 headline news update good afternoon folks Steve Rhodes coming to you live from the shores of sunny delray Beach Florida this is your 1 p.m. update and coming to get all the US indices trading to the upside you get the Dow up 405 points the S&P 58 Nasdaq 260 Russell's up 7 that's the weakest rally it's up 7 points right now to 2225 some eyes up 66 trainees 248 gold is off 7 bucks right now silver down 3 pennies lights recruit up about 40 let's go take a look at a nine panel market update chart we begin by take a look at the ES mini again trying to form a new daily profile yesterday's profile did not hold the new one that's out here likely not to hold as well I take that back I don't know whether it will or it won't you've got the bottom right now at 4281 that support and 4408 is the resistance level price is not going to get up to 4408 unless we see that spot follow today's continue to move lower in especially get below 1939 1939 is a 50-day exponential moving average as long as that spot politics remains above that level and he surprises will see some swift downside moves the NQ out here yesterday negated Friday's Gertley by pattern because of the close below that low which was 14 537 wait for a new bullish reversal candle to form today's is not it right now all we have is a inside bar inside of the NQ out there today's not over let's see how things play out the US dollar index is traded back to support that is a brand new profile that formed below price that is a bullish indication unless we see price close back inside that profile and that would mean a close below 93 74 we take a look at gold she's just consolidating with inside her profile you've got resistance at the top of its daily level of 1768 and the bottom of the weekly at 1774 60 so really the level that gold needs to close above not today is going to be the center of that bullish structured weekly profile 1790 but does that then gold will be on its merry way to the upside in the case of silver all it needs to do is close above 2282 that's the center of its weekly profile that's a new profile is attempting to form really we won't have complete confirmation until Sunday out here but right now we use the information that we've got lights we crude has made the 1.272 expansion of its A to B equal CD I believe today is bar number nine of a potential TD 9 count that could be in a tomorrow could be the high inside of lights we crew and a natural gas attacking the resistance level from September 28th the price could close above 631 that would be very bullish folks they tune for the Trader Zed show but if you have to start your Tuesday do us a favor have a terrific one thanks much for joining us we'll see you again soon