S&P500 1-month Channel Down topped. Sell signal.US 500 (per 1.0)TRADENATION:US500TradingShotThe S&P500 index (SPX) has been trading within a Channel Down pattern since the February 25 High. Yesterday's Trump-fueled rise stopped just below the 4H MA100 (green trend-line), which has been the pattern's major Resistance, and got rejected. Given that the 1D RSI also remained below its MA (yellow trend-line), we believe that the pattern has already started its new Bearish Leg. The first Target on the previous two Bearish Legs has been at least a -3.41% decline. That's why our short-term Target on this is 6470. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