 update. Good afternoon folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida with your 2 p.m. update and currently we have all the U.S. Indies trading to the downside. It's going to be a bloodbath is what it looks like the Dow's off 735 a little over 2% a little over 2% for the S&P 500. That's 95 points and Azdec down to 92 2% there the Russell off two and a quarter percent 45 points what is seven tenths for the socks you've got golds off 14 bucks silver down 32 cents like recruit of a buck 68 natural gas up 32 cents 30 your Treasury is basically flat out here trading out at 140. Let's go spend a little time with our indice charts see what they're communicating to you and I momentarily in the upper left hand corner you're going to see the Dow Jones industrials and the Dow right now is trading before trading below its green assets are in the change line and it is taking out its TD 9 count bottom. Let me just expand this chart out and just confirm that now what you need to see today to negate that TD 9 count bottom is a close below the price point of 3410281 we're trained below that right now if we get a close below that what does that suggest that suggests getting back to the February swing point inside the Dow Jones industrials we take a look at the S&P 500 it is negating this TD 9 count breakout level that suggests to move back to 4521 or it's February 24th swing point out there if we take a look at the NDX 100 it is testing it's actually trading below its TD 9 count breakout level 13 475 it is trading into the swing point from the trading day of March the 14th so that's the only savior in this market does price test and reject that level a rejection would be a close back above 13 386 66 you're 13 430 right now has price gone down to 13 386 I don't think so so watch that you've got down to 13 714 so price should at least tag that level up and closes inside there that's a suggestion that the low of that swing point should get tested Russell 2000 is trading into its swing point from February 23rd that may be signaling to us that it wants to get down there and test that the semis they are trading below their swing point from March the 24th out there what is that setup that sets up lower price that could be setting up a large A to B equal CD to the downside that smell smells and spells trouble looks like the next price target for the semis are around 2862 that is a TD 9 count breakout level folks they do your favorite polar bears up next entombed bride he'll take us home from three to four please join me on Monday morning at eight o'clock sharp as I record the trader's it show between eight and nine have a fantastic weekend folks thanks for joining us we'll see you again next