http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

We are in a historically quiet period.  You could almost say we are in the eye of the hurricane.  For perspective the range here, in what now appears a rectangle, is approx .01.  This subdued volatility and freakishly narrow range has persisted for 31 days.

Periods like this store up energy and can be quite explosive.  For this reason it is not a time to be adding on or increasing risks.  Better to wait for the market to decide and then make commitments.