BPSPX S&P 500 Bullish Percent Index

The 6 percentage-point reversals and 70% level are key for the BPSPX indicator. In May, the double-whammy sell signal was short lived. The bulls send the BPSPX above 70 for a buy signal and the 6-point reversal occurs in early July for the double-whammy buy signal.

The bears fight back in August sending the BPSPX under 70 for a sell signal and then under 69.5 for a double-whammy sell signal. The stock market bottoms in August and the bulls rally stocks higher. The BPSPX moves above the 70 level and prints a 6-point reversal during September for a double-whammy buy signal which remains in play. The bulls are unstoppable with the central bankers and happy tax-cut talk pumping stocks higher.

The bulls are in good shape unless the BPSPX slips under 70 which would be a sell signal. If the BPSPX drops under 66.80 (72.80-6.00) a double-whammy sell signal would occur. For now, the bulls rule the stock market. 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.

Note Added 10/24/17: The  bulls keep slapping the bears in the face. The BPSPX rises to 73.00 and is now at 762.40. So the bears need to send BPSPX under 70 to confirm downside mayhem and then below 67 to confirm downside carnage. Bulls are fine and on easy street above 70.