Major wave A of the bear market is over (bottomed in Nov) and we are now in Major wave B of the bear market that could retrace 38% to 50% of Major wave A; this would take the SPX possibly to a target of 1060 = 1150!  However then a devastating wave C decline will begin.

Also 60 period stochastics could make it up to about 50% ultimately as well as RSI to 50%.  This 60 period stochastics is a useful indicator on 15 min charts, weekly and daily charts. One thing to note is that the 60% stochastics is sill below 20%!

If the SPX manages to retrace about 50% of major wave A and the 60 period stochastics gets back to near 50%, it will be a screaming swing trade.  Notice how the 50% level on the weekly chart is 'key' to the 60 period stochastics; i.e. in bull markets the 50% level is support, but in bear markets it is resistance.

Here's a chart - weekly SPX chart with 60 period stochastic and 34 period RSI

Next here's a daily chart of the SPX from the last bear market .  Another target to the upside could be the 200 day EMA.  Also notice how once again the 60% stochastics was very useful at this time as well; a sell signal would be generated by the daily 60 period stochastics getting above 80% and then the sell trigger would be a cross back below 80% - again this is for the daily chart.

However please realize that even if the SPX made it up that high, it will not be straight up, it would likely take several months and would be choppy and of course the 38% retracement would be the first major target and it's possible that that's all we get, too early to say.

Also very important that if per chance the SPX and general market managed to retrace about 50% of major wave A, realize that psychologically it would feel very good up there and all the pundents on TV would be bullish etc, but you have to go against the grain.  I think you could enter swing trader shorts and then just turn off the computer for a while and go on vacation