The bullish pattern that had us trained on a 38.605 rally target was sufficiently compelling that we should view yesterday’s failure to reach it, albeit by just 42 cents, as a potentially bearish development.  However, although the subsequent selloff from the 38.180 high was impulsive on the lesser charts, the downtrend failed to reach its target as well — by eight cents.  This “duel” could be settled today, but the first clue bulls are winning would be an impulsive bounce from around 37.060, the midpoint support shown in the chart.