The S&P March e-mini stock index futures hit a record and contract high on Monday. However, the early-week downside reversal produced a significantly bearish “key reversal” down on the daily bar chart, which is one technical clue that a near-term market top is in place. The bulls do still have the overall near-term technical advantage and can negate the bearish key reversal with more price gains yet this week. Stay tuned!–Jim