quite a few divergences are pointing towards an unhappy outcome for the eternal bulls
and this is confirmed by the equally weighted ratio of SPX 500 vs the normal index
There are others available charts which can confirm this kind of distortions but you need to look at them as a warning that the rise of the market has become kind of unhealthy and risk are growing.
Anyway, these kind of situation can keep going for quite a while like it happend back in the late 90’s with the Nasdaqu bubble. At that time… only a few stock were pushing the market higher while the broad market was already entering in correction mode but… it took time and many short sellers got burned.