Simply outlined in the graph. I see no reason for the continuing bullish trend. The fiesta is about to be over, as the dot com bubble level plays a significant resistance zone.
Additionally, the AI fervent is coming to its end as well. The AMD downgrade and approaching earning season will prove the bleak future.
It is a big bubble created by inflated USD. They just take advantage of Trump being favourite republican, to wipe out shorts before going down. The economic situation is totally oposite but who cares because market does not reflect real economical situation. Until some limits it is just a game of money makers. Good luck with short!