the all time high in the S&P was set last week at right around 3980 which was only 20 points higher than the prior high of February prior to the selloff.

That means that the actual passage of the stimulus of 1.9 trillion was only good for 20 more points in the eyes of the market because it was baked into the cake. The news was anticipated, the catalyst has occurred, and now the market has more downside ahead of it than upside with no upcoming stimulus planned in the next 6 months.

look out below