Extremely Overbought

A few points about this continued rally:

These levels of Money Flow(5), RSI(pick a number), etc. are extremely overbought and indicative of a pullback.

The 50 day EMA has served as a reliable ceiling ever since we started trading below it and we're getting to those levels again.

There is significant resistance in the high SPY 70s.

This bear market rally has returned 16.5% so far. While it can obviously go higher, does the market want to reward someone choosing to go long now?

The Fed and inflation data may somehow keep this rally going tomorrow.

That's all I got.
I actually see us getting to the underside of the orange trendline (click chart) before reversing. And I see more charts than not, having significant levels of overhead resistance getting dangerously close.

SPY


I shorted some SSO today. No stops. And will short some more when the time is right. If you're curious why I didn't just buy SDS, don't worry about it.