Technical analyst Tom DeMark says a temporary peak on S&P 500 could be triggered next week

Closely followed technician Tom DeMark says a months-long uptrend in the stock market is likely about to hit a temporary peak before a fresh run at a new high.

DeMark, an award-winning technical analyst, is noted for focusing on the number of days, which don’t have to be consecutive, that there is a close higher than the high of two days ago. Subject to various conditions, when the countdown reaches 13, a sell signal is triggered.

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