The June e-mini S&P stock index futures prices are in a downtrend, as seen on the daily bar chart. The recent “collapse in volatility” in the index, which is defined by at least three price bars in a row being much smaller (smaller daily trading ranges), suggests a much bigger price move is on the horizon. Given that prices are in a downtrend, technical odds favor the bigger price move that is likely forthcoming being on the downside. Stay tuned!