ES_F We will find out pretty soon if the old channels are intact E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Chimbarosa First things first, I am not calling a top. I just want to share my thoughts. After every correction/ bear market a new channel emerges. And at a certain point the market has to decide, if he's gonna stick to the channel or if he switches to another channel. This is mainly done by another correction/ bear market. Hence, if we stick to the white channel, we are still 8% away from any possible consolidation/ correction. If the green channel has still any meaning, we are just 3% away from any possible consolidation/ correction. But if the turquoise is still in play, we are just 1% away from a possible consolidation/ correction. Let's stay nimble.