Cobra's Market View Private Messaging System shows:
Consolidation day today. A Doji was formed, the direction is unknown. But since the market is still very overbought, so it's high likely to pullback further and such kind of pullback could last for a few days. Intermediate-term still is up as long as no lower low is formed on this coming pullback.
0.0.2 SPY Short-term Trading Signals, not a single overbought signals are fixed today.
SPX Short-Term Volume Osc from www.decisionpoint.com, green line is way too high, very overbought. Since it's a 5 day moving average of the blue line above, so it's not easy for the green line to go down and that's why I said that this coming pullback could last for a few days.
T2122 from Telechart, 4 week New High/Low ratio, rise again today, overbought.
NYSE Common Stock Only Advance-Decline Line from www.decisionpoint.com, very interesting, for the last 3 up days the advancing stocks were less and less, this is a negative divergence.
1.4.4 TSE McClellan Oscillator, Canada is very overbought too. The signals in this chart are all at their highest point.