Options trading research: is this a market top? Five macro indicators say not yet. Market breadth is at 62%, healthy but not extreme. Mag 7 concentration matches 2003 levels but the background is different thanks to passive investing. Credit spreads are the tightest since 2007, meaning bond traders are comfortable. The yield curve is in normal territory with no inversion. And the VIX is fluctuating between 15 and 20 with a steep contango, not the quiet sub-14 you see before a real top. Last week's five fragile signals from valuation, leverage, and dispersion were more concerning. This week, the other side of the argument says the top is not confirmed. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Part two: five indicators not confirming a market top 00:50 Last week's five frag...