Market is overbought, no doubt about that.
It looks like nothing can stop this market and it will probably be painful when the market reverses, but as long as it holds, bulls are on the right side and bears are losing money and patience.
Our Sigma trend Index slightly improved today, telling us the uptrend is regaining some momentum.
At the same time, our Summation 21 index gave a fresh buy signal
We are really surprised by the length in time and in percentage of this upleg, but we don't have any sign of trend reversal for the time being.