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According to Iranian reports, more than 200 enemy aircraft have been shot down in the recent conflict.On August 17th, Alexander Stepanov, a military expert at the Institute of Law and National Security of the Russian Presidential Academy of National Economy and Public Administration (RANEPA), stated that Irans resistance to the US military presence in the Middle East has seriously challenged the feasibility of deploying its carrier strike groups. Stepanov stated that aircraft carriers are among the most expensive tools for projecting US military power, but their effectiveness has been severely diminished due to their inherent weaknesses and the lack of adequate means to protect such large, high-value assets. He further pointed out that the more than 260-day deployment at sea and the inherent vulnerabilities of the ships themselves have placed a heavy burden on the crews. This is the longest mission to date, yet it has yielded almost no substantial military results.On August 17th, according to reports from the Ukrainian Air Force and local officials on social media, Russian forces launched attacks on 16 locations in Sumy, Odessa, and Kharkiv regions from the evening of the 16th to the early morning of the 17th. As of the morning of the 17th, the attacks had resulted in at least two deaths and 11 injuries. The Ukrainian Air Force stated on the morning of the 17th that Russian forces launched 128 drones into Ukrainian territory from the evening of the 16th to the early morning of the 17th. As of 8:30 AM on the 17th, Ukrainian air defense and electronic warfare units had intercepted 106 drones. The Ukrainian State Emergency Service stated on the morning of the 17th that Russian forces launched attacks on Sumy region in the early hours of the day, targeting residential buildings and structures, resulting in two deaths and one injury.On August 17, according to a statement from the Iraqi Kurdistan Regional Governments (KRG) Anti-Terrorism Directorate, at 00:28 local time, two Hadid-110 drones loaded with explosives took off from the Iranian border, targeting the KRG Prime Ministers office and the residence of the KRG Security Director in the Pilm district of Erbil province. No casualties were reported. The statement strongly condemned the attack and act of aggression, reiterating that these actions were "completely unacceptable" and that all perpetrators would be held accountable.On August 17, local time, Yadora Javani, deputy political commander of the Iranian Islamic Revolutionary Guard Corps, said: "The Strait of Hormuz will be reopened once the United States fulfills its commitments under the Islamabad memorandum."

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.