 Good morning folks Steve Rhodes coming to you live from the shores of a pleasant very pleasant Delray Beach, Florida This is your 11 a.m. Update and we've got a mixed bag out there the mix goes like this You got the doubt of 202 points that percent a quarter percent for the S&P or 12 points. The Anastasic is flat It's off two points the Russell's up six points the Summars are down 12 points That's about a three tenths percent move to the downside golds up 10 bucks sovers up three pennies likes we crudas up 57 cents national goss up eight cents a 30-year bond down one point and four ticks She's pronounced at 123 even Steven. Let's try to figure out what all that means by looking at that nine panel Market update chart we begin the upper left-hand corner got the ES mini what do we have going on? We had four consecutive closes to the downside. We're gonna get a one or two day bounce out of this We take a look at the spot ball till next the two-day bounce is more likely if we see a close below the 50-day Exponence moving average the 50 days at 1388 prices trading at 1388 So it's kind of thinking about it. Does it want to add fuel for the bulls or does want to disappoint them? Well, watch that spot ball till next the end cube also They be having a one or two-day reprieve out here after four consecutive days to the downside the US dollar Beautiful rally right up into resistance got a love having these profiles out there one or two 26 is a key resistance level price closed Above that that suggests a further rally with its most recent highs being the price target That's up in the 103 87 level Goldilocks just like the dollar held resistance Gold held support the bottom of its profile. That's a 2041 sober It's taking his bees and queues from the dollar and gold out there no bottoming pattern priced below Profiles, but it has not taken out its most recent swing point that is trading into from December 13 Watch that low at 2278 like three crew just a good old-fashioned consolidation between profile levels Although price has never made it up to resistance, which at the 77 55 level would support a cell 74 team in the case of natural gas beautiful rally and it ran right up into resistance That's a teeny nine count breakdown level now We do know that we were anticipating natural gas to form some type of significant bottom around the February Time frame it's very possible that that's already unfolded and what you'd be looking at doing is buying some type of retracement here Finally the 30-year Treasury out there just consolidating with inside his profiles is testing its bullish structured Profile support area that is between the range of 122 15 and 120 302 Folks stay tuned for the Trader Z Joe, but if you're off to start your Thursday have a terrific one We look forward to speaking with you again soon. Thanks much for joining us and have a great day