BPSPX S&P 500 Bullish Percent Index Daily Chart

The Keystone Speculator's BPSPX Indicator remains on the double-whammy sell signal. The bulls were happy in August into early September. The BPSPX tops-out at 79. The six percentage-point reversals and the 70% level are key signals. Thus, a drop below 73 would be a sell signal and then a drop below 70 would be a double-whammy sell signal. Both occur.

The BPSPX drops to 61 a few days ago. Thus, the bulls need a six-point reversal which would be 67. Bulls staged a comeback relief rally into last Wednesday afternoon when a bull trap sprung and chopped the optimistic long's heads off. Price drifts lower again to end the week at 62.2.

The BPSPX remains on a double-whammy sell signal creating stock market negativity as long as price remains below 67. If the BPSPX pops above 67, that will be a buy signal and stocks will be rallying strongly. A move above 70 would be a double-whammy buy signal.

The bulls may mount another mini-comeback rally like early last week. If so, watch that 67 level like a hawk. If the bulls cannot push it above, and the BPSPX rolls over lower, "Sell, Mortimer, Sell!" The stock market will then likely roll over and die. 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 Tuesday Morning, 9/21/20, at 5:20 AM EST: The BPSPX collapses to 49.40 during the Monday stock market selloff. Bears remain in control unless the bulls move the BPSPX above 55.40 (49.40 + 6).

Note Added Wednesday Evening, 9/23/20, at 8:15 PM EST: The BPSPX collapses to 46.20 during today's hump day stock market selloff. Bears remain in control unless the bulls move the BPSPX above 52.20 (46.20 + 6).