After falling heavily last week, the KLCI was at an over-sold condition, and on Monday, the KLCI rebounded 6.45 points as a pullback effect, as indicated by A. The KLCI managed to stay above the 1535 support, thus the immediate support remains at 1535 while the next support is at 1500. Resistance for the KLCI stays at 1566-1570.

Despite the rebound on Monday, total market volume fell 26.5%, as indicated by B. This shows that the market sentiment is still weak, as investors are still not feeling confident about the market amid lower trading activities.

As indicated by C, the Stochastic rebounded slightly, but remains below 30%, in its short-term bearish territory. This suggests that the KLCI has not broken away from its short-term weakening movement.

In conclusion, the rebound on Monday is only normal since the KLCI is an index, not an individual stock. Still, rebounds are rather normal in a downtrend, and the rebound on Monday was only technical, not any signs of a reversal. In short, the downtrend remains intact with negative technical outlook.