 And welcome to the 2pm update with me David White here at TFNN. Right now we've got well 3988 90s elastic I show on the S&P so we're darn near 90 points lower than we were at the high yesterday and we've been talking about this pattern I like a lot called it Joe DiNapoli called it the double repo pattern even he doesn't probably speak about it as much as I do mostly it was developed for use in the commodities market but I like it for the equities market because when it does work it does signal a fairly large move and not just a fluctuation a little shaken a little rock and roll it generally means you're gonna have a nice trend for a while of course the big news of the day and the reason that we are lower and many other things as Powell did say we're gonna say two words higher longer longer higher don't know which which order he put them in but I think you get the the gist of it as far as options options have been pointing to after he got done talking still around 398 for minor support 395 is a little bit better my guess is that we're gonna see 395 since he's going to be talking again tomorrow and unless he decides to change his tune a bit I suspect that he's going to have a little bit more to say on longer and higher or higher and longer whichever to you actually like but certainly we've got a little bit of that to do we're gonna have to get that break that's about it anyway volume so far today is not huge but stronger than yesterday we'll see whether or not we get even more volume you back in a minute the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest