No matter the (rate)cuts. The only way is UP! (S&P of course)

US Equities (4 Hour Chart) -[BULLISH ↗ ***]As expected, $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ pushed higher, reached and even surpassed previous target. We maintain our bullish directional bias with a high conviction. S&P futures is expected to hold above 5440.00 support before pushing higher towards 5560.00 resistance. Technical indicators are also advocating for a bullish scenario for now.

US Dollar (4 Hour Chart) -[NEUTRAL]As expected, $USD(USDindex.FX)$ pushed higher and reached previous target. With DXY now trading within a wide range and no clear support and resistance levels nearby, we prefer to turn neutral for now between 105.100 resistance and 104.415 support. Only a candlestick close above 105.102 resistance will see a further push higher towards 105.500 resistance.

Gold Futures(4 Hour Chart) -[BULLISH ↗ *]As expected, previous target for $Gold Futures(AUG4)(GCmain.US)$ at 2350 resistance reached. We maintain our bullish bias with a lowered conviction. With price holding above support at 2323.00, a fresh push towards 2358.50 is expected for now. Technical indicators are mixed at the moment. Price is holding below 34 period EMA while MACD is showing a build up in bullish momentum.

NIKKEI225 Futures (4 Hour Chart) -[NEUTRAL] $Nikkei 225(.N225.JP)$ pushed higher and surpassed previous resistance. We turn neutral for now with no clear directional bias. NIKKEI is expected to consolidate sideways between 39350 resistance and 38560 support. Only a candlestick close above 39350 resistance will open a push higher towards next resistance at 39790.

HSI Futures (4 Hour Chart) -[NEUTRAL] $HSI Futures(JUL4)(HSImain.HK)$ bounced back higher and is now holding between 18200 resistance and 17880 support. We turn neutral for now with a slight bearish bias. Only a candlestick close below 17880 support will open a deeper drop towards next support at 17500. Technical indicators are mixed for now.

SG Equities (4 Hour Chart) -[BEARISH ↘ **]View unchanged as $FTSE Singapore Straits Time Index(.STI.SG)$ continues to hold below 3335.00 resistance. We maintain our bearish directional bias and still expect price to drop towards 3280.00 support. Technical indicators are mixed for now. Market is now testing 34 period EMA and MACD is starting to cross below the 0 level.

The US Fed last night opted to keep interest rates unchanged, much in line with the market's expectations. This despite the fact that earlier in the trading day, US CPI data came out softer than expected. It was a unique trading day that no matter the decision, US stock markets would have rallied higher. Even if the interest rates were cut, the initial reaction would have been a short term pullback followed by a rally in line with the bullish momentum. $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ and $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ both added +1.02% and +1.88% respectively. With the key event of the week behind us, traders will now be looking towards unemployment claims and PPI data tonight.Asian markets opened this morning with a strong risk-on sentiment as well. $HSI Futures(JUL4)(HSImain.HK)$ edged higher by +0.63% with the consumer, tech and finance sectors showing the biggest gains with Chinese data expected later today. $FTSE Singapore Straits Time Index(.STI.SG)$ climbed by +0.59% as the REITs sector lifted the index along with GDP showing a slightly higher growth year on year. $Nikkei 225(.N225.JP)$ index added +0.14% this morning as well mirroring the rise in the US markets. However Japanese investors are taking a more cautious approach as the BoJ interest rate decision will be taking place tomorrow.

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