BPSPX S&P 500 Bullish Percent Index Daily Chart

The BPSPX has not been posted in a while. Remember, the six-percentage point reversals are key stock market signals. The bears were joyous into the April bottom but the bulls recover from 35 to 41 with a market buy signal. The bears battle back in April with a sell signal but that was short-lived with another bull buy signal in May.

The bulls were happy into the June top, but the bears growl again receiving a market sell signal from 64 to 58. The market sell signal remains in play.

From 56.5, adding 6 points, is 62.5 for the market buy signal. Alas, the bulls fall a smidgeon short of this goal so the sell signal remains in play. The bulls need to push the BPSPX above 62.5 and it will be rosy joy for anyone long the market. The BPSPX will then likely track to 70 and higher and the S&P 500 and Dow Industrials will print record highs above the late January record highs.

The bears maintain the market sell signal and will receive a lot of downside juice if the prior low at 56.5 is taken out. Stocks will tumble lower in earnest. The bulls and bears battle between 56.5 and 62.5.  There will be only one winner. Bulls need 62.5+ to claim victory ahead while the bears will win if they keep the BPSPX below 62.5 and will win big under 56.5. 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 Friday, 7/27/18: The BPSPX prints 64.60 so the bulls receive a market buy signal with the six-percentage point reversal to the upside. Remain cautious, however, since the CPC put/call drops to a low 0.74 signaling that a near-term stock market top is near. The bulls and bears are in a fierce choppy battle as evidenced by the BPSPX changing signals six times since March more than once per month.