NYHL NYSE New Highs-New Lows Daily Chart Overbot Negative Divergence

This chart was posted about a week or so ago with the blue lines highlighted and that negative divergence led to a market pullback, albeit a small one, as forecasted.  Afterwards, the broad markets ran up again and here we are in nose-bleed territory with a 400 print, a level only matched just before the August crash.

The purple lines show the higher high in price now, compared to the blue lines, with negative divergence across the board.  Same outcome on tap as the blue lines only a larger pull back would be expected.  Markets should receive a hard smack down right now from these lofty levels.  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.