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.