Think of BPSPX as a guide and focus on Price for actual triggers - the bullish percent tends to coincide with waves.  This is by no means a formal system but provides some useful backdrop.  Stick around and listen to every newsletter religiously and you will learn many things over the next year. 

There are no signals sent out on the BPSPX but you can use the "Live Chart" URL to watch the chart yourself.  The last signal coincided with the gap out of the 30 min wedge and was a good place to go long.  I am hesitant to use it by itself but like to find other triggers to verify, such as pattern breakouts.  The stop would go below the low that was made before the signal but I use the 120 min DVTS to manage stops.