What direction will the market take?
Last week I posted an observation for the potential of megaphone patterns forming on the Dow, NAS, SP500. I was reading an article below and it appears another has taken notice too.
The S&P 500 is forming a bearish "megaphone pattern" with market peaks from 2000 and 2007 presenting price resistance, according to Harry Dent, founder of HS Dent, a stock market and economic research firm in Tampa, Fla.
I'm curious where you stand. Do you think we are going to continue to set record highs, are due for a correction, or trade sideways?