SPY -SPX Bear Market has started -part 2

As we zoom in we can see the importance of the former channel support line. It should now act as resistance on upward price movement. The interesting points of The Feb 2018 low and the focal point of the abcde correction seem to point to upper limits of the rally wave 3.2 (blue) expectations. Our first target limit will be the underside of the breakdown of the lower (black) channel line. We are looking for shorting opportunities there.