First of all, I must say that my passion for doing write-ups is fading away, especially when I'm not sure if my works are ever been appreciated. However, as I have been writing a series of technical views on FBMKLCI since Dec last year, I feel that I should continue writing follow-up articles until FBMKLCI breaks new high, so that readers can steer away from incorrect market sentiment.
Do keep in mind I'm doing all these out of personal commitment, and I'm not benifiting from these write-ups in any financial manner.
I'm doing this purely in line with the spirit of 'sharing is caring'.
Okay, enough of mumbling, lets dig into the main points.

This is the daily chart of FBMKLCI.

Since 20th of Jan, after I posted my bullish stance on FBMKLCi, it has rallied more than 41 points within two weeks.
In the last two trading days, FBMKLCI has closed with two spinning top candles which resembles bearish reversal.
However, the purpose of the article is to remind everyone that FBMKLCI rally is not finished yet, contrary to popular beliefs of brokers/remisers/broker house/ analysts.
Why is this the case? This is because FBMKLCI has been rallying since 20th of Jan with expanding volume. In fact the volume for today is the highest since 15th of Dec.
This means that the buying pressure for FBMKLCI component stocks was increasing quietly and hence the rally is sustainable!!
Remember that FBMKLCI has rallied more than 100 points non-stop so far, and the index dont even bother to break down, it has chosen to move sideways during correction.
Those who are saying that market is overheated and hence major correction is coming soon will be all wrong again, slapped by FBMKLCI rally again and again, just like what happened since 2nd of Jan 2018.
When all the 'pro's called for market correction, and claimed the FBMKLCI rally was just a mere window dressing in the begining of 2018, they were all proven wrong, when market refuse to break down according to their view.

Keep calm and expect FBMKLCI to retest 1896.23 real soon!

This all then lead me to another interesting observation about main market these few days.
Although FBMKLCI was fairly bullish recently, the sentiment of index didn't seemed to trickle down into the main market. In fact we are seeing a lot of losers vs gainers in recent days despite positive closing of FBMKLCI.
Why? Based on my personal opinion, this is because as the FBMKLCI is approaching previous historical high, it will be way more easier to build negative sentiment, as if people are expecting market to crash soon.
This will create a conducive environment to force/scared people into selling, so that market maker/operator/ whatever can collect more shares before lifting up the share price to higher level.
If FBMKLCI is approaching previous all time high with bullish sentiment all over the market, then we really should be worried, because when everyone is bullish, that market correction is really imminent.
Instead, currently FBMKLCI is approaching previous historical high under bearish pretense (many losers vs gainers).
This is a healthy situation because it means market is actually not overheated as per analysts' claims.
If you are trading FBMKLCI component stocks, or FKLI, I hope this clears your confusion.

Don't fight against the tide, don't be at the wrong side of tide, don't be overly bearish.

May the force be with you.

Refer to my previous posts for more information
Advanced Technical Analysis: FBMKLCI more immediate upside awaiting.
(Jan 23, 2018)

FBMKLCI: Now what? - A detailed technical analysis
(Jan 20, 2018)

Reverse Technical Analysis: FBMKLCI throwing smoke bomb to induce maximum fear.
(Jan 18, 2018)

FBMKLCI engine is still warming up, more bullish rally to come
(Jan 13, 2018)

FBMKLCI one piece of puzzle left before confirming 2018 bull market
(Dec 30, 2017)

FBMKLCI quietly embarking a strong uptrend!
(Dec 27, 2017)

FBMKLCI rally was just an appetizer
(Dec 21, 2017)

FBMKLCI staging comeback boat, profit taking overdone.
(Dec 19, 2017)

FBMKLCI early sign of bullish uptrend.
(Dec 13, 2017)

Triple reasons why FBMKLCI will be very very bullish.
(Dec 09, 2017)