 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. I want to talk. Yeah. We think we can get going on this first week, Tuesday, the 6th of September with the SB down 28, 38, 95. There was a discussion. There was a discussion in the Tiger Den about the Roman candle. What's the Roman candle? Well, that's part of my Chapman Wave methodology. A Roman candle is where the price usually at highs, you see that. And what happens is the price of whatever you're following opens higher, makes it tighter. The wick has a huge candle to the downside that closes that particular bar, either half or two thirds off the base low of that wick. And this case, at the high, all-time high, 48, 18.62, the S&P made a high, and then it opened at 47, 78, 18, popped to 48, 18.62, ran down to 42, 22.62, which was the 14-period exponential moving average, which it hadn't even touched since back in June or so of 2020. So that was significant, but then closed at 45, 15.55. And that produced a candle that I said, uh-oh, the rule of the Chapman Wave methodology is if at a high you get this red candle, and the reason why I called it a Roman candle is it makes this tiny little wick. And you know with a Roman candle, you light the wick and it blows up. And my rule of thumb is within two bars, if there is a short-term close, and in this case I said on a daily basis, halfway into the wick, and that would have been around about 42.22, halfway into the lower part of the wick, be careful because that suggests there's going to be a very quick move down to the lower, maybe even close at the low. Well, we did that once. We did that the following session. That was the first one was January 2022. The second one was February. And that took two bars in which to break down. And then we went lower and lower until 36, 36, 2087 was the low that was formed back in June of this year. So that's the essence of it. And why is it important if you remember those of you who are around when we made that high back in, right there, back in October of 2007, there was a kind of almost a doji candle at the high of October in the following month, September. I said, uh-oh, I had to wait for the September candle to close. And I said, uh-oh, a type of Roman candle at a high. And that imparts the information that says, well, watch out because if you start closing below that low, look, we did three months later. We did that huge Roman candle and closed below it. So yes, it's a very important technical indicator. And that's the reason why I've been saying that, yes, we have made some kind of a top in the shorter term. Then I went to the intermediate term in the dating chart for intermediate term cell signal. Then the weekly went from a cell signal to a cell mode. And then I said until we close on a monthly basis below the nine closes below the 14 period in the monthly chart. Yes, we could possibly have a buy signal, but it's very unusual at a P, B, not to go to a C and a D, but all the other indices that already made D, E, F, and that said, got to be really careful. So in this particular instance, September is going to be a very, very important month, why? Because so far, you've got an S. And that's the first time you've got that in the monthly chart in a very long time. You've got an S in the monthly chart of the Dow, but we're only a couple of sessions into September. We have to wait for the whole month of September to see if that's concluded as a negative. And then we're going from a cell, we're going to have a cell signal. I don't know yet if we're calling it a cell mode, but certainly a cell signal. So everything is in play here, and that's the reason why I raised stops that we've got a pretty, very high, in fact, cash position at this point. Yes, we are trying to buy the Dow for at least a counter and rally. And yes, on Friday I had mentioned that we had bought, actually no, I didn't mention it. Subscribers know about this, that we bought just before the close, we bought a little extra insurance for our short the Dow via the INDU, via the DOG. And that says, and that was from the 22nd, I think it was, of last month. Let me just get to this. So what we're doing right now is we're looking at, oh, I didn't type that in. Yes, it should have been in there. Oh, it's in this chart right here. That shows you there, short right there. And we wanted to add to it, I took that off this morning, actually I probably should have held it because I treated it only as insurance because all of the negativity at the end of last week said that over the week, long weekend, there could be just a horrible move on Sunday night into Monday in the futures market and that would carry through to Monday, but that was the exact opposite. But now we do have that. So as it says right now, overall, the only position we have now is the short side of the Dow. And we're waiting to see how this unfolds. And the more I thought about it, the more I did the work over the weekend, I came to two conclusions. One is that the market is now a trading vehicle. And that's how you have to consider it. Trading on the short side, the long side, very quick moves. I don't know if you want to use two