 The following is a presentation of TFNN the Tiger Technician Hour with your host Hazel Chapman call now toll-free at 1-877-927-6648. Good morning everyone on this Thursday the 23rd of June this is the 806 a.m. edition of the opening call this is my newsletter the opening call this is the show called oh this is the show called the Tiger Technician Hour and I'm doing the show eight because I can't be here at 10 so to be recorded and replayed what we're looking at is the Dow futures up 136 30607 so since Friday morning's low in the Dow futures at 29 639 we've had three good candles for the extension to the upside today's the fourth day will there be a push in the futures above the high of yesterday which was on the continuous contract that is 30,770 will be sorry will we extend that leg e a couple of things we're looking at here is if in the very short term so remember this is 10 07 in the morning we made in the one minute charge the evening the evening based on the Chapman methodology the peak deer to high of 37 and 97 and we're now trading at 37 86 pulling back in the two minute chart that was right here there it is a two minute chart made a peak a G like a rogue wave sudden spike to the upside and pulling back some right now and in the five minute chart it's nice to have these in sequence the peak e and in the 10 minute chart which have me methodology we made a possible peak f I'm now going to change that and say yes that's a peak f and I can't actually put it down our even if it's just a temporary pullback so we've had a wonderful ready from the low of 37 35 round about 4 o'clock this morning to a high that was made at about a little before 8 o'clock of 37 97 00 in the many futures so we can have a little digestive session right now before the open well before the open got an hour over an hour to go don't forget Tommy Jr. has the market kickoff show at 906 so it should be a very interesting session today looking at the many let's just go to the ES futures yep this had a very nice leg e to the upside will this continue while we don't know they're up 22 looking at the NQ this is the futures as well as a continuous contract up 90 that was a very nice turnaround from below made on Friday at 11,654 let's go to the QQ Q get a little bit a bit of a better sense because this made a leg extension over the nine period pink nine period explanation moving average remember when the distance between the 9 the 14 is so great it's going to take a move into the 292 area or at least consistent every day moved to the upside for the 9 to finally turn green above the 14 that would be a very positive aspect and that should also get the mag D positive and right now it's still negative but the histogram is going to improve stochastic is still very weak at 16% at this particular point of a turnaround from Friday I would expect that it be quite a bit higher than that now what's really important is that the weekly charts we have to wait until tomorrow's close Friday and shortened week we'll see where they close what you really want to see is going into even midday Friday doesn't have to be the clothes but even midday Friday you want to see a decent close today followed by a good up move at least in the morning tomorrow the clothes we just don't know but then that'll really help the weekly chart because on balance volume is the only thing there in the weekly chart of the QQ Q NDX 100 and Vesco QQ Q trust series that these are the stocks that really make a difference when the market is really on fire to the upside where you've got your Nasdaq 100 really doing well and for months they've been on the downside so can this be a kind of at least a turnaround of short to a little bit more intermediate term in other words a few weeks if you don't know we haven't seen that for quite a while IWM the Russell 2000 pre-market is trading up 74 cents at 168.56 it really needs to get a close above 170 130 the 9p removing average is 171.17 these are the small caps Russell 2000 we'll see what happens there any failure that continues from the high that we made just 20 minutes ago into 10 past 10 this morning that's when I'd normally be doing my show and the Dow instead of being up about 80 to 90 points or more is actually only a 40 or maybe even down well let me just talk about this for a moment I forgot to mention this in my in my opening paragraph for my traders corner for my opening call newsletter this morning I did it in the Dau so those of you who are listening or subscribers go to the go to my Dow page because what I did do there is I discussed this is so unusual look at this this is the I'll actually open it up nice and white this is the Richard arms short-term trading index I called it my Tringage it is so rare in a year to see a spike above three or four in the wallet in the short-term trading index and yet look what's happened since if I can actually get this here I can tell you the date since the 18th of April where it spiked to the driver right 4.43 no it went to 9.83 9.81 since that day we've had one two and then three four five all in succession after three days you had these big spikes look at this 981 back on April and then somewhere in just going into May we hit 344 34 and then nothing and then all of a sudden the volume this is the short-term trading index and Richard arms index I only use the actual prices