Friday's continuation of the recent sell-off has brought the S&P (NYSEARCA:SPY) back to a frequently tested supporting trend line. A significant break here over the next two weeks would be telling in its bearishness, imho.
Here is the short-term look.
Here is the bearish rising wedge that has been building since the 2009 bottom.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.