AUD USD 5 hits on the rising wedge/triangle

This looks really bearish to US equities to me.

HBB plays games on the weekend, and that is when Black Swans are delivered, on a cruise missile when you least expect it.

Consider that something like a Dubai notice of "restructuring", i.e. DEFAULT, or Greece shenanigans, or some country that hasn't even hit the radar screen, could play out.   

AUD/USD has been the best correlating pair to SPX of late.  Long's are closed, Short hedges no longer exist, so basically fully short except for some commodity stocks on long term horizons (hopefully not deep water so...)