S&P 500 bouncing off bottom of March rally's trading channel

OANDA:SPX500USD   S&P 500 Index
The green channel is from the March low. Right now it is right at the bottom but holding. FYI, the NASDAQ is below its channel.

Comment: Bounced all day just waiting for that stimulus news.
Comment: Broke below at 7:30pm. Will be interesting if it holds or jumps back by monring.


Why do you think bears can't get any further downside price exploration? Based on the chart, the S&P will have to decide what it wants to do very soon.
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