 Good afternoon folks this is Steve Rhodes coming to you live from the shores of what looks like a somewhat sunny Delray Beach Florida with your 2 p.m. update and we have all the U.S. indices trading the downside now is off seven hundred thirty eight points two and a quarter percent S&P two and a half percent or one to one Nasdaq is off three percent three seventy four Russell's down two and eight tenths percent or fifty two points gold straight out at eighteen seventy three that's about twenty bucks it's got resistance at eighteen seventy nine the top of its daily profile silver's up eleven pennies trade out at twenty one ninety three lights recruit us back a buck fifteen trade out one twenty thirty eight natural gas off eleven cents eight eighty is it's eight eighty five is it's printed a thirty a treasury down one point and eleven ticks he's trade out a one thirty five twenty two so what do we want to do here let's take a look at the index ETFs the spies upper left hand corner the Q's upper right the Dowman's the lower left the Russell two thousand the lower right so from a volume standpoint you have price pushing into the swing point from may be a twentieth inside the spies that volume is a hundred thirty one million shares so far you are at seventy four million shares so it appears that you're pushing into the swing point with slightly lighter volume out there but a price close below three ninety seven oh three the message of the spies that price to get down or may want to get down and test at three eighty fifty four if it's with volume it says it wants to get down if it's lighter volume we're uncertain but because price right now in the spies below the bottom of the weekly profile we would say the signal would suggest getting down there in the case of the Q's she is sitting on support and that is the bottom of its weekly profile that's a two eighty nine twelve it's pulled back with some decent volume but it's going to get ninety one million shares and so far it's done fifty eight million shares but the Q's would need a rejection even though price is sitting at weekly support and a rejection would mean a close above two ninety three eighty it appears to be lighter volume won't know till days in but that's what you'll be looking for at the end of the day the dowel is saying and you guys are having a pity party because I've already done my test and it appears to be on lighter volume that's a test of may twenty the high of that was three was a three fourteen seventy nine the low today is three fourteen sixty so here's your real test and so far rejection of a swing point that is the dowel as long as it remains about three fourteen seventy nine is less than four point six million shares and you're at about three million then you'd have a rejection there friends stay to your favorite polar bear david whites up next after that tumble brine will bring some home I'll be back with you on Monday at one o'clock sharp have a fantastic weekend thanks for joining us we'll see you take care