Seems we have a bit more downside to this trend.

Lower highs and lower lows are never a good sign. Couple that with the hawkishness of the Fed and look out below. Geopolitical events are still weighing heavily on the markets, although on a short-term basis, these events are likely already priced into the market as volatility has reverted. Please note, the views from this post should not be misconstrued as investment advice.