With the McClellan Oscillator screaming overbought (most since the post-Lehman hope bounce)...
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The two best-performing indices in the last 3 week's yuuge short-squeeze bounce are also at extreme overbought levels.
Trannies are as overbought as they were at the peak in Nov 2014 (after Bullard's QE4 bounce)...
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And Small Caps are as overbought as they were at their peak in June 2015.
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While today's weakness is too early to call it, "Most Shorted" stocks have not been hit in 24 hours... an crude is rolling over too.
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