S&P 1120 Becoming Too Obvious

It seems a lot of traders are cueing in on the S&P 1120 area as major support and expecting a bounce or a break depending on which camp they are in, which makes it too obvious.

Being nearly 80% of reversals start with a head fake in the opposite direction, it would seem that a break of $1120 would be likely with it being so obvious. If that should happen, I'll update whether or not it is a head fake, which I assume at about 80% it would be.

The red trendline is the level, not sure what that orange line is.