Hi Sierra,
Can you give some insight as to why you think the SPX will fall to 400?
Is it based on T/A cycle analysis / EW Count etc.
The channel that you refer to is that an upward channel from the 21 Nov low, intersecting with the 21/1 & 23/1 lows?
If so, its right below it, if it was to double top with the 6/1 high then it would shoot through the channel.
Cheers
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