Its interesting to look into the breadth indicators as the market reached newer highs and even tested the 6000 mark breadth indicators are throwing contradictory signals against the trend.
In a bull market – Trin value 1 points to oversold level and 0.5 value points to Overbought level. And this time trin is even lower than 0.5(Ultra Bullishness)
which could probably mark a short term top. Also the advance decline line is near to its newer low once again… which again and again proving that majority of the stocks are dumped on only selective buying happens in the market for the past one year.