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On May 30th, the State Administration for Market Regulation announced that, in order to adapt to the needs of combating and rectifying pyramid schemes under the new circumstances, protect the legitimate rights and interests of natural persons, legal persons, and unincorporated organizations, and maintain market order and social stability, it has organized the revision of the "Regulations on Prohibiting Pyramid Schemes," resulting in the "Draft Regulations on Prohibiting Pyramid Schemes (Revised Draft for Public Comment)," which is now open for public comment. The public comment period is from May 29th to June 28th, 2026. The draft revisions focus on the following aspects: adding specific content on combating online pyramid schemes; strengthening the working mechanisms and measures for preventing and combating pyramid schemes; and increasing the legal liabilities for pyramid schemes.On May 30, at the invitation of Valentina Matviyenko, Chairwoman of the Federation Council of Russia, and Volodin, Chairman of the State Duma, Zhao Leji, Chairman of the Standing Committee of the National Peoples Congress, paid an official friendly visit to Russia from May 27 to 30. In Moscow, he held separate talks with Matviyenko and Volodin and attended the 11th meeting of the China-Russia Parliamentary Cooperation Committee. Zhao Leji stated that the exchange mechanism between the legislative bodies of China and Russia is increasingly完善 (perfected/improved), playing an important role in optimizing the legal environment for bilateral cooperation and consolidating the public opinion foundation of bilateral relations. Both sides should, based on the functions and responsibilities of their legislative bodies, maintain the good momentum of multi-level and multi-field exchanges, enhance mutual understanding and trust, strengthen exchanges and mutual learning, and better serve the development of the China-Russia comprehensive strategic partnership of coordination for a new era. Exchanges of legislative experience should be conducted in areas such as national security, ecological and environmental protection, artificial intelligence, and foreign-related legal affairs.According to AXIOS, the first Windows PCs equipped with NVIDIA (NVDA.O) chips will be unveiled next week.On May 30th, Xiaomi officially unveiled its end-to-end optimization solution for the inference system of the MiMo-V2.5 series models. According to Xiaomi, the team systematically reconstructed the entire inference stack, from KVCache management, hierarchical caching, and prefix caching to scheduling strategies and the Prefill/Decode link, based on a hybrid architecture of Hybrid SWA+MoE+multimodal. KVCache storage was compressed to approximately 1/7 of comparable solutions, significantly reducing inference costs in long-sequence scenarios—this is the core technological foundation for this price reduction. On May 27th, the MiMo-V2.5 series API underwent a permanent price reduction, with a maximum reduction of 99%, regardless of input length.On May 30, the nations first green computing power full-stack AI platform was officially launched in the Hohhot Area of the Inner Mongolia Pilot Free Trade Zone, filling the gap in the regions one-stop computing power model word element comprehensive service transaction.

S&P 500 Price Forecast – Presidents Day Trading Almost Nonexistent

Jimmy Khan

Feb 21, 2023 15:28


Technical Analysis of the S&P 500

Monday's trading session saw the S&P 500 index closed, although there was some electronic trading in the futures markets. In the end, this market has been focusing on support that is close below, and Friday saw the formation of a nice-looking hammer. It is obviously encouraging and indicates that things may turn around as the consolidation process continues. For what it's worth, both the 50-Day EMA indicator and the 200-Day EMA indicator have gravitated toward the 4000 level below. Because of this, I think it will be extremely difficult to break down below the 4000 level. That's effectively your present "floor in the market," in my opinion.


Remember that the market is now influenced by earnings season, which is currently underway. At this point, I believe there is a chance for unpredictable behavior. Of course, there is also the possibility that the Federal Reserve will hold interest rates high for a longer period of time than expected. While the underlying economy is far from healthy, Wall Street has a tremendous capacity to see right past all of that, so do not be shocked at all to see Wall Street continue to increase. Stock dealers don't appear to be aware that inflation is still way too high.


If we were to break over the 4200 level above, that should be a level of interest, and if we did, I believe the S&P 500 might increase by another 100 points at that time. After that, a hypothetical 4500 level assault would be on the horizon. The next significant support level, which I see if we reverse course and go below that 4000 level, is the 3800 level, an area that has previously played a significant role.


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