$S&P 500 index(.SPX.US)$ The index currently sits @31% above the 200 w...

$S&P 500 index(.SPX.US)$ The index currently sits @31% above the 200 week moving average. Prior and during the 2017-2018 FED rate hikes the index never traded higher than 24% above the 200 week moving average.  The market is getting way stretched. The market is calling Powell's bluff?  Be cautious imo. $Invesco QQQ Trust(QQQ.US)$ $Dow Jones Industrial Average(.DJI.US)$