 Good morning folks Steve Rhodes coming to you live from the shores of a very sunny and pleasant Delray Beach Florida this year 11 a.m. update we've got a sea of red out there all the U.S. Indices that we track our trading to the downside now is down 234.6 10% 810 for the S&P or 43.1 and 710 for the Nasdaq 317 point moved there 610 for the Russell that's 12 points 89 points for the semis that's now nearly 2% you've got gold trade up 9 bucks silver's up 8 pennies likes recruit up 64 cents natural gas effectively flat in the 30 year treasure up 1.6 ticks print out at 120 and a quarter let's try to figure out what all that means by looking at that nine panel market up HR we begin with the ES mini today's candle formation if we were to close like this that would can be a three river evening star candle formation that would confirm a roadsman to mitigate our top wave number seven is that yesterday's highs long as yesterday's highs not taken up that would be a wave seven top so the ES mini generating two topping patterns that suggests a test of support for the ES mini that test of support would be in the 50 52 to 50 24 zone out there spot ball tunics is trading above its 50 day expansion moving average yeah the 50 day is at 1382 the price of the VIX is at 1422 a close above 1382 shifts the gives the edge to the sellers out there in the case the NQ it's pulled back nicely that pullback is testing support at the moment support being between the range of 177 93 to 179 24 this is a bare structured daily profile if it's only a countertrend move to the downside where the NQ will find support is between that zone again 177 93 to 179 24 US dollar index is testing the support of the bottom of its daily profile that numbers at 103 66 we're trading right now at 103 60 we get a close blow 103 66 it could be signaling a change in trend gold is trading above yesterday's high that's a bullish outcome that suggests a run to the highs that form back on December the 4th could take us up to 2058 level Silver's now gotten in the game it closed above the top of its daily profile yesterday remains above it today that suggests that it should go target its most recent high from back in December somewhere between the 24 61 to 25 11 area lights we crewed has a new profile resistance at 79 35 the high today 79 49 support 77 34 the low today 79 11 we got a consolidation and lights we crewed between that profile natural gas completed the one-to-one move to the upside of its a to b equal CD pattern only a bear's reversal candle would suggest caution otherwise this should continue to move higher out there folks please stay tuned for the trader's end show but if you have to start your Tuesday please have a terrific one thanks for joining us and we'll look forward to speaking with you again soon take care now