The major U.S. stock indexes are in solid price downtrends, which suggests the path of least resistance for prices will remain sideways to lower, until a significant technical development occurs to suggest otherwise. The major indexes are also at or near 20% declines from their most recent major highs. Twenty percent off the highs is what most stock market watchers consider a bear market in equities. For those early chart clues on potential price trend changes in the stock indexes, as well as other markets, make sure to keep reading my afternoon daily markets reports. Stay tuned! —Jim Wyckoff