We believe that the S&P 500 has entered a downtrend
If we see bearish impulses with an increase in volatility, then price is likely to break the upwards channel and target the base of the channel
We are Bearish on the S&P 500 as well as the other Indices (DAX, DOW and FTSE)
Global stocks has been in a downtrend since June 2018
With investors fearing the next Economic crisis the Bulls are unlikely to enter
"Growth in the Euro area Economy is projected to slow gradually from 2.4 percent in 2017 to 2.2 percent in 2018 and to 1.9 percent in 2019"
Economists are estimating a slow down in the Global Economic Outlook.