As indicated by A, the FBMACE failed to return to above 14, 21, 31 EMA, and tested its support of 4050 on Monday, losing 32.48 points or 0.79%, to close at 4100.77 points. The L1 line is still the dynamic resistance to the FBMACE.

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

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

In conclusion, after forming lower-highs, and now breaking below the 14, 21, 31 EMA, the FBMACE continues to show weakness. Technically, if the FBMACE should break below its support, it would be a signal suggesting a beginning of a downtrend.