 financial news network headline news update good morning folks this is Steve Rhodes coming to you live from the shores of well sunny Delray Beach Florida this is your 9 a.m. update and currently we're taking a look at the equity futures mix bag you got the Dow futures trading down 200 points the NASDAQ is trading up 83 the S&P is down 8 the Russell 2000 down 24 points you've got the spot follow-up to the train above its 50-day exponents moving average is trading out at 1858 the 50-day exponents moving average is currently printed at 1761 if price closes above that at the end of the day that is a suggestion to you and I that the ES mini should move lower and move but that that's a you know look at that for the end of the day right now you've got gold up two bucks silver's off three pennies platinum's down 18 bucks you've got lights we crude up 231 7612 let's go take a look at that ES mini so I mentioned that spot volatilics which is right next to it if it closes above 1761 and you see that the ES mini is consolidating with inside its daily profile that really sets up a likely moved down to the bottom of that profile 4635 what happens if the spot volatilics closes below 1761 well what the ES mini needs to do to generate some kind of breakout is closed above 4711 that's the top of its daily profile that also negates some topping signals the NQ negated topping signals yesterday those were at 16 448 prices above that level so it now needs a new topping signal in order to generate a short-term top a pattern out there we don't have that in place the US dollar index is a to be equal CD to the upside various reversal candle would confirm a sell the d-point price is trading right up into resistance that's the top of its but very structured profile 9602 we're trading at 95 99 right now if price were to close above 9602 today that tells you about a move to 96 81 or higher and would also tell you about the strength inside the US dollar index gold holding up pretty well we have to be careful about its bare structure profile meaning a close below 1851 20 which suggests to move back to the 1813 level silver looks very bullish here support has held lightspeed crude is trading below a key swing point at 77 23 a close below that suggests lower price natural gas is holding its own which is key support which was generated by a buy the d-point pattern out there at 4.7 25 in the 30 year treasury trader right up into resistance that's at 162 07 resistances in the range 162 07 to 163 04 folks have a fantastic Friday stay tuned Tommy O'Brien is up next we've got great programming all day be safe out there have a fantastic weekend I'll see you on Monday at 1 o'clock