As indicated by A, the FBM KLCI managed to stay above the 1535 support, rebounding 8.54 points or 0.55% to close at 1548.25 points. Next support for the KLCI is at 1500 psychological level, while the resistance is at 1566-1570.

As indicated by B, total market volume fell 14.92%, with volume below the 40-day Volume Moving Average. This suggests that the market is still quiet, and it implies that investors are still not feeling confident about the local market.

As indicated by C, the MACD histogram is still rising, while the Rounding Bottom is still intact. This suggests that the KLCI is now at consolidation mood. However, the MACD line is still falling while staying below the zero level, suggesting that the KLCI is trending weak.

In conclusion, the KLCI is consolidating in its downtrend and the technical outlook remains negative. However, if the KLCI should prolong its sideways consolidation, it could help neutralize some of the selling pressure. As for any bullish reversal, it is still too early to tell, as we have yet to see any Higher-lows formation.