Anything Is Possible

We have been respecting this channel since 4K and are currently hitting the ceiling. A break above this channel would mean a manic rally but if we hold this trend line a retest of the lower trend line is likely and we all know channels don't last forever, that would point us towards a breakdown from this channel that has supported us since 4k.

In my opinion the higher probability outcome is finally leaning in favor of the bears.

Disclaimer: Not financial advice merely my opinion