Over the last 19 trading day the SPX has been up 17 of those days with only 2 down days in that sequence. Today I wrote a program so that I could backtest this condition and it has only occurred 3 times in the last 50 years including today. For the backtest the trade conditions I tested were taking a short after this sequence and covering the short when the SPX closed back below the 10 day SMA. See attached image.  I may record a Youtube Video on this later tonight.  

Anyway short term the market is quite stretched, so a reversion to mean pullback/consolidation is probably overdue considering the rarity of the condition

Matt