That is pretty much the only semi-reason to short this market right now.   

Yes it is a dull market (until today), but you  never want to short a dull market. It’ll take you to the cleaners every time. Now today, the bears are getting squeezed into covering their positions as the market continues marching higher towards new all-time highs. The only theory out there right now for shorting this market, is a weekly chart of SPX zoomed out to 2009 and to say that we are forming a double top. Let me tell you, if this ends up being a double top (which is optimistic at best), it will be a painful ride lower. 

However, we don’t have that right now – no signs of that happening. Just a market that keeps buying any and all dips and won’t give up on its never-ending push to higher prices. 

Here’s the bearish watch-list: