KLCI continued its downfall on Monday, ended the day 53.99 points lower to 1110.69 points. As pointed by A, the 14, 21, 31 EMA is still falling while serving as the dynamic resistance. Therefore, as long as the KLCI remained below the falling dynamic resistance, the outlook for the KLCI is likely to stay negative. (Study A)

Total market volume rose 46.4%, breaking above the 40 days VMA level. If the KLCI was to rebound and retest the falling dynamic resistance, more volume is required to help the KLCI to regain its strength. (Study B)

As circled by C, Stochastic is still situated below 30% level, therefore, the market movement for the short-term is likely to stay bearish; until the Stochastic rises and breaking above the 30% successfully. (Study C)

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