 Good morning folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida with your Lebanese update and currently we have a market that is dead and red Got the Dow down 242 points that's up nearly eight tenths were sent one and a quarter percent for the S&P or 49 points One and nine tenths percent for the Nasdaq 100 232 points there to in three tenths for the Russell 2000 42 points the downside 112 for the summice. That's over four percent trend is a down seven tenths 96 points golds off 23 bucks. That's one and three quarters percent 1703 20s the print there Silver's down 2% 37 cents trade at 1751 lights recruit up to 50 trade at 87 11 natural gases up 20 cents at 932 30 or Treasury down two points and 13 ticks at straight at 134 even Stephen. So let's go try to figure out what all this means well Here we'll put up the nine panel market update chart You've got the a to b equal CD pattern inside the ES mini today is going to be the bar following bar number nine as price Approaches the support of its weekly profile and that's at the 38 87 level We take a look at the spot, but it's still well above its 50 day exponents moving average That's always a bearish directional signal for the S&P 500 the NQ Formed a TD nine count two days ago yesterday was the bar following bar number nine That's as a close today below 12 to 47 15 negates that signal It does have an a to b equal CD to the downside But it would then need a bullish reversal candle to confirm a buy the D pointer a currently buy pattern Short of that price may be targeting the bottom of its profile and that's at the 11 891 area US dollar index is taking out It's TD a roadsman to Mindicator top close above 109 14 will accomplish that and that'll suggest higher price during the Trader Z show we'll take a look where that set it to gold has made in essence the one to one a to b equal CD That one to one price projections 1694 the actual low so far today has been 1699 10 silver Trading blow daily and weekly profiles looks like you want to continue to head lower like to be crude is tested a support area That's the rising trend lines as well as the bottom of its profile 86 51 being the key level there And even though we got a nice little bounce here in natural gas just consolidating with inside its daily profile It does have a TD 9 count top in place But it just been a sideways movement and a third of your treasury we'll take a look during the traders that show to figure out What patterns are in play what a to b equal CD price projections There might be prices trading below the bottom of its daily profile here before we got close out the 11 o'clock update Here are your primary a to b equal CD patterns for those indices that you and I can trade ETFs on So you'll see those patterns in play here each of them need bullish reversal candles to confirm a Please stay Oversold bottom with a counter trend out folks stay tuned for the trader's ed show And but if you're off to start your Thursday have a terrific one day tomorrow We're gonna record the show at 8 o'clock, so please join us early. We'll see you soon