Market Technician

  Week Ahead: 27 Oct 2025 Short Term:  S&P 500 (SPX): The S&P 500 remains in consolidation within 6,633 to 6,925. Near-term price action is likely to stay range-bound, with potential for the index to retest the upper end of the band.  A decisive move outside 6,633 or 6,925 would require meaningful macro catalyst accompanied by strong technical confirmation. Traders could selectively on open long trades near 6,63 zone, keeping stops tight. Directional Probability (Beta, AI Assisted): Bullish (above 6,633): 30% Rangebound (6,925-6,633): 55% Bearish (below 6,925): 15% Hang Seng Index (HSI): Similar to US markets, HIS remains in consolidation within a range. Near-term price action is likely to stay range-bound. A decisive move outside 27,383 or 25,150 would require meaningful macro catalyst and strong technical confirmation. Traders may selectively open long trades near 25,150 zone. Directional Probability (Beta, AI Assisted): Bullish (above 27,383): 25% Rangebound...

Week Ahead: 27 Oct 2025 Upcoming week highlights: Singapore bank results are expected to drive the direction of the STI, while investors at Tesla Inc. will vote on CEO Elon Musk’s US$1 trillion pay package. Short Term: S&P 500 (SPX): The S&P 500 maintains gradual upward path towards 6,970 as FFI remains positive. Alternative view, we see index fluctuating between 6,770 and 6,970. Traders could consider short-term positions around 6,770 technical support level. Directional Probability (Beta, AI Assisted): Bullish towards (6,970): 55% Rangebound (6,770 and 6,970): 30% Break below (6,550): 15% Hang Seng Index (HSI): The Hang Seng Index’s failure to close above the 26,000 level now risks a retest of the 25,145 base, with the FFI indicator remaining in negative territory. Unless the index regains and sustains levels above the 26,000 zone, bullish momentum is unlikely to re-emerge. Traders to consider new long positions if index retest 25,145 base or regain 26,000 level.   Dire...