trend channel spy.

Its important for spy to close inside the trendline it was in. if it closes out of the trendline we might see SPY go down another 2%. The voting decision of who will run the senate might be a heavy influence of where the market will head in the next couple of days. To be honest if it does go down it will only be momentarily as I see a sell off happening primarily over emotional decisions. ones those emotional trading occurs we might start seeing a steady uptrend and possibly volatility reducing.