Figure 1: PSE Index Chart
Nothing much has change to our index last week. It moved sideways most of the week. I am expecting same thing will happen this week, specially now that our index is already at short term overbought area as indicated by my second indicator above. The holiday season is also fast approaching and many traders will be on vacation soon. The catalyst I am looking at right now is how it will react to the current US market sentiment. The US market has rallied last Friday and is on a possible mini rally on the days to come. Lets see what will happen this week. Good luck to your trades and a blessed Christmas to all.
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