SP500- We can have a bounce, but the outlook is bearish

In my previous SP500 analysis I said that I expect a break under the channel's support and that my target is the 4250 zone.
At this moment we have this break and we are halfway to my target. A bounce now is not out of the question, but this (in my opinion) doesn't represent the resumption of the uptrend, but just a corrective rally.
Bears can look to sell rallies around 4500 and slightly above and only SP500 back above 4700 would put a pause in this bearish scenario.

Things are looking even worst on the weekly chart:


SP500 has started the year with a strong bearish engulfing and all 3 weekly candles this year are read, with a very strong one last week
I would be surprised at all to see SP500 trading under 4k in the half part of the year

Good luck trading SP500!
Mihai Iacob