Bulls on parade

The weekly reverse divergences are playing out (some in a bigger way than others).  This is exactly why they call it a 'Slingshot' setup.
SPY- potential reverse (sell) divergence with a higher momentum high and lower price highs, but nothing actionable until the hourly sets up a sell signal.

QQQ- came within 3-cents of it's previous all-time highs and took 4-days to erase a 10-day correction.

 DIA - This and the IWM being the "weaker" of the 4 indices.  Nothing bearish until the hourly sets up a negative bias.  A good (bullish) sign that the most recent (hourly) momentum made a higher high on this push.

IWM - one to watch as it's been lagging in performance, it's the only one that hasn't taken out it's previous swing high