TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong.
Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area.
Again with such tight stop the failure rate is likely to be high, but potential reward is rather huge if succesful