Beware the witches! It's 'Triple Witching' day today

$E-mini S&P 500 Futures(SEP4)(ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ *]S&P pulled back lower towards 5540.00 support. We maintain our bullish view with low conviction for a intraday bounce scenario towards 5600.00 resistance. Technical indicators still remain bullish for now.

$USD(USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]DXY pushed higher and surpassed previous resistance. We turn neutral for now, as long as DXY holds between 105.805 resistance and 105.490 support. A candlestick close below 105.490 support will revive bearish scenario and see a drop towards next support at 105.150.

$Gold Futures(AUG4)(GCmain.US)$ (4 Hour Chart) -[BEARISH ↘ *]As expected, gold prices pushed higher last night and reached our previous target at 2378.00. With price now holding below 2378.00 resistance, we turn short term bearish with low conviction for now, expecting price to shape an intraday pullback lower towards 2354.00 support.

$Nikkei 225(.N225.JP)$ (4 Hour Chart) -[BULLISH ↗ *]View remains unchanged. We remain short term bullish for now as Nikkei held nicely above 37900 support and is still expected to bounce towards 39350 range resistance. Technical indicators are turning bullish for now.

$HSI Futures(JUL4)(HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]As expected, HSI pulledback and dropped lower, reaching our previous target. We turn neutral for now between 18000 support and 18300 resistance. A candlestick close below 18000 support will open a furthercorrectiontowards next support at 17800. Technical indicators are mixed as well.

$FTSE Singapore Straits Time Index(.STI.SG)$ (4 Hour Chart) -[BULLISH ↗ *]As expected, STI held nicely above near-term support at 3289.00 and is bouncing towards 3324.50 resistance. In the event that 3324.50 resistance is surpassed, the STI is expected to push towards next resistance at 3349.00. Technical indicators are mixed for now.

US stock futures retreated overnight as market breadth stayed thin for all but the mega-cap tech names. $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ and $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ futures both retreated by -0.32% and -0.77% respectively. Economic data was also softening with unemployment claims still staying near the 10-month highs. Further, with triple-witching day taking place today, traders will probably want to lighten up on their exposure to the markets and sit this weekend out. We can expect to see more profit taking going into tonight's US session.

Asian markets opened mixed this morning. The $HSI Futures(JUL4)(HSImain.HK)$ took on a more bearish sentiment, shaping a large drop by -1.12% this morning with banks and consumer discretionary sectors adding the most drag. This comes as investors take into account the divergence in the interest rates set by the central banks between US and China admist a struggling property sector and falling yields. $Nikkei 225(.N225.JP)$ was up +0.20% as Japan's core CPI rose to 2.5% YoY. This increase in inflation is a positive sign for the BoJ which is said to be raising rates once more at their next meeting, admist a weakening JPY. $FTSE Singapore Straits Time Index(.STI.SG)$ pushed higher by +0.24% as well led by the finance and REIT sectors. STI is also holding above near term support at 3289.00

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