Not much of a chartist but there will be a January effect and start of year buying. The world has way too much cash and debt, only way out is a recession or inflation followed by an even larger depression.
When companies like Apple rather hoard cash at next to zero interest than invest (through buy backs) in their "strong buy" as so many analysts had rated their stock, you know something is up. When wealthy Chinese rather invest in overvalued foreign property than in their own rapidly growing economy, you also know something is up.
Let's face it, rapid productivity gains are over, people are retiring in the strongest economies and it's a race to the bottom with pricing.
Gotta be smart to find those gains, low fee indexing won't cut it when everyone does it.