Week Ahead: 6 Oct 2025 Short Term: S&P 500 (SPX): The S&P 500 remains technically bullish, having broken above its recent trading range resistance. However, the index is advancing on diverging momentum (FFI), which raises the risk of a potential false breakout. While further upside is possible, risk management is critical at these elevated levels. Maintain core exposure but tighten stops or take partial profits near resistance. Traders should wait for follow-through confirmation and guard against a potential false breakout. Hang Seng Index (HSI): The Hang Seng Index has staged a decisive breakout. Sustained holding above the 27,000 level could see the index trade towards the 28,000–28,500 zone. We remain mindful of the diverging FFI momentum indicator. Scale in on pullbacks and monitor momentum divergence. A break below 27,000 may trigger a reversal towards 25,750. Straits Times Index (STI): The STI invalidated last week’s trend channel breakdown and continu...