July 14 intraday market analysis

Right now, the entire trend fully matches expectations. The second piece has already added precisely at 1,747.
Yesterday it hit the top of the range box and quickly fell back under pressure. The short orders were placed at 1,848 but they didn’t get filled—somewhat regrettable. As of now, 1,750 and 62,000 are showing strong support. Today’s round of rebound does not necessarily mean a reversal.
At the moment, the script only has two possible outcomes: 1. a direct V reversal; 2. a real rebound that would require a further sell-off down to around 1,720–61,200.