if it goes over a certain number it says that within two sessions there should be a very strong e-mini futures S&P many futures rally that will help the market even if we're coming down to say a good 11 to maybe 15 point rally and on the downside if it's below a certain number it says watch out because the Dow no matter how high it is the futures are pre-market in today in today certainly early in the morning it should be a negative move in the Dow should go negative before rallies and that's very successful as well it has missed once or twice I've actually x out read Mr. there doesn't happen often but look at this what we're looking at is yesterday this trend index went to 10.88 I mean usually it's in the ones 10.88 10 times more than all 6.34 four days before that one two three three days before that and three days before that 6.83 now what I was mentioning to subscribers a little while ago is that when we had these big spikes to the upside we've seen a rally and then a sharp decline soon after that I don't know I've never seen three in a row like this I have seen three spread out a little bit more but up in the three eighty four three and three eighty nine four twenty nine three area back in July August a year ago and then there was a sharp pullback in the in the churn as the market rally and it did see some kind of a decent low back in the 19th of July of last year I don't know what to tell you but all I can say is that something's happening again it's a little bit different I'll be back in a moment this is Basil chapter the early edition at 8 14 a.m. it'll be replayed later. 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Tom's Daily Market Newsletter Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future called Tiger real estate LLC today at 727-329-8322 or email us at tiger at TFNN.com that's 727-329-8322 call us today call now toll free at 1-877-927-6648 internationally at 727-873-7618 Hi folks I had a question here what about the 200 period moving average that I show it yes there's a two-minute chart give this 200 period moving average pink line right there because it was resistance resistance resistance then it broke out and then it became support support support and now it's way way above and what we are looking at is at 37-72 this morning that's going to be the key number if there's a break below 37-72 it means that that volatility index being so low it was actually at point 10 yesterday and the Dow should see some weakness but it's counteracted I've never seen this before with a move up in the 10.88 area that says that there should be a strong rally where we've already had this very strong ready from 37 30s early this morning to 37 79 97 area 60 points so you could I'm expecting a real kind of choppy choppy once we've made this big move it'll be narrowing and narrowing and then a little later on but I have to see what happens so you can see these this is the the two-minute chart I've got the one-minute chart but then zero to two that's a peak unusual PG a rare spike to the upside it's like a right arm extension or a rogue wave an ounce pulled back sharply and you've got the peak in the five-minute chart and a peak F in the 10-minute chart so a little consolidation after this big early run-up good few hours of rally while we're looking at here is the gold now this has been quite interesting to me I've said for some time that I think gold is just going sideways it's not breaking down but it's not breaking up it is the international go-to currency or I'm sorry go to coinage of fear so when people are very uncertain but actually if you look at the international the geopolitical side of it that's easing just a little bit if you're looking at the idea of crude oil sorry to pull back the commodities pulling back so some of that tension is easing what isn't easing and we might even see you'll start to what is the TLT I'll get to that in a minute but the TLT was trying to rally so the yields are coming down so I think the gold area says that just for the moment gold is just not in play it's in the intraday trade you know greater opportunities but just stuck in a range that's number one if a source to close under 1795 that's a big negative but in the meantime at 1832 down five and a half it's just stuck in this range lowercase h pattern goes to a lowercase m and that's all we're looking at fall each other we've inverted falling exclamation as key support at the 1800 level 1798 that's why I'm saying 1793 or lower is a problem and monthly charts suggest you could get one big arch formation that's formed and now a second arch I'll even draw it in it's the lowercase h upside down looks like a w it'll actually turn into some kind of a double I'll just put that in and we'll keep that there look at silver itself is trading if I hit the right numbers s i there it is s i is trading same thing very weak that's a down arrow right there from the peak dimum the chaplain wave we're always looking for the fourth highest peak to see if we're going to get either a continuation pattern or a reversal pattern he has a reversal pattern going to the lowercase h I'll just show you because we always have new people here at tf&m certainly we go to this particular chart here and this is three patterns I look at all the time straight up straight down one cup formation to arch formation three and a