. monthly time frame. if you read my bio it says the market moves in channels. how do you know if a channel is valid? well price action needs to respect the channel at all levels. you see how spy respected this channel since the 08-09 aside from the covid crash. i think we will eventually hit the 50 ema as it creates a confluence of support with the bottom of the channel. also note the artificial rally looks like a flag pole. the channel correction lower looks like a flag. i know everyone screaming apocalypse. but we have survived far worse don’t let your recency bias blind you. once we tag that 350s region. i think we fly. but for now we’re at the bottom of the flag. so i think we fly short term anyways 🤣🤣. 