"In bull markets stocks don't go down on bad news."

 For the SP 500, today was the 9th day in the past 10 days, the day session gaped and remained on that side of unchanged. That has NEVER happened before. We've seen 8 of 10 but never 9 of 10. The interesting part is we've gone nowhere in the 10 days and are right in the middle of that range. 

"The market is the sum total of the wisdom and the ignorance of all of those who deal in it and we dare not argue with the market’s wisdom. If we learn nothing more than this we’ve learned much indeed."

US Futures Crude Oil Fall Below Zero For The First Time In History

" Anyone who doesn't change his mind often is dramatically underestimating the complexities in the world we live in. "

Spying the SPY

This is a bearish formation, but if we don't break down and go sideways for a while, then it's possible we can go higher from here.