S&P 500 finally broke down to 2070 range today. The selling is so slow last few days, and equity index is already getting oversold.  It looks like it will be ready for some short term oversold bounce.  I am not expect too much movement in either direction. If S&P500 can bounce to 2095/2105, it will be another short opportunity.

I still keep S&P 500 downside target around 2040/2050.  If it can't get there this week, it will get there later June. I won't turn bullish until I see this price.  The standard way is to have some panic selling to build the base, and then big rally can gain momentum.  If there is no more selling, the upside will be very limited.