Philippines Stock Exchange Update – 03/09/23

The daily Philippines Stock Exchange chart (PSEI) courtesy of Trading View updates the action.

The PSEI has broken below the bottom of the presumed wave ( E ) of the multi-year Elliott wave – Horizontal Triangle at 6,537.52.  This opens the door to the next support zone around 6,430 noted in the 03/04/23 blog “Philippines Stock Exchange – Five – Year Pattern”.

What happens to the PSEI could depend on the reaction of U.S stocks to the monthly U.S employment report due out at 8:30 AM – ET 03/10/23.


Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Advantage,, and Finance Magnates.

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