All it takes is a rumour on twitter or one fake article to drop another 100 bucks. But no amount of good news will make it go up. So guess which way we will be going.
the effect of news changes in cycles. the market is obviously more vulnerable to bad news when people are very bullish (long), but that time has passed because the panic selling has been exhausted.
yesterday chinese law was enforced on a chinese exchange, confirming the worst, but here we are, rallying, 466 and climbing.
I think you will see from now on, the good news will start to take a positive effect on the market.