Remember This Video?

It was originally posted at the end of November. The chart below the video is an updated look at the weekly SPY chart. The eventual downward target for this market is looking like 133-136, how fast it gets there is anyones guess. Will the Fed take action to delay this inevitable decline? Or will there be some huge unforseen bullish event which reverses this decline? Once a longer term trend takes hold they are very difficult to reverse.