Down to 1210

I write this with the e-minis trading around 1224.  From the day's high at 1237.50 the market has declined steadily on high volume.  I think this means that the 1216.50 low will be taken out today.  My best guess is that the market will stop above the July low, say at 1210 or so. Then I will be looking for a move back to today's high and eventually up close to 1280.