 Financial News Network. Update. Good morning folks, this is Steve Rhodes coming to you live from the shores of, well, a little foggy Delray Beach, Florida. This is your 9 a.m. update and currently we've got the U.S. Indices, the equity futures that is trading lower. The Dow is down 120, 60. NASDAQ 63, the ES mini 15 and the ES and the Russell is down 16 points. But what does all that mean? Well, what I can share with you is that right now the Dow is testing a support level 35621 out there. So it's sitting right at support. The ES mini has tested a key support level 4678. The key support level for the NQ is down at 16288 hasn't even got down there and it does have a confirmed currently by pattern for its 30 minute timeframe. That suggests to move to 16339 or 16368 out there. So that's what's going on with regard to those over days last night. You had a mixed bag. You had the Shanghai and the Hangsang finished higher by 1%. The Nike finished off by 135. All three of those markets want higher price. The DAX in Germany is down 59 points. The FTSE is off 23. Gold's back 7 bucks. Silver down 52 pennies out there in the 30 year treasury. She's printed out 160, 110 while the U.S. dollar index is printing at 96.07. That's up 20 pennies right now. Let's go take a look at our nine panel market update chart. As we begin, we start off by taking a look at the ES mini. What you should notice is that the sellers reside between 4717 and 4740. Those are the tops of the daily and weekly profiles out there. So price has basically gotten back to resistance. Now the key here, the ES mini will go target 4740 if the spot volatility closes below its 50 day expense moving average for a second consecutive day. Yes, there was a close below it. The 50 day expense moving average at 2032. We're trading at 2060. If we close above 2032, then all bets are off and we could see the markets pull back, especially if the spot volatility remains above the 50 day exponential moving average. So right now it's kind of a neutral signal with prices holding support levels. That's at 902 in the morning. Maybe it won't be so neutral come days then, but I think we need to wait till the end of the day to be able to figure out what the direction this market has is intending to move in. The NQ up at resistance as well, 16456. The US dollar just consolidating with inside his daily profile. You've got gold. Its real key level of resistance is 1788, the center of its weekly profile, silver testing support, the bottom of its weekly profile as well out there. You've got lights we crude at resistance as well. Folks, stay tuned. Tommy O'Brien is up next with a terrific show. I'll see you on Monday. Have a fantastic, terrific Thursday, fantastic Friday and a wonderful weekend, folks.