Signal stayed at OB all day, and acceleration up was evident. We are close to the top and this is not looking good for the bears. I did mention last week that the only way to eliminate a bearish count would be to exceed the current top but this is unfortunate since it is a huge move from the 1980s SPX to 2093...
ST signalled a move to the upside yesterday and the negative divergence that was evident yesterday is non-existent by this afternoon. So this is how it goes, when one cannot explain based on their feelings or inclinations, one can always turn to the indicators that works best for them.
The only negative divergence left is on the 60min MACD. This along with the daily charts volume that is also diverging suggest low volume on ramps up. A disconnection for sure, but this does not help us with a trade, but just acts as a forewarning method.