or three times positions. I'd say that's kind of, that's just a little high risk. In this case just for me at this particular moment, but in fact, if you're looking at the SMHs, the semiconductors, look, they're making new lows as we speak. And that's not a good sign, especially after the weekly chart. Didn't have such a fantastic move to the upside when you think 318.69 double top in January from the November high. And then it pulls back very sharply from 318 to the 204 area. That, it's not a very bad move chart wise because you were coming off a low, just certainly the low from March of 2020 and 96 round number low to 318 spectacular move to the upside. But this is starting to get a little more serious in this weekly chart because, excuse me, the low that was made just recently in the 200, no, this is the one that was at 188 or something like that, let me see what it was. 189.94, it's just becoming closer and closer. If we move underneath that, that's not going to be a good sign at all. So yeah, I'm suggesting cash is a position. It's not a cop-out, it is a position. And we are now in a very heavy cash position. And number one, number two is within the context of balances. This balance, if you look at SMH's little bounce for the last two sessions, that's not very good. If you're looking at the Dow, looking at the balance, where did that go? Dow, there it is. Yeah, it's the same thing. We failed in the rally on Friday and we went to a lower low and now we've made a lower low stop. So that just says that now you can have rallies but you've got to look at this. It's a 950 L average of $35,895. $2,188. If you think average, that's going to be strong resistance. It's a good bet. I'll be back in a minute. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing strategy to create shareholder value. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today TFNN.com, Educating Investors. All Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. The more work I did over the weekend, the more, as I concluded my subscriber video on, was a Monday morning, I, as I went through different charts over the rest of the day, going to Monday night, and I have to tell you, I did drive on Saturday and Sunday, I drove by, the US opened, I didn't actually go in. A lot of traffic there. I wish I had, but this is on my way to Brooklyn. And the tennis is absolutely fabulous and the level of playing, for me, the dexterity and the movements, it's not so much the back and forth, it's sideways, it's running to the net. I love that kind of tennis, very, very physical, very active, great tennis that we've been watching. TV, that is not the real thing. And so, the more I came to the conclusion that that's very much like the market right now. It's just really choppy, so far we have to think of more like lower highs and lower lows. That's the shorter term. The other aspect that I, that, based on the candle that I spoke about in the S&P, the monthly candle at the high, the championship Roman candle, where if you trade within a very short timeframe, halfway into the wick, the lower long wick, there's a real good chance you're going to take out the low and then go even lower. That sets in place an activity within markets that I think we cannot rule out. And that is regardless of how we chop and how high we go in this interim period, until we make a really strong V-shape low and it doesn't have to be a V-shape low that has to be retested. I like to talk about an internal low and a residual low or the earthquake and the aftershock. But that V-shape, I think going to a lower low and then rebounding very sharply and as we go into the lower low, if you look back just three bars to the actual lower low point of the ictus, the turnaround moment, you usually find that it's 15, sometimes even 20%, just the last move down gives you this extra negative activity before it turns around. Then you look back and say, wow, look at that. Within days we were above what we were just whatever number of days ago. And that says to me that you need a lot of patience and there's nothing wrong in having cash handy. I just think it's really important to be building up some kind of what we can call a kitty or at least some way that you can start entries on that V-shape low if we're able to identify it whereby you can start initially having a wide stop and then make that stop tighter and tighter until there's a gain and then you can say, okay, I know exactly what I'm prepared to lose. I don't know what I can gain but I know what I'm prepared to lose. So in that aspect, I don't think we're there. I think the news reports are coming out and we're going to find that the weakening even in the housing sector, but especially so in the jobs sector, there's going to be a mental change. You know, in housing when you want to sell place and you think, oh man, it's going for, let's just make up a number, let's just say 400,000 and it's going for 400,000. I'm not prepared to accept anything less than 420 and all of a sudden somebody comes in and says, I'll give you 400 cash. You say, nope, I want 420 and the next offer comes in, it's like 390 and then finally when