SPX has overlapped Wave [i], greatly diminishing the probability of another probe to a new high. This strongly suggests that the Top is in. This is turning into a complex decline that still may have a risk of a final surge to 2122.00, but no higher.
Take the appropriate action you deem necessary, given your propensity for risk. Shorting a bounce above 2200.00 may lower the drawdown due to a possible incomplete Wave formation.