Michael Sincere’s Long-Term Trader: These telltale market indicators suggest stock prices are topping

Market indicators last week suggested the U.S. stock market was stalling and topping out, and that process is continuing, but at a slow-as-molasses pace.

Last week, it seemed the market was going to the moon. The S&P 500 SPX, -0.13% reached all-time highs, bulls were giddy, and most short-sellers had disappeared. We also have an accommodative Fed that won’t raise interest rates anytime soon, no matter how much they promise. What could possibly go wrong?

Plenty. Let’s take a look at the most recent indicators for clues:

Technical Indicators:

S&P 500 is above its moving averages = Bullish

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