S&P500: 1424 gets 'bettered'; so what gives?

Philly Banking Index ($BKX): Daily Close @ 12/11/12

The S&P500 'negates' the immediate 'Bearish' prognosis, yet the banks that should benefit from the rumored FOMC/ FED announcement that another $45B/ month in QE is 'due' tomorrow.....fail to join the > 1424 'party' (note the indecisive pattern 2 days running).
That makes for a cautious stance as the year-ends......Santa notwithstanding.

NDX100 'Risks' appear obvious..........

NDX100 Daily Close @ 12/07/2012

It would appear that the 'balance of risk' is skewed to the downside.
Apple's chart looks like a Bear Trend; the S&P500 needing to stay below 1424 to add weight to the 'Bearish' prognosis.
USD Index 'strength' and a potential turn lower for the EURUSD are coinciding with this 'set-up'.
Something's 'up' & that does NOT appear to be an appetite for Risk.

Where the 'Apple' falls...can the NDX100 be far behind?

Apple (APPL): Daily Chart Close @ 12/06/2012

The impending Negative Cross on the 50/200day SMAs is now hanging over not only Apple; but the NDX100 (APPL: 15% Index).
Whilst Friday's Non-Farm Payrolls are the major catalyst for markets in general; Apple demands scrutiny as its influence is substantial both in weighted terms on indices (NDX & S&P500), but also in 'sentiment'.

NYSE/ S&P500/ Small Caps all 'reverse'.........

NYSE Daily Close as at 12/03/2012

Note the Outside Down day Monday; the 'higher high/ lower low' (AKA: Bearish Engulfing Candle) from Friday's trading with a negative close.
Bearish.....period.
The S&P500 + $SML (Small Caps) both confirm, only the NDX100 not joining the 'party'......yet.

NDX100 & Small Caps do what they are supposed to; but....

NDX100 Daily Close @ 11/30/2012

Equity Markets took their early week pause; pushing higher into Friday with the NDX100 & Small Caps both outperforming.
Only 'wrinkle' is the consecutive days; Thursday & Friday, with Indecisive Candle Chart patterns for the NDX100. This suggests the potential for a larger 'correction' of the rather fast 8% gains.
There is also a GAP @ 2604.50 that needs attending to: a 'closure'.