The SPX rallied to the resistance at 1226 yesterday and closed the open gap. From there it sold off a bit and then traded between 1215 and 1220 for the rest of the day.
Not much has changed. The short-term trend is still down and important support is at 1200ish.
The downtrend channel looks even better on the ES:
Bears have the upper hand as long as we stay in this channel.