This is a follow-up to yesterday’s Near-term Outlook for U.S. Stocks video. While that video focused on technical developments & likely scenarios based on the daily & intraday charts, this video looks at the big picture from a longer-term perspective while analyzing weekly & monthly charts spanning years and even decades. Essentially we have all major U.S. equity indices trading well below their cyclical bull market trendlines (bearish) although the long-term trend indicators remain bullish (i.e.- yet to signal that the bull market is likely over).