On Monday, The Dow dropped a massive 633 points, its largest percentage drop since December 2008 and the sixth largest point drop in the history of the index.
The overnight fall for the Dow was followed by 24.85 points loss for FBMKLCI on Tuesday. .
The low for today found support at 50% FR (1420).
At New York, on Tuesday the Dow swung to its best single-session percentage gain in more than two years.
Consequently, today FBMKLCI recorded a higher close after three straight days with a lower close.
With 50d MA crossed 20d MA from above and prices well below the 200d MA it seem that FBMKLCI is very susceptible to any development in New York.
Any pullback from current downtrend needed a positive market development of New York bourse.
