Hypothesis tests are conducted not only to determine whether a null hypothesis (H0) is true but also to determine the direction or sign of an effect. A simple estimate of the posterior probability of a sign error is PSE = (1 - PH0) p/2 + PH0, depending only on a two-sided p value and PH0, an estimate of the posterior probability of H0. A convenient option for PH0 is the posterior probability derived from estimating the Bayes factor to be its e p ln(1/p) lower bound. In that case, PSE depends only on p and an estimate of the prior probability of H0. PSE provides a continuum between significance testing and traditional Bayesian testing. The former effectively assumes the prior probability of H0 is 0, as some statisticians argue. In that case, PSE is equal to a one-sided p value. (In that sense, PSE is a calibrated p value.) In traditional Bayesian testing, on the other hand, the prior probability of H0 is at least 50%, which usually brings PSE close to PH0.