I added long position yesterday rather than short as the system was indicating possible technical bottom. It was due for rebound but I don't think the market bottomed out fundamentally though.

See the chart below...
I think it could be more of scenario 2 case rather than 1.
For the Scenario 1, the market needs a lot of support from every where including Trump, Xi and Fed.
Without major support from above mentioned parties.....it might be short lived pop and will be heading to 600 Bottom.


System Wave Chart is Upside Down Chart. Top and Bottom location is reversed.