 news update. Good morning folks. Steve Rhodes coming to you live from the shores of very sunny and pleasant Delray Beach, Florida. This year, 9 a.m. update and currently have U.S. equity futures trading the downside. Dow futures are off 240 points. That's about seven tenths of a percent. The Nasdaq is off 70 points about six tenths. The S&P eight tenths around 32 points. The E-mini rustles off 15 points about seven tenths there. Spot politics to trade above its 50-day expense moving average. That is always troublesome out there. Gold's off five bucks. Silver's down 33 cents. Light's recruited up four bucks. Trading out a $1.1914. Natural gas down 20 cents. Trading out an $8.52 and a 30-year treasury. She's trading out at $138.30. That is down two full points as we speak right now. That is the September contract. So if you take a look at Friday's action out here, bullish as can be as price took out prior swing points. These are the daily time frames for the Dow. Each of these have confirmed buy patterns out here. That means confirmed Gertley buy patterns or buy the D-point patterns. There's a wave seven pattern inside the Russell out there. So everything's got bottoms and price has taken out prior swing points out there. So everything looks mighty bullish. However, the fly in the financial ointment is going to be that spot volatility. So if we go take a look at it, the spot volatility right now is trading just slightly above its 50-day expense moving average. That's at $27.47. $27.95 is the print. If the spot volatility closes above that 50-day expense moving average today and then again tomorrow, you need two consecutive days. But if it just closes above it today, that's going to suggest lower price. And we'd go take a look at areas of support out here. Well, those areas of support, we gave those to you really during the Traders Ed Show that we just came off of. And that was really coming from the two-hour timeframe charts. Each of them have TD-9 count bottoms. So folks, if price closes below those lows, $41.21.50 in the ES, that's going to suggest a move to $40.51. The NQ, a close blow $12.615, is going to suggest a move to $12.244. And the Dow, a close blow $32.894, $32.564 becomes the number. The Russell 2000 target would be $18.3570. That's if there's a close blow $18.69. Now, if we go back real quickly here, really, the market should pull back. And if they don't pull back, boy, that tells you about strong moves out there. What do you mean they should pull back, Stevie? If you take a look at this advance decline oscillator rating for the New York Stock Exchange up at $337.56 as of Friday's close, folks, that is really overbought. But markets can't get even further overbought. Stay tuned for Tommy O'Brien. Now, see