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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

S&P 500 Price Forecast – Consolidation Continues in the S&P 500 E-mini Contract

Jimmy Khan

Feb 10, 2023 15:30

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Thursday's trading session saw a minor increase in optimistic sentiment for the S&P 500 as the E-mini contract increased once again. Having said that, we do generally continue to coil, and I believe that will likely be the case moving ahead.

Technical Analysis of the S&P 500

As we continue to trade in the same range that we have been in for the last week or so, the S&P 500 E-mini contract has marginally risen during Thursday's trading session. We are now in the middle of earnings season, which is characterized by a lot of noise that will continue to give people problems.


Breaking over the 4200 level would be a really powerful indicator, but I don't see it occurring very quickly since it seems to be a highly resistant level. This puts us in a position where, if we break below this level, we might descend all the way to the downtrend line, where the 50-Day EMA is just about to cross the 200-Day EMA.


The S&P 500 E-mini contract's short-term "floor in the market" is now believed to be that golden cross region, which also happens to be the 4000 level. However, I believe that ultimately you have to see this through the lens of a market that is extremely choppy and unsteady. Anything below there may unleash a tremendous wave of selling. If that's the case, it will be challenging to sled, so you need to be careful with the size of your position. Having said that, it's perhaps important to note that the recent highs have been steadily declining. Something is likely going to move swiftly and soon.

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