SpyState Street SPDR S&P 500 ETFAMEX:SPYContraryTraderI won't be going over tech at all in this post. I'll be covering , energy, VIX, DJI, IWM, XLF and NYA . Warnings signs flashing Bearish ascending broadening wedge showing on IWM DJI $NYA. Also Dow Jones printed a monthly reversal candle for August. At some point in the next 2 weeks things will turn severely bearish and sell into October. DJI Like I said earlier monthly candle for August was a topping tail reversal Ascending broadening wedge here That's has already fulfilled the required amount of trendline touches Could sell at any moment, target is 48,000 Same analysis here with $NYA. Made a weekly lower high at resistance downtrend IWM Same sight, but I will say the weekly finish with a hammer candle at support. I think iwm has already did the first move on the ascending broadening wedge here and is now doing the dead cat bounce before the major leg down.. upside this week is 297.50 then head back down. If they don't take out 292 by Wed then expect a bounce into 297 before the short Weekly RSI showing bearish divergence No real money this summer, algo pump Lastly Financials XLF Top of a 2 year range here . Trend support has turned this into a rising wedge. Next step is the banks most likely slide with NYA and $IWM. JPM and GS will weigh down the $DJI. Red line is what I think comes next but blue box is a possible chop scenario but i doubt it. KRE Regional banks Weekly bearish engulfing at the top of the channel here VIX A push up to 18 minimum this week, over 18.50 and 21 comes. A lot of monthly ,weekly and daily moving averages around 18.00 -19.00 as a bull you don't want to see vix clear and hold above 18.00 SPY Held all Friday at 20ma (Purple line) Below 769.00 and they head for 764 gap close and trendline support. If they hold 764, then look for a dead cat bounce back to 770 -772 before what I believe is the REAL leg down.. Over 775 and 785 comes (I doubt it) Only place I'd try calls this 763-765 and that's for a move back to 770. All signs point to 756 either this week or next; That's the 50ma and my first target. Below 754 and 746 gap close comes which is also the weekly 20ma