The SPX declined another 20 handles today and is now already near the 1300 level.
I've been bearish since 1385 has been broken earlier this month. As we are at a crucial point here I'm now neutral and wait for the next move.
If we get a reversal wave 4 is probably completed and I'll go long...
... and if we decline even more I'll be on the look-out for a new short entry.