Divergences appear when price keeps going in one direction whilst the indicator itself shows a decreasing tendency on the overbought area or between 100 and 70 values.
See also lines drawn on the price chart and on the area below the price chart. Visually speaking and looking at those lines they diverge from each other.
This also marks the end of a 6 year long bull market since roughly march 2009.
On the other hand and on the smaller timeframes one can see a rebound of the SP500 which in my opinion are translated into medium-term short opportunities with a target of the 1500 point on the SP500 .