 news update. Welcome folks we have the Dow industrials right now trading down at three thirty seven you get the Nasdaq off three thirteen S&P's are off fifty seven and bottom line folks is that we'll see how this baby shakes out might take on this is that the first leg down in this market is done though specifically meaning if we go take a look at that let's take a look at the weakest indices so the weakest indices the NDX one hundred we take a yet the price projection on the Q's is three fifty two the ABC down we hit three fifty your swing point out here is three fifty two oh four right now you're at three fifty two fifty I expect you're gonna get a bounce coming into this clothes and we'll see how this baby shakes out but bottom line as I said I think the first leg down you're gonna get some kind of a bounce but we're going lower man that's the bottom line I like how this is trying to bounce because what ends up happening when you go all the day long is it specifically all day long we've been trying to do it enough frustration builds up in the marketplace that folks think okay we're going to go lower right now there's not enough sellers to go lower right now folks we're down four days in a row we take a look at this if you take a look at the spy the benchmark and the spy was four thirty one we made four twenty one rather we made four twenty six it rejected that lower price you're going to have lighter volume out here so I suspect we're going to get some kind of a bounce we take a look at the gold contract gold contract wants higher price bottom line we're at up 840 right now 1766 is the number top of the range out here which I expect we're going to go to we broke the down trend last Thursday is that we're going to run into this 1836 area and good old king dollar now this is going to be the number man if king dollar actually fails meaning you have a false break top side this is going to be a monster man because this is a nice break top side and the number you got to keep your eye on and king dollar is going to be 93 437 we're at 93 776 so it's still over that high you know we get up there but you get if you get back inside that baby that puts 89 550 on tune that's the lower end of the consolidation we get over that because the bond market the TLT I mean the 10-year note we have with the 10-year note once higher price setting up nice we'll see what happens we get to ice okay 137 27 133 27 132 27 as we start hitting some resistance inside the 10-year stay right there folks come right back