time for a bounce?

The Market has taken out the first support, now the gap from yesterday is the second support, price is trapped between the two and it's about time for a bounce.

 You can see the trading range has been getting tighter this a.m. which typically represents an area of a bounce or sometimes a reversal.

 DIA 1 min.

 QQQQ 1 min

SPY 1 min

The more important timeframe is the 5 min. which shows distribution in the long and short 3C indicators throughout yesterday and today starting around the top of price yesterday