 News update. Good morning folks. Steve Rhodes coming to you live from the shores of a very sunny and pleasant Delray Beach, Florida. This year 11 am update and we've got a sea of green out there. Well, sort of you got all the US indices that we track are trading to the upside. Dows up 230.6 10% 1.5% for the S and P 75 point move there over 2% for the NASDAQ 380 points a half a percent for the Russell or eight four percent for the semis a hundred eighty nine point move there that is a gigantic move you've got gold trading let's flat on the 2033 60 Silvers off two pennies that's flat at twenty two eighty five lights recruit off a buck 78 18 is the print their natural gas down 11 cents 30 a treasury up 12 ticks print out at 1 1803 let's try to figure out what all that means by looking at that nine panel market update chart we begin the upper left-hand corner the ES mini it's attempting to take out the roads but the indicator top if it does that well to do that it needs to close about 50 66 50 we're at 50 68 50 right now two points above that it matters where do we close at the session and if we close above it that says we're headed higher I would say that says we're headed higher as long as we get that spot politics back below its 50 day exponents moving average it is not that is a key level 1388 is the print right now we're printing out at 1424 you've got the end queue which this week has proven to us even last week that there's a good old fashioned consolidation with inside its profile levels look how well those profile levels have worked and right now price is still consolidating with inside atop that profile 179 24 we take a look at the US dollar index out here just really not doing a whole lot it also has held profile support and so holding profile support you know what Tom likes to say if you can't bust in the downside you try to bust them to the upside if that's the case with the dollar 104 42 is next on its deck if we take a look at gold it's really just traded in between a rising and falling trend line as well as with inside its profile so not much to talk about there in a case of silver does have an a to b equal CD pattern to the downside 2134 is that price objective right now you got a consolidation with inside its profile now the case of silver the profile that formed yesterday wrapped around the prior profile that tells us to expect or anticipate at least for silver a consolidating market with regard to lights being crude a close above the top of its profile today and that would be at the 7843 level where it 7865 right now that would suggest we had higher out there you could even get an a to b equal cd to the upside pattern in the case of natural gas it's got that by the d-point pattern and right now price is pulled back to test the top of its profile 1.754 is that support that's the question steve roads with tf&n folks stay tuned for the trader's ed show if you're off to start your thursday have a terrific one thanks for joining us we'll look forward to speaking with you again soon take care now