Watch The Support & Resistance On S&P And The GLD

SP-500

• SP-500 Can Break 1225
• Bulls Could Push Higher
• Break Below 1100
• Bears Will Have Control

GLD

• GLD Hitting Top of The Bull Fork 
• Break Above 190
• Bulls Could Push It To 210
• Break Below 171
• Bears Could Push It Back To 160

Lets See How It Plays Over The Next 3 Weeks

Support Is Near, Will It Hold?

S&P 500

• 1115 Will Act As Short Term Support
• Our Market's Are Tied To Europe
• Sooner Then Latter Greece Will Default
• Followed By Spain And The Other PIGS
• Market Could Get A Big Bounce Due To QE3, Along With More Stimulus From Washington 
• Long Run
• Stimulus Will Only Help Short Term, Like It Did In Japan
• Early 2012 Could Be 1937 All Over Again
• Do Not Take Risks That Are Not Needed

Downgrades And Earnings Looking Bearish

Profit Margins

• Margins Near All Time Highs
• Will They Go Higher?
• Most Likely No, And Will See This Come Up In Q3 And Q4
• This Is Very Bearish

Analyst Optimism

• Chance of Upgrades less likely
• Chance of Downgrades VERY HIGH

S&P 500 Weekly Update

Bears Out In Full Force!

• Markets Are Hurting Do To Europe
• Will Only Get Worse In The Long Run
• Break Below 1116 Could Cause The Market To Go In Free Fall
• 1040 Is One of The last Support Before The 900 Level On The S&P
• Be Smart With Your Money, Way To Much Risk Out There For Little Reward

BAC In The House of Pain

BAC - Weekly

• Break Above 9 Could Give The Stock Some Life
• Stock Could Be Below $6 Within Weeks Before The Next Bounce
• BAC In A Major BEAR Fork

S&P 500 And ERCI

S&P 500

• Clock Work
• Hit Mid-line And Headed Back Down
• Fork Suggesting Market Headed Back To The Lows
• Bear Fork Knew Jobs Data Was Going To Be Poor
• 0 Jobs Added
• Economy Will Continue To Weaken 
• QE3 Could Come Into Play Late Sept
• Will Not Help In Long Term
• QE1 & QE2 Failed, QE3 Will Not Be Different

ECRI

• ERCI Pointing to Negative GDP
• How Low Will It Go?