SPX continue to go higher and hit all time high, wave count suggest we could see 1900 soon. And Dow Jones need to make new high as well as they are lagging.
PSEi is looking to form a breakout pattern on its Medium term downtrend around 6500-6520.
If PSEi becomes successful, we may see 6650 resistance soon, then 6800. RSI now at 71, Overbought condition but no Divergence as of this moment, people who bought at 5800 may take some profit taking but not recommended to sell everything yet.
Jakarta is also looking to breakout to its medium term resistance at 4670. I believe PH and INDO will be in tandem for 2014 and could be the World's top Emerging Market YTD, but its still too early to call, I just believe for the reason that PH and INDO was +2% for 2013 which Europe and US got +25 to +30%.
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