 news update trading up 27 Nasdaq is down to 15 S&P's are off 21 gold gold contract down $8.70 trading at 1776 an ounce we have silver off 43 cents $21.95 an ounce light sweet crew down to buck 75 $70.61 a barrel notes and bonds the 10-year note up 6 6 trading 1 30 13 the 30 year up 16 at 161 10 and King dollar King dollars up 357 ticks trading out at 96 250 euro at 112 yen at 113 and a half the British pound is at 132 to 1 US dollar we get up and we take a look at the spy this is going to get really wild tomorrow morning folks because what you have here is this so we get the inflation numbers coming out tomorrow morning you know bottom line we just think fundamentally that inflation numbers got to be big right well the way this market is set up this market wants higher price you know you're pulling back today look at this you know yet now granted we're talking about the volume yesterday you're going higher yesterday with light volume right you're coming down with even lighter volume so the bottom line is that that's saying is that guess what the high is going to be tested again which is that 473 inside the spy you know yesterday you had a contraction of volume you get over the high not that you get over the high from the prior day with 72 million we're 38 so we're going to do like 54 or something so you're going to back down with light volume pretty wild and the x100 that this a little bit tricky the end the x and this is why you're still backing down but you got to a higher high my take on this same setup meaning that you're backing down with light volume yesterday we made up we made 30 39 million at the high you get 36 right now so you're still coming into like 56 so this is still a back down with light volume so my take is that you're going to get into the bar now the end the x100 certainly doesn't have to go to the top of the bar I think the S&P is going to go to the top maybe you'll break the top the cues I suspect it's going to be this 400 area that at 4 it was 399 19 to be exact that's where the failure comes but the back down on light volume today is telling me man you know this thing's not done yet the thing that's wild is what I just said is that the inflation numbers come out tomorrow so okay so is it going to say this the inflation is not raging as much as we think it is we're going to find out real quick folks stay right there folks come right back down 15 Aztec down 195 S&P's up 16 down 16 and a half come right back