PNW shows strong technicals and bullish structure but carries earnings risk.

First one is PNW and I want to also show you here on the left the slim market conditions monitor. Okay, so you can just type in a symbol and you can see in this case the short-term bias.

I can change to whatever time frame you want, but for now I'll just be looking at short-term and you can see in PNW it is neutral.

Again, rising phase that has been going on for for quite some time here, but still holding up. Seeing a little bit of stalling, however, versus this zone from 379 up to around 414. 9:14 to around 112 is when that low is due.

Short-term bullish cycle structure throughout. We have the 78.6 on 38364. You have the old highs at about 399 and you have areas above that of course at 418 to to 442. These areas up here were drawn from this cycle low to that cycle high to that cycle low.

All right. So still you know still good action. Now this has earnings to also deal with. So you have to be you know be aware obviously anything can happen after earnings.

Look at what happened back here, right? This is back in 729. A move that was positive in the ASIM MCI which uses multiple time frames to come up with a some of the evidence condition for the underlying.

It was it has been bullish for a long time. Then it sold off down here. And look at what happened. It moved right to the upper end of that swing zone and started to turn. What happened with the underlying?

It turned right there. What's happening right now? It's doing the exact same thing. Moving right back to that swing zone, trying to turn up.

Like this one got positive back here on 427 and look at how it just held ever since then. this entire time period held close to 100, right? And look at the move that happened during during that time.

It didn't get shaken out by things like this, right? What was happening with the MCI during that time? It it barely drifted, right? So, it helps to give you a sense for how strong that underlying really is too.

So right now, you know, the RS is positive on the 2hour as is the slim ribbon dip. Buyers came in as it moved into that gap. So holding up still very very well here as well in PanW.

Watch the most recent swing lows closely in names like PNW, FT&T, CR, WD, those names which have been leaders and and really still are. That is your key line in the sand on the downside to say that there is something else happening here.