SPY : What the Euro can do to the S&P 500 ?

This is just a simple observation !! The Euro failed twice A and B on the red resistance and everytime time the S&P 500 has cratered in the following weeks (black zone)! We are now at point C. If this chart holds true, then the S&P 500 is on the verge of falling off a cliff in the next few weeks. Stay tuned !