The S&p futures seem very overbought but the long term cycles are rising until May 21st.

on the monthly, 1228 is the 68% retracement of the entire 2008-2009 down-move.

weekly –
1187 is the next target up. 981 will start a new downmove to 786.

Daily –
cycle pressures are now down. Trade pressures are now down.
the prior 1162 target area is acting as a pivot.

we still have the 1181 target on the upside followed by 1198-1209
and we have a short entry at 1149 with a 1069 target.