Chapman here on this Tuesday, the 11th of April. We're looking at the E-mini look and made a peak E, right at 910 in the 52-22 area. And it's trading right now at 51-79. It went right through the 200-period moving average support. The 5-minute made a peak C1, C2 top, and that gave you the same signal, but we only got in the last 5 minutes, we got the 9-period moving average crossing negative, and that's gone through the support level of 5203, and the 10-minute chart has pulled back very sharply. So as I see it, let me just give you a rundown. Let me go through it right here. So I'm going to use this particular chart just at first, and then we'll go to all the indicators. So look, the Dow has gone sharply below the 9-period moving average, and the price now is down 162,000 or 38,298. Actually, it's better just to go to this one on the right because it's just a little clearer. So the great line is the Dow current price, and you can see it went negative, and it's pulling back quite sharply now. It's been one of the weaker indices. Now it's down 171, and I should just say for clarification, we are short. We've got long-term longs, but we do have short possession. Looking at the S&P. Now this is going to look like I'll start with a spy. So the spy was holding so well. And then finally, this morning, and this is now a daily chart, so I can only talk to you right now. It could change by the end of the day. It could go back to green. But right now, the 9-period moving average for the very first time since the November of the 6th was this one, the November of the 2nd, and it's cross-positive. Can you believe it? So that was November. So it's all of November, December, January, February, March, and almost half of April. So that's almost six months, over five months. And today we've got that, I call it the indicator of last resort, just a fantastic indicator. But you already have to use it very diligently. And as I said, this could change by the end of the day. It could go back to green. But for the very first time, the spy has hinted that it's starting to weaken, and if it closes with the 9-period moving under the 14, I have to call it a cell signal. Not get a cell mode, a cell signal. Look at the QQQ. It's already done that. And it's still holding very nicely. So that's what I'm saying, that you've got to know how to use these, because sometimes when there's a very narrow distance between the 9 and 14, either up or down, it's very easy to flip the other way. So it's how you use that in this particular instance. The QQQ, that's the index 100 trading vehicle, is trading at 439.52 up $1.13. Not bad. IWM, yesterday went negative pink on the 9-period moving average. Look at this chart over here. This has been much choppy, and we know that because the rest of 2000 small caps, it's been tough. It's down 15 cents right now, 277. Looking at, so do I need to keep that? No, I don't need to keep these charts. I just wanted to show you. Oh, I do. Here's some ages. Here's some ages. It's just holding so well. It's up $1.36 at 223.44 in video. Probably having a little balance. Yep, up 8 today. Not bad action, but it is pink, and 9-period moving average is indicating that it's starting to see a lot of resistance. Let's look at the VIX index just for the moment. The VIX index had a big spike up, so this is a peak A, peak B, peak C, and peak D, but in the Chamomile methodology, this is the only indicator that I don't use the Chamomile notations, because they can fail. This is an emotional thing, so you can get a single leg up, and then it fails, or you could get a B, and then it fails and makes a lower low. But in this case, it's pulled back from the high of the day of 1761. Probably I need to go over here. I've got a little ring, so I'm going to go right there. Let me just do this for the moment. VIX index, there we go. VIX index, yeah, leg D, and I'll be back in a moment because I'm going to go straight to, I've got a little ping. Let's hear that if that's the ping of. We've got Garo in Newport Beach. Garo, how are you? Thank you, sir. How about you, Mr. Bezier? I'm well, thank you. So you'd like to look at... Today, I want to look at a pen, and I need your idea. And it's something that, I've been looking at it for a very long time, on the daily chart, the three years, daily chart, and the three years weekly chart. And that really puzzles me so much, and I cannot find the solution. So I said, let me ask the master. If you look at the three years pen on the daily chart, you see that this stock was $105 in 1921. Since then, it's not going above its 200-day moving average, both. It's the simple and the exponential. And every time it keeps hitting that 200 going lower and low, and again, it hits the 200, goes lower and low. The earnings are not bad, not very good, excellent, but it's not bad either. But it's not going at all, it's not pulling up that 200-day. I want to see if you have any cause, any cause that why it's not going up and when this is going to start to act properly. So your question really is, in the look-back period, why has the 200-period moving average not responded, the price not gone above it? But I just wanted to tell you right now, I talk about round numbers, how important it is, like an Nvidia made round number, all-time