 T. F. N. N. Headline news update everyone Basel Chapman here this is the noon time Tiger Financial News Network update and we're also looking at about a sneeze we're looking at your act you got the Dow here the Dow is up 13 and 25,000 467 so it's really important oh it's not 30 is that the pattern that you see this on the left side of the daily chart the H pattern today is very often where you get this extreme move to the in the arch in the lowercase H that arch formation just like you did right here around about the 11th 12th of May where you got that extension gap down extension we almost got that early this morning but it's stalling holding right at the 50 period moving average really important it's going to make a change in the patterns because we could get a second arch to make a lowercase M if we don't break below today's level of 25,002 now let's say 25,150 because once you break that you really headed towards 25,000 level so let's see what we're going what we're seeing in the S&P the S&P at this particular point also holding nicely it's up to at 3,053 what's really important about this is that it hasn't got close to the 3,000 level where the 50 period moving averages little on the 29,70 area where the left side low so so far holding well this is that this is the session this is the day where you don't really want to see a big red candle because that would put in even further lower lows so let's go to the QQQ this is going to be very important because from my eye I'm looking at this I'm seeing this as a potential G there is a chance that you could make an idea above 25,251.15 at this particular point you've had a whole morning of consolidation of the poor hitting the 40 period moving average so for this quite good action let's see where we close today because I think that the Q's are just getting ready for a consolidation some of these really big tech stocks just need a little bit of a rest the IWM is also in that pattern the H pattern holding the 50 period moving average up 14 cents look at gold gold is pulling back here gold is down just three but it's pulling back a little bit and yet the dollar is trying as best to have a little bit of a rally so these are the tussles that we're looking at the TLT screened up to the 150,164.35 area if it gets into the 165 something else is going on with the lower lows in the market in the meantime this is still part of that consolidation I'll be back we'll talk a lot more about it when we get back talk about the VIX and many other things Basil Chapman tiger technicians hour coming up in another couple of minutes hope you're there otherwise see you tomorrow check out my opening and call Dady News at it I'll be right back