 Good morning folks Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida is your Lebanon update and we've got a mixed bag out there the mix goes like this it dows off eight points Russell's down nine points some eyes around 33 trannies down 140 S&P's up nine NASDAQ 100 up 39 NASDAQ composites up 47 you've got gold trade now to 20 71 that's up three and a half bucks while Silver's down four pennies trade at 2312 likes we crude up 40 cents 7626 is the print their natural gas off two cents the 30 or Treasury two points and three ticks to the upside 124 14 let's figure out what all that means by looking at that nine panel market update chart ES mini upper left hand corner what do we know we know we've got a roadsman to mitigate our top that formed yesterday we know that price closed below the bottom of its daily profile the bottom that profiles 4884 that level has been tested in fact price got up to a height today 4899 4902 was the center of its bear structured profile as calculated by my black background chart that says the counter trend rally could or should be over with and price likely to head lower targeting the 4702 level we take a look at the spot politics it's trading above its 50 day exponential moving average that is always always not always but generally speaking it provides an edge for sellers out there we take a look at the end queue also closing below at first it's got a rosement to mitigate our top price closes below the bottom of its bullish structure daily profile yesterday a second close today below that that being 17351 confirms a profile change in trend price target 16334 US dollar index trading a bit higher out there it's really been somewhat sideways to hire over about the last two weeks out here goal the locks is taking the opportunity to just consolidate with inside its daily profile to support at 2048 60 resistance at 2076 90 silver doing the same thing support at 2314 resistance at 2305 lights we crude as a TD 9 count top price is likely going to go target support support for it is down at the 7323 to 7391 level I kind of hesitate a little bit on that because we may have also seen the C point of an A to B equals CD to the upside we'll take a look at that during the trader's ed show natural gas we're going to look at that for LB during the trader's ed show he like many others are looking for an entry point so we'll cover that what we do know is prices below profile support there so that is not good if you take a look at 30 year treasury right now price is trading above the top of that daily profile that's a 12315 price is going to go target that TD 9 count top at 125 28 folks stay tuned for the trader's ed show but if you have to start your Thursday have a terrific one thanks for joining us and we look forward to speaking with you again soon take care now