SPY long term channel

Channel from the high and the low in a downward angle, currently we are in a uptrend. Ultimately I personally think if we hold vwap (purple line) we mayonnaise test the top of the channel. If we loose vwap things could get ugly. Majority of the technicals look good but any economic data or news that’s is bad could change everything in a matter of minutes. Play it level to level dont predict just react and trade. The daily RSI is pretty high so expect large moves up until it crosses back down from being over bought.