That's one way to draw the channel. Below is another way to draw...

That's one way to draw the channel. Below is another way to draw a trend line that traders might have paid more attention to today with the sp bouncing off this line. Let's see if it continues to find support on this trend line in coming days. If it fails, then I'd guess we might close that gap after all but if it holds, a lot of traders waiting for that gap to fill might miss out again. Last time they waited for that gap to fill, they missed a trade that gave 100% upside in just a few weeks. I've preferred accumulating on the way down rather than risk missing the turn. In hindsight, I wish I had waited for it to hit that trend line before buying back in but that's trading. It's much easier after the fact!