 update. Hi everyone, Basel Chapman here on this Wednesday the 23rd of March at nine o'clock at Tiger Financial News Network market update. This is pre-market. The Delfuse is down 160 at 34,551, giving back some of that extra gain from yesterday but this will extend it to a higher high in leg D but it's the cash index that we go by and the cash index is actually in leg C. That means we're still expecting sometime probably this week a move to maybe early by Monday a move to a leg D but that 34,900 area to 35,000 maybe in 50 that's going to be strong resistance and we're just above the 200 period moving average making 34,374 key support over the next couple of days looking at the E-mini the ES is trading down 24,480 also in leg C but it hasn't made a new high it's 50 cents off that there's a continuous contract so maybe this is already making a peak C but in the cash index we're in leg D in the Chapman maybe we always expect a buy mode to go to at least a peak D. There we are in C so there could be a pullback with a lower high today and then over the next two days try to work its way high into the 45 maybe 22 area that's going to be there's a lot of resistance coming up the QQQ NTX100 trading vehicle for the Invesco trust series QQQ 354.03 down almost three points right at the 200 period moving average and that's been extremely strong resistance for a long time so moving about 361 would be very important over the next couple of days key support is at about the 352 area maybe 351. IYM is the Russell 2000 that is trading right now down one at 206.43 but most of and the resistance is at 211 at the 200 period moving average most importantly gold is trading up seven it's trying to move it's in a sideways consolidation phase breaking above 1955 would be positive breaking under 1900 says oh not ready for prime time again it's going to have to have more of a digestive phase it's really in a digestive phase if you look at the TLT I mean look at this the TLT oh now it's up 22 cents whoopee 128.90 there's a chance that the TBT which is the inverse in leg D could actually pull back a little bit here we'll see what the Fed says today but we're watching this really closely because the 22.60 level for the TBT was the high that was made a year ago isn't going to test that again have a wonderful day stay tuned for Tommy O'Brien coming up with market pick-off and quick programming yeah hop back tomorrow regular time and check out more the reality is that navigating financial markets