US100 in a strong bear channel

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Right now the channel is pre-dominant.
We can expect it to move up to 12,235 before comes back down to 9,000.
Bearish
Concerns, if for some reason things start showing glimmer of hope, it could be forming a W Formation which the price can break up and will send the price to near highs for the year. But right now, with the channel in play, bearish is more dominant.