Posted 9:30 AM ET – Expect a choppy downward bias at least until the July FOMC statement. After big moves down, expect a bounce that lasts a few days. That means you have to keep your trades short term. Short stalled bounces and take gains on deep drops. The issues that have been plaguing the market are not going to be resolved this summer. Economists are lowering growth projections for China. Covid-19 is spreading in Beijing and GDP growth of 3.7% is expected for 2022. The PBOC is concerned and they cut rates when the rest of the world is raising …