 headline news update good afternoon folks this is Steve Rhodes coming to you live from the shores of very sunny Delray Beach Florida this is your 1 p.m. update and currently we got all the U.S. and he's trading to the downside the S&P is off 77 points that's about one and seven tenths percent percentage wise about the same for the Dow down 627 NASDAQ's off 270 all about the same percentage points Russell's off two and a half some eyes are down two and a quarter percent trend is rough nearly 3% out here that spot ball of children it's up by over 20% straight out of 2770 a watch that one day rate of change above plus 10% suggest a bounce or bottom come tomorrow or overnight if we take a look at gold it's off $9 trading at 1773 Silver's down a nickel trade at 2274 let's go take look our nine panel market update charts we begin by look at the ES mini which is trading below the bottom of that daily profile out there I wish I had something to tell you where it's like we had it to I'm going to do that here momentarily be off screen so the next level of support for it is at 45 4375 that is the breakout level that's the TD 9 breakout love for the ES mini the spot follow tonics is above its 50 day expense moving average as long as that is the condition then certainly price go target that 45 43 level if you take a look at the NQ that's going to be the big stinker here because the markets now the markets can move lower with the NQ moving higher with the NQ has done today is pulled back and tested support it sets the support level for the last three trading sessions the support areas between 16 055 and 16 134 this is a bullish structured profile so the thought of the markets just continuing to careem to the downside I'd say yes if the NQ close below that 16 055 level so that's the area you want to watch US dollar index it has found support at the bottom of its daily profile that's at 95 66 it's moved off of that that said gold perhaps just a tad lower now gold may be targeting the bottom of its weekly profile that's at 17 61 while silver just hovers at the center of its weekly level that's at 22 88 light street crude wants to continue to move lower the best approximation for where it's headed to is between 59 27 and 61 75 that is its bullish structured monthly set of profiles out there natural gas it's got an a to b equal cd to the downside it took out the first one that was the one to one level pricing move sideways and consolidated inside its bullish structured profile but now it's blowing the 30 year treasury right up at resistance that little descending trend line folks stay tuned for the trader Zed show but if you're off to start your Tuesday have a terrific one and we'll look forward to seeing you get some take care