Bullish Percent

Bullish Percent

The Bullish Percent is giving a read that means the smart money is still taking profits, and it does not look the best. There still seems to be room to move on the downside, however we will see what happens in the coming weeks.

Bullish Percent

Realistically the market has been going sideways for a few weeks, annoying most investors, however we feel that the market will soon need to break this range very soon.


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The Bullish Percent Index

The Bullish Percent Index & SPX chart

The Cypres News is still not playing well with the market, as you can see we have not really done much over the last week or so. Each time the market gets up to the highs, they are rejected.

spx chart

The bullish percent index, now has a lower high, and most the time that does not bode well for the market. The next week or so, are going to be very critical if the bulls if they want to regain their footing. So far they are losing the fighting battle. 

bullish percent index

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