Keystone's BPSPX Indicator

BPSPX chart shows a top at 83.40 so the bears need a six-percentage point reversal to occur to receive a market sell signal. That is the 77.40 level. Then, the 70% level failure will pile on further market bearishness.  The September 2012 top occurred at 80 so the market sell signal was triggered at 74. Then the 70 level was lost which locked in more serious weakness.  The bulls placed a bottom at 58 and then at 64 received a market buy signal for reversing the bearishness. Then the champagne corks were popped for bulls as the BPSPX climbed back above 70% in December signaling the all-clear for the upside.  Thus, the bulls need to prevent 77.40 and the good times will roll along for markets. If 77.40 fails, then the bulls are falling down the steps and in serious trouble. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.