Technical indicators are in their overbought zones where the next short-term move is usually back down at least to a retest of the support at short-term moving averages, and below the moving averages if the technical indicators are going to reach their oversold zones before turning back up.
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.