Sunday, February 22, 2015
BPSPX Bullish Percent Index Daily Chart
The BPSPX is on the double whammy buy signal. The six percentage-point turnaround off the bottom created a market buy signal at 66 and then the move above the 70% level creates the double whammy buy signal placing bulls in firm control of the stock market. This will remain in place until the bears can push the BPSPX under 70 which will create negativity in stocks and then (if the 74.00 holds) a drop under 68 would create a double whammy sell signal. So the bulls are cruising as long as they keep BPSPX above 70. Bears got nothing unless the BPSPX drops under 70. 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.