At high valuations in the U.S. Stock Market. Not calling a top. Uptrend on the Weekly Chart. SPY could keep going higher. Relative Strength Index (RSI) is close to being at 70, so we are approaching overbought territory (RSI over 70 typically means overbought and under 30 oversold). On the lookout for a RSI higher than or at 70 to take a quick short on the downtrend leg of the bigger uptrend. Reading the Waves, we are either pushing higher in the weekly time frame we follow, or could reverse early. I will wait until higher/ more overbought. Using patience, more likely the push higher will already be revealed. Then the short will be entered.