Skip to main content

Week Ahead: Markets Trade Sideways as Investors Digest U.S.-China Trade Talks and Middle East Tensions


bMiddle East tensions are expected to continue dominating headlines next week, while the U.S. FOMC rate decision will also be closely watched.

Medium Term: 
S&P 500 (SPX): The S&P 500 could hover in the near term amid heightened Middle East tensions. Key support levels to monitor are 5,900, followed by 5,780. Consider short-term range strategies between 5,900 and 6,030, with tight stops below 5,780. 

Hang Seng Index (HSI): The Hang Seng Index (HSI) tested the 24,200 resistance level. In the absence of strong demand signals, the index is expected to trade sideways in the week ahead. We will continue to monitor for demand or supply signals to confirm the next trend direction. Traders could take up LONG trades near support zone. 

Straits Times Index (STI): The Straits Times Index (STI) is testing its 3,900 support level. We expect a sideways trend in the upcoming week, while closely monitoring demand and supply price action for confirmation of the next directional move. If Sign of Strengths are observed, traders could resume LONG trades.

Long Term:
S&P 500 (SPX) Upward Trend
Hang Seng Index (HSI) Upward Trend
Straits Times Index (STI) Uptrend Trend

Headlines Next Week:
US: FOMC rate decision, May Retail sales, Ind Prod
China: May Ind Prod, Retail sales, LPR fixings
Singapore: May NODX

Disclaimers apply

Most Popular

Palantir Technologies Inc PLTR: Technical Rebound at Sight After US Broad Market Stabilises

  Palantir Technologies Inc. (PLTR) USD86.24 Palantir (PLTR) posted a bullish reversal, closing above the 13-day SMA (83.56) with significant volume expansion. This signals potential momentum strength in the near term. First key resistance zone between the 50% and 61.8% Fibonacci retracement levels (USD 99.85 – 105.79), which could present selling pressure. Disclaimers apply
Read more

DBS Group Holdings (D05) and Straits Times Index (STI): Technical Change of Momentum

         DBS Group Holdings (D05) and Straits Times Index (STI):  Technical  Change of Momentum  Recent price developments in DBS Group Holdings (SGX: D05) and the Straits Times Index (STI) signal a critical inflection point. Both instruments have breached established ascending trendlines, suggesting a potential reassessment in investor sentiment and market trajectory.  DBS Group Holdings (D05) Price Dynamics:  DBS has decisively broken below its ascending trendline, closing at SGD 44.23, registering a 3.53% decline. The price action underscores weakening upward momentum and raises the probability of an extended correction phase. Key Technical Levels: 38.2% Fibonacci retracement: SGD 41.45 50% Fibonacci retracement: SGD 39.78 61.8% Fibonacci retracement: SGD 38.12 Full retracement: SGD 32.72 Outlook:  The breach beneath the trendline suggests an erosion of bullish conviction. Immediate attention should be on the 38.2% retracement le...
Read more

Week Ahead: US Indices Momemtum in Question

    Week Ahead: 10 March 2025 Key event this week was  U.S. indices technically closed below the key 30-week (or 150-day) moving average . For the upward trend to continue, the indices need to reclaim levels above the moving averages. Remaining below the 30-week (or 150-day) moving average could indicate that the upward trend has reversed downward. However, in the short term, we expect a rebound as the indices trade near their respective support levels. Medium Term: S&P 500 (SPX):  The S&P 500 broke below its key upward trendline, which had been established since October 2023. In the longer term, we expect the index to trade sideways or move in a downward direction. In the short term, we anticipate the S&P 500 will find support at the 5,700 level and could rebound to test the 5,860 and then the 5,966 resistance zones. Straits Times Index (STI):  The technical trend remains bullish. We maintain a constructive outlook while staying vigilant for any sig...
Read more