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February 21st - According to data from online platforms, the total box office revenue (including pre-sales) for films released during the 2026 Spring Festival has exceeded 4 billion yuan. "Pegasus 3," "Silent Assassination," and "Boonie Bears: The Big Adventure" ranked in the top three.On February 21, South Korea stated that the US Supreme Courts rejection of President Trumps emergency powers to impose tariffs would not undermine the broader trade agreement reached with the United States. The South Korean Minister of Trade, Industry and Energy convened an emergency meeting on Saturday to assess the ruling. In a statement, the Ministry of Trade, Industry and Energy said the ruling invalidates the current 15% reciprocal tariffs applicable to South Korean goods. While the ruling increases uncertainty for exports to the US, the overall framework of export conditions guaranteed under the Korea-US tariff agreement will remain unchanged. The ministry pledged to take comprehensive measures to protect national interests and South Korean businesses. The ministry stated that industry-specific tariffs imposed on automobiles and steel under other laws remain in effect and are unaffected by the court ruling.On February 21, JPMorgan Chase filed a request with the court to move its lawsuit against President Trump over the closure of his accounts from Miami to a federal court in New York. The company stated in its filing that Trump and several of the companies involved in the lawsuit gave written consent at the time the accounts were opened that any disputes would be litigated in New York, where the bank is headquartered. JPMorgan Chase also stated that moving the case is in the public interest due to the overwhelming connection between the dispute and New York. According to the banks filing, the accounts in question were opened in New York, the bankers managing these accounts are based in New York, and the alleged activities that triggered Trumps lawsuit also took place in New York. Trump sued the bank and its CEO Jamie Dimon in January of this year, seeking at least $5 billion in damages, accusing the bank of "debanking" him and his companies after his supporters stormed the U.S. Capitol on January 6, 2021.February 21st - According to forecasts, the Qiongzhou Strait will see a peak in return travel from today until the seventh day of the Lunar New Year (February 20th-23rd). For water transport, maximum capacity will be utilized, with increased ship frequency and timely release of additional vehicle and passenger tickets in different time slots. Railway ferry tickets and tickets for off-peak periods are relatively plentiful. Civil aviation is also actively working to increase capacity to ensure smooth travel to and from the islands. Meanwhile, to minimize queues and waiting times, passengers are advised to adjust their travel plans accordingly and travel during off-peak hours.February 21st - According to the China State Railway Group, the national railway system is expected to transport 16.8 million passengers today (February 21st), with 2,052 additional passenger trains planned. Yesterday (February 20th), the national railway system transported 15.372 million passengers.

S&P 500 Price Forecast – Thin Labor Day Trading

Skylar Shaw

Sep 06, 2022 16:15

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Technical Analysis of the S&P 500

Limited electronic trading on Monday saw the S&P 500 fluctuate within a fairly narrow range, which is not a great surprise given that Labor Day is now taking place in the United States. Nevertheless, the 3900 level is providing support for the market, which is a positive development. If we were to go below that point, we may be able to go further below. The likelihood is that we will then try to descend to the 3800 level. Following that, the low at the level of 3637 would be our next target.


Currently, rallies should encounter significant resistance, particularly at the 4061 level, where it seems that the 50-Day EMA is attempting to cross lower. In the end, the Federal Reserve has maintained a strict monetary policy, and a recession is unavoidably on the horizon.


Having said that, there isn't really a good reason to think that the S&P 500 will continue to rise for a while. Yes, there is a chance for a little rebound, but it's more likely to be a buying opportunity. The macroeconomic environment does not call for that kind of trading, therefore I don't really have a circumstance where I want to be a buyer. The markets will remain quite boisterous, and Tuesday's opening could be a little chaotic.


More often than not, sellers will continue to rush into this market at the first symptoms of tiredness since the market will almost certainly continue to see a lot of loud and disruptive conduct.

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