Got The Break Out, Hit 1470, Now WHAT?

NASDAQ-100 (Weekly) Bearish

• Nasdaq-100 Broke down out of Bull Fork
• Uptrend broke (Bearish)
• Break below 2500 would be very Bearish
• MACD starting to roll over (Bearish)
• Nasdaq-100 needs to break out of Bear fork soon
• Break above 2800 would be very Bullish

SP-500 ( Weekly) Neutral 

• SP-500 still in Bull Fork
• Uptrend broke (Bearish)
• Break below 1404 would be very Bearish
• MACD starting to roll over (Bearish)
• Next week will confirm if a Bear move is taking place
• If Bear move is not confirmed, QE3 could kick the market to NEW HIGHS

Light Sweet Crude Oil ( Weekly) Bearish

• Oil In Bearish Fork
• Break above 97.80 would trigger a bullish signal  
• Break below 83.50 would confirm a bearish signal
• MACD pointing to lower prices for oil
• Break above 0 could start to push oil higher