 update. Good morning folks Steve Rhodes coming to you live from the shores of a very pleasant and cool and sunny Delray Beach Florida. This year 11 a.m. update and we've got a sea of green out there all the U.S. indices that we track are trading to the upside does up 49 points S&P nine NASDAQ 135 rustles up 20 that's a little over 1% almost 1% for the semis are up 33 points trend is up 25 golds up $9 with silver being down nine pennies lights recruit is taken hit down $2.21 NASDAQ soft 2 cents the three-year Treasury up one point and two ticks she's pretty out of one 2016 let's figure out what all that means by looking at that nine panel market update chart we begin upper left hand corner ES mini what do we know about it well we don't have any kind of a top in place as we speak what we do have is that very narrow range profile support 4551 resistance 4582 we're trading 4581 50 right now spot ball tickets is trading below its 50 below its 50 day expense moving average but also below yesterday's low we really should be seeing more of a rally inside the S&P or the ES mini out there tells you just how strong those sellers are at the 4582 50 level we take a look at the end queue just got a good old fashion consolidation with inside its profiles 14 599 50 is supported 15 366 75 is resistance we take a look at U.S. dollar index it did close above the top of its daily profile now on my white background charts I've got a different set of profiles I think it's right around 103 90 is a level that price needs to close above in order to suggest to move up to the 105 76 level gold which has a sell the deep point patterns consolidating with inside its profile support of 2023 20 resistance 2080 60 silver has got a sell the deep point prices below the bottom of its daily profile this could be day number two below that profile that suggests there could be a change in trend like we crude is trading below the trend line resistance level set it back towards its swing point out here this is swing point from May 4th the top which is 67 67 60 we've been down to as low as 69 98 if we take a look at natural gas out there again this is something we should just consider coming back to in January it's trading below profile levels it's still it's very unfavorable December is the worst performing month November December just horrible for natural gas doesn't look like this December is going to be any better now 30 year treasury it did hit the one to one A to B equal CD price projection level that does not mean it's time to sell it you wait for a bearish reversal candle you get a bearish reversal candle then you've got a sell the deep point or a currently sell pattern otherwise prices going to go ahead and higher 122 123 level folks they do for the trader's edge open if you have to start your Wednesday please have a wonderful one we look forward to speaking with you again soon take care now