September 11th 11AM ET Market Update on TFNN - 2026

Good morning from Del Ray Beach, Florida, where Steve Rhodes delivers an early market update revealing a sea of green across all major US indices as trading begins the session on a high note. The Dow Jones Industrial Average has surged by 385 points, while the S&P 500 and Nasdaq 100 have climbed by 240 and 248 points respectively, with the Russell 2000 and transportation sectors also posting significant gains. Precious metals are following suit with gold rising three dollars and silver up seven cents, though energy markets show mixed signals as light sweet crude drops while natural gas ticks higher. This broad-based rally sets the stage for a detailed technical analysis of key assets, highlighting specific patterns and levels that traders should watch closely to determine the day's potential direction. In the realm of technical charting, the E-mini S&P 500 is forming a bullish Gartley buy pattern with a reversal candle at the 11:00 a.m. mark, suggesting a rally toward the 7721 resistance level and potentially back to all-time highs if that barrier is breached. Conversely, the Nasdaq has been trading sideways for over two weeks below its profile support line, requiring a close above 29,461.60 to reclaim its bullish profile, while the Dow Jones recently completed a large downward city pattern but is now showing signs of a bottom with a bullish reversal candle near its breakout area of 51,833. Gold has lost momentum after trading sideways for nearly a week and risks pulling back to support at 4098, whereas silver invalidated its previous upside signal by closing below the August 19th low, now trading below profile support with a critical test looming at the September 2nd swing point of 63.88. Energy commodities and industrial metals present more challenging outlooks, with crude oil seeking to complete a TD nine count top pattern by Monday that could see it retreat to its oscillator change line at 94.07 before deciding whether to drop further. High-grade copper has established a new profile but is currently trading below support at 658, facing resistance near 681, while natural gas appears particularly weak or "fugly" as indicated by the analyst. Meanwhile, the 30-year Treasury yield is waiting for a bullish reversal candle to confirm a bottom on its RSI Momentum Indicator, reflecting the broader market's sensitivity to interest rate expectations and economic data. These divergent signals across different asset classes underscore the complexity of the current trading environment where support levels are being tested and pattern completions will dictate future price action. As the session moves toward Friday's conclusion, the focus remains on whether these technical setups can hold or if they will lead to further corrections, particularly given the rainy weather in Florida that mirrors the volatility seen in the markets. The analyst advises traders to stay tuned for the upcoming Trader's Zen show where the full analysis of the day's events will be discussed, offering insights into how these patterns might evolve over the weekend and into the next trading week. Ultimately, the market is displaying a mix of strength in equities and precious metals against weakness in energy and certain technical setups that require close monitoring to avoid potential pitfalls as investors navigate the shifting landscape of September 11th.