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Susquehanna International: Raised the target price for Micron Technology (MU.O) to $200, from $160 previously.Gold options data show that before the Feds decision, the Put/Call ratio continued to rise but was still below 1, indicating that bullish expectations still prevailed, but short- and medium-term precautions against pullbacks increased; the transaction ratio returned to around 0.5, the short-term short-selling momentum weakened, and the market was more inclined to oscillate or slowly rise. The high probability range rose from 15% to nearly 19%, and the slope became steeper, especially above 3680-3700 (spot price of about 3673-3693), indicating that "high prices mean strong waves", and once it breaks through, it is easy to trigger a rapid saw-saw and a false breakthrough. Strategically, pay attention to the gains and losses of 3680-3700: if the position ratio is greater than 1 and the implied volatility continues to rise and approaches 20%, tend to reduce positions at highs and defend retreat; if the transaction ratio continues to weaken toOn September 17th, ahead of the Federal Reserves interest rate decision (widely expected to be a 25 basis point rate cut), long-term U.S. Treasury yields edged lower, with the 10-year yield approaching 4%. Short-term Treasury yields were largely unchanged, as the market has already priced in a rate cut. However, if the decision includes any comments on future interest rate trends, yields could fluctuate. "Bond investors remain cautious, and we expect yields to react," said Frank Walbaum of Naga in a report. The market analyst noted that weakening economic expectations or policy guidance for further rate cuts could lead to further declines in Treasury yields and the US dollar; however, a more cautious signal could provide temporary relief.Novo Nordisk (NVO.N): Trials of semaglutide for Alzheimers disease are "like a lottery."Kremlin: (Regarding the EUs plan to accelerate the phase-out of Russian energy) Russia defends its own interests and will not be affected by sanctions.

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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