Cable looks like it is on the verge of breaking important horizontal support, and is also appropriately obeying the RPS 133 channel lines, getting kicked down.
The correlation between Cable and SPX may end, but until it does, we ought to view divergences with suspicion.
I covered my future short last night before the mega-ramp, and went back in short, at a nicely higher level, based on this Cable view. Still, support is support until it is really broken, so time will tell.
