Similar downward correction as before. The decline could go even towards 1540, although I give more chances that it is over. No downward impulsive wave pattern means the downward move is corrective. Downward price action is overlapping, thus corrective. I expect prices to regain upward trend again. First SPX needs to break above 1598 and then break resistance at 1616. Important intermediate resistance level 1654 (High on day of FED announcement)