The top window is the SPY. The bottom window is Buying Pressure. As you can see the buying pressure made a top with the SPY in early November. When the stock market pulled backed into mid month and then rallied, the buying pressure continued to fall. In fact, just yat yesterdays close, the buying pressure broke below its September low and is currently sitting at its June level. This chart has a history of setting up positive and negative divergences and tends to lead the stock market.
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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
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