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Susquehanna International: Raised the target price for Micron Technology (MU.O) to $200, from $160 previously.Gold options data show that before the Feds decision, the Put/Call ratio continued to rise but was still below 1, indicating that bullish expectations still prevailed, but short- and medium-term precautions against pullbacks increased; the transaction ratio returned to around 0.5, the short-term short-selling momentum weakened, and the market was more inclined to oscillate or slowly rise. The high probability range rose from 15% to nearly 19%, and the slope became steeper, especially above 3680-3700 (spot price of about 3673-3693), indicating that "high prices mean strong waves", and once it breaks through, it is easy to trigger a rapid saw-saw and a false breakthrough. Strategically, pay attention to the gains and losses of 3680-3700: if the position ratio is greater than 1 and the implied volatility continues to rise and approaches 20%, tend to reduce positions at highs and defend retreat; if the transaction ratio continues to weaken toOn September 17th, ahead of the Federal Reserves interest rate decision (widely expected to be a 25 basis point rate cut), long-term U.S. Treasury yields edged lower, with the 10-year yield approaching 4%. Short-term Treasury yields were largely unchanged, as the market has already priced in a rate cut. However, if the decision includes any comments on future interest rate trends, yields could fluctuate. "Bond investors remain cautious, and we expect yields to react," said Frank Walbaum of Naga in a report. The market analyst noted that weakening economic expectations or policy guidance for further rate cuts could lead to further declines in Treasury yields and the US dollar; however, a more cautious signal could provide temporary relief.Novo Nordisk (NVO.N): Trials of semaglutide for Alzheimers disease are "like a lottery."Kremlin: (Regarding the EUs plan to accelerate the phase-out of Russian energy) Russia defends its own interests and will not be affected by sanctions.

S&P 500 Price Forecast – 50-Day EMA Continues to Offer Eupport

Cory Russell

Dec 09, 2022 15:49

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Technical Analysis of the S&P 500

During the trading day on Thursday, the S&P 500 fluctuated back and forth as we remained close to the 50-Day EMA. It's not shocking to see that we have bounced from this point because the 50-Day EMA is an indicator that many traders will pay attention to. You should look at the 3900 level if we were to break down below the 50-Day EMA. After that, you should also look at the 3800 level, which has historically provided a lot of support and resistance.


Remember that the Federal Reserve will decide on interest rates the following week, and many traders will be watching the announcement to see if it provides any clues as to where we might be headed. It should be emphasized that tomorrow will see the release of the PPI statistics from the United States, which will undoubtedly have a significant impact on what happens next.


The market is located between the 50-Day EMA and the 200-Day EMA indicators, which naturally has a significant impact on technical analysis and all other forms of algorithmic systems. To put it another way, a significant movement would not come as a tremendous surprise, but it might be influenced by the Federal Reserve meeting or even the CPI reading. Given that the year is almost coming to a finish and there is a dearth of liquidity, I'm not particularly hoping for anything significant in the meantime.

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