This is how I am viewing the S&amp;P: 
As long as we are underneath the 200 day ma, getting rejected by the 50 day moving average, and leaking out of this bearish rising wedge, I am anticipating more downside. 
As far as I can tell, we are in a bear market. 

$SPY $SPX $ES $SPXU #SPX https://t.co/FRfUAe2j73