There is just no stopping the Nasdaq 100 or is there?

Yesterday the Nasdaq 100 piled on the gains once more. The index rose to a new all time record high, at 20,690 and closed not much below that record. The index posted yet another record daily close, at 20,675. The index was led higher by slightly more broad based gains yesterday, but the star of the tech sector also played a part- NVDA closed 2.69% higher. The technical picture is now suggesting the index is now pushing into overbought territory, but it seems greed for tech stocks is not paying any attention yet to such issues. The US CPI data might have an impact later on, but as noted here, the tech sector does not seem to care about the US monetary policy outlook. Perhaps one thing though, if that CPI data is more benign than forecast it will just provide another excuse for the tech bulls to charge again- we shall see. The Nasdaq 100 future is currently pricing the opening at around 20,660