As indicated by A, the FBM KLCI stopped declining after Monday's sharp fall. The KLCI intra-day rebounded up to 5.89 points but at the end, it only managed to close at 1448 point, up only 1.74% or 0.12%. The 14, 21, 31 EMA is still serving as the dynamic resistance to the KLCI, and the resistance is at 1480, while support for the KLCI is at 1423.

As indicated by B, total market volume increased 10.22%, but still further below the 40-day volume moving average. This suggests that the market is still very quiet, as investors shun equities amid worries of the broader market condition. In short, without sufficient market participation, the KLCI is less likely to regain its strength.

As indicated by C, the Stochastic stays below 30%, in the short term bearish territory. This suggests that the short term movement of the KLCI is weaker.

In conclusion, the downtrend of the KLCI is still intact and technically, as long as the KLCI is trading below the 14, 21, 31 EMA, the technical outlook for the KLCI is expected to be weak, and more downside movement is likely for the KLCI.

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