If you see the "Aussie map", linked below, gives a more rounded picture of the local market at the time being.
Stocks are currently in confluence area that gives the shorts better probabilities for a possible correction.
Momentum divergence can been seen from miles away and a closing below the up trending arc line will have the sound of a bottle opened, supported by playing loud some really old classics classics like iNXS "Original Sin", "Under the milky way tonight" by Church, some Triffids and Jenny Morris. Cave &Bad Seeds, AC/DC's and local beloved cult hero Jimmy Barnes will fade the night away.