Maybe they will actually try to make it work for a bit. It will be very bearish in the short-term, and work into a larger decline with the rate hike coming in the December FOMC. But there are all sorts of support levels on the chart now, so we might as well use them.
Tomorrow morning, expecting that we will bounce off the 200DMA SPX and rally into Election Day this Tuesday. A Trump win confirms the bear and starts chopping us lower to a bottom around 1980 SPX the week of Thanksgiving.
The larger drama plays out through 2017 and into 2018. Not having World War III is actually comparatively quite bullish. Final low at the long-term trendline from 1987 (year).