Trend change or not, topping is usually a process, not an event. It's impossible to catch the exact top. So even if we have a trend change occurring, it won't be easy for the bears. May be we'll get sideways actions for a while if bears get lucky.
What is quite a bit of a damper is that just this morning I found out as of last Friday Moosistory has switched to IWM, small cap long! Moosistory, as I understand, is a conservative, long term system. It frequently switches to gold and bonds. So its switching to IWM is very disconcerting to me, being bear biased.
So if the bears do get a break in the coming weeks, I wouldn't be surprised that it'd be short lived.