Here is an hourly chart showing 24 hour trading in the e-minis. The market broke sharply on the consumer confidence news this morning. But so far it is holding just a shade above the lower bullish trendline and above the last low on the way to the high (red dash line). The drop from the 1112.75 high so far has also been just a little smaller than the last two substantial reactions in the up trend (purple rectangles).
I think the drop from 1112.75 is nearly over and I doubt the market will spend much if any time trading below 1092. Even if I am wrong about this I still would be looking for a higher low near support at 1076 (solid green horizontal line). This is not only the level of the top of the initial part of the rally but is also the midpoint of the entire move from 1040 to 1112.
Once this reaction is over I will be looking for a move to 1130 and eventually to 1200.