As pointed by A, the 2nd board index tested the 14, 21, 31 EMA dynamic resistance again on Friday, while still resisted by the falling dynamic resistance. Therefore, as long as the 2nd board remained below the falling dynamic resistance, the outlook for the 2nd board index is likely to stay bearish bias. Nevertheless, the 87.69 points is still the support for the 2nd board index.

Volume for the 2nd board market remained lower on Friday, again failing to touch the 40 days VMA level. Therefore, this suggested that the market participation is relatively still low, and the 2nd board index is likely to stay weak if the volume remained low. (Study B)

Stochastic %D broke above the 30% level; however, the %K started falling on Friday, this is a mixed signal. Anyway, If the %K fell below 30% level again, the short-term movement for the 2nd board index would turn to bearish again. (Study C)

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