Tuesday was the 13th day of the current QQQQ short term up-trend. With a big down opening coming, I must watch key support levels. A weekly chart of the the major indexes suggests we may have completed the top of the right shoulder of a head and shoulders top. The longer term up-trend of the QQQQ will turn negative for me with a close of the QQQQ below 46.17 . The comparable figure to watch on the Dow is a close below 10,480. The 30 week average (red line) is about as flat as one can get, meaning we could be in a market of whipsaws for a while. However, if the 30 week average for these indexes begins to decline, I will exit all markets. Note the potentially bearish weekly chart of the Dow below (click on chart to enlarge).