I’m following the action on the 60 min. time frame b\c  it is the one that is cycling from overbought  to oversold the best with the oscillator I use.  Recently at least.

Combining that with the MACD signal line, vergences seem to be fairly reliable on the 60 min as well.

Right now there is + vergence which seems to be “holding this puppy up” but when it reverts to neg.  I will go short with more confidence. (I’m actually playing with the VIX long and short since it is a virtual mirror image of SPX and has bigger moves where I can load up a trade.)

spx-60