EUR/USD 1.16255
0.028%
Gold 4369.08
-0.978%
Oil 91.553
0.898%
USD/JPY 153.892
-0.295%
GBP/USD 1.35422
0.016%
GBP/JPY 208.408
-0.275%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Meta Platforms (META.O): Muse will launch in the US on iOS, Android, and Muse.ai platforms, and will soon be available on AI smart glasses.Meta Platforms (META.O): Launches Muse AI agent.On September 9th, local time, the U.S. Treasury Department announced a new round of sanctions against Iran on the 8th, targeting 36 entities, primarily focusing on Irans aviation industry and related companies. This move is part of the U.S.s further intensification of economic pressure on Iran. The U.S. Treasury Department stated that this action aims to further restrict the operations of Irans Mahan Air and expand the scope of sanctions to other Iranian airlines. The sanctions also cover several shell companies, foreign intermediaries, and transshipment networks alleged to provide support to Iran. The U.S. claims that Iran obtains U.S.-origin aircraft and sensitive technologies through these channels.A spokesperson for the Iranian Revolutionary Guard stated: "We successfully hunted down the US Navys most advanced unmanned submarine, slated for 2025, in the early hours of the morning. This demonstrates that no advanced technology can penetrate our surveillance network in the Strait of Hormuz. Dominance in the Persian Gulf belongs to our technologically advanced youth."September 9th - According to Iranian media Fars News, an explosion was heard near Kharg Island. The explosion originated from the Persian Gulf, but no smoke or fire was observed in the Gulf. There has been no official confirmation yet.

Stock Market Continues to Be Very Noisy

Alice Wang

Dec 05, 2022 15:59

微信截图_20221205154606.png

Weekly Technical Analysis for the S&P 500

The S&P 500 E-mini contract is still causing a lot of noise, but I believe it's only a matter of time before a decision is made. However, you should also keep in mind that it is the end of the year, which frequently leads to the appearance of the "Santa Claus rally." Given that we did, in fact, receive a hotter-than-expected jobs report on Friday, it's feasible that we will continue to view this as a situation in which people are disappointed. It will be interesting to watch where we go from here because this has been a shock to the system.


It's important to note that we are precisely at the 50-Week EMA, which has some technical significance. As a result, the presence of resistance is not entirely unexpected, especially given the presence of a downtrend line nearby. It is likely that we may decline to the 3900 level and then perhaps even the 3800 level if we were to break below the candlestick's bottom.


I do expect a lot of noisy activity regardless, so bear in mind that this market is still at best unstable, making longer-term trades likely to be a little more challenging to hold onto. There is a chance that we could witness a brief upward spike followed by a selloff if money managers do attempt to pad the books at the end of the year.

Suggestion