
Notice on the chart that the RSI is in overbought territory and beginning to fall, and the MACD and MACD Histogram are falling below their signal line. I'm becoming very cautious and looking for a pullback in the DJIA to its nearest support level near 17,300 again. Failing to hold support at that level, the next support levels are at 16,950 and 16,300.
A look at the chart of the S&P500 shows similar results.