As mentioned in the previous analysis, if the 2ndboard should rebound from the dynamic support, it is likely to resume its uptrend. On Wednesday the 2ndboard index rebounded from the rising dynamic support successfully, closing 1.67 points higher to 109.06 points. Although the 2ndboard index has broken above the 108.75 level, it must stay above the 108.75 level in order to be considered as a valid break out. Nevertheless, provided that the 2ndboard is supported by the rising dynamic support, the outlook for the 2ndboard index is bullish biased. (Study A)

Volume for the 2ndboard market increased 64.9% and it managed to break above the 40-day VMA level. If the volume should continue staying above the 40-day VMA level, the bullish sentiment for the 2ndboard index is likely to sustain. (Study B)

As circled at C, Stochastic has returned to above the 70% level, which is the short term bullish region. Therefore, the Stochastic is suggesting a short term bullish biased movement for the 2nd board index. (Study C)

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