 news update coming to you live from the shores of sunny delray beach florida this year one p.m. update currently have all the u.s. indices that we track trading to downside dows off two and a half percent seven hundred eighty six points s and p not nearly three percent hundred fourteen three and a percent for the nasdaq one hundred two and a half percent for the rustle that's 45 points three and a quarter percent for the semis 97 points there you've got gold basically flat at 1819 silvers off 14 pennies trade out of 2161 lights recruit off $2 and 27 cents she's trading at 110 13 natural gas off about four cents 30 treasure up one point trained at 139 21 so let's do this here we'll go to our nine panel market update chart but first let's just begin by taking look at what we do have going on if we take a look at the index index ETFs out here if you look at the spies right now volume is 43 million shares that 43 million shares is going against a trading the day of may the 12th that had 125 million shares so what this is is a very light pullback from a volume standpoint inside the s and p 500 a test and rejection that means a close above 395 80 today that would be a bullish message in the case of the queues the volume that is testing same a date with regard to the swing point that would be may 12 121 million shares we're only at 36 million shares again another light volume test now the rejection requires a close above 295 75 in the case of the dow the dow diamonds that swing point volume was 7 million but 6.7 million shares we're 1.6 there so there's not a ton of sellers don't don't be thinking now not there for the liquidation event it's a whole different scenario but from a technical standpoint they're not sellers enough to go ahead and bust out these lows at least now we take a look at these index ETFs out here and the Russell 2000 as he even made his way back to that swing point so that's where we begin in just kind of giving a big overview now we don't have much time here to take look at our market update chart from an ES mini standpoint you could get price pullback to support it might be a nice night be a might be a nice trade if you get down to 3899 level don't know that that will happen it has that possibility of occurring because the spot politics is still above its 50 days now above its 50 day exponential moving average 2717 naturally the fly in the financial ointment for the s&p 500 the nasdaq the nq maybe it's pulling back to support that's an 11 875 but just know this folks the pullback today even though the numbers are large not a ton of sellers out there at least not as a 102 in the afternoon stay tuned for the trader zed show but if you have to start your wednesday please have a wonderful one and we'll look forward to seeing you again soon