Complacency is the Enemy

Major indexes broke through key levels of support this past week and if we are going to see a year end rally the markets will need to recover quickly next week.  The intermediate term does not give a lot of hope to the bulls, but things can and often do change very quickly, especially this year it seems.  The video below takes a look at key levels for $SPY $QQQ $XLF $IWM and $SMH