The short term future of the tape will depend on the outcome of the AAPL report tomorrow after the close. A good earnings report, and these levels should rebound from the edge of the Apocalypse. A bad number from AAPL, and the market will have the negative catalyst it needs to break and go lower.
The $SPX is looking for a reason to go down and tag 1375-1380, maybe AAPL can save the day.
A miss by $AAPL and there is a good shot the 570-580 level gets tested.