The BPSPX nullifies the double-whammy sell signal over the last month now displaying a stock market buy signal. The BPSPX bottomed at 46.20 and reversed six percentage-points to 52.20 issuing the buy signal. The bulls are in good shape now with this tool and will continue to try and build on the upside. The bears will need a six percentage-point reversal to regain market control. Thus, 53.4 - 6.0 = 47.4. Stock market bulls will be okay as long as they keep the BPSPX above 47.6. If 47.6 fails, stocks will be falling apart. 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 Wednesday Morning, 9/4/19, at 5:45 AM EST: The BPSPX ends the Tuesday session dead-flat at 53.40 despite the market negativity. Bulls are happy with that.
Note Added Thursday Morning, 9/5/19, at 4:35 AM EST: The BPSPX is at 54.00 so the bulls are happy. Taking 6 away from 54 is 48 so this is what the bears need to regain a market sell signal.
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