PSEi Schiff Pitchfork Median Line Resistance - January 27, 2015

PSEi is already near the Schiff Pitchfork Median Line Resistance around 7660. The Median Line is a a strong resistance which could reject the price from going higher and we have  to take note that  RSI is at 71.54 Weekly  (30-Day Period) which is now in Overbought territory. There is also a Bearish Divergence on RSI. One thing more to consider is the presence of GAP below 7109 that is waiting to be filled in the future.