BPSPX Bullish Percent Daily Chart

The bulls have reversed over six percentage points off the bottom which is constructive for the indexes. A move above 28 is important since it represents a six percentage point increase off the secondary bottom. A move above the 20 MA at 28.55 is even more bullish since that is a critical resistance target. A move above 30% indicates that the recovery rally is in full swing since the 70% and 30% levels are key for the BPSPX chart. A drop under 70% as occurred in late July to kick off the crash was important for bears to see, now, as BPSPX approaches 30% from the underside, a move above 30% will be important for market bulls to see. Of course, any move down will be a feather in the market bears cap. 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 financial advisor before making any investment decision.