SP 500-1340 remains the key

Will the SP 500 hold 1340. Technicals on bonds and stocks are not positive. The retail money is not entering the mkt-why? because they have none. They are busy paying off mortgages, car leases, and credit cards. The last thing they are doing right now is saving for retirement. On top of that, levered money is deleveraging-more pain to come. Mkt not yet at the slam bids everywhere stage, but there is plenty of stock above the mkt.