On Friday, the FBMACE continue to fall, and testing the 14, 21, 31 EMA dynamic support, losing 57.98 points or 1.37% to close at 4174.45 points. Resistance for the FBMACE remains at 4350 while the next support is at 4050.

As indicated by B, the Stochastic fell below 70%, which ended the short term bullish signal, and also suggesting a beginning of a short term technical correction signal. If the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

As indicated by C, the MACD Histogram started to fall, and could be forming a Rounding Top. Technically, the falling of the MACD histogram suggests that the FBMACE is losing strength.

In conclusion, since the FBMACE is still staying above the 14, 21, 31 EMA dynamic support, the uptrend is still intact. However, as illustrated by the dotted line, the FBMACE has formed lower-highs, thus suggests some weakness. However, the formation of a downtrend needs not only formation of lower-highs, but also a new low, which means breaking below a recent support. Therefore, if the FBMACE should stay above 4050, it would be form a downtrend.