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E-mini possibility... Channel up, then drop BIG!

S&P 500 E-mini terminer (CME_MINI:ES1!)  
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CME_MINI:ES1!   S&P 500 E-mini terminer
Support and Resistance Fundamental Analysis emini S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) recession correction trend DROP long-term
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supportandresistance fundamental emini spx500 spy recession correction trend drop long-term
Hmmmmmm! So, I was charting and thinking... Is it possible - considering the difficult time the S&P is having breaking through the long term up trend - that it simply stays in an ascending channel underneath the trend until it reaches the all time highs, and then DROPS like a ROCK? I think it's entirely possible. Until (or IF) the up trend is broken through, I'm going to keep this theory on my radar. When the time comes (if it comes), I may short SPY and ES long term. Because, if it drops from the all time highs after never breaking back through the up trend, I think it's going to drop HARD! Now factor in all the fundamental uncertainties, and this theory becomes even more plausible!
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