The rally from mid-May’s lows has suspiciously failed to surpass a key peak at 559.61 recorded on the way down earlier in the month.  Now, if the minor downtrend shown in the chart exceeds its ‘d’ target, we’ll have confirmation of further weakness for at least the next 3-4 days.  The bearish scenario would of course be negated if HUI gets second wind and thrusts above 559.61.