The 10DMA of Highs - Lows has made a lower low today, red circle. Up until today, the 10DMA of Highs-Lows was potentially setting up a positive divergence with the SPY. But after today that scenario does not exist.
This along with the previous post of weaker Buying Pressure may be evidence of a stock market that is trying to go lower. Maybe after a short bounce in a technically OS stock market.
How low though is not known. See the previous post of the Buying Pressure. On that chart you will see several times when the market did go lower, before and after a bounce.
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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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