 headline news update good afternoon folks Steve Rhodes coming to you live from the shores of a cloudy Delray Beach Florida this is your 1 p.m. update gonna get all the U.S. indices trading to the upside dows up 140 S&P 29 NASDAQ 100 117 Russell's up 35 some eyes are up 59 trainees up 151 it's a party going on gold's up four bucks silver's off six pennies lights we grew down 67 pennies natural gas up 32 cents another big move there she's right out at 620 let's go take a look at our nine panel market update chart actually it's first begin by remind ourselves what kind of market are we trading in right now well we take a look at this here's your for equity future contracts out here the ES in the upper right then Q in the upper left the Dow in the lower left the Russell 2000 in the lower right right now you've got the NQ that's trying to join the party what party is that that's called the breakout party take a look at the yes many and the Dow yesterday's pullback in both of those was a test of the top of the consolidation that it's attempting to break out of that would be very bullish if in fact this area holds now you'd like to get the other participants that being the Dow the NQ NASDAQ 100 and the Russell 2000 they all you don't see the chart my apology you just probably look oh you're seeing the other set of charts out there sorry about that let me make sure you see this chart here this be helpful to you if Stevie could post the proper thing so there we go so there's your for daily time frame and the consolidation patterns that are going on let's take a quick peek here at our market update charts in the market update we're going to see is the ES mini right now is trading right into resistance that's the top of its daily profile so you do have a new profile that took hold the top of that profiles 45 74 we've seen price trade above that level it's really all going to be about the close but if you're wondering why seller a little bit of selling has taken place well it's simply this because you've got that new profile inside the ES mini or that would be one of the reasons things won't get really rocking a roll into the downside until you see that second chart spot follow 10x close above the 50 day X minutes moving average currently that's printed at 1821 the NQ at the NQ close above yesterday's high it'll do a couple things it'll negate the buy the sell the D point pattern it'll negate its TD 9 count so what you're watching for here is 15 717 50 right now we're trading at 15701 US dollar index looks like it's getting ready to pull back the test support that would be $93 and 12 pennies gold hasn't moved a ton nor has silver lights we crew it has tested and rejected the bottom of its daily profile that support folks that is a key level price does not break through that level then this is one of those by the you know what kind of dip out there 81 24 is the key level to be watching folks stay tuned for the Trader Zed show but if you're off to start your Thursday we want you to have a wonderful one around here and tune back in but Trader Zed show will begin in just a few moments and be right back.