Figure 1: PSE Index Chart
Last week our index has continued to move sideways, just like what I have expected it to do. But something just bothered me during the last 3 trading days, aside from slowdown in momentum upward. It is now starting to move and accelerate downward. Once the price channel is broken the immediate support I will be watching is the 20 moving average line at 4275. If that won't hold then the next major support to look at will be the confluence of the 50 and 200 moving average lines at 4175 to 4180. Good luck to your trades.
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