In the short and intermediate term it’s still overbought even after some pullback on last Thursday and Friday. This situation won’t last for too long as the market usually don't remain in the overbought territory for longer than 2-weeks.
If the pullback happens, I am expecting it will at least hit somewhere around 745 points for support. However, I don't see S&P 500 will hit the March low, which means that we might have a higher low bullish signal for it.
