We've reached extreme highs - what next?

My custom indictor is suggesting we've reached a zombie new high in the general markets and this indicator has reached highs equal to levels near December 2017. My interpretation of this peak is that the market could continue to try to push a bit higher - but overall this level has historically been an extreme overbought level and the markets have typically corrected from these highs.

What next? If you are long this market right now, keep your stops fairly tight and get ready for a violent reversal in the near future. If you are flat, stay that way until we see some type of technical rotation in price. If you are short, you are likely taking a bit of heat on your position and my gut tells me we could see a repeat of November/December 2018 in 2019.

Remember, price dictates what is likely to happen and this rally to the upside in the NQ is technically a NEW HIGH. Thus, the trend is bullish until we see some type of price rotation. I still believe a price rotation will happen before the end of 2019. In fact, I can't believe the markets are in zombie mode for this long.

Be prepared
In your opinion, with your custom indicators, would you say that the rally from October 7 - Nov 4, achieving what it has so fast, would create an equally, or just even similar, reactive crash?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out