Last week S&P 500 traded in the range of 2070 to 2110.  I expect the same for equity this week.  S&P 500 is oversold enough to have another bounce now.   I have the same view as before, if it goes to 2100-2110, it will be another opportunity to short against.  I still expect the final downside target around 2040/2050, but it probably won't happen until next week. So for now, I will wait for the  bounce to play out.

The saleoff since middle May is so shallow, and equity just can't sell. So as long as the downside target meet, it will be really good buying opportunity for a few months.