A quiet trading session today as US markets take a break.

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]As expected, S&P futures pushed higher and reached previous target. We decide to turn neutral for now as US markets are closed for a holiday and trading volume is expected to be thin. Price is expected to hold between 5590.00 resistance and 5515.00 support level.

$USD (USDindex.FX)$ (4 Hour Chart) -[BEARISH ↘ **]Drop in progress on the DXY. As long as price continues to hold below 105.500 resistance, a further drop lower towards 104.690 is expected. Technical indicators are starting to turn bearish with price holding below 34 period EMA and MACD showing a build up in bearish momentum.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[NEUTRAL]Gold price drifted higher but is still stuck within a wide range between 2351.00 resistance and 2334.00 support. We stay neutral with a slight bullish bias. A candlestick close above 2351.00 resistance will open a further bullish push higher towards 2378.00 resistance.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[NEUTRAL]NIKKEI bounced higher and is now consolidating sideways between 39350 resistance and 37900 support. Only a candlestick close above 39350 resistance will open a short term push higher towards 40110 resistance next. Technical indicators are mixed for now.

$HSI Futures(NOV4) (HSImain.HK)$ (4 Hour Chart) -[BULLISH ↗ *]We turn low conviction bullish on HSI as market bounced strongly above support and is now back above the 18000 psychological level. As long as price holds above 18000 support, a further push up towards 18500 resistance is expected. Technical indicators are mixed for now with price holding above 34 period EMA and MACD showing a build up in bullish momentum.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[NEUTRAL]STI drifted lower and nearly reached previous target at 3280. We turn neutral for now, expecting price to consolidate between 3335.60 resistance and 3298.00 support. Only a candlestick close above 3335.60 resistance will revive the bullish scenario towards 3360.00 resistance. Technical indicators are mixed for now.

US equity markets continued pushing higher last night led by tech counters such as $NVIDIA (NVDA.US)$ , $Micron Technology (MU.US)$ and $Super Micro Computer (SMCI.US)$ that climbed more than 3%. US $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ added +0.27% and +0.11% last night. The demand for US 20-year treasury notes during last night's auction also saw an uptake in demand, bringing longer term yields down to 4.45% showing that investors are now having stronger confidence in the longer term growth of the US economy.

Asian markets rallied across the board as well, closely tracking the overnight bullish sentiment from the US markets. $HSI Futures(NOV4) (HSImain.HK)$ rose the most this morning with +1.61% with the finance and energy sectors contributing the most to the climb. Further, strong consumer demand during the 618 sales is expected to add to the profitability of retail companies. $Nikkei 225 (.N225.JP)$ climbed by +0.68% as well as minutes released by the BoJ this morning showing that consumption is expected to increase moderately along with companies possibly becoming more active in raising both prices and wages than initially expected. $FTSE Singapore Straits Time Index (.STI.SG)$ edged higher by +0.36% bringing a small pause to the recent bearish sentiment.

Prepared by:

For full disclaimers, please visithttps://www.moomoo.com/sg/support/topic5_935.