Market is running out of timeRising wedge remains in play as it...

Market is running out of time

Rising wedge remains in play as it seems we have another extension but it won't last forever

Still hopeful for a fake market breakout towards 8350 before the correction comes but I wouldn't be surprised if the market dumps again on Monday & keeps grinding out a slow rising wedge for the rest of the week

Unfortunately PNV is sitting at the bottom end of another sell cycle once again (at least with higher lows) completely ignoring the market over the past few months

The only price point I'm keeping an eye out for on Monday is 2.43 (technically we should already be back above 2.49)

Anyway, this needs to get off the floor before the correction comes

The best we can prob do is go back to 2.67 before closing out the month around 2.48 (based on the market correcting to 7900)

Once the market correction is out of the way, the real rally can begin

Hopefully this doesn't break down before that

Again I will state that PNV is falling not because of sellers but because of the lack of buyers (profit takers)
I'm guessing they're all waiting for the market correction to buy back in (that's speculation & not based on fact for anyone that wants to get upset about my opinion)

It would be funny to see PNV rally during the correction so everyone that waited to buy back in is either stuck out of the market or has overpay to get back in