The BPSPX is on a double-whammy buy signal reversing off the bottom by six percentage-points and then recovering back above the 30% level. If you ever see the BPSPX fall below 15 (a wash-out), you want to be buying the market with both hands. Conversely, if you ever see the BPSPX above 85, you want to be betting the farm on the short side.
The bulls are on easy street pushing stocks higher with happy news bites every few hours either from President Trump, China or the central bankers. The BPSPX pops to 47.60 at noontime Friday so six points in reverse is 41.60. The bulls remain in control unless the bears can push the BPSPX below 41.60. The BPSPX is more of a confirmation signal of the current trend rather than a predictive signal. 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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