 news network. Updates. Good morning folks this is Steve Rhodes coming to you live from the shores of sunny Delray Beach Florida this is your nine a.m. update and let's just simply go to my nine panel charts out here that we get this in during this little two minute period so we're going to take a look at the E. S. mini. And what we can see is this is trading at first this generated a little bit of a little bit of a sudden drop in the bottom number the twenty second out there. So you've got a valid bottoming pattern. At a level of support that was it so weekly a T. weekly a taz market profile level. A forty three twelve. Now price is trading with insighted date bullish structure daily profile. As long as price can hold and that means stay above close above forty four seven sixty to get back and retest that weekly level of sport at 4312 watch 4407 the spot follow techniques is the next important chart out here that's a center panel and you can see that prices trade above its 50 day exponential moving hours of 50 days at 1870 price right now at 2035 that's always a bearish directional signal for the S&P 500 but if prices below 1870 closes below that that would be a bullish message and suggest the yes many would target 4483 the NQ right now it detested the bottom of its weekly profile this week generated the same type of Gertley buy pattern but what price did was it form a new profile which was above price at that time that is an overhead supply and countertrend rallies would end at the center that's what's happened so far 15332 if price closes below 15257 it suggests at least a move to 15102 and below that 14802 the US dollar index this generated a sell the D point yesterday big old bearish engulfing candle although not shown here all price did was pull back and test its oscillator and change line so really we have a neutral signal out here for the US dollar gold yesterday pulling back and testing a key level of support that was a trading day from September 28th that was a key reversal bar that says the low of 1742 30 is really key a close below that suggests lower price the silver contract doesn't really have a bottoming signal out here just yet if it did generate a bullish reversal candle today that would signal the bottom and uh light sweet screw looks like you want to target the 7616 level out here you can see the consolidation in the 30 year treasury folks stay tuned uh nine o'clock uh we've got Tommy O'Brien uh coming up and great programming during the day thanks much for joining us stay tuned for great programming here and i'll see you on monday at one o'clock normal time for the traders at show take care folks