Are The Bears Beginning To Take Control Of Stocks

Above is a daily chart of the S&P500 over the past 6 months. As you can see the market is now beginning to show an increase in volume on the down days which in my opinion is a sign that stocks may be in trouble. You'll notice the trendline is very close to being tested and is within a day's range away.

Given that we are seeing an increase in volume on the down days causes me to lean towards the bearish side and I expect the trendline to be broken.