Another bearish stock index clue–can the bulls overcome this one, too?

The U.S. stock indexes took another bearish technical hit Monday when prices gapped sharply lower on the daily bar chart–a warning signal that a near-term market top is in place. Can the bulls overcome yet another near-term bearish clue of a top? They have done so in the recent past. However, this bearish clue is the strongest one yet, to signal a market peak. Price action the rest of this week will likely go a long way in determining of the U.S. stock market has put in a near-term top. My daily market reports will provide you with the near-term clues on price direction and trend changes, so keep reading them!–Jim