Here is an update on the sector behavior:
There is nothing bearish about this. Small caps and Energy are a week away of issuing their own positive crosses. Compare this to 2008 were virtually nothing (save Staples and Utilities) had a positive cross even on the large 2008 correction back up.
But this is the same topic that I have been discussing for months. Please see this post: Long Term Technicals and Macro, which has links to a lot of good studies that I did specifically on this point going back to August.