george harrison and to take a photo on the cover and take the photographer blocked for 10 minutes, ian mcmillans from the stepladder of the world-famous stop five, and the beatles have gone their separate ways since september 1983. could start the third world war nuclear catastrophe. humanity. saved lieutenant colonel, stanislav petrov he was on duty at serpukhov station 15 space missile attack warning system computer, 10 transmitted a message from the satellite appetite launches of ballistic missiles from the us territory flight time 40 minutes. it was necessary to immediately notify the command of petrov to be remembered. and i get up from the chair. i couldn’t burrow, i was terribly worried, as if they had introduced me to the golgs, he showed restraint and turned out to be an excellent analyst, it was strange that the launches did not take place from one point shortly. before there was a computer crash. the launch was not seen by ground radars. petrov realized that this was a mistake. the lieutenant colonel did not receive thanks for the poorly executed documents and was dismissed only in t

i want to bring in ian mcmillan. of course the 50-day did not hold last week. one day but you're saying 4180 if i'm right, what is special about that number? >> so 4180, those were those june highs that consolidate late may, early june, consolidation period that we saw in the major indices, big behavioral level. charles: right. >> all four major indices are now back below their respective june highs and again i think that points to a risk-off environment. charles: what about the 200-day moving average which has come down a little bit? it held like a champ last time. is that going to be consequential? >> yeah. i mean it continues to slope down. that gives us a great 30,000-foot view of what this market is doing. a downward sloping, long-term moving average like you said, perfect kiss right off of it back in mid-august. just like we saw in 2008, not trying to draw any parallels there but similar action and, it was sold immediately and we continue to be in that downtrend. charles: it has been a rough few weeks. that might be an understatement for the nasdaq and th

i want to bring one of your favorite, adaptive market technician, ian mcmillan. get right to it. s&p 500, we held the 3606 number on friday. if we don't hold there, i am thinking maybe 3600. some of these old highs have become lows, 3400. what are you looking at here, in terms of how vulnerable we really are at this point? >> i say, well you mow, we're sitting here talking about the s&p. the dow is really below a lot of these. so we hit through the june lows where we are now, then you're probably going back to the pre-covid highs. i want to say that was around 3390. if we get through that, then you're probably going down to 3200 as there was september, october, november, kind of a range there in 2020 and below, that charles, which no one wants to see, maybe those blow off early 8:00 highs? i know there is a long time ago, but a big behavior level. charles: wow. in other words, we probably get to those things quick, right? one probably triggers another right away. let me ask you then about some of the other things i'm seeing in terms of, you know, typical signs th