Doesn't mean we have topped - sideways / up movement will bring the % down as it did last spring. But we are at nosebleed altitude.
Dotted vertical lines denote same point on previous declines. $SPX $ES_F
The daily view of stock's above their 50 DMA is in a converging range, and likely on it's way to creating a triangle pattern. Recent action suggests upside is limited, though a breakout confirmed with strength would signal higher highs in the indexes. Something to keep an eye on.