As can be seen from the chart (the 5-min.) below, it consolidates tightly for almost three hours between 11800 to 11850 level.
It formed the classic cup with a handle pattern.
It is still a bearish sentiment on the part of the participants because it did not finish/close with the high of the day which is the 12000 level.
Unless a favorable news event that will develop before the market opens on Monday from Europe especially from the Greeks, a potential bear trend is possible.
But overall indications on the daily chart points to a bullish trend, it is just showing a slight pullback.
The participants are already used to the news driven market, and traders especially the short termers are on the cloud.
As for the investors (the longs), they are positioning slowly.
Let's just trade what we see this coming Monday.
