S&P under the 200 day moving average *warning*

The S&P closed last week under the 200 day moving average.  We are currently at a location with high probability of ripping to the downside, with Tuesday and Thursday most likely being the high volume days. 

The S&P must close the week above its 200 day moving average to keep a Bullish scenario alive.  Things looking rather precarious at this location.

QE1, QE2, QE3, QEnfinity. Is the Fed out of Ammo?

As I have posted before, I am looking for the Great de-leveraging of our generation.  Since March of 2009, the Federal Reserve has gone to inflationary extremes three+ times that I never even considered probable.  I had always been hopeful that the Fedeal Reserve wouldnt have such disregard for the US Dollar, and wouldnt export inflation so freely to the rest of the world, but I was very wrong, and very naive.

The only question remaining now is whether the Federal Reserve is out of Ammo.  Does the Bernank have another inflationary trick up his sleeve?  If so, there are a couple currencies in the Middle East that will most likely not survive another round of our inflation exportation, with the Iranian Rial probably being the first currency inflated into oblivion.  If that happens, things could get very ugly, very quickly.  I believe the Bernank may finally be cornered.

With these things considered, as well as new tax laws going into effect in January, and the "fiscal cliff" approaching at the end of this year, I see a substantial turn in the markets before the end of the 2012.

I was expecting a rise into the end of the year, but today we pinned a very important trendline to the downside.  Any selling South of here breaches an upward trendline existing since October, 2011.  We are definitely on the razor's edge, and the uncertainty in the global market is like nothing I have ever seen before.