Short term update

We have already 90 points drop which is the same size like the first wave lower which started on 22 May. Bounce should start??? Of course it is too early for long trades.

UPDATE: we have the bounce, the path which I see is shown bellow. 1598-1608 is strong resistance and I do not see this move continuing above this range without some test of the low.
It did not play out exactly as I have expected, but as I said on the weekend the indexes are short term oversold and if you are a good day trader you can play the bounce.