Short Term Support for the Broader Market?

The daily chart (source: TradeMonster platform) of SPX (S&P 500 Index) shows that the market correction over the last couple of weeks found some near-term support (in the 1175 area). However there is heavy resistance in the 1220-1230 region and we should be cautious as we approach that regime. I expect the market to test that level in the near term. However, the trading will most likely be choppy.

I would also like to point out that the VIX at this level (18.04) and is close to support. So you may want to buy some protection now when it is cheap if you have a lot of long exposure.