Here we have again the SPY Buying Pressure. Only the bottoms were looked at in this chart. As we saw recently on Jan 7th, when the SPY Buying Pressure was last posted, the Buying Pressure showed positive divergence and it still does today. Since Jan 7th the Buying Pressure has not showed any sign weakness even though the SPY has been going lower.
There is no guarantee that the stock will rally from here, but, this chart does make some kind of rally seem promising.
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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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