SMT divergence with S&P 500 and NASDAQ; NASDAQ makes lower high while S&P makes higher high at key level.

Lastly, we'll give you a tradify example here. So I have the S&P 500 and the NASDAQ. So this is NQ, and this is the S&P 500 at all time high, range high. So add a key level here. And we can see NASDAQ put in equal highs here and then made a lower high. And in that same time frame, the S&P 500 is in much more of a clear uptrend. So if I'm just looking at this box, right, what you have on NQ is this. And what you have on ES is this. That is an SMT divergence. ES is making higher highs, the S&P. And NASDAQ is making a lower high. That is an SMT divergence.