Tuesday, June 25, 2013
BPSPX Bullish Percent Index Loses 70 Level
A market sell signal was triggered on 6/5/13 when the BPSPX revesed six percentage-points from 90.20 to 84.20. Yesterday, price dropped under the 70% level which strengthens the market sell signal. The markets are toast as long as the BPSPX stays under 70. There will likely be a fight along 70 over the coming days. The bulls need to reverse higher from this 69.40 number to 75.40 to regain market control. If BPSPX stays under 70, the bears rule the markets moving forward. If the bulls push price above 75.40, they will be singing a happy tune. The BPSPX is regularly updated on the Other Market Signals page. 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.