 FNN. The Tiger. Financial News Network. News Update. Hi everyone, Basel Chapman here on this Thursday, the 28th of July. Got one more session to go to wrap up the candle for the month. It's going to be very interesting and we're looking at the Dow down 120 and 32,086 and the 32,000 level should hold this support. We have gone down today to the 32,000 level. What's really interesting about this particular move after the Fed speak yesterday where the market, that was so unusual. It happens just over the year. There are just one or two times where the market anticipates something from the Fed, has a roaring early part of the day and then actually continues up and that's exactly what we saw yesterday. Finally, we've got that Leg D at 32,000. If you have some 36 in the Dow, that was really important. MagD's good stochastics holding at 85 percent. S&P has not done that because the S&P is only in Leg C and that was important that it got just why is it not going in there? Uh-oh. I got a little problem here. I think that should be fixed. Oh, that's what it is. Okay, so the S&P right now is down 14. That's unusual in the sense that after yesterday's move there was actually a nice rally early on. Given that back at in Leg C, it needs to go about 4,039 to start a continue Leg C. Wait a minute. The QQQ, the NDX100 went to almost an exact double top. It needed to make the QQQ's on at a PXC to go to a Leg D. They needed another two cents yesterday and they didn't do it. So 304, 48. We want to see the 311s and pretty soon. That'll start a Leg D to the upside. IWM, this is a Chapman wave methodology. IWM actually is in a D right now. It too has finally got that D. The Chapman wave methodology, a bi-signal to a bi-mode, implies that there should be at least four higher peaks, peak A, peak B, peak C, peak D. Gold is having a really strong move today. Gold is up 30. Let me just get that again. Gold is up. Gosh, what a little problem we've got. There it is. Gold is up 31 at 1769. I said yesterday above 1763. It would be good action. This is good action. And the dollar is so whole seems pretty steady. This is good move on Gold's part.