Unfortunately, not only is this way overbought, but trees don't grow to the clouds. Expect to see profit taking at the first sign of a blow-off top and exhaustion of the recent move higher.
However, we will admit that it has been a great ride for the longs.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer