Check out the following charts of the S&P 500, the Dow, and the Russell 2000. As per usual, click on the image to make it large and legible.
I added the current trend line in Grimace purple. Notice that every time the bulls have tried to rally, the downward trend prevails.
S&P 500:
Dow 30:
Russell 2K:
Much like fashions, trends don't last in perpetuity. However, the current downward trend doesn't seem to be going away anytime soon. This bear market ain't a Members Only jacket or a pair of Crocs.
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