PSEi went above 6200 resistance and reached 6260 intra day, but closed near 6200 at 12noon. if PSEi goes above 6200, we see still see an alternative downward resistance at 6260.
Market is a bit tricky, market must go above 6200 and 6260 , before we can declare that short term downtrend probably is over - and could be going to a sideways to up pattern or sideways pattern.
If PSEi resumes its downtrend:
1st support 5950
2nd support 5700-5800
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