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

SP-500 (Will The Bear Fork Hold?) Bull Fork says NO!

SP-500 Bullish

• Bulls
• Break above 1400 would be Very Bullish
• Very strong chance we will break up
• QE3 is on the way, will pump markets higher
• 1470 would be the next target
• Bears 
• Break below 1350 would start to be Bearish 
• Break below 1300 be VERY Bearish
• Will the Fed save the day with another QE
• We will see what happens....Bulls look to be in control