The solid cyan line is the 10 Day SMA of the (H+L+C)/3 Pivot for the ES Futures. Recently, a test of that average by the Two-Day Rate of Change Indicator was a signal to sell the market by the long term players. Now a test of the average is a signal to buy.
Remember that the long term players trade what they expect the economy to be 6 months into the future, and not what the economic indicators indicate what has happened in the past.
Charles
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