We’ll worry about this correction if and when it starts to pound on prior lows on the daily chart. So far, however, and as I’ve noted in today’s commentary, technical damage at the level of the daily chart is not minimal, but non-existent.  The hourly chart is another matter, although I would still be inclined to gamble on a tradable bottom by using such a pattern as I’ve sketched out hypothetically in the chart.  The 1352.00 downside threshold noted in today’s commentary should be used as a bearish tripwire, since its breach could signal a wallow sideways for as long as 3-4 weeks.