 T. F. N. N. Headline news update. Good afternoon folks. Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. Currently got all the U. S. indices trading to the downside down south 737 S&P's down 93 NASDAQ's off 380 for Russell's off 59 points. That's nearly 3%. The semis are up 3% and change 106 points to the downside. You've got a spot ball of tilde eggs that is up 26%. That's up 550. Anytime you get a one day rate of change above 10%, you expect a bouncer bottom to form on the very next trading session. I would expect or anticipate that may not take place until about 9 9 30 tonight or maybe about between three and four in the morning, depending on how China and Europe trade out there. Let's go spend a little time and take a look at the index ETFs out here and some of the sectors inside the S&P 500. See what kind of message they're generating for you and I. We begin by taking a look at the QQQ series ETF forms a TD 9 count top roads meant to mitigate or top and now today prices busted through its breakout level. Now it's only day one 368 79. You need two consecutive closes below that to suggest a move to 340 15. Those are the red horizontal lines out there. When you break one, you typically go to the next. Well, the spies Friday's close was below the first level 443. Today opened below the second level 439 88. That says price could be targeting for 20 oh eight. Now don't forget expecting anticipate some type of bounce to begin overnight early morning, something along those lines. I'm not going to be able to time necessarily. I'll know when I take a look at the charts though. We take a look at the Dow Diamonds. That is the lower left hand panel prices right now trading below and it's testing the 338 68 level. That is its breakout area. The Russell 2000 is 217 44 to take a look at back up top on the right hand side. The XLK trading below its breakout area 153 97 148 20 becomes a target in the XLV. The target is 127 64 the XLF. The target is all the way down at 34 67 and inside the XLC. That's the communication sector for things like Facebook and so forth. That's down at about 7905. We've got a few seconds here. We can change screens. Let's do this quickly, Steve. Oh, and on this next screen, you're going to see the other sectors of the S&P 500. The XLV likely targeting the 45 ish area out there. That's a road meant to be indicated bottom. The XLY 178 39 is its level of support inside the XLI. The industrial sector 93 95 to be its target 68 77. That's on the XLP. The XLU is found support on may have found some of the 65 93 level XLB down below 81 80 49 out there. Hey folks, stay tuned for David White. He's up next. Thanks for joining us. I'll see you tomorrow one o'clock for the one o'clock update. The Trader's Edge show right after that. Take care.