The U.S. stock indexes are presently trapped in the technical grip of a big bear. See the steep price downtrend in place on the daily bar chart for the e-mini S&P futures. Importantly, the general public and traders and investors’ perceptions of the human and economic tolls of the Covid-19 near-pandemic are darkening by the day. Traders hate uncertainty, and the marketplace still does not have any grasp of how the coronavirus situation will ultimately play out from a markets perspective. Such fully favors the bearish equities camp.