I assume you are referring to the stock indices & if so, yes. There are negative divergences from the 60-minute charts all the way out to the monthly charts & every time frame in between. As of now, I’m primarily focused on the 60m & daily charts as the indexes are well above key uptrend lines & moving averages that would trigger longer-term sell signal if/when taken out. We’ll just have to see how the next correction unfolds & if my suspicions are correct, it has just begun.

YW & best of luck on the trade. Gold & silver just broke out above those levels that I highlighted in the video so if those breakouts stick, the miners are likely to rally alongside the metals. I plan to review the charts of the miners asap & will pass along what I see.

There are a lot of smart (and many not-so-much) economists out there and opinions vary widely but what most agree on is that massive & unprecedented intervention & overt manipulation of the financial markets by the global central banks has created distortions in the financial markets as well as disconnects between some of the usually correlations between various asset classes.
I am not an economist (although a business & former career stockbroker, so I have a decent background in fundamental analysis & economics), so maybe I’m wrong but what I believe to be one of the driving forces being the stock market’s unprecedented bull market since March 2009 is (partially) a function of a backdrop of extremely low inflation, caused by the bursting of the largest credit bubble in the history of the world back in 2008 which has had continues to exert strong deflationary forces which are being offset by the aggressive actions of the global central banks (hence, the very low & consistent inflation). That low inflation has allowed the CB’s to keep the pedal to the metal with low rates & flooding the system with liquidity (money-printing/bond-buying, etc.)
The low rates, in turn, have driven and continued to force investors out of bonds, CD’s & other safe investments as they are forced to replace the lost income as those fixed-income instruments mature & unable to be rolled over at anywhere near the old rates. That, coupled with what might be an even larger driving force behind this bull run, the unprecedented amounts of stock buy-backs, also driven by the fact that corporations (like AAPL) that don’t even need to borrow money because they are so flush with cash, have gone ahead & issued bonds to use the proceeds to finance their stock repurchase plans only because they would be foolish not to take advantage of such dirt-cheap interest rates.
The Grand Experiment the Fed & other CB’s have embarked on over the past decade will not end well & the million-dollar question remains: How much of everything I said above (plus the other factors that I didn’t mention) are already priced into the market?

If PYBI goes sideways for much longer, or lower for that matter, the bull flag pattern will start to become invalidated as the ideal symmetry for the pattern will no longer exist. As of now, the stock is holding around that 12.30ish support but ideally, for the bull flag scenario, PBYI should have broken out yesterday or even Wednesday although a solid green close today would still work.
If the stock fails to hold 12.30, a move back down to the 10.90ish support will be likely. PBYI does trade a bit erratically and if you look at the last time it made a similar two-day impulsive thrust up (flagpole) followed by what started out as a bull flag, it ended up trading sideways below the ideal shape/size of the flag, followed by a big red candle & two more red candles after that which invalidated the flag, and then the stock reversed and rallied 47% over the next 10 trading sessions (highlighted in the chart below).
As with any trade, this one either works out or not. As of now, it still looks OK but not “great” as I would have preferred to see an impulsive breakout above that flag earlier this week.

My take….the Fed is buying Treasurys and agencies mostly. This is artificially driving bond prices higher thus perversely affecting the markets. Interest rates lowering increases appetites for equities.