On Wednesday, the KLCI retreated 7.36 points or 0.46%, closing at 1599.27 points. Since the KLCI is falling below 1600 again, the immediate resistance for the KLCI is at its historical high of 1609.33 and 1600, while the 14, 21, 31 EMA is still serving as the dynamic support, as indicated by A.

As indicated by B, total market volume fell 4.52%, with volume below the 40-day Volume Moving Average. This suggests that the market is still lightly participated, and also implying that investor confidence is relatively still low.

As indicated by C, the Stochastic fell slightly below 70%, triggering the short-term technical correction signal. If the Stochastic should continue to fall, and break below 30%, it would be a short-term bearish signal for the KLCI.

In conclusion, despite the retreat of the KLCI, the uptrend of the KLCI is still unchanged, as the KLCI is still supported by the 14, 21, 31 EMA dynamic support. Even if the KLCI should break below the 14, 21, 31 EMA, it would only suggests that the uptrend is interrupted, and not an immediate reversal. Unless, it should followed by lower-highs formation of the KLCI, then the risk of a reversal would be higher.