Saturday, February 28, 2015
BPSPX Bullish Percent Index Daily Chart
The BPSPX remains on a double whammy market buy signal after reversing six percentage-points as February began and then crossing above 70%. The bulls are in charge in the stock market unless the bears can create a six percentage-point reversal. BPSPX topped at 76-ish so the math is simple for the bears; cross 70% to the downside and all Hades will break loose with the stock market selling off in force. If BPSPX remains above 70, the bulls remain in charge walking along easy street. 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.