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Indicator Of The Day (Video): S&P 500 Bullish Percent

|About: SPDR S&P 500 Trust ETF (SPY)

Our Applied Stock Market Indicator of the Day (in ~60 Seconds) is: S&P 500 Bullish Percent.

The S&P 500 Bullish Percent Index is a breadth indicator that shows the percentage of S&P 500 stocks on Point & Figure Buy Signals. Is it a useful indicator?