3 Major Breakdown Signals - Is a Market Top Forming?

Dave highlights three major breakdowns that suggest a potential topping process in the markets. He explains how the modern Dow Theory, offense vs. defense sector rotation, and Bitcoin’s sharp deterioration reveal weakening momentum, deteriorating breadth, and a growing shift toward defensive positioning. Using StockCharts tools, David shows how to identify key “line in the sand” levels—like the S&P 500’s critical 6550 zone—and demonstrates how alerts, moving averages, and relative strength analysis can help manage risk as markets transition from risk-on to risk-off behavior.

This video premiered on November 19, 2025. Watch on StockCharts' dedicated David Keller page!

Previously recorded videos from Dave are available at this link.