I didn't like the index close, myself. Was concerned the market might explode to sp500 = 1200. We aren't that far from it at this point, might entice a run and once it gets to sp500= 1180 or so, it is probably as good as done.
On the other hand, the sp500 didn't really break out, from a technical standpoint, though it went past sp500 = 1150. And if you look at a one year chart you will see that on one occasion there was two red candlesticks, then a white, then lots of reds. Another time there was one red, a white, then lots of red. We had a down day of 16 cent so so, then a bigger red candlestick, then today an up day, so it could easily be followed by a bunch of red.
I have been following spy. It looks just like the sp500. We have been extended way above the 50 dma, have had a been well above rsi of 70 (as high as 78, I believe), and it has been up there for a while. It seems likely we sell off to below the 50 dma on the sp500 and fall to the 200 dma of sp500 = 1050. For spy the 50 dma is around 111.5 on a one year chart.