S&P500 @ the 50day SMA; Indecision abounds?

S&P500 Daily Chart @ Close 09/06/2013

The true intent of global equities remains a mystery as QE 'tapering' gathers steam with 10yr US Note Yields closing out the week above the critical 2.85% level.
A resumption of losses in equities after Friday's wide ranging Indecisive Day would be of no surprise & could turn ugly quite quickly.
That said; the EM 'space' seems oblivious as Brazil scoots 7.48% higher on the week?