2nd board index continued its correction on Tuesday, ended the day 0.20 of a point lower to 95.77 points. As pointed by A, the 2nd board rebounded at 21 days EMA on Tuesday and therefore, the 2nd board index is now situated in a congestion zone in the 14, 21, 31 EMA, therefore, the outlook for the 2nd board index is unclear.

Volume for the 2nd board market declined 23% on Tuesday, failing to stay above the 40 days VMA level. Generally, when the 2nd board index is consolidating, a decline of volume is usually normal. However, if the volume continued staying below the 40 days VMA, the sentiment for the 2nd board market would turn weak. (Study B)

As pointed by C, the Stochastic %K remained falling. If the %K line fell below 30% level, it shall be the first short-term bearish signal. If the %D line fell below 30% level, it shall confirm the %K signal and the short-term movement would turn from neutral to bearish bias. (Study C)

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