On Friday, the KLCI fell 4.77 points or 0.30% to close at 1591.85 points. As indicated by A, the KLCI is still testing the 14, 21, 31 EMA dynamic support, and if the KLCI should break below the 14, 21, 31 EMA, it could mark an end to the uptrend which started in October 2011. Resistance for the KLCI stays at 1600-1609.33 points.

As indicated by B, total market volume fell 4.49%, with volume failing to break above 40-day Volume Moving Average. Generally, if the market is falling, a lower volume is usually normal. But if the market were to fall with high volume, it suggests an increase of selling pressure.

As indicated by C, the Stochastic fell below 30% by margin. If the Stochastic should continue to stay below 30%, it would be a signal suggesting that the KLCI short-term is entering the short-term bearish territory.

In conclusion, the uptrend of the KLCI is still in place, but if the KLCI should really break below the 14, 21, 31 EMA and later forms Lower-highs, it could be an early suggestion of a downtrend formation.