 headline news update welcome folks we have the now industrial straight down 183 Nasdaq is down 85 the S&P's down 16 gold gold contract down $11.40 trading at 1711 an ounce we have silver flat $17.87 an ounce of light-sweet crude flat $86.85 a barrel notes and bonds if there's big numbers out here you got the tenured down one full point plus a tick at 1.15 20 the 30 year off two points plus seven ticks at 1.32 30 and you get the 10 year yield in a 3.3 percent and King dollar just don't stop and King dollar trading up 666 110 191 the further the King dollar gets away from this 110 area folks the high of the probability that we're gonna go to 121 and that is quite a move man I mean that's your next swing that's the all-time high man that was the high that was going back 20 years I believe because I started the gold report when it was at 121 and gold was at 282 so 121.30 is game that's the bottom line and what does that do well if we go over the NDX we already have the the three Q's and a confirmed ABC structure on the way down now what they're gonna do out here today is confirm it again they actually gonna do a larger one that's what's gonna happen here because you get that the B point on this ABC down is 298 44 now to stay most conservative you can keep that B point that's still gonna bring you down to the lowest swing point of a buzz basically 280 that being said guess what you got a B point out here at 57 million is done 45 million it's gonna break it today so that's even a larger ABC down that will probably take it right to the bottom of June so the bottom line that's where this market wants to go we go to the gold contract we take a look at gold bottom line gold finally got a bid one day bid last week you're pulling back today and you get some volume you got 197,000 contracts so bottom line we'll see how this low holds up of 1760 1796 10 and we got down to 1799 10 bottom line you know you went higher today gave it up on price and of course that's all about the good old King dollar as is the market man the bottom line is King dollar wants to go we go over the spy we take a look at the spy the spy is breaking a B point to but it doesn't look like it's gonna have the volume again in both cases the spy didn't have the volume last Thursday and it doesn't look like it's gonna have it today that being said and the X100 see ya don't want to be a come right back folks