On Tuesday, the FBMACE has its intraday low touching 4111.54 points, but the FBMACE started to rebound during the afternoon session, and was able to regain some of its early losses, to close at 4141.27 points, losing 10.20 points. As indicated by A, the FBMACE is still testing the 14, 21, 31 EMA dynamic support. Resistance for the FBMACE stays at 4350, while the support is still at 4050.

As indicated by B, the Stochastic is still falling, while staying below 30%, in the short term bearish territory. This suggests that the short term movement of the FBMACE is still weak.

As circled at C, the MACD histogram is still falling, thus not forming a Rounding Bottom. The falling of the MACD histogram suggests that the FBMACE is still losing strength.

In conclusion, after forming lower-highs a few days ago, the FBMACE is showing some weakness, but not yet forming a downtrend, for the FBMACE has not broken below its support of 4050. If the FBMACE could break above the dotted descending line, it would have a chance to consolidate, while avoiding the downtrend formation.