SPX bounced on 200MA. A short relief rally before another dump?

SPX bounced on the 200MA on 1 Week chart. Huge support. Should have caught this before. This looks like a good bounce, but we are no where close to going back to the bull run. We are currently on a trending resistance. I'm no genius, but going back to basics - world market is in crisis, US debt sky rocketing, we broke the parabolic rise of markets and all markets entered bearish territory. 2019 will be a very interesting year. Let's be cautious and keep our heads level headed. I'm still bearish mid-long term.