As indicated by A, the FBM KLCI did not rebound, and ended 5.91 points lower to close at 1631.58 points. Since the KLCI is still below the 14, 21, 31 EMA, the immediate technical outlook for the KLCI is now negative. Next support for the KLCI is at 1625.

As indicated by B, total market volume increased 13.88%, but still below the 40-day Volume Moving Average. This suggests that the market participation is still relatively quiet. This is partly due to the weakening foreign markets performance, as well as the shortening of trading days due to festive holiday, and investors are likely be extra cautious.

As indicated by C, the Stochastic stays below 30%, and now falling below 10%. This shows that the short-term movement of the KLCI is still weak, and also signaling a short-term over-sold condition.

In conclusion, the KLCI has fallen many days without really rebounding. Based on the behavior of the KLCI over many years, this is not anything new, but still consider quite rare. The last time where the KLCI had fallen many days without any obvious rebound was between September 9, 2011 to September 26, 2011. During that time, the KLCI only had 1 day of rebound out of 11 trading days. And for present, the KLCI has fallen 8 days with only 1 day of insignificant rebound on the November 9^th, where by the KLCI rebounded only 0.01 of a point. Therefore, the KLCI is at an over-sold condition. Technically, the KLCI is still at its technical correction stage, and until, we still haven't seen a confirmation of any downtrend formation.