PSEi bearish Signal

The Philippines index PSEi Composite Index, seems to have hit the top of the Resistanceline and dropping down.
How far down will this index fall, before buyers are taking over ?
Our guess is, that the Index will fall down to area 8170-8200 within a week. But we believe the Index will start to raise again when Supportline has been tested.
Overall, we believe that PSEi is in strong uptrend and will continue to be for some time.

PSEi bearish Signal

PSEi bearish Signal