The S&P ETF SPY and IVV each stopped at crtitical resistance and fell over 1% today. The SPY bearish rising wedge still stands with this afternoon's retracement however the IWM Russell 2000 ETF has already broken its wedge. The Powershares ETF QQQQ is also maintaining its rising wedge as is the international ETF EEM (Emerging Markets). The Currency ETF UUP (US Dollar Up) finished retracing its recent rally and popped higher today. If the dollar continues to strengthen and a few more indexes and/or sectors break their bearish rising wedges a significant correction will start. See the charts below.