SPY - SPX - Bear Market has started!

Where is the market headed in the next few years? Well, we can take a long term view and notice that the channel that the SPY was in the past 6 years, has been substantially broke to the downside. Many traders are thinking that this is a great buying opportunity since "The bottom" on Dec 24, 2018 marked a low. However, many of us use the OFP (Old Fart Plan) and noticed the snap of the trend line .
Many times after a breakdown, the stock ( SPY ) will come back up in a retracement move just under the lower channel line in a fast emotional move. Although we are short term bullish , this move often "tricks" traders into thinking we are about to start another rally. We've heard many rumors lately about SPX 2900-3000+ being possible soon.... yet we disagree and are in fact planning a short sell near the underside of the breakdown point. Please look for more charts to follow as we zoom in on this 3 chart story....