Exercise #3 Shown here are four scenarios for the NYSE Bullish Percent. Click the most appropriate scenario given the description. 2.)In evaluating your individual positions in the account, you find that most stocks are still on buy signals but some stocks are starting to give initial sell signals and many are coming from well above their bullish support lines. You've started to use some protective puts in your account. Which NYSE Bullish Percent picture is most likely to correspond with this situation? Your answer was D. Scenario D Incorrect. The NYSE Bullish Percent is in a column of O's and on defensive so yes, defensive plays are the order of the day. The give away in this question is that most stocks are still well above their bullish support lines. This type of scenario typically happens when the NYSE Bullish Percent is reversing from high levels. With the BPNYSE at 44%, that means 56% of all stocks are already on sell signals. Go back to the question.