spx has bounced off weekly 200ma awhile ago, and we also got rejected on the downward trend line many times. eventaully the down trend line will meet the 200 wma and will have to make a decision to break down trend line or break 200wma. i could see another bounce off 200 wma creating an inverse h/s, which its neckline also comes into confluence with trend line. but none the less some hopium in this strong downtrend. can't go down forever!