 Good morning folks Steve Rhodes coming to you live from the shores of a sunny still cool Delray Beach Florida this year 11 a.m. update we've got a sea of red on the last trading day of the year you've got the Dow down 36 points one tenth percent S&P's off a quarter percent or 11 points about four tenths for the Nasdaq one hundred sixty seven points one percent for the Russell that's a 22 point move some eyes are down 32 at three quarters or percent you've got gold trading off 10 bucks Silver's down 25 cents Silver's down a little over 1% but it has found support you've got lights we crude basically flat natural gas is off four pennies 30 or Treasury down six pips trade now that one 24 30 let's go take a look at what all that means by looking at that nine panel market update chart we begin upper left hand quarter the ES mini action we're gonna see here as a new profile that is attempting to form and we'll talk more about that during the trader's edge over right now you've got potential supported excuse me 4792 resistance 48 41 spot ball tunics is trading above yesterday's hype it remains above that we will close in the red so you want to take a look at that yesterday's high by the way for the spot ball tunics was the 1265 mark the NQ also attempting to form a new profile now you'll notice and it may be hard to see might be easier we take look at my other charts these new profiles in reforming are above the prior profile that's a bullish signal from a profile's perspective nonetheless support for the NQ right now 16 839 17165 is resistance now these new profiles will not be confirmed until Tuesday if you take a look at the US dollar index yesterday confirmed a Rosemont indicator bottom today we have a new profile price you can't see it on this screen but it's testing sourcer and change line for the most part a close above 10109 that's a center of its bullish structured daily profile would signal move up to 102 26 Goldilocks also attempting to form a new profile right now it's trading into its resistance zone that zone is between 2072 80 and 2085 50 support down to 2041 10 sober as I had mentioned it is trading lower but it did find support at the bottom of its bullish structured daily profile and that's between 2390 and 2412 we take a look at late speed crude very likely targeting the bottom of that daily profile at 70 14 natural gas it's just an inside day when you have an inside day if that's how it ends up to be that typically suggests that the trend that's in place should continue well that would be a move to the upside 30 year treasury right now testing support that support is the top of its daily profile that's at the 129 level in price for the close below that 12302 or 122 15 becomes the price target folks they do for the trader Zed show but if you have to start your Friday have a fantastic one a fantastic New Year's weekend celebration and we look forward to being with you again soon take care now