EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Alibaba (09988.HK) announced its plan to place new shares in Hong Kong, with a total placement amount of HK$80 billion.Sources say Israel is in secret contact with Türkiye to prevent conflict.On August 23, Canadian Prime Minister Mark Carney announced that, in response to the U.S. imposition of a 50% tariff on $20 billion worth of Canadian goods, Canadas retaliatory tariffs would officially take effect on September 8. The premiers of Ontario, British Columbia, and Quebec all voiced their support. Ontario Premier Doug Ford called for unity among Canadian provinces, forming a "Team Canada," and using all available means to retaliate against the U.S. British Columbia Premier David Ebbey stated that the current U.S. government is untrustworthy, and Canada must stand up and confront the bullies.August 23 - In July, hackers linked to Iran launched an unprecedented cyberattack, causing a British power plant to shut down for four days. According to the UKs Daily Telegraph, this incident occurred concurrently with a series of attacks on US water infrastructure last month, affecting 12 states and drawing the attention of the White House. It is understood that the affected power plant was relatively small. The UK has dozens of small power plants scattered throughout the country, many of which operate only intermittently. The government cited security concerns and did not disclose which plant was attacked. The UK has previously suffered major cyberattacks that have crippled the National Health Service, disrupted school IT services, and affected commercial manufacturing facilities, including Jaguar Land Rover.Market news: Canadian Prime Minister Carney held an online meeting with provincial and territorial chiefs to discuss countermeasures against tariffs.

S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

Skylar Shaw

Sep 30, 2022 15:09

微信截图_20220930150208.png

Technical Analysis of the S&P 500

Due to the continued strong downward pressure on stock markets, the S&P 500 E-mini contract has been quite bearish throughout Thursday's trading session. In the end, a lot of things are happening all around the globe, and the US dollar is strengthening. The S&P 500 won't do well in that climate, and neither will any other stock index, for that matter. I like fading rallies, and I also enjoy the notion of shorting those who do experience that break down below the 3600 mark.


The S&P 500 will likely have dropped below the 3500 level by then, which is a big, round, psychologically meaningful number. In the end, this is a market that, given enough time, should see a lot of volatility and, therefore, a lot of causes for people to feel uneasy. Nevertheless, bear market rallies have a reputation for being rather nasty, so an occasional snap to the upside is possible.


Given the market's continued exposure to a lot of outside unfavorable impact, they will almost certainly remain selling opportunities. Interest rates, global slowdowns, and a slew of other geopolitical concerns are all producing problems at the moment. In the end, I believe that in this situation, with enough time, we should see significant downward pressure. In light of this, maintain a manageable position size and refrain from going all in on each transaction you make. In a market like this, sound money management is essential.

Suggestion