E-mini possibility... Channel up, then drop BIG!

Hmmmmmm! So, I was charting and thinking... Is it possible - considering the difficult time the S&P is having breaking through the long term up trend - that it simply stays in an ascending channel underneath the trend until it reaches the all time highs, and then DROPS like a ROCK? I think it's entirely possible. Until (or IF) the up trend is broken through, I'm going to keep this theory on my radar. When the time comes (if it comes), I may short SPY and ES long term. Because, if it drops from the all time highs after never breaking back through the up trend, I think it's going to drop HARD! Now factor in all the fundamental uncertainties, and this theory becomes even more plausible!