you're deciding that you really have to sell you just want to get out and you say, okay, I'll take 380. The person who was offering 380 comes in and says, okay, well, 360, take it or leave it and that's kind of what we're looking at the job market that people were saying, oh yeah, I'm working at home. I love working at home. I'm not going back to the office and all of a sudden that whole aspect of your income shrinking, the job disappearing or at least being threatened and then your children say, okay, I'll accept it. By that time the company is already starting to shrink their employment activity. They say, okay, well, you know, at this particular time where the markets are soft maybe we don't need to increase our employment numbers. So this is, I think that's what we're looking at and therefore I think there's more time that's needed here before we can actually get a low of significance, one that really has the potential to move the markets 30 to 35% up. So that's where I stand right now and also with the patterns that we're looking at with that weekly pattern fading again going underneath the chapwave inside track, I just don't feel that I need to be aggressive here. In fact, this is one of those cases where we will have enough money to deploy if we start to see higher highs and higher lows. Just keeping it as simple as possible. All right. Now, within that context, a couple of questions that came in over the weekend. Let me see if I can get to them now. Yeah. Can you look at Amazon? Is this time to increase your, you said nibble on Amazon? What do you feel like now? I'm still in the nibble camp. There was that one moment it was at, I think it was in the area of 134, 135 and now it's at 125 and I'm still not, that was just like a pilot light just getting a little foot in the door, a little pinky in the door to say, hey, how are you acting while the markets in this particular phase? I don't want to be in Amazon on a big, at this point to increase anything other than just that little pilot light nibble. Let's see what happens. I want to see by the end of the week, has Amazon held 122? I think it was. See the gap high the day before the actual gap up, the high that day was 121.90 on this 27th of July, the very next session, sorry, did I do that wrong? I guess I must have moved. 122.84 was the high on the 28th and on the 29th the low was 132.41. So until I know that that, certainly the left side high that was made on the 22nd, which is 125.50, that's been tackled over the last couple of days. Not good enough. I want to see, do we get down to that level? Do we get inside into the 120 area 118 in this particular down phase? Or we now just about to start a move that says, yes, we could have another bounce before we have a real test of Amazon's strength. So I'm just saying step aside. Next question was Exxon. A lot of people have Exxon for a long time. And I've got Exxon and a peak C, even though everything about it looks like that should have been a D, but it is underneath the weekly peak F at 105.31 then 105.57 was the high of the week of the 10th of June. Just type that in. 95.5761022. And we're at 9510 right now. I think that if you're holding Exxon, having taken a little bit off when I was talking about all those other multinational oils back there and they didn't pop up that was going to choose high, I think that because I would be adding to Exxon right now. I just hold tight and see what happens, but I think we are getting close to a test in Crudel or I haven't even gotten to that. I'll be back to talk about Crudel. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn Educating Investors. tfnn.com I want to go back and let me just check on something here. 11, 19. Okay. So, in the context of the e-mini, we've got a little bit of a turnaround here. Down 18, this looks a little too aggressive to me, so I'm going to move it over a little bit because that's what we have to do if the plum line has moved to the right and that just says, find another right here. So you'll have to find that'll be the fulcrum right there, the plum line, the moving plum line and we'll go to the right. And so, okay, if this all works out, then by what time would that be? That would be 1037. Wow, that's a little aggressive at seven minutes. 1037. Yeah, by 1037, the plum line right there should be taken out. And that is at 3915. And if that's taken out, you can see a test of the high. That looks very aggressive to me. Of the 10 o'clock high, 3920 on the September e-mini. Well, we'll come back to that. That's not so important right now. What is important is, a couple of questions came in. So, holding puts on some of the semiconductors, for instance, Intel is one. And I always think that it's always very difficult for me to do, but the rule of thumb is what you should stick with. And the rule of thumb says, if you're going to short something, short the weakest because they're the ones that show that they haven't got any strength on the upside. So, therefore, they should continue working to the downside. And remember, another rule of thumb is, stocks that make all-time highs tend to stay in that all-time high sector