Don't be fooled by the short market rallies (Worse is still...)

In my speculation based on the 2002-2003 bear market and 2008-2009 stimulus package, I believe we will see either a short term market rally anywhere between 2600-2900 or some stability in the index around 248-260 for the next couple days. We are at a very high bullish percent of 75 meaning we are at very high risk to enter back into a downward trend if the data gets worse and bills stop being paid.

S&P can and will be around 1800 support or 2009 support best-case scenario in the coming weeks.

If you guys like my brief analysis I am willing to give an analytical approach but kept it very basic and laid back. Important to understand that even with market rallies in 3 out of the last 4 trading days dating back to last week are still just above the downward trend of the channel