 Good morning folks Steve Rhodes coming to you live from the shores of a very pleasant sunny Delray Beach, Florida. This year 11 am update and we've got a mixed bag the mix goes like this the dows off 77 points S&P down 10 Nassac 100 or 100 points Russell's off 20 some eyes are up to New York Stock exchange up 20 trainees are off a buck 25 golds of five bucks Silver's up 30 cents lights recruit up 14 pennies natural gas up 2 cents a 30 Treasury down 22 ticks printed out at 1806 let's figure out what all that means by looking at that nine panel market update chart we take a look at the ES mini upper left hand side what do you know about it well it still retains its roadsman to indicator top we need to close about 50 6650 to negate that it's trading with inside bullish end bearer structure profile because I have two different sets of profiles on the two different systems that I use out here but is trading between support and resistance resistance being 50 52 support being 49 39 both have been tested this week sounds like a consolidation is Stevie if you take a look at spot follow to next want to watch where that closes today right now it's printing above the 50 day exponential moving average the 50 days at 1369 prices at 1396 close below 1369 should give the coast is clear sign to the ES mini short of that any kind of our rug pulls would be most certainly to the downside of course rug pull I would think would be to the downside we take a look at the end queue of the interesting thing here it has a roadsman to indicator signal has not yet generated bearish reversal candle but you can see that today's candle has exceeded both the high and low of yesterday and if this closes one tick to the downside that would be your bearish reversal candle right now it's a bearish a golfing candle don't know if that will hold up during the day so you want to watch the close on the end queue one tick to the downside it will have a roadsman to indicator top now I'm not saying that it's going to sell off and that it's going to bust through support which has already been tested this week at 17 531 just like resistance was tested we had a little close above it yesterday we're back below that at 17 924 95 US dollar index traded a bit lower it that did find that resistance at the bottom of that weekly profile it's trading with inside it's a profile it's a very neuro profile supported 103 66 resistance at 104 42 we've got Goldilocks it's got a TD 9 count bottom on this chart here the problem is that you've got overhead supply that means a new profile that has already formed above price that is a bearish message out here doesn't mean that price won't try to plow through that area just sharing with you that is a bearish message we take look at silver silver could generate a profile change in trend signal if it closes above 23 21 today folks they do for the Trader Zed show but if you have to start your Friday have a fabulous one have a fantastic weekend and we'll see you again on Tuesday but stay tuned for the Trader Zed show take care folks