SPY trend channels indicate a short

So today we needed SPY to close higher then what it did in order for their to be hope for a continued upward move. unfortunately we were up by a decent amount only for the sellers to take control toward the last minute of the market. tomorrow buyers need to retake control and make an attempt to move SPY above 350 to get spy out of the possible downward channel that is possibly forming. we can see that for the past few days now Spy was making a decent move up into the new channel displayed in blue. it recently moved out of the channel. as mentioned before if spy ends up closing above 350 i will hold of shorting spy. If it fails and volume shows to be weak i will take a shorting position for a possible sell off either thursday, or friday, which will most likely be the beginning of the 3rd wave making it be a bit tough for the market up until election day.

good luck everyone and make sure to do your own research. let me know what you think and what i might have missed.