The above chart shows each time the Buying Pressure was 17 or higher since January 2014. The buying Pressure just hit 17 on June 15,2017.
If the market went higher it was a grind higher then it eventually dropped. Otherwise the market went into a sideways trading range then down.
If this pattern continues it will coincide with the Long Term/Intermediate Picasso cycles suggesting a Summer pullback. Let's keep an eye on it.
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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
Thank you so much! Keep the great job!
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