So despite the retarded upside opening, this bounce fits in perfectly with a subwave ii scenario. The ideal price target would be 1212-1223ish.
Then the market would again rollover and head lower under 1150SPX and possible setup for a point of recognition in a "third of a third" (specifically  of iii of (iii) of Minute [i] of Minor 3 down.
Overall count on the daily:
The weekly shows the overall battle between support and resistance.
SPY Count. Note the opening volume ratio, etc. It calmed down a bit by end of the day.