Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Wednesday, February 16, 2011
BPSPX Bullish Percent for SPX Negative Divergence
BPSPX bullish percent chart for SPX. Very elevated now and in negative divergence so it should move down any day. The 82 to 83 level would confirm the intial selling in the broad markets and indicate more selling to come. This information is for educational and entertainment purposes only--do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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