high. Well, this is the entertainment company, right? Pen Entertainment, trading at 16.78 right now, down to 15 cents. It made 142.00 all-time high, round number, I think it was March, yeah, it was March of 2021. So now, if you look at my chart, you'll see something really fascinating. I haven't got, on my monthly chart, I don't have the 200-period moving average, no reason why I don't put it in right now. So let me just go here, indicator, I'll go 200, so this is going to be the moving averages and the moving average I use is always moving averages. So what do I want if I can see it from here? I want the exponential, why am I having trouble finding it? M-A, M-A, M-A, let me go. Okay, here we go, moving average, one line, two line, adaptive, everything but my exponential, there it is, okay, so click, and click again, and we've got it. And, wait a minute, where's my 200-period moving average? Let me find this, okay, go to, it didn't want to show, okay, it says on, but wait a minute, did I do something wrong? Oh, I clicked it but it didn't show. I'm going to do the game because I really would like to look at it because it's a good question, but actually the shorter term, the shorter term indicators, there we go, the shorter term indicators are the ones that are giving us even better, oh yeah, we've got a break coming up so I'll be able to get everything organized, okay, I pressed okay, second time, huh, interesting. All right, I'm going to find out what's going on, as soon as we return to the 1075 we're on with Garro from Newport Beach and we're looking at 10, P-E-N-N, then it's a thing. 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. Larry's author 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. 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 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. Hi, folks. Just to recap, we're on with Garo and U4 Beach. We're looking at 10 PEN. I just wanted to update because I had a question exactly what's the stance of the newsletter. Yeah, we are shorted out. We've started short another short in the semiconductors. We are looking at the SMHs, which are the last, this is the last vehicle to turn down to really assure us and we have to wait for the end of the day to see if that happens to assure us that we are now in a sell signal, but the overall market, all the indices on a daily basis are in at least sell signals, some in sell modes. And that's the way it is right now. And we're on with Garo. So, Garo, I put the 200 period moving average. The reason why it didn't show is I forgot to change the 9 to 200. So, I didn't even ignore that because that's a 200 period, 200 months of look back. What's really important here is if you look at my chart, this is pyramid formation that goes from the low of back in March of 2020, it makes a low of 375. And believe me, this is quite something I remember at the time when this was happening, 375 goes all the way to that 142 round number high. As round number highs are deadly. So, in March of a year later. And then it comes down, but you can see that it didn't come down in the same momentum and vertical aspect. I call it the Eiffel Tower. It looked like the Eiffel Tower when it hit 142 and started to pull back to the 60s. And then it stored at a bounce. It had a dreaded H bounce that failed. Then a whole bunch of others. And now it's making lower lows and lower highs. But it is showing very little strength to the upside. But it is showing weakness to the downside. So, the monthly chart says, unless something really special happens, and it has to start in the shorter term, which will be the daily and the weekly chart, this is really not a good-looking monthly chart. But to answer your question about the 200-period moving average, I would say the 200-period moving average up at about 27 right now, that doesn't even come into the picture. I've been looking at the 9-period moving average at 16.69. And even that, so not 16.69. Yeah, just a little bit above. It's at 17-something. That's the first one that I've been looking at. But as far as the patterns are concerned, the pattern that I call the dreaded H, where it fails and makes a lower low after that arch formation, this is the pattern that looks, it starts off like a lowercase H that goes to a lowercase M. But in the big picture right now, the daily chart is very much showing that it's got this arch formation, that dreaded H pattern, as simple as possible. If there are two, let's make it three closes. The low that was made on the 23rd of February of 16.46, that just says the upside now is very limited until it triggers a new very strong buy signal that gets upgraded. So this is just at best, it's stuck between 1750 and 1600, but at worst, it starts to go down to the 15s over the next three or four days. I don't know if that helps you, but that's kind of the way I'm looking at it. Okay, what is the cause that this is not going up? What is cause that? It's three years, three years that you keep going lower and lower and lower and lower. I mean, what is the reason for that? You're asking about the moving average, not the price, right? The moving average. No, the price. 