BPSPX Bullish Percent Index

The bulls have the advantage since the BPSPX was heading up and has not reversed six pecentage points-yet. If the BPSPX moves under 47%, since price started to reverse from 53-ish, the market bears will be in biz, but barring that, the bulls will remain with the short term advantage moving forward. Watch the 50 MA at 49.5. If the bulls can hold that level and bounce, the markets will move up, if the bears can stab down thru here and the 50 MA fails as support, then the bears can attack 47% to see if they can get the downside rolling. The projection now is for the 50 MA to hold and for short term buoyancy in the broad markets to occur but in the intermediate and longer term, the indexes remain sick and should start lower again as the Autumn leaves fall. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.