Very silent PNX. A calm before the storm?

PNX has been silent for quite sometime now. From below 5.0 in late June it went up at 6.27 but after that it fell with consecutive red candlesticks dropping back to 5.0 The silence of PNX may bring some good movement soon. Whether up or down, it remains to be seen but in case it will go up, resistance will be around 5.60

Caveat!

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