Market at a top ?

$SPX clocked 1,597.35 today, which falls within our target range (1,589 - 1,602), reaching extremely overbought levels on the hourly chart. To this end, $DOW reached overbought levels on the daily and hourly charts. $NDX did not make a higher high, and $RUT is below its recent highs. $TNX also fell below 1.8 again today.

Since the 11:27am high of 1,597.35, $SPX has made consecutive lower highs and lower lows intra-day.

Tomorrow JPM is reporting and will likely set the tone for the next few days or even weeks.