for a while until things change dramatically. And stocks that make all-time lows tend to do that. And Intel is one of those. So whoever said puts on Intel, at this particular point, you're right, because it's down 76 cents at 30.46 down 2.4% today. Nvidia is in the same category. Remember, the semiconductors have been acting very weird, not gone back into the semiconductors since we've had that really aggressive move to the upside. And now we're just stepping aside. And that's another reason why I don't think there's any reason to be aggressively long, but you can be specifically long. That is, either a short-term trade or a stock that's held very well against all the downside pressure. Now, this is very interesting. That was GSAS-C. And this is now coming to D in the weekly chart in Nvidia down 2.38 and 1.34. These are not... Two things. One is, if the semiconductors are failing, it says there's a good chance that the general market is going to have a tough time holding gains. And number two is when eventually the semiconductor index starts to move to the upside, that should encompass the QQQ, the index 100, and the QQQs right now are trading down. If I can just type it in right there, there it is. Yeah. Q's are down in leg E at 2.92, taking out the left-side low. So let me just draw this in. Someone said, could you just do this live on early next week? So what I do is I like to find a plum line. What is the plum line? That's the line on the way up where the market stores or the price of the tradeable, you're looking at stores on the way down, and it looks like when it turns around, you can make an equal number of bars on the right side to what it did on the left side. It's bar symmetry. I swear I had a webinar based on bar symmetry just recently, a month ago. And look at this. In the bar symmetry, you've got on the QQQ, the low that was made back in July, I'm going to say for the moment, I'm just going to say the 22nd, 23rd. If you go to the right side, you've gone down below that match in price in a quicker timeframe. One bar early. We've taken out the low that was the low of the 26th of July at 293.54, going to the peak G doji candle with the sign in doji following at 334.42 on the 16th of August. And that just says if you fail, that means that the acceleration down is greater than it was on the way up. And now you're going to look for the next support level. Well, unfortunately, that doesn't come in as a very direct trough until you go back to the 14th of July at 279.80. That's 10 points down from here. And this is a really leg E with the potential that it could be a chamois instant restart on the way down. So I don't want to mess around with this. I'm just saying that the semiconductors are not acting very well right now. We just saw that in some of the leads, like in not Intel as a lead, but Nvidia that was a favorite. But what if you go to Marvell? MRVL. And Marvell, it didn't even get to a D and it didn't even get to the 200 p.m. Rubing average is down 70 fees since the 4502 and a very big arch formation in the daily chart and a peak D in the monthly chart. So even some of your better ones, even applied materials, AMAT made a peak E with a doji candle and it's coming down. Oh, well the next low that we'd have to look at would be the low of the 14th of July of 86.41 and the way I do these is if it's very obvious that there's a trough that I can use. Let's get it from this one to right there. That's a very, that double top, it's just great if you can use the VOU shape bottom as a left side, right side price time match but if I do that it says, oops, got it. It says that we've already run out of time. Did I get that career? Yes, I did. So that's green and that's pink and yeah and that says it hasn't it's taking a little bit longer to get down there and this particular pattern says if it's taking a little longer there's a chance it could make that low later but then come back very quickly to test that support level so the level we're watching here is going to be 86.41 and it says 89.72 so what would I then do? I draw in the channel wave inside wedge target repellent line it would have to go to that level well that level's already we passed that level in the number of bars from the left to the right so that means I have to find another point of reference and that says I could in fact move it to the right and we take it to about the 9th of September the 9th of September is Friday and Friday it says if there's a chance by Friday we should be testing 86.41 Alright so a couple of those things I wanted to go through another question was could you show us your triple yield chart well yes I can show you that I didn't really want to add that today but I'll do that I did it for subscribers yesterday there's a triple yield chart and that's just saying the huge cup weekly cup formation that made a handle is probably going to take out the left side high and then come back into the handle because that's what cup and handle patterns do let me show you white is the 30 year brown is the 10 year yield and light blue is the 5 year yield and it should be there right now it should be there right now