Things are looking a little stretched at this point. It's great that everything has been swell, but the swelling needs to go down. Several technology related ETF's are in bearish ascending wedges with stochastics and RSI indicators at nosebleed levels. Some very slight divergence has begun to emerge on the MACD indicators as well. In Technology's case (XLK), the trading range has been very narrow for over a year now, but it now finds itself coming up to a resistance line made up lower-highs from December.
NorthmanTrader.com we can see that VIX is seemingly at the beginning of another parabolic curve and the weekly chart for the Russell is at a serious resistance point with 100 and 200 moving averages about to cross over for the first time in years!