SIMSCI Futures View ended 02-June-2006

This is daily chart of SIMSCI futures.There was a rebound last friday 02-June-2006. However, SIMSCI futures off from the day high of 288.5 and closed below previous day's high. It continuously moving within the downtrend channel. And in fact, immediate resistance appears to be at 289.5.
From directional analysis, sentiment is negative, however it has yet to reach extreme bearish state. It is likely to continue moving within the downtrend channel. No reversal sign of current trend is observed at this point of time.

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