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May 8th - According to the official website of the China Securities Regulatory Commission (CSRC), Kunlun Core (Beijing) Technology Co., Ltd. officially launched its IPO preparation on May 7th, 2026, with China International Capital Corporation Limited (CICC) serving as the IPO advisor.1. The three major U.S. stock indexes closed slightly lower. The Dow Jones Industrial Average fell 0.63% to 49,596.97 points, the S&P 500 fell 0.38% to 7,337.11 points, and the Nasdaq Composite fell 0.13% to 25,806.2 points. Caterpillar fell more than 3%, and JPMorgan Chase fell more than 2%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index rose 0.69%, Tesla rose more than 3%, and Nvidia rose more than 1%. The Nasdaq China Golden Dragon Index fell 1.4%, Tiger Brokers fell more than 7%, and Pony.ai fell more than 6%. The Nasdaq and S&P 500 indexes fell after hitting intraday highs. 2. The three major European stock indexes all closed lower. The German DAX fell 1.02% to 24,663.61 points, the French CAC40 fell 1.17% to 8,202.08 points, and the UK FTSE 100 fell 1.55% to 10,276.95 points. 3. Most major Asia-Pacific stock indices closed higher. The Nikkei 225 surged 5.58% to close at 62,833.84 points, while the Korea Composite Stock Price Index (KOSPI) rose 1.43% to 7,490.05 points, both hitting new record highs. South Koreas stock market capitalization surpassed Canadas, becoming the worlds seventh-largest stock market. Funds continued to favor AI-related stocks, with SoftBank Group surging over 18%, KaiXia rising 19%, SK Hynix gaining over 3%, and Samsung Electronics climbing 2%. Indias SENSEX 30 index fell 0.15% to 77,844.52 points. 4. The WTI crude oil futures contract closed up 2.71% at $97.66 per barrel; the Brent crude oil futures contract rose 2.07% to $103.37 per barrel. 5. International precious metals futures generally closed higher, with COMEX gold futures rising 0.04% to $4,696.00 per ounce and COMEX silver futures rising 2.09% to $78.92 per ounce. 6. Most London base metals fell. LME zinc rose 1.41% to $3,447.0/ton, LME lead was unchanged at $1,977.5/ton, LME tin fell 0.29% to $53,650.0/ton, LME nickel fell 0.44% to $19,115.0/ton, LME copper fell 0.51% to $13,323.5/ton, and LME aluminum fell 0.92% to $3,490.0/ton.South Koreas unadjusted current account balance for March was $37.33 billion, revised from $23.1927 billion in the previous month.Meta Platforms (META.O): Part 2 of Canadas Bill 22 could have a significant negative impact on Canadians privacy and cybersecurity.Meta Platforms (META.O): (Regarding Canadas C-22 bill) urged the government to amend the bill to remove the obligation for companies to add third-party monitoring tools to their systems.

S&P 500 Price Forecast – Stock Markets Run Out of Momentum

Skylar Shaw

Jun 28, 2022 14:50

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Initial attempts at a rebound by the S&P 500 in the futures market on Monday failed due to the overbought state on Friday stalling.

Technical Analysis of the S&P 500

The S&P 500 attempted to rebound early in the Monday session in the futures market, but has encountered a little bump on the road because to the ongoing commotion. As a result, there is a good chance that the market will continue to experience trepidation and maybe a retreat. Even if the Friday session was quite volatile, we are still very much in a downturn. You might perhaps make a weak case for portfolio rebalancing on Friday or, to be honest, merely short-covering as we go into the weekend.


Nevertheless, the 50 Day EMA is rapidly approaching the 4000 mark, therefore I believe it is also speaking. I've been seeking for a chance to short this market when it shows indications of weariness, and I think I'm about to. At least until we break over the 4200 barrier, I have no interest in purchasing the S&P 500. It's important to be patient and select your locations in the meantime. If it begins to move in my way, I will add to my initial little position. It is not always possible to quantify short selling, making it something of an art form. Risk management, emotion, and fear are all important factors.


It should be emphasized that I usually take around half as much risk when shorting a company or an index as when I would be purchasing it. They are not intended to fall for extended periods of time, which is the reason.

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