Heading for target 1 today. This is of course, and very obviously a key level of support for the USDJPY, and markets. IWM is particularly vulnerable. We've hit this level before and bounced, so breaking this is huge, may happen today with Asia and Europe down, and the US premarket looking strongly down. Ominous. TGT 2 could translate to beyond a 2 to 3% dip, but not a true correction (10%) or more. But if we do not bounce at TGT 2, and break through that with conviction, that may be the correction we've been looking for an excuse to have happen. Trade wisely.