this market is resilient I will give it that - an incredible push higher has humbled many - myself included. Having said that I prefer NOT to partake in the herd mentality. I am a swing trader and I take positions with a 2-4 week time horizon. I always ask myself "do I believe the market will be higher or lower 2-4 weeks from now"? Once I have answered that question for myself, I trade accordingly. I always use Risk management, position sizing and probability before executing any trade. My particular area of study and discipline for the past 24 years as a full time trader/broker is in exhaustive moves. I believe the safest trade to open/execute is when things reach extreme levels - overbought or oversold I "dip my toe" looking for solid divergence analysis and take the trade. If I am wrong (and I am often) - I am extremely disciplined in my exiting a losing trade - quickly. There is nothing in my current analyses that has me change my outlook. The low risk trade currently is an exhaustive reversal to the downside. I am more concerned about a substantial profit taking reversal from these "nose bleed" levels than I am about missing a highly extended market pressing higher. Time will tell - good luck all