Market Technician

  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...

  Master Tactical Trading: Demand & Supply Analysis Meets Technical Strategies • Beginner Level • Thursday, 4 September 2025 ( Online ) • 7:30 PM – 8:30 PM (Singapore Time) Registration Link In today’s volatile markets, understanding market dynamics is more than just technical charts — it’s about identifying where and why price moves occur. This webinar blends the power of demand and supply zones with traditional technical strategies , offering a more nuanced and tactical approach to trading. Whether you're new to trading or looking to refine your entry and exit timing, this session offers real, actionable insights tailored for traders at the beginner level. Key Take Away How to identify key demand and supply zones that influence price reversals and breakouts Techniques for combining these zones with technical indicators and chart patterns A step-by-step roadmap for developing more informed and confident trade plans Disclaimers Apply

  Potential Gold Breakout: Macro Catalysts Align with Technicals Gold futures are showing signs of breaking out from a months-long consolidation, with recent macroeconomic developments strengthening the bullish case. Market Context: Last Friday’s weaker-than-expected US jobs report reignited expectations of a Federal Reserve rate cut as soon as September. The soft payroll data, combined with downward revisions and a tick higher in the unemployment rate, led to a broad sell-off in the US dollar and a sharp drop in Treasury yields—particularly the 2-year, which is highly sensitive to Fed policy. According to CME FedWatch, markets are now pricing in an 81% chance of a rate cut in September, up from just 38% a day earlier. The narrative has shifted swiftly from “higher for longer” to “cut sooner than expected.” This environment historically benefits gold, which thrives amid lower yields and a weaker dollar. Technical Setup: Gold futures (COMEX) are currently trading at $3,399.8,...

  Week Ahead: 4 Aug 2025 US Treasury yields plunged after weaker-than-expected job data, driving up market expectations for a Fed rate cut in September. Markets now see an 81% chance of a September cut as labor market cools and manufacturing shrinks, intensifying pressure on the Fed amid sticky inflation and tariff shocks. US markets (S&P 500) closed 1.60% lower, and Asian markets are expected to follow suit. Key technical support levels are as follows. DBS and UOB earnings are also expected to take centre stage this week. Short Term:  S&P 500 (SPX): Index remains under downward pressure, currently trading near the initial support zone at 6,300. The key support level is at 6,050.  For the bullish trend to resume, the index must break and hold above the 6,300 level. Hang Seng Index (HSI): The Hang Seng Index (HSI) failed to hold above the 25,000 psychological level. The index may retreat to the initial support at 24,200, with key support at 23,800—the midpoint of ...