2nd board index rebounded on Friday, ended the day 1.03 point higher to 96.56 points. As indicated by A, the 2nd board index successfully rebounded from the rising 14, 21, 31 EMA, and therefore the 14, 21, 31 EMA shall continue serving as the rising dynamic support to the 2nd board index. Provided that the 2nd board index could remained above the dynamic support, the uptrend for the 2nd board index is likely to sustain. (Study A) Nevertheless, the immediate resistance for the 2nd board index is at 96.85 points.

On Friday, volume for the 2nd board market remained above 40 days VMA level. This suggested that the market participation is still relatively active. Therefore, provided that the volume could maintain above the 40 days VMA level, the bullish sentiment is likely to sustain. (Study B)

Since the 2nd board index rebounded successfully, it pays to study the MACD histogram. If the histogram could rise and formed a rounding bottom, it shall be an end to the technical correction of the 2nd board index. (Study C)

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