100 and change, not 16 dollars. That's because it's never gone up at all. That's because it's first cousin is the UNG, United States Natural Gas, which is looking, let me just go there, UNG. Yeah, look at that. It's the same pattern in the monthly chart, except this one keeps making lower lows and lower lows. Yeah, you know what happens? When there isn't, in the gas situation, it's just an influx of gas. There's just too much gas. In Penn, there's just too much. The move to the upside from 375 to 142, as I interpreted right now, was built on nothing. It was just built on, it might have been a momentum stock, a meme stock or something like that. Now you're seeing the real evidence, it's just a horrible, I should say that on air, but I'll say it. The chart itself indicates that Penn Entertainment has done everything wrong that they could, and that's really why it just keeps going down. No, it's making lower lows and lower highs. When eventually it fills the gap in the 21s, you can say, hey, I think they finally started getting the business, financial part of the business, organized, but right now, it just looks terrible. My answer to you is that there was just too much buying for a whole year, and that buying was based on no real infrastructure of significance that made it a profitable company, and that's just the way it is. That just says now the real evidence is that it makes lower lows and lower highs, until they can turn that around. It might, this could even go BK, it could go bankrupt the way it's looking. Or really? I'm just saying from the chart, the chart says... I see it. I see it. I wouldn't be buying this this bit of that way. I would look at the short side, but I wouldn't be buying it until it makes higher highs and higher lows, and the weekly chart can make a leg above $19. That would take to me, I think, somewhere, but even that whole 21 area with the gap... No. I don't like this. I don't know if that helps you, but that's my assessment. Yes, sir. I appreciate it for your time and listening to me. Thank you, sir. Thank you for calling. Always appreciated. Thank you very much. Folks, let me just do this. The den... Wow, stock was about $80 when I posted, now $18. Oh, that's a different... Oh, rent. Good eye. Den and the den. Rent. Oh, that's a completely different chart now. Look at that. It's only up 156% today. It's up 11 at $19.20. Wow, I don't know. Well, obviously, let's do something with rentals. Rent... What am I reading there? Uh... Oh, this is amazing. Right to the 200 p.m. moving average was just... It wasn't even in sight at one point. Oh, rent the runway, Inc. Class A. All right, talking about runway, this is a runaway. All right, let's just get back to our story. So, a bunch of... Another ping. Another ping, sirs. In Kennesaw, Georgia. Hi, Walter. How are you? Doing well, Basil. How about yourself? I'm doing well. Yeah, and this is the... This is where my daughter teaches as a professor at Kennesaw. Yeah. So, you would like to... You would like to look at XBT? XBT it... No, isn't XBT... No, that's not right. BTX. No. Yeah, Bitcoin. BTX. Oh, wait, Bitcoin itself? So, you want the futures or... I'll look at the futures. So... Oh, wow, that was a quick break. We've got a break coming up, folks. Bitcoin right now. And I've been looking at this and saying, I think it's stalling up here. It's down 245 at $70,165. We'll talk about it when we get back. We'll be right back with the Bitcoin futures. 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 Keckstacks the Tiger Forex Report off the riffraff. One day, former Chicago mercantile exchange member and author, Teddy Keckstat 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 archived 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? AWAITS! At 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 and 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 $1 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 offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. There's 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 you by Directions Daily Leveraged and Inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit Direction.com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Foreside Fund Services, LLC. Hi, folks. We are back and we're honored with Walter. We're looking at the Bitcoin trading at 300 right now at 70,110. So, I've been considering that this is in a sideways consolidation, but Walter, if you're there and I'd like to know, do you have a position? Yes. Okay. You're long? Yes. And are you along the futures or you're along the GBTC, the Bitcoin Investment Trust? Yes. Another ETF, not that one. This is kind of your benchmark that you're looking at. So, okay. So, what I've been looking at is the way it went to I'll just go for the moment for Bitcoin, GBTC, because everybody can get that. Some people can't get the futures, but this is the same chart and it's the Investment Trust. I'll go backwards. The monthly chart is in Leg C and I guess that there should be higher prices to come. That's in 2024. The weekly chart went to a peak, G Stash C after an instant restart and those G Stash Cs invariably, not always, but so many times over the last year or so that I'll be making a note of the instant restart going to a G that you've got to think of it as a G Stash C that there could be just a momentary spike to a D and that's where you've got to be