Weekly BP vs SPX 101215

 

 

 

The weekly BP for the past week reached 165 a level not seen since Feb 2014. This shows a broader market participation of buying activity. And it is an indicator of the BULL is taking control again.

Expect a good run up from here the next 2 months. And if it dips the next two weeks, while the BP not become too negative, it is buying opportunity.