They say the wait is the hardest part, and that's certainly been the case for both the bulls and the bears with stocks this year.
Despite the fact that the S&P 500 is sitting near record highs, one top technician sees a storm brewing for stocks, and the root of that concern comes not from how much stocks have moved, but rather how little.
"The S&P 500 is trading within its tightest range to start of a year in almost a decade," technical analyst Carter Worth said Tuesday on CNBC's "Futures Now." "It's almost as if they closed the market."
Worth noted that since the start of January, S&P 500 has traded within a 125 point range, or roughly 6.3 percent. That's the smallest peak-to-trough range for the start of a year since 2006.