$SPY testing bottom of channel

Updated
If SPY can hold this channel line today, crisis averted. Otherwise, next major support in the $370 area.
Note
Ticked the .618 for a minor wave 2. If 378.16 can hold and we close back inside the channel, then rocket emoji.

snapshot
Note
Closer look on the 4h. Loving this 1-2.
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Chart Patterns

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