SPY,QQQQ,DIA: Short term overbought.

No rocket science here : the US indices are overbought. All we need now is a decent pullback in order to have healthier advance up to the long term resistance line.

What the Nasdaq,S&P 500, and Dow Jones need right now :

QQQQ : Nasdaq 100 Trust Shares

QLD : Ultra QQQQ (Double Long Nasdaq 100)

SPY : SPDR S&P 500

SSO : Ultra S&P 500 (Double Long)

DIA : Dow Jones Diamonds ETF

DDM : Ultra Dow 30 (Double Long Dow Jones) 

BGU : Triple leveraged Large Cap Bull (Triple Long Russell 1000 Index)