EUR/USD 1.17359
0.003%
Gold 3644.12
0.279%
Oil 62.263
0.402%
USD/JPY 147.580
0.248%
GBP/USD 1.35611
-0.088%
GBP/JPY 200.144
0.176%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.On September 14th, the Russian Ministry of Defense announced that during the joint military exercises "West-2025," the frigate "Admiral Golovko" launched a Zircon hypersonic missile in the Barents Sea, successfully hitting its target. The Russian side also demonstrated footage of a Su-34 fighter jet taking off and dropping bombs. The exercises, which ran from the 12th to the 16th, were conducted at training grounds in Russia and Belarus, as well as in the waters of the Baltic and Barents Seas.On September 14th, US Secretary of State Rubio began a two-day visit to Israel to discuss the next steps in Gaza and how to address the aftermath of the Israeli militarys attack on Doha, the capital of Qatar, on September 9th, a mediator in the Gaza ceasefire negotiations. Before leaving, he told reporters that the attack had upset US President Trump but would not shake US-Israel relations.Russian Ministry of Defense: Russia shot down 361 Ukrainian drones in one day.On September 14th, local time, on the morning of September 14th, the Israel Defense Forces issued a statement saying that in the past month, the Israeli army killed more than 20 members of the Palestinian Islamic Resistance Movement (Hamas) in military operations in the Gaza Strip, including several militants who participated in the attack on October 7, 2023. The statement also announced the names and photos of some of the personnel.

S&P 500 Price Forecast – S&P 500 E-mini Contract Pulls Back

Skylar Shaw

Jan 31, 2023 16:57


Technical Analysis of the S&P 500

As we continue to wait for the Federal Reserve statement on Wednesday and many people speculate as to what Jerome Powell would say, the S&P 500 E-mini contract has slightly declined during the trading session on Monday. The truth is that as everyone gets ready for the possible volatility late Wednesday, we are going to see a lot of loud activity, but short-term back-and-forth. Since there is so much inflation in the world, even if it is declining, it is still much more than the Federal Reserve's aim, many people are beginning to believe that the Federal Reserve will need to maintain monetary policy looser than expected. There is even speculation that they may decide to increase their aim and accept inflation of 3%. This is absurd.


What will happen in the market in response to the upcoming news is the question at hand. I don't believe we will definitely break down below the 200-Day EMA between now and then, but I do think that if we do have a move ahead of time, it will probably be more bearish than positive. It is not only a very significant technical indication, but it is also close to the psychologically significant 4000 level. In the long run, a rise to the 4200 level is possible if we were to surpass the peak of the shooting star from the Friday session. In the end, this condition tends to increase volatility.

Suggestion