es, spy, day trading for Mar 23rd 2020

After limit down the market got a big boost from unlimited QE, This QE was in place last week just the public and media did not pick up on that. so is this a real bounce due to large players buying or a retail reaction to old information. The opening should clear this up. The big boys could have used the $ last week and did not, so will they this week.
The next question is if they are going to move this higher will they not buy up large amounts of stock before creating the upwards drive, so what I am saying is a bounce could happen at anytime but we need to be ready for any type of move.
If we move back below the multi day distribution i can see us go back to the overnight low.