 The Tiger financial news network Good morning folks Steve Rose coming to you live from the shores of all mostly cloudy Delray Beach, Florida This is your 9 a.m. Update and currently we have all the u.s. Equity futures trading to the upside You've got the Dow up a little over 1% 368 points and NASDAQ up over 2% 319 points the ES many one and a half percent 67 points the Russell is up 30 That's one and a half percent as well over in Asia last night a bit of a mixed bag You had the Shanghai and the hang saying clothes higher the Nikkei was lower You have over in a Europe this morning the DAX is up two and a half percent the footsies up one nearly 2% as well 389 and 137 points respectively golds back nine dollars Silver's flat platinum's up 26 bucks trading out at 10,000 10,000 a thousand and 53 buck Rooney's 30-year treasury is flat. She's trading at 1550 7 so let's do this here I'm going to switch and just go take a look at the ES mini charts out here I see what they're really communicating to you and I if you look in the upper left-hand corner You've got the monthly time frame the monthly time frame shows a TD 9 count top I'm sure there is a sell the d-point top as well and if on Monday, it's only Wednesday if Monday We see a close below 45 37 the signal here is over time That price may bull pull back and test the 37 20 level in the case of the ES mini for its weekly time frame It has a confirmed Roseman to Mindicator top price made its way back But didn't get all the way back to its break a level 41 26 right now. It shows a hammer candle Let's see what that looks like on Friday on a daily time frame the ES mini has a confirmed by the d-point That was generated with this bullish hammer candle Two days ago right now you're showing a bull sash candle That would be a third confirm or second confirmation more likely than not if you look at the oscillator and change line Changes from green to red it does this on the trading day of January 20th So that was a two four five days ago or so and the trading days and this suggests that price and that oscillator and change I want to change its colors should catch up to each other now whether price can overtake it or not that I don't know But price should target that 45 or 9 level the 30-minute chart has a valid TD 9 count top at this point in time It price to be able to close above 44 1950 it'll negate that pattern the level to really be watching I believe during the day is going to be 44 25 44 25 is a TD 9 count breakdown level on the 60-minute time frame chart if price can close above that that suggests We likely see a further rally rally to where I'm just gonna have to leave as the open rally target that red oscillator and change line And the 45 oh nine level but folks day two We've got great programming during the day Tommy O'Brien with the morning market kickoff He's up next have a wonderful Wednesday folks. I'll see you tomorrow morning at about 806 sharp. Take care