I am amazed by the market's intraday swing these two days.  The high volatility will last for a few more days and weeks. In short term, S&P 500 might be able to bounce to 2090/2100, but once it gets there I still think it will pull back to below 2040 sometimes before the end of July. Maybe at that time equity market will finally bottom and can get sustained bounce. So for now I will short when ES go to 2090, and buy it when it drops to 2030/2040.  It's trader's market for now.