Maintain Caution in the Week Ahead
We continue practicing vigilance in the forthcoming week for both the US and Singapore markets, as indices face technical resistance levels. We aim to identify potential trading setups should the markets undergo correction. Meanwhile, the Hong Kong and China markets could persist in their rallies, as market technicals continue to build momentum.
On Hang Seng Index (HSI), downtrend line violated. Expecting index to reverse into a more bullish tone.
On Straits Times Index (STI), Index is as resistance.
Shortened trading week for US and Greater China markets for holidays.
Headlines for Week Ahead:
US FFED Chair Congress testimonial
China Prime Rate
SG May CPI
Corp Earnings (FedEx)
US mkts closed on Mon
HK mkts closed on Thurs
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