The SPX declined below 1330 which indicated that a move lower towards 1300ish is very likely.
My preferred target area for wave 2 is around the 1300 level. There the market should find support and then start wave 3 up to 1400+.
Should we get a convincing break of this level though then I think wave (2) is still underway and maybe after all we still get to my 1220 target.