Short Signal at 1982

As suspected yesterday's rally was a fake out.

Failure at the mid-point and penetration through the 55 ema and gann support line S2 add to the ugliness.

Of course we are now due a dead cat bounce and a rally back up to the 21 ema (1991) would provide excellent short entry.

Chart of S&P500 for 26 September 2014

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