The Trump stock market rally continues in the U.S. as Japan's Nikkei 225, China's Shanghai Composite, suffer under popped bubbles. India's Nifty 50, German DAX are below 2015 highs.
The stock market is setting itself up for quite a fall as the market is extreme overbought on all time frames.
All five equity ETFs, Diamonds, Spiders, QQQ's, transports and small caps have overbought weekly charts, but transports and small caps did not set all-time intraday highs last week.
The technology and consumer discretionary sector ETFs set all-time intraday highs on Friday, keeping the Trump rally strong.