SPX BEARISH DOWNTREND $$$

As you know, the SPX tracks the 500 largest companies, and since it has been in a consistent downtrend since its peak, it is advisable not to open any long positions for the future until the bottom is reached. I have marked the important support and resistance being used to maintain this channel in order for you to use this chart as a bigger picture to correctly analyze the market and place long and short trades.