Blue lines are the monthly and weekly range for the period. They are not projections. They are very good guidelines for monitoring price actions the period right after. They are auto drawn.
There are multiple mobs controlling the price behaviour. The one that wanted the break failed to get what they want when the mob of 2% buyers stepped in, that's all.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3012337 dollar breaking just below that res line