Market Technician

  Week Ahead: 27 Oct 2025 Short Term:  S&P 500 (SPX): The S&P 500 remains in consolidation within 6,633 to 6,925. Near-term price action is likely to stay range-bound, with potential for the index to retest the upper end of the band.  A decisive move outside 6,633 or 6,925 would require meaningful macro catalyst accompanied by strong technical confirmation. Traders could selectively on open long trades near 6,63 zone, keeping stops tight. Directional Probability (Beta, AI Assisted): Bullish (above 6,633): 30% Rangebound (6,925-6,633): 55% Bearish (below 6,925): 15% Hang Seng Index (HSI): Similar to US markets, HIS remains in consolidation within a range. Near-term price action is likely to stay range-bound. A decisive move outside 27,383 or 25,150 would require meaningful macro catalyst and strong technical confirmation. Traders may selectively open long trades near 25,150 zone. Directional Probability (Beta, AI Assisted): Bullish (above 27,383): 25% Rangebound...

Week Ahead: 27 Oct 2025 Upcoming week highlights: Singapore bank results are expected to drive the direction of the STI, while investors at Tesla Inc. will vote on CEO Elon Musk’s US$1 trillion pay package. Short Term: S&P 500 (SPX): The S&P 500 maintains gradual upward path towards 6,970 as FFI remains positive. Alternative view, we see index fluctuating between 6,770 and 6,970. Traders could consider short-term positions around 6,770 technical support level. Directional Probability (Beta, AI Assisted): Bullish towards (6,970): 55% Rangebound (6,770 and 6,970): 30% Break below (6,550): 15% Hang Seng Index (HSI): The Hang Seng Index’s failure to close above the 26,000 level now risks a retest of the 25,145 base, with the FFI indicator remaining in negative territory. Unless the index regains and sustains levels above the 26,000 zone, bullish momentum is unlikely to re-emerge. Traders to consider new long positions if index retest 25,145 base or regain 26,000 level.   Dire...

  Week Ahead: 27 Oct 2025 Upcoming week highlights: U.S. Big Tech earnings, the FOMC meeting, and the Trump-Xi meeting will take centre stage, while investors closely monitor key economic data and progress on the U.S. government shutdown. Short Term:  S&P 500 (SPX): The S&P 500 is attempting to break out of a two-month range. A sustained move above 6,770 likely trigger momentum toward 6,970. Until confirmed, the index remains range-bound with firm support around 6,600.  Short-term traders consider partial long exposure above 6,770 with stop near 6,640. Hang Seng Index (HSI): The Hang Seng Index is attempting to base above 25,600 after a volatile October. A close above 26,200 would tilt momentum bullish toward 27,000 +, while failure to clear that zone keeps the index range-bound.  Base case remains neutral consolidation with cautious optimism for upside follow-through if FFI momentum and sentiment improve. Short-term traders stay neutral within range; initia...

  Gold Rally Cools After Hitting Key Resistance — What’s Next? After an extraordinary run since late August, gold prices have finally hit a pause . The metal surged over 25% in just two months, touching a high near USD 4,390 — a level that coincides with a key Fibonacci extension resistance . The recent pullback suggests that the rally may be entering a cooling or consolidation phase . Momentum Is Fading After a Parabolic Move Gold’s momentum indicators have started to flatten even as prices made new highs, forming a bearish divergence — a common signal that buying strength is losing steam. At the same time, volume spiked sharply during the final leg of the rally, indicating climax buying as traders rushed to chase the breakout. Historically, such parabolic surges tend to be followed by sideways consolidation or a healthy retracement , rather than an immediate continuation. Key Levels to Watch From a technical standpoint, gold is likely to find short-term support around USD ...

  Week Ahead: 20 Oct 2025 Investors remain focused on corporate earnings and signs of stress within the U.S. banking system, while also watching for potential developments from the upcoming Xi–Trump meeting. Technically, Global equities are transitioning into a consolidation phase after a strong Q3 rally, with momentum fading and volume declining across major indices. Current price structures suggest markets are range-bound between key support and resistance levels, and we are closely monitoring potential breakout signals and shifts in supply demand dynamics to determine whether this is a healthy consolidation or the start of a deeper rotation out of risk assets. Short Term:  S&P 500 (SPX):  The S&P 500 remains range-bound, consolidating between 6,360 and 6,770 as momentum fades (FFI). This suggest investors are turning cautious. A sustained break above 6,770 would revive bullish sentiment toward 7,000, but a close below 6,515 could trigger a corrective pullback ...

  Recent market headlines have turned more risk-off following Trump’s announcement of an extra 100% tariff on Chinese imports and new export controls on critical software , which jolted equity markets globally — particularly the S&P 500, which dropped 2.7% , breaking short-term structure. In periods of equity volatility, short-to-intermediate duration Treasuries (like IEI) tend to outperform due to flight-to-safety flows . IEI Duration Profile: 3–7 years maturity, which makes it less sensitive to rate volatility than long-dated Treasuries (like TLT) but still offers negative correlation to risk assets during equity drawdowns. Current Environment: Fed rate cut expectations have firmed amid tariff and growth concerns, further supporting Treasury prices. Futures markets are pricing in a 98% probability of a 25bps Fed rate cut at the upcoming FOMC , which provides a tailwind to mid-duration bonds. iShares 3-7 Year Treasury Bond ETF (IEI:US) has technically broken out of a sh...