Due to the last Friday's losses of the US market, the KLCI retreated 14.01 points or 0.92% on Monday, closing at 1509.06 points. As indicated by A, the KLCI is now testing the 14, 21, 31 EMA dynamic support as well as the L1 uptrend line.

As indicated by B, total market volume fell 18.71%, with volume below the 40-day volume moving average. This suggests that the market is relatively quiet.

As indicated by C, the Stochastic fell below 70% and 50% on Monday, which marks an end to the short term bullish movement. The Stochastic is now testing 30%, and if the Stochastic should break below 30%, it would be entering a short term bearish territory.

In conclusion, despite the retreat on Monday, the uptrend of the KLCI remains intact,as long as the KLCI could stay above the 14, 21, 31 EMA. If the KLCI should break below the dynamic support, the uptrend could be violated, but it does not necessary mean an immediate bearish reversal.