SPX is approaching near the red horizontal, and there is a decent bounce shown in the Cycle from that level.
According to the Cycle, expect the market to move much more aggressively going forward.
According to the large Cycle, SPX is in the process of dropping to test the white trendline from the March 2009 SPX low.
The Deja Vu Cycle expanding formation is shown with the red lines. Notice that there is an overshoot of the upper red line at point A. Then the Cycle declines to test near the red horizontal with a bounce from the horizontal level.