 T. F. N. N. headline news update. Good afternoon folks. Welcome to your 1 p.m. update. I'm your host Steve Rhodes coming to you live from sunny Delray Beach, Florida. Hope everybody out there is having a great day. Currently we've got the Dow up 178 points. S&Ps up 17. NASDAQ up 50. So about three quarter percent. The Russell 2000 up one and three tenths percent. It's up 16 points out there. We've had a little bit of rocking and rolling over the course of the last half hour. Let's go take a look at that. Supposedly I was away from my desk for just a brief few minutes out there. Maybe five maybe ten cooking some lunch and then I came back to sit down in front of my computer and said what in the Sam heck just happened. So apparently it was a part of the rendition if that's a proper pronunciation or what have you of the drug and something to do with their trial. But here's what took place on that move to the downside just so you know. All price did was pull back the test support. So we take a look at support. Here is the E. S. mini. And let me just update this chart out here real quickly. And so support is where price most recently broke out. We do that. We use that. We use our nines. Just coincidentally I was born on September 9th. So no wonder I love the nines out here. So we take a look at our TD nine count pattern out here generated a support level at twenty seven eighty four. All price did during that move to the downside was in essence test that it didn't even get all the way down there. The NQ did. So let me pull over the NQ chart out here just so you can see that. Now these are going to be important levels to watch throughout the day. In order for markets to change their trend you first have to see charts breaking through support. Now you can use whatever time frame you want. I like a 30 minute time frame as the shortest time frame to make any kind of decision out here. And if you take a look at the NQ what you're going to see is price push down right to its breakout level of support. Now it's a beautiful thing. Eighty six twenty six twenty five. Look in the old days when I first was taught technical analysis at that stage was really all about the swing points. And so I would have told you originally that support in the NQ would have been much lower than it was out there would have been down. I don't know about eighty five seventy something like that. But no understand the power of nine. An amazing tool. So stay tuned for the next hour. We'll certainly take a look at that and anything else that you'd like. If you're off to have a wonderful day is Thursday isn't it. Yeah but have a terrific Thursday and I look forward to seeing you soon. Take care folks.