[Bearish Scenario] S&P Potential Top at This Multiyear ChannelS&P 500SPCFD:SPXAlchemyMarketsHey all, I'm walking you through a purely technical idea here on the S&P, where we're hitting the top of a logarithmic rising channel that spans from 2022 - 2026. More validity would be added to this "Topping idea" if the price goes on to trail higher, perhaps even breaking above the channel, but ultimately creating a: Bearish divergence Stumbling back into the channel For now that hasn't happened, but it is helpful to see this technical structure beforehand so you won't get caught offguard. Note: Bullish Idea is Still in Play If you're an EW trader, you could see this as a wave 3 of 5, meaning that S&P is about to break much higher than its current price level. Obviously, that would invalidate the bearish scenario. That's it, just a simple idea to bring to your attention. Trade safe and take care. - Yang