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On the evening of September 11 local time, Iraqi Armed Forces Commander-in-Chiefs spokesman, Sabah al-Numan, issued a statement condemning the attacks against Saudi Arabia and expressing opposition to any actions that endanger Saudi security and stability or damage the brotherly relations between the two countries. The statement said that Iraqi Prime Minister and Armed Forces Commander-in-Chief Muqtada al-Zaidi had ordered an urgent investigation into the specific circumstances of the attacks and those responsible, and that those involved be held accountable according to law. He also emphasized that the Iraqi government will not tolerate any activities that endanger Iraqs own security or its relations with friendly countries. The statement further stressed that Iraqi territory and airspace will not be used as a springboard for attacks on any country and stated that Iraq will cooperate with countries in the region to prevent similar incidents from happening again.The Iraqi Prime Ministers Office stated that an investigation confirmed the drone attack against Saudi Arabia originated from within Iraq, leading to the dismissal of an Iraqi military commander.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.2 (deep-focus) occurred at 05:24 on September 12 near the Java Sea in Indonesia (5.01 degrees south latitude, 106.88 degrees east longitude). The final result is subject to the official rapid report.Oracle (ORCL.N): Executive Chairman Larry Ellison adopted a new trading scheme on June 22, which is scheduled to terminate on October 24. The scheme aims to allow Oracle to sell up to 50 million shares of Oracle common stock.Saudi Civil Defense: The danger to Khamis Mushait has been averted.

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

Skylar Shaw

Sep 30, 2022 15:09

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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.

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