The market is heavily overbought, which is a strong signal that it is going still higher over the near term.
Our overbought/oversold indicator hit +3.35 yesterday and finished at +3.90 today (readings of 3.00 or higher represent a heavily overbought condition).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.