I suppose I should have added that although it isn't the best...

I suppose I should have added that although it isn't the best scenario for a major low, it does suggest a more substantial bounce is on the cards.

The Fib lines shown are the obvious retracements.

Mclaren has suggested when approaching previous lows then 7 trading days up is not uncommon.

So now you are talking about a July 3 rally.

It is not uncommon to see a rally into the first day or three of a new quarter as pension money is allocated to shares and funds.

Nothing is guaranteed but history is a guide.