As indicated by A, the FBMACE fell 70.53 points or 1.65%, to close at 4195.92 points, while testing the 14, 21, 31 EMA dynamic support. Resistance for the FBMACE remains at 4500.

As indicated by B, the Stochastic fell below 70% and 50%, which ends the short term bullish signal, and at the same time, triggered the signal suggesting a beginning of a short term technical correction. If the Stochastic should fall below 30%, it would be entering the short term bearish territory.

As indicated by C, the +DI line of the DMI is falling again, and now getting closer to the -DI line. If the +DI line should cross below the -DI line, it means that the bullish signal of the DMI is over. But as for the beginning of the bearish signal, not only that the -DI line would need to be rising, the ADX line would have to be rising too, in order to confirm such signal.

In conclusion, despite the fall on Friday, the uptrend of the FBMACE remains intact, as it is still above the 14, 21, 31 EMA dynamic support. If the FBMACE should break below the 14, 21, 31 EMA, it would mark an end to the uptrend.

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