 T.F.N.N. The Tiger Financial News Network News Update Good morning everyone. Basel Chapman here for the Tiger Financial News Network 10 a.m. market update. On this Monday the 17th of October, of course, we started for 9 o'clock with the market kickoff. So here we are, we're looking at the Dow 529 points at 30,165. What we really need to see, and this is a very important pattern that I'm looking at, is this cup formation. Even though we made a low, low on the right side, you want to see this arch formation looks like a lowercase h. Let me just do this real quickly. I'll do more of this in my show, the Tiger Technicians Hour. See that h over there? What you already want to see is the best case is that you don't make a second arch to make an m, lowercase m pattern. You spiral and close sharply above that arch, especially if that arch is at a peak a or a peak b. What is at a peak a minus because it failed? Now we're in leg a, and what you want to see by Tuesday or Wednesday, a very nice push to this Chapman wave inside wedge target resistance line, and that would take you to about what depends on what day of it's today, 30,525. That's a lot to ask for, especially with this gap up. Looking at the S&P, you've also had a left side, right side price time match where I showed subscribers to my opening call in my overview video over the weekend is that the left side going all the way back, you can go to, let me just do this across here, you can go back to May or in June this case, June the 17th, 36, 36, and the S&P screams up to 4325 and then comes back in the same number of bars and takes out that left side. It actually took it out a little bit earlier, but this is exactly where you want to start seeing strength become a cup formation. You'll see exactly the same thing in the QQQ, the NDX100, here we are, held this inside channel, it went to that level exactly that was from the law of the 16th of June. So then it bounced and it came back all the way to 254, now it's a 268. You want to see 273 by Tuesday or Wednesday of this week, otherwise it's going to be another failure pattern, IWM Russell 2000, not bad, moving up 4.94, look at gold, gold is up 20 points at 1669, that's the dollar pulls back a little bit, I'll be back right straight after this for the take at the kitchen tower, hope you can stand and check out more people on my day, see you in a moment.