BPSPX Bullish Percent Index Daily Chart

The BPSPX remains on a double whammy sell signal. The six percentage-point reversals are key and then the crosses of the 70% level. Bulls had the double whammy buy signal in November. Bears receive the double whammy sell signal a week ago. Equities sell off and the BPSPX drops to 62.40. Keeping the math easy, the bulls need to cross above 68 to receive a market buy signal and then above 70 to create the double whammy buy signal again. Bears simply need to keep the BPSPX under 68 and heading lower and they will maintain control of the stock market going forward.

On the lower side, the 35% level is key just as the 70% level is on the upper side. The Fed and other global central bankers have pumped the stock market higher for six years so the BPSPX remains elevated. As the months and years move forward, the BPSPX will venture lower and the 35 level will become key instead of the 70 level. 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.