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Despite falling last week, a pattern is forming that could provide some optimism soon

There is a bullish divergence in the 14-day Relative Strength Index oscillator

In the near-term there are once again signs that at least a bounce could be coming

The first potential support zone may have been reached last week

In the short-term, the possibility of at least a short-term rally still exists

ADI at risk of a deeper pullback following the drop below 4,836.08 two weeks ago

There were six advancing issues and 28 declining in Abu Dhabi

Further signs of strength are now needed to keep the bulls intact

DFMGI provides features that can be used to provide signals of further strength

Until proven otherwise, the odds favour a continuation of the bear market

Dubai remains in a long-term downtrend

The overall pattern in the DFMGI continues to be bearish as the downtrend is still well in place