 and we will be right back. Welcome folks this year 2 p.m. update I'm Steve Rhodes coming to you live from sunny Delray Beach Florida. Currently we've got all the indices are in the red. Nothing substantial other than the semiconductor index. The socks out there which is off a little over 1%. But you've got the Dow down 23 points less than one tenth of a percent. The S&P is down 14 tenths of a percent. The S&P is down 21. Russell let's go take a look at let me turn my screen on for you so you can take a look at that and you'll see the market spot volatility next some to be watching still below its 50 day exponential moving average I believe that's around 14 and change maybe 14 13 14 somewhere in that range right now it's straight out of 13 29 so it needs about another buck let's say to the upside you've got gold off nine bucks a 30 year treasuries are down 23 30 seconds about a half a percent out there that's around 19 so let's take a look at what's going on inside the indices out here and what you should be paying attention I'll start with the Dow and then we'll flip over into the futures contract so we take a look at the Dow here's what we know about it it's got a completed A to B equal CD pattern it did about a 1 to 1.272 if you're watching us on Tiger TV you'll see that pattern was confirmed with a bearish engulfing candle that was also a TD set up nine count top so the Dow has got two different topping signals out here the cash indices looks like it is targeting 27 407 prices trading below Stevie's green line out there suggest a further pullback but before we go there what we do is we go take a look at the equity futures contracts because they can't provide us with information that the cash indices don't and we take a look at this here's what you're going to see you're going to see a new daily profile actually got got traction and took hold yesterday well this morning I should say the top of the box is 27 864 the top of the box is 27 535 we're trading at 27 770 if I would ask you the question where is it that you would sell based upon those topping patterns that we just looked at where would you sell at resistance or support and you would say resistance what was that resistance number against evil 27 864 your 27 770 right now but look we've got more when I say we have more we have new profiles for the ES mini for the NQ for the Russell 2000 the key levels there are the bottoms of which are 30 80 80 to 23 and the Russell's trading right on it right now with the 15 84 level a folks stay tuned David whites up next have a terrific Thursday tune in tomorrow one o'clock for me on my live show or catch one of the archives take care