US: Jackson Hole Economic Symposium, Jul PCE
China: Jul ind profits
Singapore: Jul CPI, Jul ind prod
S&P 500 (SPX):
The index has pulled back this week and is now testing the key 7,620 breakout level. FFI has also softened, indicating a moderation in buying momentum. The index needs to hold above 7,620 and see FFI rebound to confirm that the broader uptrend remains intact.
Tactical Trade:
Maintain a long bias but avoid chasing near 7,800. Prefer entry at 7,650–7,670, with a stop below 7,600. Initial target is 8,000.
Long-Term Direction:
Upward trend
Directional Probability:
Bullish (Breakout 8,000 towards 8,382): 30%
Range (7,620 – towards 8,000): 55%
Bearish (Breakdown 7,620, towards 7,238): 15%
Hang Seng Index (HSI):
Index defended 25,146 support level. FFI needs to re-accelerate for a sustained breakout.
Tactical Trade:
Selective long
Long Term Direction:
Neutral (leaning Upward)
Directional Probability:
Bullish (Break 27,383, toward 29,612): 30%
Rangebound (25,146–27,383): 60%
Bearish (Break 25,146, toward 22,910): 10%
Straits Times Index (STI):
The index closed at 5,743, marginally clearing the 5,728 resistance. FFI needs to expand further for a sustained upward move.
Tactical Trade:
Selective long, entry on dips toward 5,700 zone.
Long Term Direction:
Upward Trend
Directional Probability:
Bullish (break above 5,728, towards 6,073): 40%
Rangebound (5,385 to 5,728): 52%
Bearish (Break below 5,385, towards 5,041): 8%
Disclaimers apply