Has the SP500 made a top?

The SP500 has been in a bull trend in the last few months. Are there signs of it making an intermediate top or is the bull trend intact?

Let us analyse the breadth charts. The percentage of stocks trading above the 50 day moving average has not made a higher high while the SP500 did. In other words there is a divergence. This is an early warning sign of a potential top. It would be prudent to be light and let this phase resolve.

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