"In summary, it seems as if the market is slowing down, but the indicators are still overwhelmingly bullish, as the only sell signals right now are the put-call ratios and breadth. Thus, it is important to wait for $SPX and $VIX to confirm before attempting to take a strong bearish position."

SP chart is extended, overbought, as are many other indicators, but the bullish trend remains intact. Sell-off gives us a chance to see whether the underlying trend is still strong or not.

                           If VIX closes above 16, that would be a sell signal for stocks.

McClellan Oscillator poked below zero. This could mean a similar pullback to previous pullbacks within an uptrend or the beginning of something deeper.

In summary, the line of least resistance, the trend of the stock market is higher, and we do not have any confirmed sell signals at this time. For this reason, we remain bullish. But the overbought conditions are worrisome and so are the comparisons to January 2018.

When it come to an international crisis, throw your studies away, it will all mean nothing.