PNV - Chart, page-19588

Cpi data in the US tonight (wild swings expected in markets)
We have some data at 11am (doubt it does much to our markets)

Bears had a chance at 2am to spike the vix but didn't happen
That's irrelevant if the vix doesn't make lower lows as they will just try again (vix does need to fall to push markets higher)

Not much to add for PNV
Too many variables to pinpoint an exact path
ASX market still trading well above PNV
So either PNV catches up to market to the market falls to meet up with PNV

If PNV can hold 2.35 this week, close the gap in 1 session flush rather than stay down there, would be better off (gap at 2.37) & we remain in the uptrend since april

I still think PNV should be priced in the 2.60s based on our market conditions
Bears lost their downtrend when they lost 2.33 but they haven't reset yet & the late bears will try rebuild a downtrend if bulls keep throwing away their shares or stay out of the market
Bears did start the downtrend on the 14th august at 2.60
So if they reset below that point, they will feel that they made gains & will go again with more effort

If enough bulls that bought the dip, then we have a tonne of bears that still need to cover
Pressure now back on the bears to contain this before it runs away from them