 Good morning folks Steve Rhodes coming to you live from the shores of sunny and very pleasant Delray Beach for this year 11 a.m. update and currently got all the U. S. Indices that we track trading to the upside dows up to 94 S&P 35 Nasdaq one hundred one thirty nine Russell's up twenty two semi thirty seven trend is up seventy one. Smallest percentage of the trend is up half percent largest percentage one to three tenth percent that's for the Russell. You've got gold trading down thirteen bucks. Silver's off sixteen pennies like to recruit off about fifty five natural gas is up two cents in a three year treasury pretty out of one on nine sixteen that's off a half a point. Let's go figure out what all that means by looking at that nine panel. Market update chart we begin by taking a look at the E. S. many upper left hand side so we know that it's by the D. point pattern was tested and rejected yesterday it held and now you've got a new profile that is forming out here. This new profile will not be confirmed until this evening but that profile is above price that's a bearish message as it tells us there is overhead supply. Nonetheless off from a profile standpoint on this rally on this bounce the first target would be forty eight three eighteen. That's the bottom of that new profile spot ball to this is trading below yesterday's low so perhaps is telling us wants to go target that fifty day expense will be never did seventeen eight if in fact that's what is in fact if that is what its mission is we should see higher equity markets the case the N. Q. it still retains its TD nine cow bottom now it has a new profile it shifted a couple of times I expect these will continue to shift during the day but at present time you've got support of fourteen six eighty four and resistance at fourteen nine forty U. S. dollar index close blow the bottom of its daily profile yesterday triggering a change in trend signal however as you know we need to consecutive closes below support to confirm that we don't have that as we speak right now prices back inside its daily profile may be targeting the top of that profile at one oh six forty two we take a look at gold which has a TD nine count top it won't enjoy a higher U. S. dollar but it's behaving rather well it too is forming a new profile attempting to it is a bearish structured profile and that says if we see a close blow nineteen eighty three seventy and in fact this profile takes hold at days in we should see a rundown in nineteen ninety nineteen nineteen eighty the case is silver doesn't have a top but it is trading with inside a new profile it's also trying to form it has resistance at twenty three thirty and support down at twenty six fifty three like to recruit is pulling back into its support structured by zone that by zone is between eighty one forty three eighty three eighty eight new profile in natural gas as well support down there three twenty five resistance three thirty eight folks they do for the trader's edge open if you're off to start your Tuesday please have a terrific one thanks for joining us we'll look forward to speaking with you again soon take care now