Week Ahead 20 - 24 April 26
S&P 500 from technical bear trap to breakout. US-Iran peace deal continues to drive oil price and equity markets.
Headlines:
US Corp Earnings: TSLA, INTC, UNH, AMEX, and PG
US Corp Earnings: CICT, Keppel
US: Warsh Fed Chair confirmation hearing, US Mar Retail Sales, US-Iran ceasefire deal outcome.
China: Apr 1Y & 5Y LPR fixing
Singapore: Mar CPI
S&P 500 (SPX):
The index broke above the key 7,002 all-time high resistance. This breakout is significant, as the level had served as key resistance for the S&P 500 since November 2025. There is an expectation of the index trading towards 7,455, as long as the 7,003 level holds.
Tactical Trade:
Long trades, as long 7,003 level holds.
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (break above 7,002): 55%
Rangebound (6,550–7,002): 35%
Bearish (Towards 6,099): 10%
Hang Seng Index (HSI):
FFI remains positive, there is expectation of HSI trading towards 27,383.
Tactical Trade:
Long trade, as long index holds above Gap Support 25,424 - 25,668
Long Term Direction:
Upward Trend
Directional Probability
Bullish (Above 27,383): 35%
Rangebound (25,146–27,383): 50%
Bearish (Break Below 25,146): 15%
Straits Times Index (STI):
Potential breakout of 5,041 for the STI as FFI continues to trend higher.
Tactical Trade:
Long trades preferred.
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (Break above 5,041): 45%
Rangebound (4,697 - 5,041): 40%
Bearish (below 4,697): 15%
Disclaimers Apply