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Week Ahead: Tariff Shock, Global Equities Tesing Key Supports


Week Ahead: 6 Oct 2025
Global equities is came under pressure following Trump’s announcement of an additional 100% tariff on China imports and new export controls. S&P 500 broke short-term structure with a sharp 2.7% selloff, flipping 6,700 into key resistance. 

Asian markets are to be under pressure for the week ahead, testing key support levels, Asian traders are watching whether these zones hold or give way to deeper pullbacks.

Short Term: 
S&P 500 (SPX):  The S&P 500 has broken short-term structure with a wide bearish candle, confirming the bearish divergence seen in momentum. 6,700 has flipped to key resistance; below it, the index may test 6,540 and potentially 6,350. Tactical shorts can be considered on weak rebounds, while swing bulls should wait for confirmation at channel support to buy the dip. A close back above 6,700 would neutralize the bearish signal.

Hang Seng Index (HSI): The Hang Seng Index remains in an uptrend but is currently in a pullback phase. The 26,100–26,200 support is the immediate line. A recovery above 27,000 would reassert bullish control; a break below support opens room toward 25,500. Bulls can position on dips with stops below this zone, while bears may look to capitalize on a breakdown. 

Straits Times Index (STI): The Straits Times Index remains in a uptrend but has reached a key Fibonacci resistance (4,479), triggering a healthy pullback. The 4,352 support is pivotal for the next leg. A breakdown below 4,350 would shift bias short-term to neutral/corrective. Bulls can look to buy on pullback near Fib 1.618 with stops below 4,320, while a breakout above 4,480 would confirm a new leg higher.

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

Headlines Next Week:
US Corp Earnings: Citigroup, Goldman Sachs, JPMorgan Chase, Wells Fargo, Bank of America, Morgan Stanley 
US: IMF–WB annual meeting with Powell speech, Fed Beige Book, multiple Fed speakers, Trump tariffs 
China: Sept new loans, CPI/PPI Inflation
Singapore: MAS Oct MPS, advance 3Q GDP, Sep NODX

Disclaimers apply


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