 Good morning folks Steve Rhodes coming to you live from the shores of very sunny Delray Beach Florida this year 11 am update and we've got a sea of green out there you got all the U.S. indices trading to the upside dows up four tenths percent hundred thirty five points about one percent for the S&P or 40 points one and a half percent for the Nasdaq one hundred two twenty three the Russell's up seven tenths or twelve points one and seven tenths for the some eyes are up sixty two gold is up nineteen dollars silvers up eighteen eighty two pennies that's a three and a half percent move there about one percent for gold lights recruit up forty four cents natural gas down a nickel and a thirty a treasury up one point and nine ticks she's printed out a one nineteen twenty one let's go take look at our nine panel market update chart we begin up our left hand corner the ES mini what do we know about it well what we do know is at the bottom of its weekly profile bullish and structure by the way held and it held on Friday of last week forty three seventy seven so the S&P five hundred does not have a change in trend signal as far as where is price headed to I've got two different sets of profiles will look at these now during the regular show will look at the white background here we would say price is going to go target forty four forty seven to forty four sixty six now go forty four sixty six particularly the spot follow tunics over the last three trading sessions price is not been able to take out the prior highs but it has been able to take out the prior lows or least trade below them for a bit now we're trading below that that suggests to me that the spot follow tunics has changed its trend for the time being and is likely to go target that fifteen forty seven level that's a fifty day exponential moving average in the case the NQ you can see that also the last four trading session or three trading sessions price not made it to the prior lows and we're trading above yesterday's high in the NQ this suggests to Stevie that the NQ wants to go target that fifteen three fifty eight level but during the trader's edge so we need to go figure out where that oscillator and change line my guess is right now it's right where we're at so we're right up at a resistance level if we take a look at the US dollar index yesterday it formed a TD nine count top a close above one or three sixty two would negate that signal take a look at Goldilocks out here trading with inside a bullish structured profile do I have a bottoming pattern not really but price likely going to go target the top of that profile that's where the sellers reside at nineteen fifty three now the case of silver there are no sellers at this stage of the game and prices trading above its point six one eight retracement of its last leg lower so twenty four seventy eight would be its next price target area like we could early today was trading below seventy eight sixty if it did close close seventy eight sixty it would establish an A to B equal CD to the downside with regard to natural gas is trading below the bottom of its weekly profile could be telling us let's go target two fifty seven thirty or Treasury form the TD nine count bottom if it were to close above the top of its profile one twenty five that would be a change in transit folks they do for the trader's ed show but it's off to start your Wednesday please have a wonderful one we'll look forward to speaking with you again soon