 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 we got a mixed bag out here you got the Dow trading down 46 points the New York Stock Exchange is off six otherwise all the other U.S. indices the S&P is up eight the Nasdaq up 89 the Russell's up two semi-zero 15 trainees are up 17 spot ball takes up 16 pennies train at 1646 not a problem it's still well below its 50-day exponential moving average gold is off a buck Silver's off a nickel lights we crew down 14 pennies natural gas up 28 cents she's trading at 512 let's go take a look our nine panel market update chart we begin by look at the ES mini we'll see it's in an A to B equals CD to the upside first price objective is 44 78 that would be the one-to-one area that does not mean that is where price stops the next level above that price target wise is 45 22 so what we're on watch for right now is any kind of bearish reversal candle I know some of you out there are going to say Steve oh isn't that a hanging man it is do I use that as a bearish reversal candle absolutely not and I don't recommend that you do either out there if you take a look at the spot ball tonics its key level to be watching is 1912 that's today that's the 50-day exponential moving averages we take a look at the NQ that's a chart on the right you can see a one-to-one A to B equal CD to the upside has been attained that levels 15 219 we're trading at 15 221 next price target to the upside 15 391 again we're on bearish reversal candle watch here because both the ES and the NQ could generate Gartley sell patterns you got to let the markets communicate that to us versus guess that that's what's going to happen next we take a look at the US dollar index just trading sideways after forming a a roadsmen to indicator top about three or four days ago the price above it's the top of its daily profile so it retains its bullish to neutral stance out here Goldilocks gold is a tinkering with the top of its daily profile that acted as support last week on Friday that was at 17 whoops I'm sorry what is I what am I talking about that is at 17 34 60 price right now is trading at 17 at the heck you know I'm sorry 17 68 20 is the top of that daily profile we're trading at 17 66 sorry about that folks but stay tuned for the trader said show we'll go through all of these instruments out here of course I would love to hear from you but we're off to starting your Monday and the magical one but we'll see you again soon