- Most likely, market will have a slight pullback and all those who missed the rally will use that as a buying opportunity. This might push the market up again. All along BPNYA might stay above 70, but may end up crossing EMA(30) few times generating SELL/BUY signal (however we do not consider BUY signal when BPNYA is above 70). Finally BPNYA may slide below 70, which might mean market goes through a meaningful decline.
- Market may experience a decline based on global news, especially news out of Euro-zone. However the decline will be contained but may provide a good buying opportunity.