PSE / PSE Indices
The suffering continues. The suffering of waiting for the bull market to come, that is.
Again, the index has been consolidating near the recent lows made by the PSEi. It’s bad only because the anxiety of the public grows. We all know what happens when uncertainty grows in the market. People tend to do stupid things without thinking things through. But enough about emotions, we all have to surpass this.
If my eyes don’t deceive me, an alert signal has already been raised since last month when the MACD has shown a bullish divergence against the price. Although this is not 100% accurate, it is still a fairly effective indicator to give us an idea that there is an impending trend reversal. With this, we need to wait for a clear reversal pattern to form, if any.
But before we get our hopes up too high, let me remind you that the short-term trend is still bearish with the index below the 3 moving averages, and they’re all in the bearish firing order.
Patience is really a virtue. But like all of you, I want the bullish reversal to happen NOW! 
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