 T. F. N. N. headline news update. Good afternoon folks welcome to your one P. M. Update currently we have the Dow up hundred and thirty eight points she straight out of twenty six one twenty two effect all the indices in the green lead the charge. To the upside it's the semiconductors up a full three percentage. Three three percentage points up point wise it's up forty one point straight out of fourteen. Twenty so here's what's going on in the markets as we speak right now we just take a quick peek in on the E. S. the N. Q. and the Dow equity futures contract you will see that resistance was hit inside of the E. S. nuts in the twenty nine oh six a level. We're looking at its horizontal trading range we have both a daily in a monthly they're lined up right in the twenty nine oh six twenty nine oh seven level that's resistant so we've seen the market back off just a tad at this stage. What level of resistance I don't know just yet will need to monitor this to see if levels of support to break during the day but resistance has been hit inside the E. S. many if we take a look at the N. Q. the N. Q. that's not the case we take a look at its horizontal trading ranges out here it's kind of like in the middle between the- the weekly resistance point of seventy six twenty one. And the weekly support level which is at seventy four oh five if we look at the Dow equity futures contract you can see how as they have approached their daily and weekly horizontal trading range in the twenty six one ninety one level that that has impeded. The movement in the markets out here now. It is with regard to the Dow equity futures contract that is perhaps the most important. From an intraday standpoint to be watching what do I mean by that well. If we take a look at the thirty minute time frame first let me pull this chart over here what you're going to see is- let me pull it well I guess I could pull right here that was the chart I had if we take a look at the the current high out here you will see. Two different nine counts out here both of them identifying a level of support those nine counts identifying. Places where the Dow equity futures contract on a thirty minute basis. Broke out prices pulled right back to the first breakout level. That number is twenty six one nineteen. You can see how it's held thus far I don't know if it will continue to hold the price so far. We've hit resistance daily and weekly resistance even the monthly resistance level out here and now price pulling back to determine whether it wants to continue to move higher but nothing has broken yet. Folks thanks much for being there stay tuned. Great guys Steve Rhodes he's up next for the next hour if not have a terrific.