The S&P 500 still appears to be in a trading range with 1270 on the S&P as support, and currently, resistance at the 50 day moving average of 1338. The S&P 500 is currently at 1315.
If the S&P 500 breaks through the 50 day moving average with volume and with good follow through days, next resistance is around 1400.
But until then, the US market is in a trading range (just right below the 50 day moving average resistance).
Today's S&P 500 Chart