 Good morning folks, this is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This is your 11 a.m. update and currently have all the US indices trading to the downside. You've got the US Dow, the Dow Jones is off 670 points, about 2%. The lower 2% for the S&P are 86 points, nearly 3% for the Nasdaq 100, 322. The Russell's off about 2% at 35 points to the downside. The Russell's off 30 bucks, Silver is down 73 cents, LightSuite Crude is off 75 pennies, natural gas is up a nickel and a 30 year treasury up one point, trade out $13204. If we go take a look at our nine panel, market update chart, we begin by taking a look at the ESMini. What we can see at the moment this price is trading below the bottom of its daily profile as well as very close to the bottom of its consolidation. Now I would say the consolidation would definitely be broken with a close below $39.4550 or $39.40 right now. Now what that would do, and we'll take a look at that, during the Treader's Ed Show is set up a measured move, a consolidation breakdown measured move. Now the interesting thing about suggesting that we're going to at least make a measured move to the downside is the fact the spot follow till the X, it's still well below its 50 day expense moving average. So we've got a divergence here, I'm not sure how to deal with it, $23.98 is a 50 day expense moving average. The end queue, trading below the bottom of its daily profile and as well I would say a close here below $11.535.50 would go ahead and create a consolidation breakdown as well. Now the U.S. Dollar Index, you don't see it on this chart but there's a rogment to indicator signal. You can certainly visualize the A to B equal CD pattern. We most certainly at this stage at 11.01 in the morning we've got a bullish engulfing candle, we've got a key reversal candle. Now prices dealing with here is resistance, which is the bottom of the profile. So prices able to close with $104.23, we likely have a signal from the dollar of a bottom. Well, that should continue to put pressure on the U.S. equities, it should put pressure on gold and silver. Gold's trading lower, it's trading back with its daily profile, its next outside target if it closed below $17.7560 would be in the $17.34 to $17.56 range. Silver's got a new profile, it's attempting to form its level of support from a daily perspective is $22.63, like to be accrued, even though we've got an A to B equal CD pattern drawn in here, prices trading above the top of its daily profile, even though it's pulling back, that's still a bullish message. Hey folks, stay tuned for the Trader's Edge Show but if you often start during Thursday, please have a terrific one and we'll look forward to seeing you again soon. Take care.