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On May 10, according to the Islamic Republic News Agency (IRNA), Irans Ambassador Extraordinary and Plenipotentiary to Armenia, Khalil Sherhrami, emphasized that an agreement is possible if those countries that have illegally invaded Iran return to rational and logical practices in their policies and actions. In an interview with Armenian television on Saturday, Sherhrami stressed that the aggression against Iran by the US and Israeli regimes clearly demonstrates that Iran cannot be forced to surrender or accept extreme demands from either side through military means, pressure, or threats. He stated that Iran is willing to reach an agreement through negotiations, but this requires clear guarantees that the US will adopt rational and logical practices and ensure that it will not launch another military invasion of Iran. He also emphasized that Iran opposes the selective interpretation of international law and will never allow the Iranian nation to be deprived of its right to the peaceful use of nuclear capabilities.On May 10th, the head of the German Airports Association warned that due to the continued shortage of aviation fuel, more flights may be canceled in the future, and airfares may rise further. (Note: The German Airports Association is an industry organization representing the interests of German airport operators.) The German Press Agency (dpa) reported on the 9th that Ralf Bessel, CEO of the association, said in an interview with the German newspaper Die Welt: "We are concerned that more flights will be canceled, especially flights of low-cost carriers and flights to destinations less important to tourism." Bessel predicted that in the best-case scenario, passenger numbers will remain at current levels this year, while "in the worst-case scenario, capacity at some airports will decrease by 10%. If this is extrapolated to all airports, it will affect 20 million passengers."May 10 - According to the European-Mediterranean Seismological Centre, a 5.5-magnitude earthquake struck the coastal region of the Biobío Region in central Chile at 22:34 local time on May 9, with a focal depth of 34.3 kilometers. There are currently no reports of casualties or property damage.Israeli Foreign Minister: Two aid convoy activists have been expelled from Israel today.According to the official measurement of the China Earthquake Networks Center, a 3.2-magnitude earthquake occurred at 11:27 on May 10 in Qinghe County, Altay Prefecture, Xinjiang (45.81 degrees north latitude, 90.16 degrees east longitude), with a focal depth of 18 kilometers.

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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