As indicated by A, the FBMACE tested the 4050 support again on Tuesdays, with its daily low reaching 4047.83 points, before closing at 4079.58 points, losing 21.19 points or 0.52%. If the FBMACE should break below 4000~ 4050 support, the next support is seen at 3884 Fibonacci Retracement line.

As indicated by B, the Stochastic remains below 30%, in the short term bearish territory. This suggests that the short term bearish signal is still intact.

As circled at C, the MACD histogram is still falling, thus suggesting that the FBMACE is still losing strength. The weakness of the FBMACE is expected to continue until the MACD histogram form a Rounding Bottom.

In conclusion, the FBMACE has earlier formed lower-high, and if the FBMACE should break below 4000~4050 support, it would have shown the characteristic of a downtrend formation.