S&P 500 After Double 70% Up Volume Days Following A Low

On the next page, we can see every time since 1950 when the S&P fell to a 30-day low while still holding
above its 200-day average, then enjoyed two sessions of more than 70% up volume within a few days.

It’s usually better to see truly extreme buying pressure, but even these were enough to precede mostly
impressive gains. See the August 13 report for more detail.