New Stock Market Top Forming?

Current Position of the Market
SPX Long-term trend: The long-term trend is up but weakening.  Potential final phase of bull market.
SPX Intermediate trend: The uptrend from 1810 continues.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.