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 cross over to the down side.
On top of that the 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.