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[SPX] Wedging Into Bottom Half of Local Down Channel... UH OH!

This orange horizontal trend channel is pretty powerful.

Probably this mid-channel downtrend and local trend channel wedge will spike price back again to the channel top before it reverts back to the mid-channel and 5Y trend wedge where it'll finally break under.

I expect this to break downward around the 22nd, in line with the UVXY S/R convergence...
[UVXY] Crawling on the Down Channel Floor... 2H MEGAPHONE!
Chart PatternsFundamental AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

Data analyst with a passion for best fit lines B)

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