 Good morning folks Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This year 11 am update and currently we've got most of all the US industries actually that we track trading to the downside. Let's start you got the Dow down 65 points that's less than two tenths percent three tenths for the S&P or 1415 points eight tenths for the Nasdaq 100 136 points there seven tenths for the Russell 13 point moves some eyes are down 79 that's two percent to the downside to the upside you've got gold trading up 26 bucks one and three tenths one and a half percent for silver 37 pennies like to recruit is off 20 cents natural gas up three pennies 30 a treasury printing out at 115 24 that's down to ticks let's figure out what all that means by looking at that nine panel market update chart we begin the ES mini upper left hand side we don't have any kind of a topping pattern or anything that's in place right now you've got an inside day I expect to anticipate that the ES mini is going to go target this swing point out here from the trading session of July the 27th below that swing is 46 05 the high of yesterday was at 45 71 spot ball tunics is certainly set up for the ES mini the S&P to continue to move higher it's trading well below its 50 day exponential moving average inside day inside the NQ as well no topping signal here although price is up at I'm going to have to go back and take a look at other charts it is testing I believe it has tested the swing point out here yes so the swing point low from July 19th is 16 1 1 5 the high from yesterday was 16 1 1 6 the high today 16 1 22 so we've got tests and rejections of that swing point if we take a look at the US dollar index it is does have an A to B equal CD to the downside if we were to produce a bullish reversal candle today that would generate a buy the D point pattern out there short of that price will go target 102 25 Goldilocks would negate a TD 9 count top with a close above 2009.20 that would be a bullish indication fact if you get a close today or anytime above the swing point from October 27th that would be 2019 you would generate an A to B equal CD pattern to the upside in the case of silver silver right now is testing both profile and a CD 9 count breakdown resistance levels those are up at basically the 2390 level we're trading right now 2399 we're trading right now at 2399 you got to love it if we take a look at lights we crude lights we crude needs a bullish reversal candle to confirm a buy the D point pattern price just consulting with inside its daily profile in the case of natural gas it needs a bullish reversal candle to confirm a bottom as well and if we get a close above 115 38 we're 115 24 right now the 30-year treasure will generate an A to B equal CD tip side folks stay tuned for the trader's edge open if you have to start your Tuesday please have a terrific one thanks for joining us we'll look forward to speaking with you again soon take care now