Anything can be spun into a rally on Wall Street... Good news is good news and Bad news is Good news... This is really a throw back to the old Bubble Daze of the '90's.
Only now the market "corrects" to stay within it's established "range."
It's always one big step down...short and quick...based on some "data point" that isn't spun for that day...
Then, a bunch of small steps up...to make the public think the market is "healthy" and "always goes up." This is really a distribuation market...as we head into the September sell off.
Very little volitility...just a lot of control by the market managers who make their commissions regardless of the direction of stocks...