Tuesday, September 22, 2015

BPSPX S&P 500 Bullish Percent Index Daily Chart

The BPSPX remains on a double whammy market buy signal. Price reversed 6 percentage-points from 22.5 to 28.5 creating a market buy signal ending the waterfall crash in August and then above the 30% level creating the double whammy buy. Market bears must reverse the BPSPX by 6 points, from the 44.5 near-term top to 38.5, to receive a market sell signal. Thus, the bulls will remain in control as long as the BPSPX remains above 38.5 and higher. 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.

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