Hi everyone

Well last week was another interesting week with allot of IV but the charts definitely have made some bearish moves, and i believe w have much lower to go. I am looking @ 1200 ES 1155 possibly lower. We had a big down wave on Thursday, then Friday we consolidated in very light volume. 

Today the Muslin brotherhood Muhammed Morsi won the Egyptian election and this is making Israel shudder along with allot of other countries. He then denounced the brotherhood, in what i took as a very measured move to quiet his opposition. I don't believe  for a second he really is denouncing the brotherhood.

Tomorrow we have the vote for Obama Care and that will be another market mover. 

Now let's look at some of the charts ........

Now for a Crude weekly chart :)