Take a look at the four-year high, with a 5% trading level higher the index was doing six months back, with a snapshot look at Advisers Sentiment Index; typically 53% above rule; in this case the later is moot - you have Ovobody - "a condition in which a market is considered to be overbought, experiencing upward pressure on Treasury Yields exceeding price levels six month earlier (10-Year is up); this a warning sign of a potential near-term market downturn... continuing for the long term.