I expect a few weeks of consolidation, IF the index manages to close below the lower trend-line, before resuming its downtrend.
The final target is very hard to evaluate, and what the selling waves will unveil in the months ahead. But 1600 would be the first target, but one should not be surprised if you saw a 600-800 SP500 .
With the kindest regards,
Newcastle upon Tyne, England.
21/08/2015 11:59 BST