Update on the over all market

SP-500 - Weekly

• SP-500 Still Holding Support In Bull Fork
• In a Neutral Zone At The Moment But Should Bounce
• SP-500 Could Still Have One Last Pop
• Close Below 1310 Would Start To Be Bearish

GLD - Weekly

• GLD Still In Bull Fork
• Having Hard Time Breaking Mid-line @ $149.00
• Close Below $139.00 Would Be Bearish

QE3?

• Been A Good Amount Of Poor Economic News
• Economy Is Slowing Down, Keep In Mind That Is With QE2 Still Taking Place
• QE3 Would Not Help, Just Kicking The Can Down The Road
• What To Watch Is Greece, Aka "Lehman Brothers 2.0" And China! 

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