Try if you will to mute out the news, but the indicators are heading into the Fed-meeting in no man's land.
There's a lot going on right now and the markets (and media) have difficulty latching on to more than three or four stories at a time.
The Fed needs the justification from the data to be able to cut -- it does not have that green light yet.
Worries of slowing economic growth, trade wars and political problems not seen in today's trading.
Shares of Tiffany have reached a downside price target, but the jeweler's stock price is still in a downtrend.
Follow the technical analysis rule of blocking out the headlines, and things still look awful -- the charts, the number of stocks making new 52-week lows, exchange-traded funds to be long high yield bond and junk bonds, and more.
A weaker dollar would give the gold market a push.
The main concern for investors remains escalating trade tensions between the U.S. and China.
This could either be a brilliant buying opportunity or a value trap. If a trade deal is not reached by the end of June, this selloff can get a lot worse.
It depends on whether you see the S&P 500 chart as 'triangle' or a 'flag' -- but either way, let's just hope the market starts to move and gets out of its malaise.