 headline news update welcome folks we have the down industrial is finished up 194 Nasdaq down 79 S&P's up 7 you get holiday trading folks you get volatility you can expect the same thing tomorrow as well as Friday gold gold contract down $15.50 straight and it's 17.90 ounce silver down 62 cents $23.66 an ounce of light sweet crude up two bucks that is totally counter intuitive you get six different countries going to release from their strategic stockpiles but guess what oil wants higher price they're buying it it's going higher notes and bonds you get the 10 year note down 9 ticks trade in 129 22 the 30 year off a full point plus 10 ticks at 159 and King dollar King dollar down 52 ticks trade 96 496 Euro 112 the yen at 115 the British pound of 133 to 1 US dollar we get open we take a look at the spy folks bottom line you get the sideways move is still at highs your ejected lower price today on the spy at 464 yet 65 million shares traded and we were going into 69 million you closed above that bar which is the top of the bar folks at 467 38 so what we did is this you hear me talking about testing all the time okay the bottom line is that the spy went down into the bar rejected lower price and closed above the high of the bar when you have that bottom line shoot right back top side and my point on this is that because the spy had so much volume yesterday it's going to go back and get tested so I expect what we're going to see is you can see a rally and we're going to get this 473 we'll see whether going to blow that 473 away and the x100 we take a look at the three cues we'd have with the three cues a little different situation you can see it the cues they have heavier volume they got the lower price they finished in the middle of the range so the cues are telling me that hey man you know you can actually get down to this 487 387 if that's what we have then you do have three black rows that's how this will set up three black rows again it's a candlestick charting Google a deal most of the time we just see happen with three black row is this you go a little bit lower then you come back up and test them and then yes you have a very large correction three black rows that's it that's when they work they're pretty bearish have a great night folks have a safe night come back and visit Tommy tomorrow morning kicks us off 9 o'clock have a great one folks