chart: Market Buying Pressure

Here we have the SPY in the top window and Buying Pressure in the bottom window.  The long white lines show the long divergences between the two.  The green trend line displays a bullish bias in the SPY price chart and the red line displays the lack of conviction (lack of buying pressure) in the SPY price rise.

In the past, buying pressure tops before price and bottoms before price. So in many cases the buying pressure has been a leading indicator of price.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results