Another Covid Crash?

I'm seeing a lot of similarity between the Covid crash and current day.

WHAT HAPPENED DURING COVID CRASH:
-Closed red at the end of Friday
-Gapped lower on Monday
-Broke support levels and then smashed through the 200 EMA (4H)
-Retested the 200 EMA (4H) but got rejected
-Dropped another 30% before bottoming out

SIMILARITIES:
-This Friday we closed red and we broke down from a multi-month rising wedge
-Bump in volume similar to Covid crash
-RSI value similar to Covid crash
-Bearish divergence similar to Covid crash

KEY TAKEAWAY:
-If on Monday we gap down, then we need 200 EMA (4H) to act as support
-If we break that, then the likelihood of another crash increases
-A pullback of similar magnitude to the Covid crash would take us down to $280 for SPY (seems to be some support there)