We are hearing about PULLBACK from past 3 weeks in news, TV channels, trading blogs, etc but see how market has managed to creep higher slowly and steadily. Those who prematurely exited the market, hearing to all that noise are getting frustrated as they missed the upside while those who are waiting for pullback are getting impatient as market keeps creeping higher without any real pullback. But we believe all those who are following this blog are very much at peace... Let's look at current BPNYA Index chart below. It is clearly visible that BPNYA line after being flat for a while is finally converging towards EMA(30) and shall cross it most likely in next week. That would be our trigger for SELL signal. Possible Market direction probabilities:
In short, do not rush into anything without a plan and strategy. Avoid noise and be patient. Comments are closed.
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