The 3 Pillars and the Market's Model

I refer to the 3 Pillars as being 3 of the most important 10 industry groups. The market can rally without Staples or Discretionary, but Financials, Energy and Tech are the 3 Industry groups the market surely needs to move. Just look at the composition of the major averages, the S&P is stacked with Financials, The Dow with some Financials and Energy, the NASDAQ 100 with Tech, these 3 need to move up together for there to be any kind of convincing arguement to be made.

Here's the model sen through out the market I keep talking about as represented by JPM

 JPM represents the bearish wedge with a false breakout that has now been confirmed, look at the major groups and averages that have some variation of this pattern.

 XLK-Technology

 XLE Energy

 XLF Financials

 The SPX

 The Dow-30

 The IWM Russell 2000

 QQQ/ NASDAQ 100

 AAPL

 Now for their 3C charts, XLK 1 min has called this gap very early as a false move seeing distribution, thus my earlier call to fade the gap.

 XLK 2 min is leading, so things are getting worse and distribution is picking up on a false breakout which is part of the reason to stage a false breakout

 XLK's major trend in the swing move has confirmed the bearish nature of the wedge and what t was being used for, distribution.

 Look how far XLK's 15 min chart has led negative in just the last few days!

 And the long term 30 min trend.

 XLF financials seeing distribution today

 Again the 15 min is leading badly on the breakout

XLE's longer term trend....

It looks like trouble and this area looks to be the same false breakout JPM printed, JPM is in a way a blueprint for not only what I expect, but what I have suspected.