 Good morning folks. This is Steve Rhodes coming to you live from the shores of sunny sunny again. How about that first time in about five days? But it's sunny Delray Beach, Florida. This year 11 a.m. update and currently we have a sea of red out there. All the U.S. Indices trading the downside fact. Most of the things on my screen are trading to the downside. The Dow's off 108, 3 10th percent, half percent for the S&P 18.7 tens for the Nasdaq 100. 77 points there about nine tenths for the Russell. 15 points there. Summizer off over 1% as are the transports. You've got gold trained down 16 bucks. That's nine tenths percent. Nearly two percent to the downside for silver. That's 42 pennies. Lightspeak crude is off two bucks. That's two and a half percent. Natural gas down 12 percent down 59 cents. She's trained out at 452. The 30 year treasury is off 15 ticks trained out at 124 28. What does all this mean out here? Let's go take a look at that nine paneled market a big chart. We begin by take a look at the ES mini which right now is testing the bottom of its daily profile. That's at 34 38 41 a close below that and then price likely likely completes the measured move which would take the S&P down to about the S mini. I should say down to the 37 57 37 27 area. Now if it's going to do that move below or you'd think that the spot follow techniques would move higher. It hasn't actually taken out yesterday's low has not taken out yesterday's high. It's got to make you say hmm something to think about. Well if we take a look at the NQ she's trading with inside its October 13th swing point but it has completed its measured move of that consolidation breakdown. And you'll see when we get to the charts during the Trader Zed show today is going to become bar number nine of a TD nine count inside the NQ. That says it should form a bottom between today and tomorrow. If you take a look at US dollar index well it's tested and rejected the bottom of its daily profile to 103 64 level. If markets are going to move higher presumably the dollar index would close below the bottom of that profile. Right now you just got a good old-fashioned consolidation and Goldilocks has resistance at the top of its weekly profile. That's an 1836 but even though it's pulling back it's just been a sideways move for a couple of weeks. Silver really the same thing out there. Just a sideways move but it is back inside its profile. I would anticipate that it would find support that's over at 2351. Lights we crude what do we have out there well did complete a one to one A to B equal CD to the upside depending on today's close out there you could get a three river evening star that would suggest a further retracement natural gas A to B equal CD to the downside $3.80 cents is its next price target. Folks stay tuned for the Trader Zed show but if you have to start your Wednesday please have a wonderful one and we look forward to speaking with you again soon. Take care now.