Another short term oversold rally

Since last update (and using the chart from the last post), the SP500 did rally to and break above the green line to 1345 and then went back down with heavy selling toward the red line with close today at 1286. At this point I'm expecting another short term rally that should last about a week or so and with gains in the 2% to 3% range (probably below 1330.) From there should expect one more selling to push the SP500 back to retest today's low of 1284 (and likely brief break below it.) So could be looking for a medium term bottom by late June or later and afterward a summer rally attempt to break above this year's highs.