Week Ahead: Markets Cautious on Rising Bond Yields

 

Week Ahead 31 Aug - 4 Sept 2026

US Earnings: Broadcom, Dell, Palo Alto Networks and Snowflake

US: Aug jobs report, ISM mfg & services surveys, Fed Beige Book, FOMC speakers
China: Aug PMIs
Singapore: Aug PMIs
 
S&P 500 (SPX):
The index remains above the 7,620 breakout level but continues to consolidate below 7,800. FFI has softened and turned slightly negative, indicating weaker buying momentum.
 
Tactical Trade:
Maintain a cautious long bias, avoid chasing.
 
Long-Term Direction:
Upward trend
 
Directional Probability:
Bullish (Breakout 8,000 towards 8,382): 25%
Range (7,620 – towards 8,000): 60%
Bearish (Breakdown 7,620, towards 7,238): 15%
 

Hang Seng Index (HSI):
Index continues to consolidates above 25,146 support. FFI has turned marginally negative for a second week. We are looking out for directional signal.
 
Tactical Trade:
Selective long only.
 
Long Term Direction:
Neutral. (Leaning towards Bullish)
 
Directional Probability:
Bullish (Break 27,383, toward 29,612): 20%
Rangebound (25,146–27,383): 60%
Bearish (Break 25,146, toward 22,910): 20%


Straits Times Index (STI):
Index continues to hover beneath the 5,728 resistance for a fourth week. The coiling pattern suggests a volatility expansion is approaching, while direction remains open.
 
Tactical Trade:
Neutral or selective long
 
Long Term Direction:
Upward Trend
 
Directional Probability:
Bullish (break above 5,728, towards 6,073): 28%
Rangebound (5,385 to 5,728): 60%
Bearish (Break below 5,385, towards 5,041): 12%

Disclaimers Apply