An interesting perspective, I'll counter with this one.
There has been more than enough positive news this year, if fact we're sitting on a veritable gold mine of "unused" good news. The market hasn't reacted to it because the market is still afraid in the wake of the bearish start to the year.
We don't really need any good news to get the bulls running, all we need is for traders to start trading again, and they will do that when they start to forget about the bear market. I am still very bullish for the remaining half of this year, especially the final quarter. but for the next month or so I would expect more sideways action - even if that comes in the form of a climb, followed by a dip back to this level.