mix of one and two or one and three this is one and three lowercase h looks like the dreaded age it takes out that left side low you can go a lot lower that's why it's red the green the inverse the reverse y if it takes out the left side high it can go quite a bit higher so this is a mix of one and two so far but it's still holding really well and that lowercase h can then start a second arch formation if in fact it holds very well above the left side high and so far this is doing it and I'll just draw this in as a pretend I'll keep this going right here it could turn into some kind of a pattern like this starts the next h pattern so that's silver looking at platinum platinum is the same thing this is the eiffel tower straight up straight down and there's almost an inverse head and shoulders the platinum is just hanging out and of course that kind of goes with the automobile sales at this particular point let's look at high grade copper high grade copper is plunging it's going to leg d to the downside I've been warning about this I said a rectangle formation that pops up usually through a pd after a long period of sideways movement then comes back and takes out the midpoint of the rectangle or watch out because that lower low the base becomes a target and look at this not only did we come a target it plunged underneath it this week but actually for two weeks and here we are down two and a half percent minus 10 at 3.843 so in the big picture Dr. Copper is not doing well wood I always put them together which is the iShares Global Timber and Forestry ETF plunged also within a rectangle formation after a pd two pds actually look at this it's almost a propeller shaft to the downside at 74.75 and that's the reason why I said to subscribe we don't want to get too aggressive we do want to start putting the money that we've held back for months talking about building up a conservation of of cash ready for entry points but the entry point that I'm looking at now still it's putting money to work but I'm still not 100% sure we haven't made the low yet we've made many lows but not the low so that's the that's the general market but I feel very strongly that if you look at the last three days action actually I'll go four days action what we've seen is that the number of sellers for the first time are constantly overwhelmed by the buyers over the last few days can that last we just don't know and all I can say is that if you're looking at this let's go to the futures right now look at the ym let's pull back quite a bit now it's only up 107 it was up much more but still holding pretty well the MACD histograms improving stochastic at 19% is finally getting to the close to the 22-23% that says ah maybe now we can have it ready but the blue unbalance volume is not particularly good and I should mention we are long from Friday along the gala and let's go to again come back to our story here what we want to look at is the dollar we've been long the dollar since 2018 still long the dollar it's up 34 ticks at 104.55 it's in a look I you know that what I normally do is I grab the top grab the bottom of these candles draw in a rectangle and I say let's see if we can start to make higher highs and higher lows there's a good chance it goes to a pd but that was a g slash c alternative counter the chap wave at 105.79 in the dollar index and it's turning you one of 4.56 is going to arch over that's the one pattern always again to cup and we'll see exactly what happens I'm anticipating that the dollar is just having a high level consolidation right now let's look at the bonds oh no no if I'm doing the currencies let's go to the USDJPY that's the yen USDJPY that's the yen made a pd pulling back a little bit that just tells me we've got to be a little careful here we've had over 300 extension in the uh weekly chart going to a leg it could be pulling back and the monthly chart is in leg it could be ready for some kind of a pullback that would help both you see and if you're looking at the EUR euro USD currency pair that's just making each pattern and going to a second option I'll be back in a moment about the chapter early addition of market conditions are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors TFNN has 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incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com of course we're back so i don't know what the economic report is it's a jobless time i don't know if maybe someone will be again we can all be here target youtube tell me most importantly the futures were up quite sharply and now they're still up 20 up 17 actually at 3780 so jambalai has a question here youtube good morning vassal es has 3805 as resistance how much time would you give it to go over it do you consider the 3,900 level gap down as a stronger resistance and possibly reversal zone um those are really good questions i want to see how the market deals with this because remember we had this huge uh chapter with ching gaze reading yesterday it was it's the third time in just one of the 12 sessions or something like that how the market deals with it is going to be very important right now i actually would prefer to see somewhere i i love this weakness that doesn't last before it was weakness that did last and now it doesn't last and remember i put the down arrow in the 10-minute