On Monday, the KLCI fell 5.61 points or 0.35% to close at 1597.51 points. As indicated by A, the KLCI is testing the 14, 21, 31 EMA dynamic support, while the resistance stays at 1600-1609.33 points.

As indicated by B, total market volume fell 22.16%, with volume below the 40-day Volume Moving Average. This clearly shows that the market is lightly participated, and still there is no sign of improvement of investor confidence for now.

As indicated by C, the Stochastic failed to stay above 70%, and now touching 50%. If the Stochastic should stay around 50%, it suggests that the short-term movement of the KLCI is likely to be consolidating in a sideways manner.

In conclusion, despite the retreat of the KLCI with the Stochastic falling below 70%, the uptrend of the KLCI remains intact. The KLCI is only consolidating in its uptrend, and there are still no signs of any bearish reversal. However, if the KLCI should extend its uptrend by breaking above its resistance, more volume is needed.