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On Friday, the Composite Index closed mixed, ended the day with a small lost of 0.34 point to 926.63 points. As indicated by A, the Composite Index remained supported by the 10 days Bollinger middle band dynamic support. Other support for the Composite Index would be at the 922 Fibonacci retracement and T3 dynamic support. As for the resistance, it is now at 934.53 points.(Study A)

As pointed by B, total market volume on Friday decreased 9.2%, but still remain above the 40 days VMA level. This suggests that the market participation was still active. Provided the Composite Index could remain supported by the Bollinger middle band, the high volume would imply that the market is still resilient. (Study B)

%K of Stochastic is now situated in the neutral region, therefore, the short-term market sentiment at the moment is likely to stay at neutral. If the %K could return to the 70% level, the market outlook for the short-term would improve. (Study C)

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