"Theory of Reflexivity states that investors don't base decisions on reality, but rather on their perception of reality. The actions that result from these perceptions have an impact on reality which then affects investors' perceptions and thus prices."

Nasdaq exploring new high ground.

Nasdaq rallies into new high ground, but fewer and fewer stocks are supporting the rally. The % of Nasdaq stocks above their own 50-dma has been diverging as it did before market pullbacks in February 2019 and March 2020. "This suggests you should sell into a melt up"

The path of least resistance is to the upside.

In summary, there are no confirmed sell signals, as you can see the chart is strongly in an uptrend, but in the context, you need to stay alert to execute bearish signals, take positions if and when confirmed sell signals appear. Until then, stay bullish and enjoy the ride.

"I’ve always had the view that how successful you are is really a function of how you deal with failure. If you deal with failure well and you persist, you have a high probability of being successful."