Watching early signals of a market pullback ahead

Key technical indicators such as $NYMO, $SPXA20R, $SPXHILO, $CPC and $VIX are pointing to weakening internals and rising complacency

We’ve had a sharp V-shaped climb, with $SPX rising over 22% from a low near 4,835 on April 7th to 5,906 on May 13th. If we look at the daily chart of $SPX, we can see a cup and handle breakout above resistance at April 9th peak near 5,481, that measures to target near 6,147. After the China trade deal was announced over the weekend, $SPX gapped higher o…