As indicated by A, the KLCI continued Friday's retreat on Monday's early trades, with the KLCI tested the 1655 level. The KLCI rebounded after tested 1655, and closed flat, losing only 0.01 of a point at 1660.22 points. Immediate support for the KLCI is at 1665 while the immediate resistance is at 1668.

As indicated by B, total market volume fell 10%, with volume remains below the 40-day Volume Moving Average. Again, this suggests that the market participation is relatively low, as investors are not feeling confident about the local market.

As indicated by C, although the Stochastic is falling gradually after touching 100%, it stays above 70%, thus showing the short-term bullish signal for the KLCI. The short-term bullishness is expected to continue until the Stochastic should break below 70%.

In conclusion, after breaking above 1655, the KLCI is now having a minor pullback. Technically, to sustain a healthy uptrend, the KLCI would have to have some sort of consolidation or mild correction, and the ideal correction would be a narrow-ranged sideways movement.