The global stock market complex has clearly turned downwards from the point we located a few weeks ago at 3020 on the S & p 500 with a 3050 limit. Over the past years the strongest stock market has been the US. Now that it turned downwards the weaker ones have taken the opportunity to accelerate their declines. Over the past week, all stock market indices have corrected sideways and consequently sentiment has calmed down. However, today's high at 3404 should end the correction and the downward bear market is now set to resume.