Summary of Index's/ETF's for week of 12/10

XLF[29.35] bullish divergence forming, ahead of GS earnings, I like the chances of a rally..

SPY[147.17], bullish..right on 50dma support, pullback from prior 2 weeks..

XLE[76.45] neutral...has room to go (80?), but forming topping pattern...bearish divergence..

VIX[23.27], neutral..attempted 25, but mostly around 23..Below 20 is BULLISH, above 25 is BEARISH..anywhere in between is whip saw..

QQQQ[50.97], neutral..falling MACD again this week..one more down week, and we continue lower..48ish..

INDU[13339], bullish, pullback from prior 2 weeks..rising MACD still..

SMH[32.67], bullish, pullback from prior 2 weeks..rising MACD still..

EWZ[80], bearish, dbl top, falling MACD.. looks like lower still..

IWM[75], neutral.. falling MACD for 2nd week...one more down week, and we confirm down trend...68?

HHH[58.97], neutral..falling MACD this week, closed at 50dma..

SLX[83.32] bearish divergence, double top...looks like a fall from here...