Major Short-term Support @ 1618.30

Major Short-term Support @ 1618.30, made of the previous channel top on the 4H chart, plus the 50% retracement for the last up move. We have been dropping fast for the past couple of hours, and may get to this level in the next few hours. In case we test this level today, the direction away from it (up or down) seems like it is worth following.