Credit Suisse: There's a Growing Threat of a Major Top in the S&P 500
Another technical indicator flashes a warning signal.
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Sorry bulls, technical analysis isn't looking so hot for U.S. equities at the moment, and Credit Suisse is piling onto your pain.
In a new note, Ric Deverell and his team at Credit Suisse point to some technical levels worth watching, one of which could be a big signal that the top is in for the S&P 500-stock index. The index is currently trading around 1,890.