SPX is in a Symmetrical triangle, which is a bilateral pattern that might break out to the upside or the downside. However, SPX is under a heavy bearish pressure, that is confirmed after being unable to make higher highs once it broke out of the falling wedge, it merely reached a weak resistance and bounced back.So, My guess is that this symmetrical triangle is the bearish variant singling a continuation to the downside momentum. :)
