The break of the 1180 level, however hard to accept did seem to be indicating it was going to happen with the lower highs as it bounced down. The 1180 level certainly provided a natural bounce up to 1200 but the strong return of trend was its death knell. This 1154-1160 area is interesting because its at the .618 retracement of the 2009 low, and at a .886 confluence for a Bat. Coupled with the rising trend line may provide support been looking for.
Beyond that I'm afraid my bets are off til 1000 psych level / 944 at .786 retracement of 2009 low to 1924.8 high.....any thoughts greatly appreciated!