BPSPX shows the market bulls are favored having moved from the 50% level up to the 61% level. A reversal of six percentage points provides a new market signal so as BPSPX moved above 56%, the bulls were celebrating. From this current 61 print, market bears will need to see a print at 55 or lower to claim a victory for further market downside ahead. For now, the market bulls remain in control--as long as the BPSPX does not move under 55%.
Note the previous six percentage point signals that verify broad market direction. The BPSPX 30 and 70 levels are significant levels to watch for the BPSPX as well. 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.
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