The next 10 S&P points are very important to this set of eyes. If we break right through 1165 and then 1175, both the 50 and 20 day moving averages will be penetrated and that whole mess last week will once again just have been a dream... it never happened. ;)
Once more, this is being done on non impressive volume.... back to normal.
(aggressive traders can lean against the market here with very obvious stop out levels just above)