In the past couple of days, what’s more important is not what’s happening in the Philippines but what’s happening in the macro.
$EDC – 3X Emerging Market bull is challenging a strong resistance. When that’s broken? Money will come flowing in some more.
But $EEM, $EWZ,$FXI – Emerging Markets, Brazil, China – all these have already shown the path is upwards.
– so you think 6500 is a difficult resistance? – wait till those resistances break. 🙂
Of course, until it breaks we will just consolidate.
– Faceless Trader