S&P Selloff Imminent

The S&P continues to rally, but why? Is it because of good economic data? Fed news? Jobs? PMI? None of those reasons are confirmed by the data. The technicals on the S&P look strong, but if people are buying simply because money is cheap, this signals a bubble. From experience, the S&P likes to flirt with levels, before making a committed move either way. Some bearish momentum is imminent.