EUR/USD 1.09423
-0.992%
Gold 3036.33
-2.501%
Oil 62.471
-5.781%
USD/JPY 146.825
0.520%
GBP/USD 1.28724
-1.731%
GBP/JPY 189.004
-1.200%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 6, the Yangtze River Delta Railway welcomed the peak of the Qingming Festival return trip, with an estimated 4.1 million passengers.April 6th, two sources said that the OPEC+ ministerial meeting held on Saturday maintained its oil production policy unchanged and was discussing compliance with production cut targets and plans for some member countries to compensate for production exceeding quotas.On April 6, Ukrainian President Volodymyr Zelensky said on social media on April 5 local time that French Chief of the General Staff Thierry Burkhard and British Chief of Defense Staff Admiral Tony Radakin met with the Ukrainian military in Kiev. Zelensky said that all parties are making every effort to ensure Ukraines security, and the negotiations on the deployment of European partner security teams have made substantial progress and initial details.On April 6, the Russian Ministry of Defense issued a notice on the 5th saying that in the past 24 hours, the Ukrainian army had carried out 14 attacks on Russian energy infrastructure, resulting in power outages in Bryansk Oblast, Belgorod Oblast and other places, and residents were evacuated. The Russian side said that it has launched emergency repair work and strengthened air defense deployment for key facilities. In response, the General Staff of the Ukrainian Armed Forces responded that the Russian statement was not true.On April 6, Meta Platforms (META.O) released a new set of artificial intelligence models in its Llama series, Llama 4, on Saturday. There are a total of four new models in the series: Llama 4 Scout, Llama 4 Maverick and Llama 4 Behemoth. Meta said that all these models have been trained with "a large amount of unlabeled text, image and video data" to give them "extensive visual understanding capabilities." Meta AI has been updated to use the Llama 4 model in 40 countries. Currently, multimodal features are only available in English in the United States.

S&P 500 Choppy Ahead of the FOMC Press Conference

Skylar Shaw

May 05, 2022 10:37

Technical Analysis of the S&P 500

The S&P 500 first attempted to advance during Wednesday's futures market trading session, and it seems that the 4200 level above will continue to act as a bit of barrier. If we can break through the 4200 mark, we'll most likely target the 4300 level. 


The 4300 level is a big, round number with psychological significance. That is a major barrier, and breaching over it would impact the market's general attitude, as it would continue to confirm the enormous hammer that we established throughout the trading session on Monday.


If we break below the bottom of the hammer from Monday's session, we'll most likely target the 4000 handle. Because of the headline noise, the 4000 level underneath it will get a lot of attention, but I believe we will begin to accelerate to the downside at that point. Whatever the case may be, I believe a lot of it boils down to what the Federal Reserve says, and maybe more significantly, how the market interprets it.


Because we will have just completed what is expected to be the largest event for the market this month, the market is likely to experience a strong and impulsive move at this moment. Regardless, there are clearly many fears out there, and unless Jerome Powell can soothe the market jitters, things might become nasty very quickly.

Suggestion