2011-07-30 - sp500 - it's not the end of the correction?

We can see strange situation on daily s&p 500 chart:

5th wave height didn't brake the 3th height. this situation can take place in impulse, however I'm aware of the fact that correction is not done, and s&p 500 is going downwards to the new minimum.

At this point we have three posibilities: sp500 is gaining value and makeing new height (whole structure is the first wave of new uptrend), sp500 is losing value and is making new minimum (correction is not over) or sp500 is losing value but not forming new minimum (wave D is first impulse, and then is corrective wave 2).