Market Technician

  Week Ahead: 29 Sept 2025 US markets entered October’s earnings season with cautious optimism, as Wall Street projects 3Q25 S&P 500 EPS growth of 7.9% (source: FactSet). From a technical perspective, we maintain cautiously bullish, monitoring for potential supply as the S&P 500 trades within the 6,600–6,750 range. Short Term:  S&P 500 (SPX):  The S&P 500 has followed our alternate view, consolidating around the 6,650 level. We are monitoring for technical signals to indicate direction moves, especially as the new 4Q25 quarter begins and earnings season approaches. Hang Seng Index (HSI): The Hang Seng Index (HSI) is expected to trade within the 25,750–27,100 range in the upcoming week as we monitor for technical signals indicating potential directional moves. Investors continue to hold positions Investors to hold core exposure as broader uptrend remains intact. No reversal signals yet. Traders to trade the consolidation between 6,600–6,750 until a breakou...

  Week Ahead: 15 Sept 2025 Markets preparing for the first rate cut in 2025. US FED Powell’s speech on inflation outlook and interest rate policy would be key.  Short Term: S&P 500 (SPX):  The S&P 500 has broken out of its recent range, with potential to test the first resistance at 6,650. Immediate support is located at 6,500. Maintain a bullish bias while above 6,500. Consider tactical longs on pullbacks toward support with a stop just below 6,480. Take partial profits near 6,650 and trail stops higher if momentum extends. Hang Seng Index (HSI): The Hang Seng Index (HSI) has broken above its previous 23,700–25,750 trading range. The index could test the 27,100 zone, though caution as the FFI indicator remains mixed. Adopt a selective, avoid aggressive chasing. Favor staggered entry near 25,750–26,000 on confirmation of demand strength. Tight stops recommended below 25,500 to manage risk. Straits Times Index (STI): The Straits Times Index (STI) has achieved our...

Gold Trending Towards 3,900, Technically Gold has broken out of a multi-month consolidation range (~3,100–3,500), signaling the start of a new bullish leg. Current price: 3,653.3 (+1.29%), trading firmly above the breakout zone near 3,500. Recent candlesticks show strong bullish momentum with higher highs and higher lows, confirming sustained buying pressure. Indicator (FFI) The FFI indicator (top pane) has turned strongly positive, with blue histogram bars expanding — supporting a bullish outlook and reinforcing institutional demand strength. Previous negative readings in mid-year have reversed, showing a shift in market sentiment. Key Levels Support: 3,500 (former resistance, now acting as breakout support). Resistance / Target: Chart highlights a potential target at 3,900, derived from the range breakout projection. Intermediate Levels: 3,700 could act as a near-term resistance before 3,900 is tested. Technical Outlook Bias: Bullish as long as price holds above 3,500. Breakout from ...

Week Ahead: 8 Sept 2025 Markets enter the week weighing two competing signals: a softer U.S. jobs print that underscores cracks in the labour market, and growing conviction that the Fed will respond with a September rate cut. The question is whether investors will see weakness as a warning sign for growth, or as the green light for policy easing and risk appetite. Technically, though structural trends remain supportive for equities. Indices remained range-bound in the short term with momentum signals mixed, facing near-term uncertainty around breakouts Short Term:  S&P 500 (SPX):  The S&P 500, another directionless week, continues to consolidate around the 6,400 level. The FFI remains flat, and we remain watchful for a potential directional breakout. Hang Seng Index (HSI): The Hang Seng Index (HSI) continues to trade within the 23,700–25,750 range. The FFI indicator still mixed for weeks. we continue to for monitor for clearer demand or supply signals to determine the...

  Week Ahead: 18 Aug 2025 Given policy uncertainties, we maintain a neutral stance ahead of Jackson Hole. Short Term:  S&P 500 (SPX): The S&P 500, despite breaking above its 6,420 resistance level, reflected caution as our volume-based momentum indicator (FFI) continues to diverge from the index trend. Our base case expectation is for the index to consolidate around the 6,420 level.  Favor range trading between 6,300–6,500. Short-term traders may sell strength above 6,450 with tight stops. Hang Seng Index (HSI): The Hang Seng Index (HSI) is trading within the 23,700–25,750 range. The FFI indicator remains mixed. From a technical perspective, we are monitoring for clearer demand or supply signals to determine the next directional move beyond this range. Traders to consider long near 23,700 support, sell near 25,700 resistance. Straits Times Index (STI): The Straits Times Index (STI) continues to consolidate within its trading range (black lines), retesting the 4,27...

  Week Ahead: 11 Aug 2025 US Tech Gains Amid Rising Bets on Interest Rate Cut, but We Remain Cautious. Upcoming US CPI this week could drive markets also.  Short Term:  S&P 500 (SPX): The S&P 500 broke above its 6,300 gap resistance, resuming its technical uptrend. However, as our volume-based momentum indicator, FFI, continues to diverge from the index trend, we remain cautious on the of the move. Resistance is at 6,430, with support at 6,200. Traders adopts a buy-on-dips approach only as long price holds above 6,300. Investors could selectively increase allocations until momentum confirms.  Hang Seng Index (HSI): Index trades within  23,700 - 25,750 range. FFI indicator is mixed. Technically, we looking out for Demand or Supply signals for guidance on technical direction out of the range. Traders apply a range-trading approach, long trades near 23,700 support with selling near 25,750 resistance.  Investors add allocation when index breaks decisive...