 T F N N headline news update Everyone Basel Chapman the host of the tiger technicians hour coming up straight as soon as the tiger Financial news network update is completed here at noon eastern time dows down 436 at 26,000 right exactly 26,000 this is quite a sharp sell-off in that you remember we always looking at him just do this quickie I don't often get a chance to do that. We'll show you we're always looking at patents here Patent that is really most important is the arch formation here on the left and then the cup formation But also when you're rally and then fail and you come back and retest that left side low or you're rally to the upside Retest the top and then come back down. Let me just go straight to what we're looking at here This is the arch formation and what we had is a little arch formation that went to six points below the Recovery high of the 23rd of April at 26,695 it went to 26,689 Double top pullback very sharp pullback broken the support on the left side of 26,000 We're gonna be looking at what happens next because this is this is quite serious based now on the daily chart Look at the S&P both the S&P in the tower over 1.6 percent down The S&P is down 50 points 49 points at 28 83 Very sharp pullback from the 2949 high and now we'll look at the QQQ, which is the NDX100 This is down almost 2% at 186.21. This is the Invesco QQQ trust series NDX100 basically down 3.72 at 186.22 it's Just the obvious taken out the 186.29 low that was made back in the end of April We'll look at the IWM which has been holding way better than the others. There's that 1.7 percent now at 157.95 This is going to be very important for me because the IWM has been showing strength and even here It's got a little bit more strength than the others. How it handles the 156 to 155 areas It'll be important. Gold is attempted to rally. It's up 1.5 right now It should really under these circumstances you would expect normally that gold would be up Probably about 8 or 10 points. It's not the dollar is still holding firm We'll go through all of this and the patterns that we're looking at look at that beautiful up channel in the dollar It's kind of stuck at that 97.65 area We're talking about Crudel the TLT bonds is going to be very important I'll be back straight after these messages for the Tiger Technicians hour