SPX bounced again today at the yellow midfork. The red upper fork line was also tested, and that is typically a very strong resistance.
The configuration of the turquoise fork looks complete and favourable for a decline now.
The symmetry to either side of the cycle line looks bearish. There should be a final plunge from 6 down to point 7 which is equivalent in the symmetry to the August panic lows. Notice that point 7 is below point 5.
The last week appears to be a broadening top formation - a sign of increased volatility to come.