chart at a peak f and it hasn't yet crossed negative the nine hasn't gone under the 14 but the five has so i'm giving it until during my show when this is recorded and replayed so let's just say this is now uh 1031 eastern time instead of 831 if at 1031 the mini is even close to plus 21 rather than uh only a plus 8 i would suggest to you that the work is being done for some kind of a rally in the afternoon i'm not sure about the close but some kind of a rally what i am considering at this particular point is that if i look at the bigger picture and let's just for the moment go to the continuous contract of the e-mini because that way i can get in the uh let's go right here i can get in the weekly and monthly i can't get that if i just get the september futures you can see that i don't even want to talk about the the monthly chart because with all the bad news it's still the price is still pretty darn good but we've still got a week and a half to go um and all i can say is let's talk about that at the end of the month what i am talking about is that the weekly chart is because there's chapwave inside track propellant zone which has worked beautifully one two three four five and this is the sixth time that it's been down in this range and i want to see some kind of a balance uh into Friday's close i don't want to see weakness in other words the sell-off that we see now does only a futures only up 75 and the e-mini is now only at 14 i want to see some stabilization and i'm not sure if anybody's able to tell me what the numbers were um the numbers were for the um let me just get this going here a screen okay yeah so i i don't know what we're talking about in terms of the jobless numbers obviously the market doesn't like it that much now that s and p futures are only up 13 but the day is young and i still think that there's an opportunity for some kind of rebound if we get one more rebound going into Friday and e-mini is able to day's high so far 37 97 0 0 round number high if whatever the reason is we're able to get to 37 3805 between now and Friday even on one tick that stabilizes and says you've now got yourself support so that whatever the economic number is tomorrow the market is trying to fight against it the selling pressure has been intense i think it's now lightening up so that you're getting more buyers coming in people let's face it in terms of the 60 70 80 even 90 percent smashed to the downside at some stocks stocks that are really good companies some of them are absolutely they were just at at the they got over very overboard the wrong time the wrong place and the selling pressure goes completely the other way and now i think there's there are some bargains to be having there are some really good fund managers out there saying hey i like what i see i might be a little early therefore i'm not going to put too much money in but i'm going to start putting money to work and that's the most important thing so okay with that said a couple of things i want to look at right now is that i want to look at let's just do this right here just want to show you the volatility index vi x dot x there we go volatility index is right now 29 21 up 26 cents what i've been discussing for the last two weeks is that this shouldn't be a test of the 36.54 may second high that was peak d i don't usually use notation i put them in but i don't give them as much import and credence as i do everything else just this is an emotional thing this is the volatility index it measures anxiety and sanguine this and all i can say is that it should have been much higher even in the 35.05 high that was made earlier in june i should have gone higher so this is just telling me that the fund managers are starting to buy less of the volatility index to me that's a good sign and then the doji candle and just go through this again the doji candle was formed on friday in the dow the doji candle that's a very small plus sign and that's the same thing the candle on friday 36 36.87 in the s and p all i can say is that to me that's a decent sign but i'm really not happy about the 13 stochastic that should be much higher so i do anticipate there's one of the reasons why we wanted to enter one of the indices in a little bit of an aggressive way three times long that is but i wanted to split it up is to enter this morning knowing that there was a chance that we were getting at least this first part of the day we're getting the high of the day but then putting one much lower down as a second entry so that if there's uh and that was the plan i'm not i'm not adding to a losing position i'm putting it in saying i don't mind it pulling back sharply but not too sharply in fact i prefer just to get one and have it work then to get two positions but the two positions say if there is a touch of that second position and then there's a rally we're in a very good position and that's that's all i can do. The future is up 55 s and p is now up 12 giving back quite a bit of the gains and this is what i did for um yeah live earlier on i said this peak peak f had a 300 extension in the e-mini it's one of the extensions that i love i put it in there it's on a fib number but i've put it in because i love that when you extend higher i've always wanted to have some kind of measurement to the upside or the downside that is where there's nothing on the