Bears turned in an underwhelming performance yesterday,  letting bulls mop the floor with them after they’d succeeded briefly in pushing the Dow 120 points lower.  I found myself wondering aloud during yesterday’s impromptu trading-room session whether only a black swan event could cause the selling to snowball.  Still, the impulse leg generated so far looks fairly impressive on the daily chart, and it may have even further to go, since there has not yet been a b-c correction to end it. (That would occur today on a print of 1311.00 or higher.)  Traders can try bottom-fishing at 1274.50, stop 1273.75 (!) provided the 1311.50 Point ‘C’ of the pattern has not been exceeded to the upside.  Buyers would put bears seriously on the ropes today if they can squeeze this vehicle above 1320.50.