I do not care whether it's the end of QE2, jobs, Europe or a general investor awakening to reality.

The fact is we're experiencing a technical breakdown.

If you're in a buying mood, and I am) here are the next support levels I see.

DOW
Support : 10917
Fib 38.2 : 10440

NASDAQ
Support : 2460
Fib 38.2 : 2270

S&P
Support : 1172 (has been tested today)
Fib 38.2 : 1103

RUT
Support : 701
Fib 38.2 : 668

Note: Fib retracements are based on March 2009 lows to May 2011 highs.

Have a great weekend all!

Update : 12:44EST

ECB agrees in principal to buy Italian & Spanish bonds. More free money! Too late for European markets but the US is rallying!

http://www.cnbc.com/id/44035627

C'mon Bernake, time for QE3! Let's really kick this turnaround into gear.