 headline news update good afternoon folks this is Steve Rhodes coming to you live from the shores of sunny delray Beach Florida this is your 1 p.m. update and currently got a slight mix bag out here that slight mix comes from the nasdaq 100 off 8 points otherwise all the other markets slightly to the upside the S&P is actually flat the dow is up 21 that's pretty much flat the Russell's not flat up 10 some eyes are up one and a half percent fifty four points trend is up 18 Goldilocks is up 870 trade at 18 and a quarter Silver's up 32 pennies trade at 2448 let's go take their a nine panel market update chart we begin in the upper left-hand corner take a look at the ES mini the ES mini although you can't see it that Friday was bar number eight of a TD nine count today will become bar number nine that says that if a TD nine count top is going to form it should have formed already or by tomorrow that will be the last day for that pattern to make a newer high out here the spot ball utility index as you can see is trading up right up towards the 50 day exponential moving average the 50 day exponential moving average is printed at 1762 and price right now I try 1773 and price at 1760 a close above 1772 today I haven't take a look at the one-day rate of change would be a bearish directional signal for the S&P 500 factor would confirm that TD nine count top and suggest that price pulls back about the 4635 level the NQ has formed a or is trying to form a new profile subscribers the new profile inside the ES mini has vanished doesn't mean it won't come back but it is not present the one inside the NQ still remains that is forming below price that is a bullish message the NQ also form bar number eight on Friday that says that it's TD nine count top should occur between Friday and tomorrow if you take a look at lights we crude she's trading right up into resistance that's the center of its bearish structured profile I didn't get to the US dollar index US dollar index it's got key resistance at 94 57 prices trading between that and support at 93 74 Goldy locks underway up to resistance that's the top of the weekly profile 1838 above that the one-to-one A to B will see the price projection area of 1852 Silver's got resistance at 2473 and then at 2492 above that it smooth sailing to the upside lights we crude as I mentioned as a brand new profile price found resistance at the center of the bearish structured profile 8289 natural gas funding support at the bottom of its daily profile five dollars and 34 cents the 30 year Treasury's got an A to B equal CD to the upside price right now just trade it's an inside bar inside bars messages are that the trend that's in place should continue look for the A to B will CD to continue to the upside inside the 30 year Treasury 16347 to 164 and change out there folks stay tuned for the Trader's Edge show but if you have to start your Monday have a magical one see you again soon