Week Ahead 18- 22 May 2026
Headlines:
US Corp Earnings: NVDA, WMT
SG Corp Earnings: Singtel
US: FOMC mins, FED speakers, PMI
China: 1Y & 5Y LPR fixing, Ind prod, Retail sales
Singapore: NODX, final 1Q GDP
S&P 500 (SPX):
The index tested and got rejected by 7,455 resistance level. FFI remains positive, divergence observed. We are bullish but is cautious on the current trend.
Tactical Trade:
Neutral, looking out for long on dip for tactical trade.
Long Term Direction:
Upward trend.
Directional Probability:
Bullish (Breakout 7,455 toward 7,900): 25%
Range (7,003–7,455): 60%
Bearish (Breakdown 7,003 toward 6,550): 15%
Hang Seng Index (HSI):
Index continues to hover above gap support (25,600–25,800). We are watching FFI closely, as flow continues to weaken near gap support.
Tactical Trade:
Neutral. Long if gap support (25,600–25,800) holds.
Long Term Direction:
Upward trend
Directional Probability:
Bullish (Break 27,383, toward 29,618): 20%
Rangebound (25,146–27,383): 60%
Bearish (Break 25,146, toward 22,910): 20%
Straits Times Index (STI):
Index failed to breakout for the 5th time from 5,041 grip. FFI has flipped back positive. We expect directional move soon.
Tactical Trade:
Neutral
Long Term Direction:
Upward Trend.
Directional Probability:
Bullish (Break 5,041, toward 5,385): 25%
Rangebound (4,697 – 5,041): 55%
Bearish (Break 4,697, toward 4,353): 20%
Disclaimers apply