 headline news update coming to you live from the shores of sunny delray beach florida this year 2 p.m. update and currently we've got all the u.s. indices that we track trading to the downside the fact that to see a red down my left hand panel the dow is off 173 s and p 58 nasdaq 103 17 that's only 2 percent brussel 26 semi 52 tranny is 236 new york stock exchange off 103 golds off 16 bucks silver 45 cents like to be cruised down a 3 pen set pennies natural gas is off a nickel out here so no the spot ball totics is up 11 percent so it's a one day rate of change above plus 10 percent if coming into today's close we still have anything above plus 10 percent would signal to you and I that we should that we'd have a one day rate of change what you'd be looking for specifically inside the e s mini i'm going to change screens out here now this is actually going to show you the ETFs but i'm going to change this up for a moment because it's want to show you really what to look for let me go back to those ETF charts now what you're going to be looking for if you have that one day rate of change is some kind of bottoming pattern very much like inside the s mini what we have right now no maybe we get that bottom now maybe we don't but you're looking for for example the best bottoms are the roadsmen to indicator signals bottom that's where price gets stretched and gets stretched too much you get that rubber band and you get that little snapback rally out here so that's in place right now but price going to need to close above 46 it's called 4607 and then 4618 and then finally 4652 is where the counter trend rally should end and the price close above it tells we've got much more rally to follow so that's what you'd be looking at going into today's close let's go ahead and spend a few minutes we've got them can't spend a few minutes let's spend about a minute looking at the ETF structures out here so here you've got the cues the spies the diamonds and the IWM we take a look at the cues they're coming back and testing the bottom of its daily profile below that it has support at the 373 area 378 I take that back the spies trading below the center of a bearish structured profile that's an indication to you and I that price may want to get back to 450.99 if we take a look at the dow diamonds they're just testing it's actually a change line its test is bullish the price would need to close about 365 to at least suggest we go back to try to test those all-time highs the IWM is potentially going to take out its TD9 count bottom and if it does that that tells us that it wants lower price you've got to watch 213.15 the close below that today in your 213.55 right now would say it wants lower price folks stay tuned for the power trading hour with your host Dave White he's up next tell him will Brian he'll take us on home I'll be back with you tomorrow at one o'clock sharp for wonderful Wednesday have a terrific Tuesday folks take care