Intraday Pivot/High

3:16 p.m. ET Maybe it’s coincidence, maybe just some end of day profit taking by traders, but it’s interesting how fast after the last update (HYG 3C divergence) that the S&P is looking toppy intraday. SP-500 (1m) and HYG. As you can see, the relative divergence on HYG’s part (blue) is not really there yet,…