SPX (Daily). Overbought, RSI indicating a short term top?S&P 500SP:SPXnaturner1966Markets are at overbought levels with animal spirits in overdrive. I am reducing my exposure here and waiting for markets to cool down a bit. I continue to swing trade stocks with momentum until we lose the 22d SMA (currently ~6,800). My price target on SPX is ~$7360 to ~-$7400 before seeing a modest correction (10-15%) which I think will happen over the summer or before. I have indicated with red arrows where SPX has performed at key overbought levels going back to April of 2025. Also notice that we are not getting any help from financials or healthcare in the recent rally, which is concerning to me. SOXX, which has been leading is at extreme overbought levels.