Short

S&P 500 goes back below 2000 points

To complete the cycle, the S&P 500 is poised to trend lower until the end of October or longer. Profit taking and bad reports about missed earning estimates can increase this downtrend, if the 100 day SMA isn't broken bullish and instead creates a "kiss of death".

Short entry: 2027
Stop loss: 2065
Target: 1890

My last two related charts:

Game plan if the FED delays the rate hike until December 2015

and

Fed Leaves Interest Rates Unchanged: The Potential Path Forward

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