Very turbulent times we're in and the market appears to be extremely optimistic and the end of a bull market is when everyone is bullish especially mixed with not just 1 strong bearish catalyst but 2 (Covid-19 and a very heated election)! I posted a similar analysis on the DOW last week and I see the same thing for the dow. My advice is not to pull out of your stocks but, be aware that if we do go into a bull market it can last anywhere from a couple months and up to 3 years. If that does happen just don't look at the market until the economy recovers and then start investing again when prices are discounted. You can see where I believe the market will bottom out. The stock market will most likely recover like it has since its creation but, we just don't know when. Good luck investors.