S&P 500 major break

SPX just broke a major channel, this channel goes all the way back to the lows from march 2020, meaning it has been in play for more than a year.
This break is extremely important in my opinion, and a big drop is could definitely take place in the coming weeks.
We could easily see the S&P pull back 10-15% with the 1st target being around 3800 at the 200 MA.

We have many other signals indicating a "crash" is coming (most importantly the lumber/gold ratio which crashed), so this is not a time to swing for the fences.

Just watch out, the coming weeks could be brutal.

Any questions?

Good luck traders
Remember not to break your rules

Habib