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I'd say it matters but

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Harmonic Patterns Chart Patterns Parallel Channel SPDR S&P 500 ETF (SPY) 500 Bullish Patterns Bearish Patterns support resist entry LONG
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trendanalysis harmonicpatterns chartpattern parallelchannel spy 500 bullish bearish support resist entry long

honestly does anything matter anymore?...

anyways, point is we have entered the channel occupied pre-covid. We have already hit it's ceiling (see hand pointing)

Now we test the bulls. If support holds mid-channel. we will probably begin an attempt to enter the sur-channel region, just above the 230's.

I believe we won't initially hold 310 however, given the psych-influenced support built around whole numbers especially round-hundreds. this will also toss creedence to the 50 period ema which is sitting comfy just above the channel floor.
Komen:
I meant 320's, not 230's.
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