SPX has just poked into bubble territory

The SPX has broken above the major uptrend resistance zone formed since the financial crisis. This means SPX is performing way above the 10 year trend and likely highly overvalued. The lack of sellers and the break above resistance is evidence that we've entered a bubble paradigm. Be careful. Don't sell, don't buy, wait.
bubbleSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

Disclaimer