There is a lot of talk about the stock market performance. Lately, the market has been worried about the Feds 'tapering' off their buying plans which has buoyed the market. The real problem is what happens when the Fed decides to sell all of the securities they have bought!
As the now, however, as long as the SPY hold over 164, the bull market should remain alive. It is breaks 167, it should give the all clear signal, but it is breaks 164, it will be time to short the market.