The short term trading indicators show the stock market reaching extreme overbought condition in almost every indicator. All at a time where the S&P500 has run into resistance of the trend-line drawn from prior peaks, highlighted by the red dotted line.
Most interesting of all is the white VIX line approaching its most extreme complacency level seen in that entire chart. Note a cross of the lower white - entry - line, represents an entry on the SHORT side when the VIX is there and long when the yellow NYMO reaches that entry point.
Now the NYMO (yellow line) is on a sell - exit (longs) - signal, with everything else in this chart screaming sell too.
The S&P500, Dow Industrials, and NASDAQ 100 (QQQ) are all on day three of a rally above their respective 50 day moving averages, and it is common to see such moves last four days. Thus we may see one more day of bullish hope before the shit hits the fan for real, though don't count on it, as the next sell phase, one that may include a major crash, is in position to start at any moment.
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Disclosure: I am long PSQ.