As indicated by A, the 2nd board index rebounded 0.95 of a point after rebounded successfully from the 14, 21, 31 EMA dynamic support. Therefore, the 14, 21, 31 EMA is still serving as the dynamic support to the 2nd board index, and provided that the 2nd board index is still staying above the dynamic support, the uptrend will resume.

Volume for the 2nd board market increased 19.6% as the 2nd board rebounded. However, the volume is still below the 40-day VMA level, suggesting that the participation of the 2nd board market is relatively insufficient. If the market can increase and stay above the 40-day VMA level, the uptrend is likely to sustain. (Study B)

On Thursday, the Stochastic %K rebounded in respond to the 2nd board index rebounded. If the Stochastic %K line can break above the 70% level, it would trigger another short term bullish signal, and the market movement for the short term is likely to be bullish biased. (Study C)

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