left side to give you a clue this was it and it stopped dead right there at 37 97 and now we're down at 37 75 i would say that um what is that that's uh over that's 22 points to the downside and i'm anticipating that there is some weakness and that's really based and i i wouldn't be surprised that even the dowel just slips negative for a moment based on that very low trengage reading but now we can test something in my techniques i talk about the 200p moving average look at this one minute two minute chart how i mentioned it became tremendous support and we ran up to a peak g is the right arm extension or a rogue wave because the mag d was deflecting lower stochastic only briefly went above 80 and then failed and now the 200p moving average is going to be very important put it bounce around 200p moving average arm 37 74 we'll see we're at 37 75 right now you could slip below and see what that becomes of resistance or use it i'll be back in a moment early edition puzzle chopping tiger technicians out if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i published a gold report with coverage of gold silver bonds dx au hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within 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gold traded on the nyse american and tsx under the symbol vgz oh what about what's happening here now look isn't this just a i'm always just astounded at the way these things work yes it's a Fibonacci 618 percent retracement but look at this right on the 200 period moving average for since five o'clock this morning when it lifted off from the 200 period moving average you didn't even have to care about it and you remember yesterday and the day before I was talking to you about when the green line goes over the the pink over the black line or when the pink line changes because it's underneath the black line look at this from five o'clock at about 3755 in the e-mini it was green all the way until it flipped at about 3792 and now it's pink and look at the way this is popped up and it's being resistant as a hitting resistance right at the pink nine period moving average and we'll see what happens so this is all a process it says now that now the 200 period moving average of 3773 is becoming some kind of a support you can go under it and then it'll become a magnet because you should go under it and then come back and test it and then it gets repelled and you start seeing a trade at about the 365-364 level for two or three bars it means uh-oh that's major resistance if all of a sudden you start to see buying come back in here and you're looking at 378 373 uh 370 3784 3788 that means uh-oh we've turned around and now the magnetic can get positive etc all right just a couple of things I want to do because we're always about technique and and techniques that people can use all right let's get back to our story I did that did that did that now let me show you something very important the crude oil having a nice bounce today yesterday formed the chappan wave roman candle at a not the top but off the top and that's just that just simply says if there is a close above 110 50 a close in the next two days very good you could have a further bounce towards the 111 50 area if in fact we hold underneath 140 50 for two hours today there's a chance we're going to retest the love yesterday let's go to our first caller go white shark in Boston sharky how are you hi good morning basil I just kind of wanted to get your idea with uh you know with the comments yesterday from paul and his testimony and also you know what tom you know it said at the uh you know the last hour yesterday in respect to those comments and just your insight as to how this quantity tightening going forward um you know the fed never really being able to and maybe this time not orchestrating a soft landing and just how the impact is going to be going forward uh you know from from today and and you are you're also your insight into you know we haven't quite seen the low yet so um you know that's that's that's that's what i would like okay that's that of course is the million dollar question just not an easy question chance and let me just show you something here i i'm not sure if you can see the chance right now from the tiger tv i can excuse me i can yep i can okay so if i open this chart up this is what i show subscribers from opening call i i do this every every weekend i have a video 45 minutes maybe an hour long just disgusting everything with the market overview as well as the positions that we have why we have them etc so there's a there's a line that i do in a long time ago and i said i'm drawing this horizontal line somewhere around the 13.62 level um and this is based on the 30 year yield background chart i also have said that the white is the 30 year the brown is the the 10 year and the cyan is the five year yield i'm now going to raise this so now i'm going to go to the high that was made at 34.72 and i'm going to say wait a minute and i'm going to change the colors that we can actually see it i had it kind of faint before because i didn't want to interfere with its color why did that not change oh what's going on um all right i'm trying to change the color and it's not changing it should change i'll just make another horizontal line no problem here we go horizontal line and it's this line right here