careful. Right? The high that was made is 65, 61, really 62, 39 and I don't have to tell you in Bitcoin a three-point move in the or 300-point move is very easy to it just happens in seconds. So, I'm looking at this and I'm saying as I've been talking about in that nine period now I'm going to go to the chart here which it just explains it so nicely. So, if I go to GBTC in my chart that I'll just move this away because it's much more important that I've got these two indicators right here. So, the nine period moving average just chart right here. You can see that it started to stall but it hasn't broken down. It's like a rectangle formation trying to work its way towards the upper part of the rectangle and that nine period moving average is still positive. So, I've been looking at this and I've been I discussed this yesterday and what I said was there is such a difference between the different for instance ETH which is Ethereum this is trading at 25. It made a high not the all-time high, the all-time high was back in I think it was November of 2022 up in the 45-46 area and then it pulled back really sharply to the to about 5 under 5 and then it ran up again and this last run was just under 36, it was 35 maybe 80, 35 in the 35 area. So, there's a big difference between that there's a big difference between coin which is closer to the GBTC but now it's starting to show a little bit more weakness than the GBT that's the Bitcoin Investment Trust. So, each one is doing something a little differently but most importantly let's go now just because I'm doing technical analysis current is possible because Bitcoin trades overnight whereas the GBTC doesn't trade much at night this is telling me that we're starting to store that it could possibly break above 75,185 and I don't think it'll go very much above it maybe 75,200 maybe 300 but then it should come back and at that point if the weekly chart is still showing strength it's going to say we could still continue in the rectangle sideways formation. So, I would just say to you as I'm looking at it now it's much more important for me to say and I'm going to go back to the GBTC because as I say there's a public show so people probably don't get futures most people can get the GBTC if the GBTC trading at 62,33 in the next today's Thursday by Tuesday if it's even started to touch on the downside so I'm saying to you let's look at what the downside would be rather than the upside because I still see enough strength for a bit of a pop to the upside if it starts to trade it's at 62 under 59,20 let's call it 59 any day going into Tuesday even next Wednesday even if it's made the new recovery high or in this case it'll be an all-time high I'm saying to you that that's key for me if I start to see it making for instance right now it's making higher highs and higher lows but within the rectangle and the rectangle says in a cup formation it should try to get to a D when it got to the leg D a peak D the other day which was under the 65, 61 area usually that's not a good sign I like to see a breakout in leg C so it really just takes out the former left side high the lip on the left side so I think it's kind of stuck so I think that the Bitcoin area is kind of stuck right now there's enough strength there may be one pop to the upside but what I'm really looking at is what would take it down and I'm saying Bitcoin closing under 59 would say just at least short term not the weekly charts are still fabulous short term that's what I've been looking at if it was something else people have asked me about Ethereum trading at 25, 34 if it trades under 23, 20 let's call it 23 that's a big problem and on the upside if something like an Ethereum can actually get to 28 by Wednesday of this coming week that's very good action so each one is doing something differently there's a high level consolidation and high level consolidation and we've seen based on those 9 and 14 period moving averages that have taken so long to turn down in some of the sectors a rectangle formation can last a long time now here's the other thing the longer a rectangle continues sideways the greater the vulnerability when it's on the upside so I'm talking about an upside consolidation the longer the upside consolidation without a breakout to the upside makes it a lot more vulnerable for the downside so Bitcoin itself at any point in April if it takes out the 62,000 support that's going to be a big problem at least in the more intermediate I hope that helps you Thanks very much one other comment for you if I don't know if this is something that you might be able to cover in your weekly overview for subscribers briefly go over Bitcoin okay I will definitely do in fact I'll make a note I thought I did it this past week maybe I forgot but yes absolutely Bitcoin I will do good comment I hope that helps you thank you very much for calling and I always appreciate it especially from a subscriber so here we want to go to I have to take some tea just to get that throat lubricated okay some other questions that I had let me just see if I can find them right now I changed the monitors and what it is so FxI this is China China is holding very well it too is making this kind of cup formation cup and handle formation actually not one of my favorite patterns