 news update. Good morning folks, Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This year 11 a.m. update and currently have a sea of red out there. All the U.S. indices trading the downside. All the sectors with inside the S&P 500 doing the same. You got the Dow down 137 points. The S&P 14 NASDAQ 153. Russell's down six. Semis are off 21. Gold is off seven bucks. Silver's off a nickel. Lights recruit back 11 cents. Natural gas is off a nickel. And the 30 Treasury printed out 134. 13 that is up 11 ticks. Let's try to figure out what all that means by taking a nine panel market update chart. We've got a confirmed sell the D point pattern. This is in the S many that confirmed two days ago when we had that bearish and golfing key reversal bar out there. Now we've got a new profile yesterday. We had one that was attempting to form now it's solid support 40 76 resistance 40 71. I would expect to anticipate that the S many will make its way down to that 40 76 level. However, maybe it don't. Maybe it won't. Why? Because the spot ball to it's still below its 50 day expense moving average. The spot is at 20 93. I'm sorry. The 50 days at 20 93 the spot ball to next at 19 34. You still got that a to b equal CDT upside inside the end queue that pattern is still in place. But there is new profile that did form yesterday. A price close below 13 0 62. We could see a move down to the 12 705 level. US dollar index confirmed a by the D point pattern yesterday created that bullish dark cloud cover. Yeah, I'll even know you don't see the a to b equal CD drawn there. It's there and it has a new profile. Now this new profile attempting to form a support of 101 25 resistance 102 58. Odds would favor close above 101 75. Would I go ahead and suggest that the US dollar next will go tackle that 102 58 level. Goldilocks has made it be equal CDT upside. It's got a couple of them and it's got a new profile is attempting to form that is below price. That is a bullish signal. Silver which completed a TD nine count top yesterday is also trying to form a new profile. Again, we won't get confirmation of this now until Monday, Sunday. Actually, but right now the message is that's so we're really neutral here. You got to be got a top in silver price above a new profile. It's attempting to form out there. We're going to go with the neutral call likes recruiters got a TD nine count top. It just led to sideways will but also a new profile attempting to form which is below price. Again, another bullish signal out there and that natural gas contract it needs to close above 21 90. We want that. Otherwise, natural gas is subject to fail. Folks, they do for the trader said show. But if I have to start your Thursday, please have a terrific one. Remember tomorrow's a holiday. We'll be back with you on Monday. Take care, folks.