there it is so that and i'll make it nice and thick and i'll change the color because i don't want to look like anything else if you look at this line we and i'm going to make it what color should i make it make it dark something or other there we are so i've got this line you know that we've been here we've even been higher than that we were up in the and this was back in uh november the week of there's a weekly chart november the 29th of 2013 and remember we've been in a mega bull market since 2000 the low of 2009 at 666 in the s&p so look at this we were at 338.54 and that is let me double check that i've got that right as a number uh 33.854 we are now trading at 3.228 so we've been here before and if you look at this this is the week uh let's just go to this area this is the week of the 29th of uh november of 2013 we'll have a look at this i'm going to go to the s&p chart right here and we'll look at the same date sbx.x and this is during the uh obama reign and that was november let's go that was 23 there it is november there we go so here we are november the 29th week of the 29th of november of 2013 and we were at the high was 1813 in the s&p so and look what happened we ran all the way to 2134 round about uh june of that year and then we had a big pullback and that was the year that we had a long sideways a year and a half consolidation going into the breakout of 2017 and we went from 2134 to 1810 so and that was much later that was already june of 2015 so i'd like to say we've been here before now what is really different is not the fact that we've been here before the issue is that there's an accommodation of higher yields as a mentality in the fed and that's the reason why i said i like this particular period right now because you have crude oil pulling back that's part of the inflationary thesis you have dba that's the dba agricultural fund pulling back in fact 2127 was the left side low of early um early may and yesterday's low was uh 2129 two pennies above and pre-market we were 2107 so we've done the dreaded h and we've started to see a bigger consolidation at a possibly a pg actually at this point i have to call it a pg in the weekly chart and a potential leg e maybe a peak e in the monthly chart and that says the fed i don't know if they're going to use this to to go from 75 down to 50 or they're going to stick with the plan of 75 and then 100 i i think that this is giving them just a little bit of leeway to say phew maybe we see the deflationary aspect um being alleviated a little bit maybe with the tlt which is now at 131 just the other day the bonds the 20-year treasury bond fund was at 108.12 so hold on in the break and i'll just finish up when we get back but what i basically want to say is that we are seeing some alleviation of the outside pressure i'll be back in a moment with sharky 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market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv sharky still there are you there sharky yes i am baldo um did you i you know future as a subset where tom had reportedly stated yesterday about the issue of inflation being so entrenched in our economy and i understand what you're saying about the dba it's over a lot of time you know that could be a break is it is it so entrenched that the fed continue has you know has to continue on the path going forward they're going to they're going to have to constantly do that tom and i it was actually six months to even i could even be eight or nine months i remember late last year i was saying when the fed finally sees they don't don't realize that when inflation rears its ugly head and is out of the bottle it's so hard to put back in so this inflation aspect is something very serious that's number one number two is just on the shorter term we've got an alleviation of all that pressure just for momentarily and that's why i think the market has an opportunity to to not just bounce for a day or two but maybe to have a more of a two week or three week move to the outside and then we reanalyze it all i can say is we're doing one step at a time and today's really an important step tomorrow's close going into monday will be really important hope that helps you thank you very much for calling it does thank you so much you have a great day so folks this is the early edition of course we got tom here brine coming up straight after this uh and then it'll be my show the repeat of my show just make it real clear if by this afternoon after 220 this i'd make a 210 this afternoon if the dow is managing to hold a plus 85 or higher and the volatility index is actually below 2890 that says good you can have a decent close look at the way this nine period expansion moving averages held so beautifully in the in the look at this this is the two minute chart for the last 35 40 minutes uh well maybe a little less you've got this holding and now sewing your leg into the upside from that 200 period moving average so the scpf uses up 17 if this can be sustained you're going to see people forced into into buying that's why we've gone much more positive over the last couple of days have a wonderful session i'll be back tomorrow check out my opening for my dated newsletter and say great programming the rest of the day building wealth trading in the stock 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