Hoang Phuong Chu
Hoang Phuong Chu @chuhoangphuong

Performance
All

-5.57%2026
2026
6.29%2025
2025
9.91%2024
2024
13.56%2023
2023
-25.44%2022
2022
3.04%2021
2021
25.4%0%-25.4%
Hoang Phuong Chu
The S&P 500 has broken from its triangle consolidation and the charts in all timeframes look bullish. While the rally may go on to break 7,620, I think the move will be slow, more like December last year than April/May. There are three reasons for that call. Firstly, the 6,316-7,620 rally is one... Show More
Hoang Phuong Chu
While the current consolidation phase looks like a bull flag, I cannot envision it breaking sustainably higher and trending again in Q3. Indeed, the S&P500 tends to consolidate tops and often looks bullish before rolling over. So my bigger picture call is for lower, and I still think 7000 can be... Show More
Hoang Phuong Chu
My call for a move below 7000 was speculative two weeks ago, but it now has more evidence to back it up as the technicals have shifted neutral/bearish. June looks set to form a bearish bar, the weekly chart made a lower high, and the daily chart closed below the 50SMA. Meanwhile, the narrative has soured... Show More
Hoang Phuong Chu
Bigger picture, the 6,316-7,620 rally should be complete, and a corrective phase should set up the next major uptrend. Corrections usually play out in 3 legs: an initial drop, a bounce to lower highs, and a final capitulation. I think the drop into 7,237 was the first leg of a larger correction, and... Show More
Hoang Phuong Chu
Bigger picture, the rally starting at the 6316 low should be complete at 7620. There could be a strong bounce from around 7219, but assuming that makes lower highs, a standard 23% retrace of the 2025-2026 rally would target 6845. That would flush the previous high of 7002 and test the daily 200SMA. There... Show More
Hoang Phuong Chu
Near-term moves obviously hinge on whether there is progress on a peace deal. Good news should propel the S&P 500 to new all-time highs above 7517, perhaps to 7567, and a retest of the broken channel. That rally could then fade due to a combination of buyer exhaustion and traders selling the news. Support... Show More
Hoang Phuong Chu
While there are some subtle signs of the trend slowing and unwinding, there is no indication that the S&P500 has topped, and the usual process during strong rallies is for the first real sign of weakness to recover for another high. Indeed, the strong close last Thursday has high odds of being revisited,... Show More
Hoang Phuong Chu
The technicals remain clearly bullish across all timeframes, and new highs are likely next week. 7425 is a major target, and while I don't expect a top to form right there, I think the rally may slow and start to unwind in the 7400s over the coming weeks. That could take the form of a series of failed... Show More
Hoang Phuong Chu
Not much has changed since last weekend's article - the technicals are bullish, and the target in the 7,400s still looks achievable. There could be a fairly direct move there, but more like a choppy drift than a strong rally, as rotations fuel gains despite the overbought conditions. The bullish... Show More
Hoang Phuong Chu
Bigger picture, the S&P 500 should be heading for the 7425-7490 area. I can only speculate what will happen when it gets there, but based on "normal" cycles and the comparison with the 2025 drop/rally, I think this rally is a blow-off top to conclude the trend starting at the April '25... Show More

About Hoang Phuong Chu
Vietnam
Strategy: Multi-Strategy

CFA Lv1. I'm a buy-side financial markets analyst specializing in macroeconomic
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