The green lines show the long and strong profile for the SPX weekly chart. This forecasts that another matching or higher high in price will be desired after a pull back occurs. The daily chart forecasts that a pull back should occur now for the SPX due to the negative divergence. Therefore, the black projection line shows a sell off now, but price will want to come back up to satisfy the long and strong profile shown by the green lines. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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