As indicated by A, the FBM KLCI continue its rebound on Tuesday, gaining 7.93 points or 0.52% to close at 1546.84 points. Resistance for the KLCI remains at 1566-1570 while the supports are at 1535 followed by 1500 points.

There were 479 gainers against 245 losers, and this shows that the overall market is at a rebound mood. However, as indicated by B, total market volume remains below the 40-day Volume Moving Average, and this suggests that the market is still quiet, and there is no improvement in investor's confidence yet.

As circled at C, the MACD histogram stopped falling, and could be forming a Rounding Bottom. If the MACD histogram continues to rise, it suggests that the technical rebound of the KLCI is still intact. Do noted that a Rounding bottom of the MACD histogram does not mean a Rounding Bottom of the index or price.

In conclusion, the rebound on Tuesday is still considered as technical rebound for the KLCI, and the downtrend of the KLCI remains intact. Meanwhile, the 14, 21, 31 EMA is serving as the dynamic resistance to the KLCI, and as long as the KLCI is still staying below the 14, 21, 31 EMA, the technical outlook for the KLCI shall remains on the negative side.