This morning the Nasdaq pushed to a new world record high at just over 7301. The way the Nasdaq has been soaring the bullish traders are seeing some gains. To capture those gains traders have to sell or close off their trades. Of course the markets will do it for them as they will panic once a reversal starts to take place. We need more to tell us that this party is over. That may take until the February bottom of 6300 is completely retraced, as some little correction will not do anything.
I have to keep my updates short this morning but will try to update more later today.