This chart has 1 year high-low projected Fibonacci Resistance. Level 23.6 which is minimum pull back is @ 1282 which closely matches with last extreme high-low fibonacci analysis done in previous post at 38.2 level on 1284. So it's very high probability that SPX is atleast going to 128- level.

Second chart is about % ratio analysis between Dollar Index(blue), USD/JPY(Black), SPX(Brown) for short term. Since there was a clear divergence between USD/JPY & SPX we knew that SPX has to follow trend of USD/JPY. I am not expecting USD/JPY to break thick blue (ver strong support, level 108)horizontal line, due to strong bearish fundamentals on USD & market expectation of Bank of Japan to raise interest rate soon.Possibility 1:
USD/JPY stays @ purple trendline and reverses = SPX near 1276 & possible reversal

Possibility 2:
USD/JPY stays near blue horizontal (very strong) support line near 108 = SPX near 1290 & possible reversal.

Possibility 3:
USD/JPY stays near blue support line(108) & SPX goes near 1311 that will be strong reversal territory.