Like many reports.. the market is moving side ways now, looking for a direction, because there is no big catalyst yet. BUT I foresee a big movement soon! (Technical indicators points to a major movement soon)
It will most probably be a break out, because sentiments are bullish, judging from the numerous reports from the various brokerage houses. Thus, if you got the capital, do take this opportunity to buy in when the price drops.
However do set cut loss prices, because bullish sentiments do not mean that short term bear corrections cannot take place. And I also advice strongly against shorting the market in the long run.
I was back testing several technical indicators, most shorting trading plan do not work reliably in the present bullish market. It is safer now to blindly go long then trying to short the market via technical or fundamental analysis.