A litany of different market internals were signaling a pullback was overdue even before the SEC brought civil fraud charges against Goldman Sachs on Friday and sparked a 2-day selloff in stocks, according to traders and investors.

After earnings kicked into high gear last week with strong reports from JPMorgan Chase, Bank of America, CSX , and Intel, investors and analysts immediately extrapolated the positive results from these bellwethers to the companies yet to report.

Consider these statistics. About 115 of the nearly 130 members of the S&P 500 members expected to report earnings this week are trading above their 200-day moving average, a widely-used valuation barometer, according to data culled from Finviz.com. On Friday, the CBOE equity put/call ratio was showing its heaviest call volume – or bullish activity – relative to put volume – or bearish activity -- since 2000, according to Raymond James. And before Friday, the S&P 500 hadn’t notched a decline of more than 1 percent in 52 days, the longest such streak since 1994, according to Bespoke Investment Group. That’s one smooth ride.