Major Downturn Imminent

Over the past few weeks the market has shown signs of topping out.

It appears that were are extremely close to the top if my analysis is correct.

Consider the Slow Stochastics and MACD readings on the following major global stock market indexes:

Peripheral markets has already begun a downturn some months ago, now it appears that major markets are near the top.

The S&P 500 is arguably the king of major markets. 

Is it about to drop significantly or just correctively with a brief move to a higher high?

Either way we can anticipate volatility to rise substantially.