alright if it's not there right now it should be there right now and there it is so here we go you see the white is just sneaking above the cyan that's the 30 year that's a good sign actually it says maybe the inversion is just kind of not as bad as it was so you can see it 3457 for the yield 3.457 is just a 10 under 3.472 by that was right back in 7.844 by 24th of June I'll be back in a moment oh is that true yeah you got speed down I'll be back in a moment you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basalchapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basalchapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as 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prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by vista gold traded on the NYSE American and TSX under the symbol VGZ so because of the discussion about the chapter of roman candle I completely forgot about just going through all the different indices as I always do so let me just do that now and also it's a little late and maybe it's a couple of minutes late but we did get to that exact level in the S&P E-mini that I was targeting the 39 whatever it was over there 39.18 39 25.50 level we made 30 right there we made 39.25 50 at 1041 all right that's the technique and the closer we get to 323 on the next rally if it is then the 39.27 200 period moving average becomes a target okay let's get back to our story here so this is what I wanted to talk about in the gold so the gold right now is down four and a half at 17.18 one of the aspects that I've been very impressed with was that the the fact that the dollar is streaming at all time yearly highs or in multi-year highs let's just say remember because we still got that whole area in the highs that were made way back in the dollar so that's at least recovery highs but what we're looking at is that gold is holding pretty darn well when you think about it individual gold stocks some of them have got pummeled some of them are holding okay but more importantly what I am looking at is the gold the patent that we're looking at has got this huge cup formation this is the opposite of we were looking at in the weekly chart of the bonds where I say a cup and handle not one of my favorite patterns at all unless you get the low of the cup handle and then you can write it so that it bounces high and then comes back to retest the lip of the cup well this is the exact opposite in the gold it's also got the Chapman folding ax formation the inverted folding ax formation rising lows and much higher highs then it turns around but if it makes a peak C, D or E and then comes back in this particular expanding cone formation usually all that happens is a retest for low it can even slip a little bit lower but it doesn't break down like the dreaded H pattern when it fails at a peak B or an A so this is a leg A this is a little miniature dreaded H now that's different so if this A starts to plummet the 1680 area is really important to hold on a continuous contract for gold meantime back at the ranch this is it's doing okay the MACD is improving histogram wise but it's not great the stochastic is okay 26 but it's really not good on balance volumes down the 9th period is way under the 14th gold there's a lot to do but the fact that it's holding okay is very impressive the fact that silver is making low lows and low highs in the weekly chart but the daily chart is that a little bit of a pop-up is okay but it just says to me that if silver plays catch up to gold to actually lead it's going to have to do a lot more it's 18 right now 18.02 huh it needs to get to the 2150 area sometime in September to say hey I'm back in the running at this point it's just not in the running it's just running and if you're looking at high grade copper high grade copper is down at the lower end but it's holding okay not great I always put it together with wood the ice is global timber and forestry ETF which is not that great now it's actually very weak we were doing well before now it's not doing well at all so that just tells me internationally there's a whole spectrum that goes together with high grade copper which is an international benchmark for building activity together with the ice is timber and forestry ETF and that just says who this is not a great time if you look at the HGX which is Philadelphia housing sector index yeah it's not a great chart at all it's not failing but it's definitely not acting very well so I want to put that together just to say this is the whippy time this is where as traders inter-day traders like we just looked at a moment ago is that not just a beautiful way of assessing strength and weakness that beautiful cup formation now it's starting to attempt the 39-27 level in the September E-mini one-minute chart so you can just go step-by-step but that's what I'm saying so I think that as a trading vehicle right now we're looking at maybe not getting a big core position of longs if you have and this is what I was saying to subscribers if you have portfolios you want to ensure that one of the reasons why we went short the Dow via the DOG back in the morning the 22nd of