but at 24.59 is trying to tackle the 200 period expenditure moving average of 2509 it hasn't done that for a long time you better hold 24 support 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 the screen 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 for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage, utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing whether you're a bull or a bear you choose the direction for up-to-date pricing and performance go to Direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a funds investment objective, risk, charges and expenses contained in the prospectus available at Direction.com read carefully distributor for side fund services LLC this program is brought to you by Vista Gold created on the NYSE American NTSX under the symbol VGZ Hi folks, so we're just watching that FXI that's the iShares China Lodgecap ETF is actually held quite nicely I think that the load that was made back on the at 20.86 back in January I think that's significant to the extent that the nine-period moving average in the weekly chart for the very first time since it broke down back in August of last year when the price was up in the 27s and now it's down at 24.60 I think this is significant in the sense that that load that was made at 20.86 might not be retested over the next few weeks if the support in the 23 to 22.50 area it holds so let's go to a couple of things a lot of people want to know about the multinational oil Exxon made a new all-time high this morning at 122.69 straighting at 120.78 this is really good action most importantly what we're looking at is the weekly chart is only in a layer B since it's made a new high this has to be considered a buy mode in the C&D what was the question again COF that's capital 1 Exxon did that Chevron I'll get to so now we're going to financials COF is capital 1 financial trading at 138.43 down to $1.51 I had it done a long time ago so let me just do this real quickly what are we doing for time identify the lowest low bar you put it in an up arrow you can do that because it's not live it's way back in 2023 April March area so it goes peak A and you just can't eat successively peak how simple can that be A, B, C D is where other things can happen and what happens is it goes through a D look at the light beam moving average is still fantastically strong so this has to be considered a continuation pattern recorded in E but it could be in E slash B but I'm calling it an E for now and the monthly chart made an all time high which was much higher back in 2021 it went to 179 177.95 177.95 that was only a peak A a peak B, a peak C isn't that interesting A, B, C I really could call that a peak C1 C2 because it was so close but let's not do that let's just consider that this is new A gray A because the MACD wasn't good and everything is very strong A, B and there is another C alright so this is Capital 1 financial pulling back quite sharp let me just for the moment I'd like to look at MA Mastercard made a peak C in the monthly chart, peak E in the weekly chart and it had this big spike which went from A B, C a peak D right there with a tiny little doji candle doji candle I'd like to see the price to see if there was a round number anywhere there no, no it goes to 400 490 I mean nobody's ever talked about I've looked at commodity magazine for 20 something maybe 30 I don't know how long it is I've never seen anybody talk about round numbers like this a round number all-time high at 490 in Australia now at 465 I mean how important is it right at a peak D so let's go to I think that you've got to be very careful the reason why I'm saying be careful is I was we've got Bank of America it's not very nice you've taken some little bits off keeping a core position but it is starting to stall catch up it did very nicely went to 3835 reading the 31 and here it is at 36.18 if you look at the XLF the XLF has pulled back from the 4222 double top of 4170 which was in January of 2022 this is double top right peak G and C in the weekly chart way over the 40 everything looks good but the daily chart has gone to a cell mode as we speak first time that has crossed S in other words the 9-period moving average has gone below the 14-period moving average got to be careful but my thinking was completely wrong I thought the KRE had the potential because it's got a Chapman wave restart a restart says if you don't take out the original low in this case 4561 this is the S&P regional banking ETF then there's something that I'll call the Chapman wave restart the restart says you can go to peak A and B and then fail or peak A and B and C and then keep failing and failing and failing but if you don't go to the D you shouldn't come back and take out the 4567 but if you do that negates any chance of it yet you have to start fresh so today's those 4623 very close but it hasn't taken it out but it took out this is almost like a Chapman wave this is the inverted falling axe formation or the dreaded H right here so that just said to me if the regionals couldn't start to catch up to the XLF that whole financial sector and I was very worried about it that's why I made a very tight stop I mean 2% or 100% I just I'm taking no chances we can always come back with higher highs and higher