Weeks over --- GOOD!

A couple of indications that this market is way overdone. McClellan oscillator is way into overbought territory after today (but there is no bearish divergence yet). QVIX is at all time lows 15.58 which means all fear is gone.And the sp VIX is at 17.42 near the low set in early Jan just before the dump. Also, my indicator of IFT buys vs. sells of all stocks, is now showing way more sells... this usually precedes a sell off. The 60min TRIXdiff has turned down on all indexes and is showing a bearish divergence. Also the new lows on many inverse ETFs fAZ, TZA, SRS, SKF are all way worse than the market actually was this week. After all, the SnP didnt set new highs. Looking at a monthly close only line graph of the SnP, we are exactly at the 50% level from the 2007 high. I think this is all a bunch of irrational exuberance! Thats my story and I'm sticking to it!