New low incoming according to price action rules

Break of channel is usually followed by a new low in the price action trading world. Expect a reversal here in the next few days.
The bar is also up against the EMA which can add to the chances of a reversal.
Chart PatternsESSPX (S&P 500 Index)S&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) Trend Analysis

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