 T F N N headline news update. Good morning folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This year 11 am update. We've got a bit of sea of red out there. You've got the all the U.S. indices that is the dow is up 250 points about the three tenths percent three quarters of a percent that is S and P is down nine tenths 37 points a little over 1% for the Nasdaq 100 134 points there. The Russell's down 27 one and a half. Some ice leading the charge excuse me they're down two and a half percent or 67 points. Spot bulletin is still below its 50 day expense moving average. Gold is trading up 12 bucks at 1919. Silver's up 9 cents at 23 74 lights recruit up 47 pennies. Natural gas basically flat out there with 30 or Treasury down 12 ticks. Trade out 131 22. What's all that mean? Jelly bean. We'll begin by taking a nine panel market update chart. Yesterday we saw some new profiles that were tending to form they did in fact take hold overnight. We know resistance stands at 40 35 and support at 38 83 more like the nut price will go target 38 83. At the same time the as many as doing that we should see the spot volatility spot volatility index go target its 50 day expense moving average that's at 22 18. The NQ also forming a new profile bearish in structure the as many as bullish in structure. Here you've got the center in the NQ closer to the top than to the bottom of its profile. In price today close below 11456 odds favor a run back to the 11 053 area. Of course we need to see where that oscillator and change line is for the daily time frame inside the NQ that's some people look at during the Trader's Edge show US dollar index just trading sideways above the bottom of its profile one oh one eighty six. Gold is trading above the top of a new daily profile that has formed that resistance levels 19 1250 silver still struggling to take out its rogment to Mindicator topic 24 52 new profile is formed here as well 2347 is support that's been tested in so far rejected speaking of new profiles well I think crude will not be left out of that conversation the bottom of which is 77 34 and the top at 81 77 we can see we take a look at the 30 year treasure items are natural gas contract I've switched that to the weekly it's got the daily profiles the reason and prices trading below daily weekly monthly quarterly profiles out there I just have the daily that are on here so what the natural gas contract needs the bullish reversal candidate confirmed some type of bottom and the 30 year Treasury if it closes above 13215 that will trigger on a to B equals CDT upside but right now resistance is held max level watch 13215 folks stay tuned for the Trader's Edge show but if you have to start your Thursday please have a terrific one and we look forward to speaking with you again soon take care now