One of the indicators I have noticed indicating a peak in the market is heavy volume on down days and light volume on up days. Along with the above the CBOE put call ratio drops to less than 0.75 for a couple of trading sessions. Livermoore used a list of stocks which fell before the market peaked.

There are more indicators. Someone asked a similar question earlier, and I gave a list of indicators that signal a market top:
How will I know that another stock marke crash is coming or quite near?
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