Well it had to happen at some point, especially as more indexes reached official daily RSI overbought territory. Today is the first day with any bearish conclusions for USA main indexes since early November 11/3-4.

From 11/26 Total market view: "I will sound more bearish on the market if: SPX rejects 2HR1 2209, RUT rejects 2HR1 1342 and INDU rejects Q3R2 19185 along with some trouble on VIX or XIV."

SPY 2HR1 & Q4R1 rejection
IWM 2HR2 & Q4R2 rejection
XIV slight pause under YR1

Also:
QQQ NovR1 rejection
NDU Q4R2 pause
VTI fade under Q4R1, still above 2HR1
IXM (finanicial index) YR2 & Q4R3 break

Yet VIX & XIV don't look like trouble, sentiment is bearish, and indexes after fresh highs will often test before a larger drop. If very long, ie leveraged, I'd come back to simply long here.

SPY, IWM and XIV below.