 Good morning folks Steve Rhodes coming to you live from the shores of a blustery windy kind of rainy Delray Beach Florida the exact kind of weather that Stevie hates out there but this is your 11 a.m. Update and currently we have all the U.S. indices that you and I track trading to the upside dows up 105 points about three tenths percent four tenths for the S.N.P. or 20 points a quarter percent for the Nasdaq 38 two and two tenths percent for the Russell 43 point move there three percent for the Summys they're up 122 points one and seven tenths for the trannies 268 we got a rally going at rally extends itself into gold which is run into resistance up at the top of a brand new profile will give you that data here momentarily silver also trading with inside its profile it's up a nice six percent out there but it's got resistance like to recruit up two dollars and 37 cents a natural gas up three pennies 30 Treasuries up well one point and 21 ticks printed out at one twenty three ten let's figure out what all that means by looking at that nine panel market update chart we begin with the E.S. many upper left hand side no topping patterns in play that says that it should target well I think it does have a wave number seven pattern if I'm not mistaken quick check here yeah you've got wave number seven in the E.S. and inside the adult equity future contract that requires a lower high in order to confirm that pattern short of that price should go target this the E.S. many forty eight ninety four spot fall tech still below its 50 day exponential of an average that's always a positive for the bulls or mostly a positive in the case of the Nasdaq 100 its price target is the 16 975 level that's its one point two seven two Fibonacci expansion of its last set of swing points out there the U.S. dollar index if it closed well it's already negated a wave seven bottom and if it closed below the swing point out here this is the swing point from the trading session of November 29th price is likely to head lower now there is a weekly breakout area TD9 count breakout level and we'll have to I'll find that during the break here and report back to you get gold as I mentioned is trading into profile resistance out here it's been one heck of a nice move but not until price can close above that this is a new profile that's attempting to form so I won't know until the end of the day but right now we know our sellers reside there 20 62 90 in the case of silver they're out at 24 57 in the case of lights we include you've got an a to b equal cd to the downside no bullish reversal candle yet but you do have a new profile that is formed out here support a 69 83 resistance at 75 28 or 77 44 you've got that TD9 count bottom inside of natural gas it's got resistance up to the 245 level the 30 year treasury it's trading above the 1.272 a to b equal cd price projection level its next area is up in the 126 range folks day two for the trader zed show but if you have to start your thursday have a terrific one thanks much for joining us we'll look forward to speaking with you again soon take care now