Week Ahead 27 April – 2 May 2026
- Second round of talk between US-Iran to drive oil price
- Big tech earnings reporting week to test whether elevated valuations and earnings momentum can sustain
- FOMC meeting will clarify Fed thoughts on inflation and interest rate trajectory
- DBS earnings this week reveal Singapore banking exposure amid Middle East developments
S&P 500 (SPX):
The index continues to trade above all time high towards 7,455 target level. Watchful on any incoming supply.
Tactical Trade:
Long trades, as long 7,003 level holds.
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (Towards 7,455): 50%
Rangebound (6,550–7,002): 40%
Bearish (Towards 6,099): 10%
Hang Seng Index (HSI):
Index rebounded at gap support (25,424 - 25,668), expect rebound to continue 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 (Break Above 27,383): 30%
Rangebound (25,150–27,383): 55%
Bearish (Break below 25,150): 15%
Straits Times Index (STI):
Expect index to continue trading below resistance this week. Watching out for directional move.
Tactical Trade:
Long trade preferred.
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (Break above 5,041): 15%
Rangebound (4,697 - 5,041): 60%
Bearish (below 4,697): 25%
Disclaimers apply