Bearish formation across the indices

it seems that bearish formation can be seen across the board, will it bring about a larger correction this time? anyhow, large bearish outside candles seldom fails. I would expect more corrections to come if we see a strong close by the bears this month.
*above is the monthly chart of SNP500 and DJIA

Bearish scenario remains intact with EUR/USD

The EUR/USD made a sharp turn down early this month following concern of possible contagion in the EU nation. Dropping on an average of 200 pips per day, the pair now trades below the april 2009 lows at 1.2836 at the time of writing. The immediate resistance would be seen at the 1.2880 area followed by 1.2900 and 1.3000 psychological levels, i would expect stale longs to liquidate again when it retest the 1.3000 area. EUR/USD now is bearish and further pressure might be expected in near future unless we see the pair trades back well above 1.3000