PSE / PSE Indices
The index has already surpassed the lowest point of March and is still trending downwards.
Just the facts. Fact #1: the index is below the three moving averages and everything is in the bearish firing order. Fact #2: the trend is downwards, even for the short-term. Fact #3: the MACD is oscillating below the zero line. All three facts tell us it’s a bear market.
That leads us now to the next question: Where is the next support for the index? Based on earlier data, it seems that the index could revisit the base of 2568. We hope it bounces off that because if things don’t reverse after retesting that area, we could be in for a longer bear market than expected. 
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