In the short run the MM readings are extended. Any dip here will be buying opportunity. In a bull market keep buying dips till it stops working.
Key character of bull market moves tend to be:
- steady buying with very few 300 plus days on MM
- low volatility
- small moves of less than 1% in Indexes. Market crawls up in small increments.
- sector rotation
- Growth and momentum stocks lead
All these things are happening currently.
Remain bullish till you see evidence of bearishness.