Saturday, October 17, 2020

BPSPX S&P 500 Bullish Percent Index Daily Chart

The BPSPX is on a double-whammy buy signal after it crossed above the 70% level. The Keystone Speculator's BPSPX Indicator focuses on the 70% level and the six percentage-point reversals. The BPSPX sits at 71.20. The high print is at 72.00.

The bulls remain on easy street as long as the BPSPX remains above 70. A move above 72 would signal party time for bulls. The stock market will be soggy and rolling over lower if the 70 level fails. The bears, however, will not achieve downside momentum and sustainable selling in the stock market until the price falls below 66 (72-6). 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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