 tiger financial news network update roads coming july from the shores of sunny but cool and brisk delray beach florida this is your nine a.m. update currently have all the us in dc at us in index futures trading lower the dow is off 287 points it's a 10th percent nine tenths for the nasdaq that's done 139 the s and p eight now about eight tenths nine tenths 39 points the russell is off a little over one percent that's 23 points to the downside gold's up four bucks silver's down 12 pennies lights recruiters up 12 cents the 30 year treasury is flat train out at 156 16 so what all these numbers mean out here well let's go take a look at our nine panel market update chart we begin by taking a look at the s many what we know is the s many is trading below the bottom of its daily profile and that could target that could send a target a signal to you and i that price is making its way back to the bottom of its weekly profile that's at 45 49 if we take a look at the spot volatilics it's still it's well above its 50 day expense moving average that is at 1954 it's trading at 21 87 the signal here is that maybe it's going to go target 2375 that's the top of its 50 to 1 boulder japan regardless if the 50 day is as these if the spot volatilics remains of its 50 day that always puts pressure on the s many in the s and p 500 the nasdaq is trading below the bottom of its daily profile but right back at a support level which is the top of its weekly profile that's at 15303 the real support here is 15104 if the nq were to close below 15104 today well one that would suggest to move down to 14804 and if 14804 gets taken out then we have a change in trend signal for the nq the us dollar index it's got an a to b equal cd pattern if it forms a bullish reversal candle today that will generate a gartley buy if it doesn't then price should head lower there's a breakout level at the 93 and change area out there so that would become its target you've got goldilocks testing a key level of resistance the top of its weekly profile 182850 a close above that this week that would be a bullish outcome the silver contract actually just generated a new profile wasn't there this morning and prices testing that resistance level that's now at 2334 so it's met that a price can close above that 2334 that is that would be a bullish outcome for silver a light week crew yesterday generated a sell the d-point today is going to be a teeny nine count top looks like late week but it's got it just formed a new profile as well which is below price that's a bullish message out here wow hey folks stay tuned tomyo brian is up next and uh have a uh fantastic friday and uh do me a favor on monday tune in to the trader's ed show that starts at one o'clock sharp take care folks have a great day