S&P500: Where to now?

S&P500: Weekly Chart @ Close 06/21/2013

Whilst a Short- term 'bounce'/ respite could be in order; given Friday's High Volume (not shown) minor gain, the bigger picture now is biased for a meaningful retracement of the gains from 1074 back in 2011.
They are:
38% = 1454
50% = 1382
62% = 1310.
Time will tell as the QE Exit backs up through the 'Looking Glass' out of 'Wonderland'?