The CCI has never been overbought for 8 days in a row this year. Now the candlesticks show momentum loss. Percentage gains without real accumulation is never a good sign because when it starts swinging in the other direction it often falls hard. I wouldn't be surprised if we went down to 256 before SPY started making new all time highs again. This could take some time to play out and there are so many catalysts that could send the market up to new ATH again without any real fall as well. I'm not saying this with certainty, I'm just pointing to some technical signs that shows what a good short opportunity this could be.