AndyM
Short

S&P reversal initial devt - going down to 1800.

FX:SPX500   S&P 500 Index
Here's a quick labelling of S&P             first wave of decline, we see the first minor impulse and a correction. All this is the most minor degree - there will be more, and we will see larger and longer movements as we see the decline unfold.
Shorting right now is a good option, I placed my shorts using Sept'15 and Mar'16 futures , stops above the latest top.

Since the end of the ascending movement was in the form of an ending diagonal , I would expect the correction to its origin unfold pretty quickly - within 2-3 months, which will bring the price to 1800 or lower.
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