 This is TFNN the tiger financial news network Good morning folks, this is Steve Rhodes coming to you live from the shores of very sunny Delray Beach Florida this year 9 a.m. Update and currently have all the US equity futures traded the upside I guess it would be good if I get over to that screen. So let's do that here Give me a second. So you've got the US equity futures trading up Dow futures up to 25 Nasdaq 146 Russell is up 19 the yes many trading up 36 75. She's trading out of 39 34 Over an Asia last night yet a sea of green Shanghai up 51 one and six tenths percent Nikkei one and three tenths Three hundred thirty six and nearly three percent for the hang saying that was nearly 600 points the upside in Australia The Australian 200 finish up 81 points That's over 1% in Germany the Dax up one and seven tenths the footsies up one and seven tenths as well odds Favor a higher close today in the US market just simply based on overseas trading Gold is off 90 cents right now trade at 1840 Silver's off eight pennies trade at 2182 You got lights we crude trading out at 109 40 or so one down on 57 It changes off about 30 pennies 30 or Treasury is up 18 ticks trade now at 140 105 So I'd say for the day What's the most important thing to look at and it's really last week last week the ES mini Generated the first Gartley by pattern on a weekly base since the March 2009 lows. I know that sounds unreal But really that is a true statement the first Gartley by pattern since the 2009 lows now Should it does it this is gonna guess does that guarantee that it's gonna hold no But what it makes it makes last week's hammer candle low Let me give that number to you that's down to 3855 level the real key area price close Below that today. Well, then price will go target 3752 that's next breakout level But it would be bad news inside the NQ you had a hammer candle last week as well Completing a very close to completing a buy the D point I believe so that says for the NQ which has been weak that low Which is by the way 11 689 is the key area if price were to close below that we're looking at 109 12 Now equity future contract didn't generate any kind of a bottoming signal there and really its message from a weekly standpoint Is it wants to head to lower price? But not necessarily today? The Russell 2000 formed a hammer candle as well last week So any closer below last week's lows would spell curtains for the US equity futures But I don't think that's what we're gonna see today We'll come back and take a look at that next week folks day two Tavio brides up next with the morning market fall. You have a fantastic weekend