Watching price levels on SPY/Futures closely

SPY is starting is breakdown, been waiting for this Bull trap to start taking shape. Artificially propped up market with unprecedented levels of unemployment, no end in sight for Corona....

Price never got to the Golden Ratio which is what I wanted to give me higher confidence on my PUTs, currently price is getting supported by the 0.23 retracement line. If this breaks, looking to finding new support somewhere around where I drew the white rectangle.