Stock markets around the world look set to fall further. I have been chopped out for two losses trying to catch the short side of the SP500. This week it completed the H&S top again. Since I already took two shots at this trade, I am not willing to try a third.
The Russell 2K looks set to complete a small descending triangle. I will be looking to go short with a break below 1900.
A look at world markets shows major indices have put in tops. I tried twice, unsuccessfully, to catch the short side of the Nikkei 225. The Euro stocks had much cleaner breaks. 
The developing world also shows similar tops. In order for me to become bullish on stocks again, I would need to see them re capture those former support lines. For now, I would advise to stay out of stocks. The big tech stocks look disastrous.