Market uptrend (from the 12th march) continued overnight as bears continued to scramble to cover (prevent bulls from going anywhere) No interest rate cuts from the US overnight (obviously), but they had their first projection cut in 6 months I have failed dips from bears on the 14th & 19th march So, they should be able to continue the uptrends as long as they can wipe out previous resistances
Brakes are still on, but PNV should be able to hold 1.23 today Closing above 1.23 jumps yesterday's fence (failed yesterday at 1.26) & gives us access to 1.41 by next week
Xjo looks to have jumped yesterday's fence but the next fence to jump is still stuck at 7870 Until we can clear 7920, fake suppression remains & dumb bears will keep shorting Taking out 7920 & PNV bulls should be able to take out 1.30 The only other way we jump 1.30 is bears cover part of their 50m shorts (as technically PNV should still be priced around 2.10 & should be getting ready to make its way back to 2.40 once all this manipulation is over)
I've kept my buy signal off because as soon as bears have covered enough, they will dump & take out all the late bulls I will turn it back on when we need dip buyers, not idiots chasing prices higher
Cue the useless dumb comments from Aldumbo now
PNV Price at posting:
$1.25 Sentiment: None Disclosure: Held
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