When I see a stock, or a market go straight up, it appears weaker, not stronger to me? A market that climbs back and forth slowly working it's way higher is a lot healthier market that simply spikes straight up. The latter is what we have right now.
As I've said before though, it doesn't mean it will collapse suddenly and completely but a sharp pullback at some point is in the cards. Overbought can get more overbought for a while. When the jerk back down comes though, in this market, it's likely to be one that lasts a couple days and a good many points and then look for the dip buyers to step up again.
Memorial day weekend is fast approaching and usually the day before these holidays are bullish. Given the current market penchant for printing higher prices, today works for a pullback. If they crack 1191 on a closing basis then the pullback is unfolding.
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