The S&P 500 Futures and overall market remains in a downtrend. With many experts calling every previous low a bottom is curious. It's generally accepted that picking bottoms is a losing proposition but yet, the "smartest" analyst engage in this practice. Far more money is made by riding the trend. I have said many times that this is a good time to be in cash as the market is way too volatile which sets up a unfavorable risk reward ratio. For active traders that can watch the market regularily I'm looking to go short the S&P 500 futures 1271.75. Wait for a setup at this price level, particularily around 10:00 am ET after GDP and consumer sentiment reports are in the market.