SPX500 - Bearish bounce inside descending wedge, more downside?

SPX500, not a ton of volume, but has clearly made a higher low and bounced off the top of this long term trend line. Looking for a new low somewhere around end of January then decision time from there. Of course any of this cold be invalidated with a massive move either direction.

I would be careful listening to the news, as they seem to only be able to come up with reasons that something happened after the fact. Charts tell the true story.