Monday Market Outlook: Ben Lichtenstein advises traders to brace for highly technical, bearish week on the trading floor

Every Monday, Benzinga Radio brings you trading intel from the floor of the CBOT with TradersAudio.com's Ben Lichtenstein.

Some of the items on Lichtenstein's radar this week:

-Crisis in Europe still primary cause of negative outlook
-Large potential for further downward movement, despite high selloffs last week
-“[Last week's] Failure to migrate value higher from that balance area between 1200 and 1100 into a smaller balance area above the 1200 level … opens up the doors for the bears.”
-“If we can't start to establish value at higher levels, when we start to work our way back through the value areas that have already established at lower levels, the retracement happens much faster than it took to develop.”
-Watch for a number of important economic figures, including retail sales, jobless claims, and inflation indexes