PSEI November 2016

The PSEI took a hit once again. This time after the US elections; Trump won BTW.

Investors (and traders) are now pulling out as they try to recabibrate and observe the effects of Trump’s victory.



Update November 20, 2016

Its amazing how it follows the fibonacci retracement levels for every bounce. Lets wait for the real signs of reversal. Crossing one of the moving averages is an early sign of reversal. Caveat!

-Long term pattern: Double Top
-RSI: bounce from oversold
-Stochastic: bounce from oversold
-ADX: trending down



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