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On September 7th, Iranian Foreign Ministry spokesman Bagaei stated that negotiations between Iran and Oman to demarcate a safe maritime passage through the Strait of Hormuz have made significant and substantial progress. Despite attempts by some third-party forces to obstruct and interfere, hindering the negotiations several times, the consultations between the two countries have now entered the final stage. On August 25th, Iran and Oman issued a joint statement announcing plans to establish a mutually agreed-upon safe maritime passage through the Strait of Hormuz.On September 7th, according to the Shanghai Institute of Optics and Fine Mechanics (SIOM), Chinese Academy of Sciences, the research team led by Professor Xie Peng of the Aerospace Laser Technology and Systems Department at SIOM has recently made progress in the field of multidimensional multiplexed optical computing. The relevant results were published in Laser & Photonics Reviews. Building upon the research on the "Meteor-1" ultra-high parallel optical computing integrated chip, the research team further expanded the integration of wavelength division multiplexing and space division multiplexing, as well as the sharing of multi-task matrix networks, constructing a multidimensional multiplexed optical computing architecture. This architecture enables parallel processing of multi-task and multi-modal information, verifying its feasibility in remote sensing image registration and recognition tasks.September 7th - The new generation Huawei MatePad Air was officially released on September 7th. Weighing 509g and 5.3mm thick, its the first MatePad Air series to feature an OLED screen, boasting a super-bright OLED Cloud Clear Soft Light Display with a peak brightness of up to 2000 nits. It supports 66W SuperCharge and a stylus, and is available in five colors. The Enjoy Edition starts at 4499 yuan, and the standard version starts at 5299 yuan.Jaguar Land Rover CEO: We will lay off approximately 4,000 employees globally over the next two years.On September 7th, it was reported that the US military launched attacks on multiple locations in southern Iran on September 1st, affecting a wedding event in Hormozgan province and causing numerous casualties. According to a report by the Washington Post on September 6th, the incident may have been caused by a US bomb that missed its target. A US official stated that the US airstrikes targeted a communications facility in the area. Sources indicated that a small communications tower within the facility was located in a civilian area, only about 134 meters from the wedding site. US warplanes dropped six bombs on the tower, one of which appears to have missed its target. The report also stated that US officials are simultaneously assessing other possible causes of the wedding attack, including the possibility of a falling anti-aircraft missile, but sources and weapons experts consider this highly unlikely.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.

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