 tiger financial news network news update good morning folks Steve Rhodes coming to you live from the shores of sunny delray beach florida this year 11am update and they have all the us indices that we track trading to the downside dowes down 302 points about nine tenths percent seven tenths rate tenths for the s&p 33 points there seven tenths for the nasdaq 100 112 points the russells down nine tenths or 16 points some eyes are on 51 bucks they're off one and four tenths percent so there's a big mover to the downside gold's off 25 bucks that's down one and a quarter percent silver up nearly four percent that's 92 pennies trade out of 2319 lights recruit us up as off a dollar 48 natural gas back 10 cents starting treasury pretty out of 120 eight oh seven let's try to figure out what all that means by looking at that nine panel market update chart we begin the upper left hand corner you've got the es mini now the es mini is attempting to form a new taz market profile the resistance level right these numbers down in your pad of paper 44 75 is the resistance area it's a bearish structured profile the center's at 44 18 and really a key level to be watching a price were to close below 44 18 today not 44 17 you kind of know what i mean well then that would suggest that price will push its way down to the bottom of that new profile and that's at 43 62 spot ball attendance had been rising over the last couple days but it's still well below its 50 day exponential moving average that gives a little bit of an edge to the buyers the nq also attempting to form a new profile as well these are numbers you want to have on your pad of paper why because on this retracement or pullback that we've got if this is more than a pullback we will see price close below the bottom of this profile now this profile will not be confirmed until this evening but we'll be able to confirm that tomorrow during the show but 14950 is the level to be watching on a move to the downside this is also a bearish structured profile resistance at 15370 the center at 15265 that's the key level to be watching at today's close us dollar index also former in a new profile or attempting to it's already trading above the top of that profile so i don't know if we'll take hold but 102 28 is the number you close above that in essence of that profile takes hold suggest a further move higher now goldilocks is testing the swing point area that it generated a couple of days ago i don't have the volume on this at this date year prices trading below the bottom of its profile it has been tested over the last couple weeks numerous times it is always held by day's end so watch 1955 30 if we get a close below that that may be signaling something else to us in the case of silver big pullback today it should find support at 2292 lights we crew consolidate with inside its daily profile as is natural gas and a 30-year treasury likely going to go target the highs from june the first up 129 16 folks stay tuned for the traders edge show but if you're up to