Interesting fact about this correction lower from 134 to 122 is that this is the first time in a couple years that we actually have an up-sloping support line (orange line).
If the orange support holds this could mark a longer term trend reversal.
On the downside further targets remain the lower Bbands as well as the previous lows around 113.
IMHO selling put spreads out in Sep16 might be a once we reach the orange line (U16 110/100 p spread). The U provides some decent premium over the other contracts as this is the frost scare month.