Keystone's BPSPX Indicator Daily Chart

The market bears cannot catch a break.  Each hint at downside traction results in a new upside thrashing. The BPSPX topped at 83.40 on 2/19/13 so the bears need a six-percentage point reversal to receive a market sell signal. That level was 77.40. Things were going okay for bears as the BPSPX drifted lower, but then the bulls launch the SPX higher once again now printing a new high for the BPSPX at 84.40. Alas, the bears must now set sights on the new sell signal level at 78.40. Then, when the BPSPX drops through 70%, the market selling will be in full force. The BPSPX is a rising wedge with overbot conditions and negative divergence so the price action should top out again now and roll over. Perhaps the bears will have better luck on the next path lower. This signal is updated regularly on the Other Signal page. The bulls will continue partying if the BPSPX stays above 78.40. The party is over when 78.40 fails. 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.