I don’t have a number off-hand but like as was pointed out in the chart above, each of those 3 consecutive highs in 2015 were marked with negative divergence & each lead to not only a failure of that new high but a sizable correction from just a few days to maybe a little more than a week after each new high was made. Some new highs are bullish & can lead to a new major leg higher but from my experience, new highs that occur with negative divergence in place, especially on multiple oscillators & indicators, more often than not fail with a move back well below where the breakout occurred.
Maybe this one in the SPX sticks (although that isn’t my opinion & again, the Nasdaq, Russell, Wilshire, etc.. have not followed suit), maybe not but as a rule, I will typically pass on chasing any breakouts, be it an index, sector, stock, etc.., that occurs on a divergent high.

First I appreciate you not pressing for trade ideas when they don’t fulfill reasonable opportunity as you see.

Question: in your experience how often does new highs or breakouts occur on negative divergences? it seems like I’ve seen quite a few of them this past year.

YW Dan. I’ve been combing through a lot of sector & individual stock charts trying to find some new trade ideas, especially some longs in order balance out the long & short trade ideas. Hope to be able to post at least a few new setups this week but won’t force it.