Market has been in correction from last few weeks. So far we have seen around 5% market correction. BPNYA is currently at 64ish level. What is our "history" teacher telling us!!! Lets understand the probable outcome here!!!
Don't forget to check out our new section "Advanced Strategies" which should provide an insight into following:
Based on the historical BPNYA analysis our confirmation SELL trigger is about to occur as EMA(30) is close to crossing SMA(50) downwards after crossing BPNYA Index downwards earlier....
Lets see if you can decide it with following information:
1st Chart is showing BPNYA levels in 2010 when it was above 70 and corresponding NYSE level
2nd Chart shows current BPNYA levels in 2011 so what should we expect for the markets in coming weeks!!!
What is NYUD?
What is BPNYA?