SPX Traditional view
The daily chart looks ugly! More downside expected.
The two hammers beside each other hints a very short-term rebound. However I personally expect any rebound would be short-lived.
Target of a bounce may be around 1370.80.
Elliot bearish view
There may be a bounce to 1370.xx to form an abc counter-trend waves pattern of the wave (II). This count needs that the bounce happening above 1343.13.