Break Down?

SP- 500 Weekly

• Need To Watch The Lower Part of The Bull Fork
• Close Below 1310 Would Show Market Is Breaking Down
• Close Below 1300 Would Be Very Bearish

XLF Weekly

• XLF Is Breaking Down
• In A Major Bear Fork
• Banks Will Lead The Market Lower, If They Do Not Turn Around Fast!

No QE? Then Watch Out Below

• Consumer Can Not And Will Not Hold Up The Market
• The Fed Has Kept Us A Float
• Fed Has Off Set The Falling Consumer, But This Looks Like It Is Coming To End

What Could Happen When QE Is Done

• In Short, NOT GOOD
• Time To Be Smart With Money, Not Brave

Update on the over all market

SP-500

• SP-500 Starting To Break Down
• Break Below 1300 Would Be Bearish
• Still Room For The Market To Go Higher 
• All Comes Down To QE3

UUP

• UUP Trying To Break Out of Bear Fork
• If The Fed Does QE3 UUP Will Go Lower

XHB

• Housing Starting To Break Down 
• XHB Just Broke It's Bull Fork