August there was because it just wanted that insurance it was way more important to have some insurance than to necessarily be trading but you can trade because that's just the nature of what we do for shorter-term people in the market so look at this Crude Oil is down 23 cents at 86.65 the more times we try to test the base you got a ceiling the more times you can push the ceiling you can eventually break it and on the base on the floor the more times you hit that floor the weaker it becomes well this is the base that we're looking at right now and it says that by next week there's a chance that Crude Oil takes out the support of the 15th of April of 83.93 that's the continuous contract remember and if that's taken out then the last support is 83.2020 that was made the week of the 6th to 18th of March once we below that it says you got to look at the weekly chart and say that looks like a dreaded age from the weekly chart that's that's impacting the monthly chart and that the 82 level the 200 period exponential moving average which since the Crude Oil broke above and that was the week of I think it was December of 2020 when it hit 34 after being at 28 it hasn't touched that 14 period moving average once twice but it hasn't broken under it that means all of a sudden Crude Oil now if that's the case then why isn't the IYT this is the Dow Jones I say Dow Jones Transportation Average Index Fund what a name just called it the index the Transportation Index is in a leg D to the downside in the daily chart the weekly chart is not all that good it's just flipping to at the start of a week so we can only say at the start of the week it's flipping to an S which is sell because the 9 is under the 14 and all I'm saying is that it's holding okay in the monthly chart but with Crude Oil pulling back like this we should have seen the better response in the IYT so with that said I'm going to just make it as clear as I can that this is selectivity you want to be in areas that are showing some kind of strength and if you can do that even then you want to find the strongest stocks in that particular sector now even more important than talking about stocks I wanted to show you something here with what impact stocks or what are stocks due to impact this particular index and that is the VIX the VIX ran to a higher high in leg E this morning it hit 2780 it's starting to pull back a little bit here and it wouldn't have surprised me at all if this week we find that the VIX is actually holding above the 2437 200 period exponential moving average but is dropping and holding kind of cities if fund managers are buying the volatility index as some kind of insurance or some kind of possibility of the markets being weak even on rallies I'll be back in a moment now David White is a powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and markets allows him to consistently find and share winning trades support and resistance define the ranges in which stocks trade by understanding these trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win come today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30-day money back guarantee take the path of least resistance at TFNN Educating Investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible to predict the price from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up-down sequence gives you an edge in identifying price turns and valleys in stock prices get the opening call newsletter by Basil 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satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors on the front page of TFNN.com you can see it look he has the triple yield weekly that cup formation with the handle right now says it's a good chance we're going to pop above the high that was made does it get smoothed out? surely it's the same thing it should be 34-70 yes there should be a move above 34-72 and then at some point over the 2-3 weeks as it gets there and goes a little higher it should come back into the handle with the forest GTF look at that weekly chart that A uppercase A and it's starting to fade and it should come back to the 200-period moving average and even the high-grade sorry the Philadelphia housing index that A says yeah this is really important at 377 a close under 369 says uh oh failure pattern but I'm moving to the 383 sometime this week says no no if you're looking at different sectors look at the XLE trading at 79.46 down 51 cents made it peak D beautiful left side right side price time match in the Chapman wave methodology look here it is look at that that's to the high that I designated as a potential high and that was the candle of the 15th of June at 84.47 we're going to 84 85.18 just a 10 above and then came down so I think that the select energy spider fund can pull back and if a source of close under 70 a close under 77 suggests that that's going to be in the digester phase with the little guy to come back strong a little late don't provide that digester I'm going to hand it over to Steve Rhodes great programming all day I'll be back to come a little later today and check out more to come a day to say have a wonderful day