There are different levels of opportunity in the stock market.   This indicator shows the last correction in 2015 and the rally since.  It's near a top, but that condition can exist for some time.  We continue to skirt through September without any damage to price action.  But is the damage to the bullish case?  Greed?  Over optimism?  Only time will tell, but we're seeing evidence of all of this as you would expect with such a strong trend higher. 

Thanks!

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