BPSPX Bullish Percent Daily Chart Market Buy Signal

The bulls are crushing the bears hopes for further downside. The BPSPX reverses six percentage-points from the 40.8 bottom (above 46.8) to 48.60 which creates a market buy signal. The bears received the sell signal reversing six percentage-points off the top and then received the double whammy sell signal when price fell through 70%. That was a great confirmation signal that locked in the stock market selling, until now.

Since the bulls now have the market buy signal, the bears will have to reverse six percentage-points (48.60 down to 42.60 and lower) to regain the market sell signal. Bulls will receive huge strength and be heading for SPX 2000 again if the 70% level is taken out. 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.