4 Hour S+P 500 Chart "continues" to look,and act bearishly. I have marked the chart shown with a "descending megaphone""pattern so you can better "see" what I am referring to.
Should this pattern decide to "open up " to the downside... the immediate thrust out of this pattern could be violently acute.
And just because it didn't happen today... doesn't mean it won't happen tomorrow, Caution advised.