PNV - Chart, page-19423

Another batch of bears got it wrong again last night
Surely they need to get punished today

Yesterday we tested support at 2.56
It held
To be fair they need to test upper resistance now which is 2.67/2.69

If the xjo closes above 8005 today, we can continue to grind higher
Just like when we closed above 7970 yesterday

I assume bears will be trying to short every single day now until friday
They just need to see any weakness to take advantage of
8030 is the last major resistance we need to get through this week before we can get access to 8130 again
If we get through 8030 this week, we should get through 2.69

I just hope we can get the market high enough before the next flush so the xjo can close at the eom above 7900 (PNV to close above 2.50) to continue for a mid September record market high before another big october correction
Then the mountain of all rallies to finish the year

There is another vix spike coming (those big spikes always come in 2 but the 2nd won't be as high)
The longer it takes to come, the higher markets can reach & the higher the subsequent lows for stocks