i read a head and shoulders top forming in S&P. Who knows .. All I know is that some caution is warranted but that the bull is intact for now. Then again, it is a double edged sword because even if their is a pullback, it is always met head on with buying. So, if you can trade some of the swings you might have some luck. Two years ago people on this board were afraid to get in the market. I recall Sly Dude as being one. I admire much of his prudence but hope that he made some good selective purchases and didn't sell. This is the best overall market I have seen, ever, even with the mix of some dogs like CAT that I gambled on, which at this point, looks as though this foster child is here to stay.
Looks like a decent take to me, Challenge. Regards the chart interpretation though, i haven't looked at one so i can't say anything about your head and shoulders interpretation. If it is an h&s type chart, and if it does come true, then all i can think of is it's predicted an economic dive, something i myself just can't see right now. Been swing trading, intend to keep on swing trading. Other than core holdings and the funds i have for long term investing, everything i have and everything i covet but only at certain prices is open for trade.
Speaking of funds, one i have has been a real disappointment. Fund, that's the symbol. I've had rvt for many years, only went into fund 2 or 3 years ago, and yesterday i finally threw in the towel, sold the first tranche i have targeted to sell.