Channel Changer?

Click charts to ENLARGE.

At the end of the day, we have to trade prices not excuses. The trading account gives an immutable representation of 'correctness'; we are 'in sync' with the market, or not.

The SP500 ETF (SPY) shows a down channel, volume has increased on the downside, and the MACD shows the long line (red) down, although bulls look to trade "in-between" and expect a 'hook' with futures up.
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The "triangle" space is pretty small.
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New highs and new lows are both tiny, Worden T2108 (stocks above the 40 day average) is low, and the SPX stochastics oversold is at 49%, all ripe for a reversal. Bulls will say, "aha", we have held 880 (with a slight delay) and bears respond, "technical correction".
The Commodity Research Bureau Index...good things come to all who wait, or a retest of something worse.

Will a superhero fly in and rescue states, municipalities, and the US government from themselves.
Walt Kelly's genius.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.