 T F N N headline news update Good afternoon folks. Steve Rhodes coming to you live from the shores. What looks like a rainy Delray Beach, Florida This is your 2 p.m. Update and currently we have most of the US indices traded the upside The only one that is not is the Dow transports the dows up 103 the S&P 30 Nasdaq 100 one and a quarter percent. That's 200 points Russell up 21 That's 1% some eyes one and seven tenths percent 64 points to the upside Gold's up $21 silver 34 cents likes we crude up 281. She's trade out at 8104 the spot politics Well, not well, but it is below its 50 day exponential moving average That puts the wind at the sails at the back for the S&P 500 speak into the S&P 500 Let's go switch from this set of charts to go take a look at our daily Indici charts we begin by taking look at the Dow. What did the Dow do yesterday? Well, what the Dow did was all it did was it pulled back to its breakout level its breakout level 35 782 42 to be exact it pulls back to that level of tests and rejects it creates a little hammer candle Suggesting it's trying to hammer out a bottom. We got a hammer candle today as well out there to two hammer candles me It's stronger. No, but it does tell you that if we see a close below This is the cool thing if we see a close below 35 782.42 That probably means something and probably means something pretty significant at this stage here Price likely is going to go target that oscillator and change line currently printed 36 334 That would be the next area where the logical place to put on a short would be and if price closes above that Then that says that the dow should go back and retest and steady nine count high the S&P 500 It also pulled back didn't get all the way back to its breakout level of support at 45 51 Also generated a hammer candle out there. So again trying to hammer out a bottom price likely to go target It's oscillator and change line currently printed at 47 39 the NASDAQ 100 also testing its breakout level of support 15 5 76 68 we haven't seen a close below that level That is a key area if we do see a close below that that could be a problem out there Otherwise, we should see price go target 16 0 33 the Russell 2000 She's making her way up to that red oscillator and change line That's but not much higher than we're printing right now That is currently printed at 21 99 the semis out here likely targeting 39 43 The dow transports even though they're trading lower out there more likely than not they're going to go target 16 to 9 And uh folks stay tuned your favorite polar bear david white is up next have a terrific tuesday I'll see on wonderful wednesday be safe out there. We'll see you again soon