lows but an instant a restart says it doesn't take out 4567 and when it does work it is really powerful to the upside so that's we'll see what happens with 4567 you go to 4566 you negated the whole thing you have to start fresh right now it should be building energy for a move to the upside and it really isn't so if you look at the oh I never finished these the TLT is trading down 41 cents oh my I got to do the backwards thing so here we go this is the TLT is taking out the left side low and the TBT we spoke about this yesterday has cycled up it's it's really very strong oops what did I do here why is that the D oh because I said that was an F okay this is a brand new A B C D alright that's it's a good of that way right there and it's an next C in the weekly chart you've got to be careful here there's something not right now the only thing that I can talk about is that it's rotational and that's the reason why the reason why we're looking at the can I do this do I have time yes so let me just do this so within the context of the market itself I just keep having to go back to the SMH's those SMH's are lost they just going or they look like Bitcoin right now going sideways just not breaking up not breaking down but the longer it goes sideways the greater the chance that that nine-period moving average is going to tip down but that's not good enough because as I always said the semis lead markets up and the semis lead markets down and 239.14 was the eighth of March high and we went all the way down to the 211 was it 2 to 12.82 low on the 19th and this has been stalling that's what I think you need to watch very closely because that until the semis really start to break down until you see 2109 and SMH there's residual strength and the rotational residual strength is making this a very select rally but the fact that the financials are starting to weaken just take a BRK here we go yeah BRK the chance will break down at 406 I'll be back Tigers we have some exciting news live trading Fridays are here join Larry Pesevento every second and fourth Friday of the month 9 a.m. to noon eastern time as he places short term trades and gives insights into his strategies that's right that means the first live trading Fridays event starts this Friday April 12 make sure to sign up so you don't miss the potential for huge gains if you've attended Larry's stellar webinars before you'll be familiar with the live trading portion live trading Fridays will be strictly this portion that's 3 hours of pure trading all trade positions will be communicated clearly and all questions will be answered in a timely fashion during these live events when signing up make sure to save $50 by using code Larry live at checkout this code is valid only for this month and the discount stays with you for as long as you're a subscriber to the service so don't delay sign up sit back and follow Larry Pesevento as he places trades live see you there Tigers 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 Tigers den for just $1 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 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 a former Chicago mercantile exchange member Larry has authored 10 books and trained over 1000 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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com and hit watch Tiger TV that's tfnn.com and hit watch Tiger TV Hi guys let me go a little bit backwards here number one is the current E-mini has bounced a little bit off the low of the day it's stuck at the 200 feet moving average of 51 98 if by any chance after today it's not not yet 11 if by any chance after 1 15 this afternoon the E-mini is trading about 52 12 that's a good sign at least for the S&P not so much the Dow but it better hold 51 80 it's at 51 97 51 85 to a 51 80 support to take that out that's going to be ugly the other thing is I don't think I finished COF so COF is in a cell mode is in a cell signal right now for 136 to 135 is 138 75 that's your key support 136 135 then the other yes oh and most importantly tomorrow you got an opportunity to get live trading with the one and only Larry Persevento it should be fabulous why this particular market must be giving so many opportunities to for Larry's trading style it really it's a treat to watch and I've been in many of those sessions and I'm always astounded at how almost sometimes to the penny the pixel of the place where you want to put your position on and I that's great to be able to have a technique to do that which he'll discuss in great detail should be fabulous so the other thing is I didn't get a chance to do the dollar and the dollar right now is trading up very sharply at 105 40 just be careful and a gold gold is holding they separate gold is doing something differently I think it's commodity and Middle East situation that we're looking at so dollar very strong and I'm just saying what's the SMH's they the clues if the SMH's start to break down then the market will go with it if the actual the SMH's running a little bit today they're trading at if I can find it 223 if they get to 234.50 I think that'll help the market wow you don't want to see them down a point in a half to two points that'll be negative have a great day check out my opening call see you tomorrow