A picture is worth a thousand words, so I won't spend too much time on writing this article. Just take a look in these two charts and you will understand what I want to say. In short, FBMKLCI is silently rallying when everyone is off for holiday, how sneaky is this!

This is the daily chart of FBMKLCI, FBMKLCI finally breaks above the previous high to continue its rally.
What does this means? A higher high and higher low are the simplest, no brainer definition of trend change, signifying that FBMKLCI have officially embark on a new uptrend.
This is a confirmation that we are in a Wave 3 of Elliottwave count for FBMKLCI. Refer my previous post for more information as I don't feel like repeating myself. Just remember Wave 3 is usually the strongest, if not at least stronger than Wave 1 alot, which means this new uptrend won't end until we see all time high.

Don't blindly believe any of the analyst who merely dismiss the current rally as window dressing or year end rally. This rally is not a mere window dressing! This is a real begining of real uptrend.

This is further confirmed by MACD bullish crossover on the weekly chart of FBMKLCI. The weekly MACD bullish crossover successfully predicted the rally in 1H2017, so this time it will also indicate the same idea of new uptrend on a bigger picture.
The RSI of FBMKLCI is far from being overbought so don't expect a major correction soon.
This uptrend we see in dec 2017 is just an appetizer, warming up of engine and entree before the main course.
The entree/appetizer/warming up already posses so much points of rally (almost reversing 60% of pts drop in 2H 2017 corrrection), so you can imagine how much crazy FBMKLCI can rally when the main course is served lah.
 

(I said I don't want to write too much, but ended up like a nagging nanny, sigh ==)

Wishing you all a blissed and blessed New Year!