Quantstamp - trendlines and channels practice. Lovely trendline

Updated
Still learning basic TA. This trendline is beautiful. The channel looks ok to. is the recent lower high a concern?
Note
Ouch. Something turned the market red today, and that smashed QSP out of my channel. Bounced of the 2040, but is that a dead cat bounce?

Will it bounce back to the channel at least before plummeting?
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