I haven't bought into this rally at all.  

First of all, it is a crazy thing to go chasing these massive gaps higher. "Buy hundred point gaps higher"...Sure - no problem! 

I'll pass. 

Now you have a potential pain trade, because a lot of shorts have probably been squeezed out of their positions. No doubt they are probably itching to get back in them, while the majority of traders are riding the "hopium" wave believing the bottom is in and they should get long now or miss out on a massive bull market rally. I can easily see a lot of traders getting trapped here because the FOMO was to great yesterday and today. Be careful you're not one of them. 

First off, if there is a bottom in place (and nobody knows that!), there will be plenty of time to benefit from it. It isn't going straight to all time highs from here. Better to wait for ideal trade setups that offer the kind of risk/reward that limits the former and expands upon the latter. When you have 100 point gaps higher, that won't do it. 

Despite horrible economic news, the market has held its recent gains. 

If you wondered what it looks like to climb the "Wall of Worry", the stock market is doing exactly that right now, and doing an amazing job of it too.  Because the world is staying home to fight a pandemic, the economy is paralyze - but the market continues to hold the rally off of last week's lows. 

A lot of people think a bottom is in, I'm doubtful of that. 

I don't trust this rally one bit and what is interesting is how closely it follows the narrative from October 2018. If that happens, we will ultimately chop around for some time, before eventually seeing the ultimate rug pull that takes the lows from last week out, followed by a lot more selling.