 The Tiger, Financial News Network. Good morning, folks, this is Steve Rhodes coming to you live from the shores of Delray Beach, Florida. And this is your 9 AM update. Currently, we have all the US equity futures trading lower, the Dow down by 96, the Nasdaq's off 122, the ES mini down 21 points, and the Russell down 8. You've got gold, which is basically flat right now, trading at 1841. Silver's off 10 cents. You've got Lightsweed crude trading out at 85.17. That's off 40 cents. And the 30-year treasury up 1.4 ticks, trading out at 155.19. Now, what does all this mean out here? Well, let's go take a look at our 9-panel market update chart. We begin by taking a look at the ES mini. You'll see an A to B equal CD to the downside. It has achieved the 1.272 expansion level. The next price target to the downside would be the 1.618 area, and that's at 43.58. Now, because you've got A to B equal CD patterns to the downside that have at least completed or at least gotten to that first level, any bullish reversal candle that would deform would generate a buy the D point and suggest a rally. And that rally would take us to the oscillator and change lines. I don't have those shown on this set of charts. You've got the spot volatilics, well above its 50-day expansion moving average. That's always a bearish directional signal for the S&P 500. The NQ, I've shown you there's a couple of different A to B equal CD down patterns out here. This one would say that price needs to go hit the 14.502 area before it would confirm or generate the first price target out there. But nonetheless, if there were to be a bullish reversal candle today, that would signal at least a buy the D point. Now, what's really important to take a look at both those charts, and I apologize that on the NQs, the monthly lines are yellow and on the ES mini, the monthly, or the weekly charts I should say are green out there. But here's the deal, price is trading below the weekly profiles. And those are changing trend signals. So if we do get closing below those this week, meaning the end of the day out here, that's not going to be a good signal for the equity markets. With regard to the US dollar index, it's got a nice bottoming pattern in here as long as price holds at the top of its daily profile, which said 95.50, price should continue to move higher out here. Gold has got an A to B equal CD upside to the 18.61 level and as long as price remains above 18.33, that's a likely outcome. The next price target for silver is 25.29. Light sweet crude has got support at 83.20, resistance at 87.10, natural gas sitting right at support. That's the bottom of its daily profile out there. That's at $3.66 out there. Folks, stay tuned. Tommy O'Brien is up next. Have a fantastic Friday. I'll look forward to seeing you again on Monday morning. Take care.