PSEi - likely to break demand line

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PSEi = 3479.37 (-0.60%)

PSEi formed a gap down black candle. Volume decreased.

Given the dismal performance of the US market last friday, PSEi likely to break demand line. Look for support at recent low of 3414 or 3258 (yikes!).

It it more certain than not that PSEi will have a very bloody market come Monday's trading...

US makets heralds recession with increase in unemployment rate...

Careful traders...
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