Always crystal clear in the retrospectometer. NQ making new ATH daily while the small caps and broader market swoon.
Fewer and fewer issues carry the index to nosebleed heights, see how RSI weakens at each new high... this is the end of the run.
May not lead to a crash scenario, but lower prices and persistent weakness are likely over the near to mid term imo.
A zig-zag pattern may emerge, a bearish move may be provoked by FOMC disappointment.