Figure 1. PSE Price Chart
With the current performance of the US market at the blink of a major break down. I'm expecting our local market for the week to also either correct or consolidate until farther stability in the US market can be seen. Possible areas of support will be near the 50MA, Fibonacci 3rd fan line support, and the 3130 level. Also I'm expecting some possible market technical rebound for the week due to the fact that the market is nearing the oversold area.
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