 financial news network. News update. Good morning folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This is your 9 a.m. update and currently got all the U.S. equity futures trading higher. The Dow is up 96 points. The Nasdaq is up 55. The AS mini is up 16 and the Russell's up 10. You've got an age last night, a little bit of a mixed bag. You had the Shanghai finish higher by 35 points. That's about 1%, 1% for the Nikkei as well, 276 points. Over in Europe, you've got the DAX and the U.K. in the U.K., the FTSE in the U.K., trading higher 49 points and 26, respectively. Gold is up 6 bucks. Silver is down 3 pennies. Let's go take a look at our 9-panel market update chart. We begin by taking a look at the ES mini in the upper left-hand side. Price held the bottom of its weekly profile, 45.04. It looked over that cliff and decided not to jump. Now Price is trading with inside a bearish structured daily profile that's attempting to form odds-favorite price. We'll go try to target the 46.51 level. It'll continue to do that as long as the spot volatility continues to move lower, but it is still above its 50-day exponential moving average, which is price at 1,981. What that tells us is if there's any surprise today, the surprise will be to the downside. In the case of the NQ, it's got an A to B equal CD to the outside. It has not completed that pattern. It generates for you and I a counter-trend move signal on this bounce unless price closed above 16, 134.30. That's the level to watch. If price closed above that, then we're back to its recent highs out here. The US dollar index just consolidated with inside its daily profile. Gold found support yesterday at the bottom of its weekly profile, very much like the ES mini did. And there's a new daily profile that's attempting to form. Gold has a TD 9 count bottom as long as price did not close below yesterday's low. In the case of Silver, it also has a TD 9 count bottom and that will be negated if price closes below the low of, let me give you that number, it's going to be 22.18. 22.18, if you close below that, you should see Silver make its way to 21.82. You've got lights we crew, it's got a bounce going on. That bounce is likely to run out of steam in about the 69.15 to 71.71 area. Natural gas, just having a little bit of a bounce but no bottom signal as of yet. So possibly lower price in the 30 year treasury trading up into a resistance level, which is that descending trend line. Folks, stay tuned. Tommy O'Brien is up next for your fantastic Friday. Join me on Monday at one o'clock for the Tradershead show. Again, thanks so much for joining us. Have a terrific weekend, folks. I'll see you on Monday.