 headline news update welcome back folks are down down industrial finished down eight NASDAQ was off 74 S&Ps down nine go contract down $2.30 cents traded at 1756 and ounce we had silver flat $22.65 an ounce light sweet crude up a buck 24 trading out $79.54 a barrel notes and bonds the 10-year note down 8 ticks trading 130 104 the 30 year off 22 at 157 24 and $1.00 $1.00 down 106 ticks trading 94 111 Euro 115 yen 112 a quarter in the British Pound 136 to 1 US dollar we get open we take a look at the S&Ps what you have when taking at this looking at this S&Ps okay so that didn't hold price either you know the bottom line is that we had that was holding price this thing this very well could be an ABC structure in the way down also now the S&P that the correlation here inside the spy the spy did have lighter volume that being said you didn't hold price I suspect you're gonna go right after that swing low for Monday that swing lows 426 and the X100 flat out looks like a very large ABC structure in the way down you have the expansion of volume you didn't hold price you're at 30 361 the low B point there is 350 I expect we're gonna go after it and it's a large ABC structure down approximately 140 at 141 341 but that's then that's another 20 points down the S&P gold gold contract didn't hold price that being said you get an ABC structure in the way up you took out the B point took it out with volume it's gonna be a complex ABC and what the complex ABC means is this folks is that you get over the B point excuse me folks you do it with volume in this case we did a big time 236,000 contracts taken out 166 as you pull back now this is where you can get the confirmed ABC structure in the way back if you pull back and I suspect we allow Monday and it has lighter volume that's that that's telling you it's an ABC structure on the way up number one and it's a complex one and I suspect you know the bottom of this range that we've been in is 745 wouldn't like you get the 745 on Monday and Monday is a bank holiday folks but the markets are open so it'd be light volume pull back with light volume a go for it again bottom line the ABC structure is 1795 that being said this contract wants to run to 1836 have a great weekend folks have a safe weekend come back and visit Tommy Monday morning kicks us off 9 o'clock great show BAM! Look at him folks