Heck, I'm a stock market bull, and this chart worries me. Perhaps it should worry you ...
The S&P 500 has been channeling higher, and it's at the top of its channel. Could we see a correction of 2 to 3 weeks? Sure. But a correction -- if it comes -- could also be shorter and shallower for a whole bunch of reasons.
And there's also the potential that the S&P 500 could break out from here and head higher, simply because it seems most traders are betting on a pullback.
So, I worry, but I don't let it stop me from trading. I took three positions off today, and added two new ones. Look for a post on that in a bit.