Indices enjoyed excellent gains last week, but the rate of market ascent is not one that can be maintained in the long run. How markets consolidate over the coming week will say much about the strength of these - very positive - breakouts. 

The S&P (SPX) finished the day with a 'gravestone doji' which is usually a bearish reversal candlestick.  Adding to this is an overbought setup, which strengthens the reversal potential of the candlestick.