See below. Testing out a hypothesis that the 50% level of the last major divergence drawn to the start of the current (or evolving) one means "activation". See chart below
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See also the VXX which if it gets to around 35.50 could mean a major reversal for the indicies (spy and spx500) and the rest of the market.
www.tradingview.com/x/erF1NGGl/