Thank you Randy. Not trying to be a hero but I have observed the following:
in the 2008, 2002 and 1982 SP500 bear markets, each one of them put in negative divergence on the daily chart only once during the entire bear market before the bear market continued on and finally bottomed. As you have said many times markets don’t always repeat but they do often rhyme. Currently we have not put in negative divergence on the SP500 daily chart once during this bear market but are on the verge of putting one in if price were to go above the last recent high. This would also fill the gap directly above the last high that was created on Aug 22, 2022.
Your thoughts.
P.S. I have been a customer for 3 years and follow other market analysts but find you the best technical analyst of all them and great value for my money. Thank you for the excellent work you do.

Nice spot, yes + div on SOXX 60m. While certainly a chance that could play out for a decent rally, my thoughts are that the bearish developments on the more significant daily & weekly time frames take precedence over the 60m chart. As I have been & still view this SOXX & semis shorts as a longer-term (multi-month) swing/trend trade, I am stick with my short position for now but will continue to monitor the charts. Thx for pointing that out.