Maintain my call for a mid-term correction with duration may extend 4-8 weeks and the target may be 1312 .
What we see after last 4 days? The two days pushed down was not strong enough to repay what the two day rebounded made (unable to make a lower low)! That's why we might see a rebound that keep the index in green today.
One support to a rebound is EUR/USD might targeting 1.3179 if it follow the descending broadening wedge. Another support comes from a big bounce of the Europe markets at the moment. And last is that markets are not always simple and easy to most of players.
Seems that SPX is in the forming of a Continuation Wedge (Bearish) that favours high odds to resolve the price to the down side.
I expect that the rebound if any will be limited by zone 1390.00 - 1397.60.