Classic uptrend channel in SPX weekly or above charts can be witnessed in the chart posted below and we are nearby obvious main resistance. What's your take on this formation ? How would you position yourself considering the strong uptrend has no immediate higher resistance since it's making all time highs. Can the uptrend end be predicted ? Will you wait for confirmation before doing so ? What are the chances the SPX goes parabollic and breaks out of the channel ? If doing so, what are the chances of it being a fake breakout? Trying to establish a discussion, please participate. Thank you for doing so.