Ignoring the noise, and just looking at the technicals, the SP500 should drift toward 1180.
But as I have consistently stated before, if the market starts to close above 1220, the negativity will begin to shift, and the top-down aggressive slowdown argument will begin to shift.
And just a side not on AAPL. Looks like it managed to maintain its momentum support. Tomorrow and the next few days should be interesting.