There are signs of overbought conditions everywhere, but price action is quite different. After breaking through the year-to-date baseline, the momentum hasn't even weakened, only slightly contracting below the upper volatility line.
The key price levels to watch on the moo.moo chart are very clear: a break above 227.43 will continue the upward trend; the 211-214 area is an ideal re-entry point on a pullback; a break below 198.50 is a structural failure line that cannot be ignored. With earnings season approaching, avoid blindly chasing the rally.