Range bound action
Don't think beyond 3-4 days is the message of the market. That has been the case for entire year.
Lot of people on short side got excited on 50MA break , but that was a mini trap. Unless you closed your 3 days shorts early, many reversed.
Bounce does not mean start of new bull phase. That will depend on breadth thrust.
More likely weak, low volume bounce for this week.
Volume on Wednesday and Friday will be very low.