The Keystone Speculator's BPSPX Market Indicator is on a double-whammy sell signal. That changed fast; scroll back to review the BPSPX chart from last week and what was expected. The BPSPX loses the 70% level which is a sell signal. The BPSPX then reverses six percentage-points off the 73.60 top to below 67.60 for the double-whammy sell signal.
The stock market will continue trending sideways to sideways lower as long as the BPSPX remains below 67.60. Sideways market choppiness will occur if the BPSPX bounces through the 67.60-70.00 range. The bulls will regain control above 70. The bulls will be on their way to new highs above 73.40 (67.40+6). 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 7:49 AM EST Tuesday Morning, 3/12/19: The BPSPX finishes at 67.80 in the Monday trade that was a huge upside rally. The SPX gains 40 points, +1.5%, to 2783.
Note Added 7:08 AM EST Wednesday Morning, 3/13/19: The BPSPX finishes at 67.60 in the Tuesday trade.
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