 headline news update. Good afternoon folks. This is Steve Rhodes coming to you from the shores of Delray Beach, Florida. This is your 1 p.m. update and currently we got that mixed bag out here. It's just the Dow that's up two points and the training is up 31. Otherwise, all the other U.S. indices trading to the downside. The S&P's off nine and Nasdaq one hundred one twelve. That's about seven tenths percent. Russell's off eight tenths or seventeen points. Semi's down six tenths. That's 24 points. The downside golds off six bucks. Silver down thirty seven cents likes we crude trade now to seventy sixty two. That's down eleven pennies. Let's go take a look at our nine panel market update chart as we begin. We look at the ES mini in the ups. That's not the nine panel chart. Here's a nine panel chart. There we go. The upper left hand corner. So yesterday we had the ES mini. We had the spies. You go check. Check this out in your spy chart. Pull back and test the swing point from the trading session of December third. That swing point. Had as the test was occurring yesterday. It was on much lighter volume. So we have a test rejection of a swing point. Tom Fraser. If you can't bust them to the downside, you should try to bust them to the upside. So that's the message that we have right now. I bust them to the upside, though, isn't exactly like it's a day in paradise because the upside is a swing point from November twenty second. The low of that swing point is forty six sixty six. The top is forty seven thirty three. Now. So you've got a rejection inside the spy inside the ES mini. Yet you have that spot ball tonic. That's well above its fifty day experience moving average. So that doesn't mean that we can't see a big flush to the downside. That flush to the downside would likely take us to the forty four ninety six level. But what we know right now from a sellers and a volume standpoint, we've got a key rejection of a key swing point as we speak. Given that one oh one, we've got the Fed Powell coming out at about an hour's time. You've got the end to point back to support. That is the bottom of its daily profile. Take a look at the U.S. dollar index still consolidating inside its daily profile, but above the center level that could suggest a move up to the ninety six ninety one level. Gold moving lower, but still takes testing the bottom of its weekly profile. Seventeen sixty one is the number, the actual low today, seventeen sixty four. Now silver do a whole different thing. It is trading below the bottom of its weekly profile course, the weekly profile. This is only Wednesday. So the question is, where does it end the week? Twenty one eighty two is the level to be watching. That is the bottom of that weekly profile. The swing point is going after September twenty nine. The low there is twenty one forty seven. The low so far today has been twenty one forty seven. How about that? So you're right back in an area of support. Folks, stay tuned for the trader's end show. We'll review the light, sweet, crude natural gas and anything that you'd like. All you have to do is give us a call at seven seventy seven nine two seven six six eight. Have a wonderful Wednesday, folks.