my little market health grid had several signals flip out of bearish state, the only signal remaining bearish is the short term trend in IWM/SPY ratio. as much as this market might be in the nosebleed section, I have to conclude the bias is up intermediate term.
In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. - William Eckhardt