As indicated by A, the FBM KLCI had its intraday high reaching 1574.49 points, but at the end, it only managed to close at 1570.61 points, gaining only 2.81 points or 0.18%. For now, the KLCI remains below the 14, 21, 31 EMA dynamic resistance while the support is at 1500 points.

As indicated by B, total market volume fell 27.06%, with volume further below the 40-day Volume Moving Average. This not only shows that the market is quiet, but also implying that investors are still not feeling confident about the local market.

As indicated by C, the Stochastic rebounded a little, but remained below 30%, in the short-term bearish territory. This suggests that the short-term movement of the KLCI is still weak.

In conclusion, after falling for a few days in last week's trading, any rebound would be normal for the KLCI. However, since the KLCI is now below the 14, 21, 31 EMA dynamic resistance, the immediate technical outlook for the KLCI is negative. Meanwhile, if the KLCI should later forms lower-Highs, it would increase the likely hood of a downtrend formation.