On Tuesday, the KLCI extended its gain by gaining 10.38 points or 0.67%, closing at 1565.32 points. As indicated by A, the KLCI is now testing the 1566-1570 resistance. Supports for the KLCI stays at 1535 followed by 1500 psychological level.

Despite gaining over 10 points, total market volume is still below the 40-day Volume Moving Average. This shows that inventors are still being very cautious amid the uncertainties in the European market.

As indicated by C, the MACD line is crossing above the Trigger line, which triggered a positive signal. However, do note that the MACD has triggered the similar signal on the 10^th of May, while the KLCI stays in its downtrend. Nevertheless, this is an early signal for reference, but the reversal of trend would still have to be based on price (or index points) of the KLCI.

In conclusion, short-term movement of the KLCI is still improving, with indicators such as MACD and Stochastic are showing positive signals. However, from trend analysis point of view, the downtrend of the KLCI remains intact, and the current short-term improvement is still considered as a technical rebound.