Yesterday’s selloff, nasty as it seemed, was just the correction of a subtle, bullish impulse leg generated last Friday on the daily chart. Notice that the intraday high exceeded a peak made two weeks earlier by 0.50 points (two ticks).  It’s a subtle impulse leg, to be sure, but it needn’t have been any more obvious or robust to qualify the weakness of the last three days as merely corrective.  All of which implies that our longstanding target at 2105.00 is still very much in play. Its attainment would represent only a marginal new all-time high, but we’ll short there aggressively anyway, since it is just the kind of place where bulls could get trapped worse than Gen. Custer.