[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...