There are a number of technical tools that can be used to ascertain trends, such as Donchian channels, the Williams %R oscillator and Moving Average Convergence-Divergence, often referred to simply as MACD.

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While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving Average Convergence Divergence) are both solidly in overbought territory.

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