Should consolidate in the thick Kumo.

FX:SPX500   S&P 500 index of US listed shares
208 0 4
Market is still bearish: heavy price action, increased volatility , long term deterioration. However technically the bearish momentum may slow down a bit and we can see some rather choppy consolidation in the thick daily Kumo before the next major leg... likely down

- Price as a falling knife dropped into the thick Kumo: Check what has stopped the move! It reached Kumo bottom by tick! Of course machines know about averages too :-). As you see Ichimoku and Heikin Ashi is powerful in the HFT             machines world too, as the machines were designed and programmed by human.
- Price is located in a thick Kumo, below Kijun and 100 WMA . Future Senkou lines (future Kumo) are narrowing. As you see the black horizontal line represents short term equilibrium around 2033.
The lower key level is 1993, the upper supp/res is around 2050-2060 (marked by Kijun and Kumo top)
- Heikin-Ashi is bearish , but watch out, as haDelta has reached a low yesterday, when price tagged Kumo.
- EWO             is bearish too.

- Ichimoku is bearish
- Heikin-Ashi is harder to read (mkt very volatile), but right now, short term it is less bearish , more like consolidation.If haDelta/SMA3 stays above zero, then correction can extend towards 2040 or 2050. If instead of continuing up from here mkt sells off again, then we must see if mkt makes a higher or lower low.
- EWO             is bearish

Year end is going to be illiquid. Everyone is telling you lot depends on FED action and communication, but what exactly? I think there is only one question: can day avoid an imminent breakdown of 1993 support and a collapse now? Can they lift market back up to 2060 or 2080? Because I really believe, that later in 2016 market will go more bearish , regardless FED action. However short term I think it is wise to reduce a bit shorts, or at least trail stops, as we'll probably see higher levels to re-enter again.
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