corrections seem to be the up waves and the impulsive waves seem to be coming going downwards.. the EMA's are contracting together setting up for a move. The EMA's also have flipped to a bearish setup meaning the 55 EMA is on top of the other EMA's... Looks like the bears are still in control, but we still have to see how this plays out. These are just my current thoughts on SPX, and what my TA is telling might be happening.