S&P 500 BEARISH for week 27 - 31 JulyS&P 500 IndexCBOE_DLY:SPXchris_kehl_insightbb_comThis upcoming week is Bearish for the S&P 500. From what I'm looking at we will possibly close the week with a 1.75% down from where we are now dropping to the past 1.68 fibonacci retracement. Blowing past that we will test that long sideways trend of $7000.00. My long term outlook for the S&P is we go back to $7000.00 before we move upwards again. This week is a BEARISH outlook. Until something changes plan on a downward trend.