Where do I think SPX can go to?

My 2012 pivot calculations show that the SPX can go close to 1394, as of today (2/16/2012) the spx is around the 1350 level, which means the market needs to go another 3% to reach that level. There are so many bears out there thinking that the markets have rallied so much since January. It is possible that there is still more upside.

I have orders placed to short the eminis at about 1398. Until those levels, I'm hitting on my hands for the most part. One of my new year resolution for 2012 is to be more patient and wait for more strategic points to take on new positions. I think that this year, the volatility will much less than the past 3 years. Already the VIX has fallen below 20, which have not been seen for several years.