There is bearish divergence on both the RSI and MACD when compared to increasing price.
Also the UO is fairly low for this push towards the all time high.
If you look at the monthly SPX you will see a MACD cross over to the down side.
On top of that the RSI and UO are overbought and have been for a while. These are the same levels they reached in both 2001 and 2008.
Lastly if you refer to my VIX chart, you can see some consolidation for a push higher.
Also the UO is fairly low for this push towards the all time high.
If you look at the monthly SPX you will see a MACD cross over to the down side.
On top of that the RSI and UO are overbought and have been for a while. These are the same levels they reached in both 2001 and 2008.
Lastly if you refer to my VIX chart, you can see some consolidation for a push higher.