It appears that nothing — let me repeat that word: n-o-t-h-i-ng — can hold this little sonofabitch down for long.  As I have pointed out many times, this is mainly because, insiders aside, there are no sellers.  With institutional bias on bullish autopilot via algorithmic trading, we shouldn’t get our bearish hopes too high every time stocks falter. The S&Ps did so again recently by narrowly failing to achieve a 1278.75 target, but the comeuppance has been mild and the correction shallow. Accordingly, we must adjust our sights higher, since the most compelling pattern on the hourly chart implies the futures will hit 1285.25 on the next leap.  The HP midpoint associated with that target is 1271.50, but there is already too much chop in the vicinity of that number to create an easy opportunity for camoflageurs. The consolation prize for (eternally) patient, vigilant bears, is that the 1285.25 target is short-able with a 1.00-point stop-loss.