 T. F. N. N. headline news update. Good morning folks. Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This year 11 a.m. update and we've got a sea of red out there. All the U. S. Indices that we track trading to the downside dows down 102 S. N. P. Up 21 NASDAQ 100 points 62. That's about a little over 1% Russell's off eight semis down 64 nearly 2% of a move there down. Gold is up a buck. Silver's down 10 cents. Lights recruit off 30 pennies traded 78 59 natural gas up 7 cents 30 Treasury down four ticks trade out at 120 03. Let's try to figure out what all that means by looking at that nine panel. Market update chart upper left hand corner. You've got the E. S. Mini. What do we know about it? Well, what we know about it is it has held the bottom of its weekly profile did that last week price yesterday tried to get up inside its new profile. It's got a kind of a sideways move out here. If we take a look at the spot ball of Tildex, what's really going on? Why is the E. S. Mini trading lower? Well, because what we had today is we had the spot ball to test and reject that 50 day exponential moving average 50 day currently printed 1550. We had a low of 1548. As long as price remains above that spot ball of Tildex, we will likely see markets move lower. What else do we have take place? Well, we had the NQ testing resistance. That was the top of its daily profile. That's at the 15 359 area US dollar index testing a level of resistance as well. That's its TD nine count top in a close today above 103 62. When they gate that signal and suggest higher price. Goldilocks consolidated with inside its daily profile. It's not proven itself from a breakout standpoint. It's just had a nice move as it consolidates with inside its daily profile. That range is from 1918 to 1953. Silver's had a nice move. It's well above profile levels. It's made it to the point six right retracement. Yesterday was day number five of consecutive moves higher. That suggests we get a pullback today and or tomorrow as well. And that could then set up the next buy lights. We crude if we're to close below 78 60, that would trigger an A to B equal CD to the downside. We don't have that just yet, but watch that level. Natural gas got back tested and so far has rejected its swing point from August the second, but a real rejection means it has to close above 269. If it doesn't close above it, it's trades trading inside it, depending on volume. Maybe telling us it wants to go retarget that low of 257 and a 30 year treasure. Yeah, it had a nice TD nine count bottom. That's led to a consolidation with inside its profile. Resistance for it is one 2029. Folks, thanks so much for joining me. Please stay tuned for the Trader Zed show. But if you have to start your Thursday, please have a terrific one and we'll look forward to speaking with you again soon. Take care now.