Week Ahead: Markets Continue To Be Cautious Of Higher for Longer Outlook

 


Week Ahead 29 Jun - 3 Jul 2026

Headlines:
US: PMI surveys, Employment report, Closed for holiday (Fri)
China: PMI surveys, Econ data
Singapore: PMI surveys
 
S&P 500 (SPX):
The index closed the week lower, just above the 7,333 key support level. Risk of a breakdown below support is increasing, as FFI remains in negative territory.
Tactical Trade:
Neutral
 
Long-Term Direction:
Uptrend (Leaning towards Neutral)
 
Directional Probability:
Bullish (Breakout 7,620 towards 7,900): 5%
Range (7,333–7,620): 65%
Bearish (Breakdown 7,333 towards 7,060): 30%

Hang Seng Index (HSI):
Index broke 22,910 support level. With FFI remains negative and if index does not reclaim 22,910, index is expected to trade towards 20,688 level.
 
Tactical Trade:
If index does not recovers above 22,910 support level, short trades on rally preferred.
 
Long Term Direction:
Neutral
 
Directional Probability:
Bullish (Break 27,383, toward 29,618): 5%
Rangebound (25,146–27,383): 25%
Bearish (toward 20,688): 70%

Straits Times Index (STI):
Index continues to be on track towards 5,385 level. However, FFI needs to improve further to increase potential of this upward move continuation.
 
Tactical Trade:
Long preferred, near 5,150 zone.
 
Long Term Direction:
Upward Trend
 
Directional Probability:
Bullish (Toward 5,385): 45%
Rangebound (5,041 – 5,385): 45%
Bearish (Break below 5,041): 10%

Disclaimers Apply