Well, the unthinkable has happened...
Small Caps: IWM
Since January Small Caps ETF IWM has been in an ascending channel that broke down on Friday after the news. EMA(13) is poised to cross-over the EMA(34) bearishly. Support areas at $112 and $109 were easily snapped with the next support at $106.
Semiconductor ETF SMH is currently holding at the channel support line with it's EMA's imminently ready to cross-over bearishly. Not much exists in the way of support between now and $51.25 should it breakdown (highly likely).
Treasury ETF TLT is now in the process of completing the final stage of
a massive cup-and-handle pattern. Support at $132 (which was mentioned
in a previous post) was found upon which we have now witnessed it's
rapid ascent. Treasuries are very bullishly aligned at the momet.