PSEi (Chart: Daily Resistance: 4440/4500 Support: 4340/4200)
The index made no progress for last week. It went flatly sideways with high instability. Progress made by the index on one day is taken back on the next day. The sideways movement of the index last week would definitely be an indication that the bounce from the market crash 2 weeks ago has reached the maximum height. There are no bullish indications on the chart that says otherwise.
For next week expect further sideways to downward movement. It is highly possible that the index would just range between the current high and the 130 day moving average.
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