 news update. Good afternoon, folks. Steve Rhodes coming to you live from the shores of very sunny Delray Beach, Florida. This year, 1 p.m. Update and currently have all the U.S. Indices trading to the upside. The Dow's up nearly 600 points, nearly 2%. 2.25% for the S&P. That's 90 points. A little over 3% for the Nasdaq 100, 368 points, 2.5% for the Russell, 45 there. 4% for the Summizer up 116 points. We got a rally that is underway. Most likely that rally is going to extend itself, so this is not the end of the rally. You've got spot volatility trading out at 27.39. I believe that is below the 50-day exponents moving average. Of course, we'll check in on that here shortly. Gold is flat, trading out at 18.45. Silver's up 8 pennies, so let's recruit up a buck. Trading out at 1.13.23 and 30-year treasury off 24 ticks. 1.4103 is the print there. So let's go see what all this means by taking a look at that 9-panel market update chart. If we look at the ESMini in the upper left-hand side, price is above its descending trend line. It's above the center of its bull structured profile. That says price is going to go target at least 4168. My thinking is it probably gets above that. Now, spot volatility at the moment is trading below its 50-day exponents moving average. The 50-day is priced at 27.55. Price right now for the VIX is at 27.39. The close below 27.55 today is going to suggest a further move lower. That further move lower likely to go target 21.25. If it does that, the S&P 500 or the ESMini is going to go much higher. How much higher? Well, I'd say that the target of 43.54 cannot be ruled out. If we take a look at the NQ, the NQ likely targeting the 12.622. Level out there, the US dollar index has found some support at the bottom of a daily profile. If it does move lower for the course of the next couple of days, it could form a TD-9 count bottom. But right now, the level of support is 101.91 and price is holding that level. Gold is pulled back a bit. Traded slightly below yesterday's low, so certainly nothing bullish out here with regard to Goldilocks. Silvered inside day here. An inside day suggests that the trend that is in place will continue, but there's resistance for silver and that's at 22.26. Light tree crude above trend line resistance now heading to its prior swing point high at 116.43. Natural gas will complete a TD-9 count today. That suggests one of two things. Either we see a retracement or if we see price trade above, close above today's high, that's going to tell you about a very strong moment to move to the upside. The third of your treasury trading right into a descending trend line, but also traded into a rising trend line out there. Folks, stay tuned for the Trader Zed Show, but if you're off to start your Thursday, have a terrific one. And join me tomorrow morning at 8.06 sharp. I'm going to be reporting tomorrow's Trader Zed Show between 8.00 and certainly at the U.S. partners at that out. Have a terrific Thursday, folks, and we'll see you again soon.