Today Nasdaq officially created a strong W formation as you can see by the GREEN line. Right now market is pretty strong as this day started out with Nasdaq actually going under the lower channel line but bounced up again. My bet is that it will slowly move up again hit the upper channel. Extra good news are that we also have reports coming in for a lot of the big companies, hopefully they're good which will give more steam. We have stimulus coming now(again), however if this stops coming the markets might take another direction, but lets see. I believe that even more shutdowns in US has been accounted for in the market, the biggest threat is therefore that stimulus dries up. Good news, Trump doesn't want that AND it would mean a complete disaster for US economy. This is kinda a "perfect storm" that I think no-one saw coming.
Good luck
Good luck