 your financial news network news update. Good morning folks. This is Steve Rhodes coming to you live from the shores of very sunny Delray Beach, Florida. This year nine a.m. update and curly of U. S. equity futures trading to the downside. Dow futures are off 381 points while the Nasdaq futures off 209. That's about one in seven tenths percent for the Nasdaq one three tenths for the S and P. S. many trading down 51 points and rustles off 25. That's one in three tenths percent to the downside over an age last night a mixed bag out there. It was a Nikkei closing higher by one and a quarter percent three hundred forty nine points the upside twenty seven four fifty three as a print over in Europe right now you've got the Dax and the footsie trading lower down by one percent for the Dax the footsie off three tenths percent. Gold is off four bucks. Silver's down twenty three cents. You got lights we accrued trading out at seventy five sixty six. Twenty seven pennies natural gases off is basically flat as we speak. So what's all that mean Stevie. Well let's go take a look at that nine panel. Market update chart we begin by take a look at the ES many in the case the ES many. There's a new profile that is attempting to form out there. That bottom of that box at thirty nine ninety five that profile will go away if price remains below that level or at least it should go away if remains below that level out there now the only other price target area or support area should say from a profile standpoint would be down at thirty eight forty four. The case the spot fix index still above its fifty day exponential moving average. That number is twenty eighty three as long as price remains above that. That gives sellers the advantage. Now sellers have the advantage however price in the end queue it's going to be all about the end queue today prices pulled back it's already tested and so far rejected the bottom of that daily profile eleven nine seventy five is that number it's been down to eleven nine seventy four and a quarter out here a price close below eleven nine seventy five that's going to suggest a further move lower now from an A to B equal CD standpoint that's price target would be down at eleven eight ninety four that US dollar index she's got a A to B equal CD pattern the upside but it is in the process of forming a TD nine count top just like gold is in the process of forming a TD nine count bottom. But just because it's forming that pattern those patterns can get negated the A to B equal CD for US dollar index gives you a one to one price projection of one oh five fifty six again gold is going to complete a TD nine count bottom today that says we should see a bouncer bottom begin to unfold Sunday Monday of next week folks stay tuned Tommy O'Brien is up next with the morning market kickoff have a fantastic Friday a fantastic weekend I'll see you at eleven o'clock on Monday take care be safe out there.