PSEi - shortened trading week counter productive to US market rally

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PSEi = 3578.55 (1.2%)

PSEi made a doji with a long upper and lower shadow to indicate indecision due to the mixed emotions brought about by the rally at US markets and the Siege of Manila Peninsula last Thursday.

The position of all the moving averages are bullish since they are in their correct order: 130 below 65 below 32.

65 and 130MAs acting as levels of support for PSEi while 32MA will act as a level of resistance.

I do hope that the doji formed last thursday does not abruptly reverse the rally for PSEI.

Resistance: 3643, 3700, 32MA
Support: 65, 130MAs, 3456

Good luck to all traders!
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