About a month ago, we predicted that S&P500 would be heading to the 2018 low. After a dead-cat bounce, we are still looking at this scenario.S&P500 Daily Chart(click to enlarge)Bears in Control:- Price action in the past month suggests bears are still in control.- The rally from late October to early November came up and found resistance at a previous resistance pivot. - The RSI came back up from below 30, but failed to push above 60. Now it is falling back towards 30, reflecting maintenance of bearish momentum.- This price dynamic suggests S&P500 will be pushing towards the 2530-2550 area (2018-lows). - For now, I would limit my bearish outlook to this level and anticipate some "sticky" price action after price gets here.- In other words, we can anticipate a period of consolidation after the current bearish swing brings price to the 2018-lows.