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The UK FTSE 100 index opened down 40.31 points, or 0.41%, at 9857.11 on Monday, December 22; the French CAC 40 index opened down 12.31 points, or 0.15%, at 8139.07; the Euro Stoxx 50 index opened down 2.45 points, or 0.04%, at 5757.90; the Spanish... The IBEX 35 index opened down 39.27 points, or 0.23%, at 17,130.53 on Monday, December 22; the Italian FTSE MIB index opened up 12.95 points, or 0.03%, at 44,770.50 on Monday, December 22; and the German DAX 30 index opened down 3.12 points, or 0.01%, at 24,292.83 on Monday, December 22.On December 22nd, Baowu Magnesium Industry stated during a targeted survey that since the release of the new national standard, upstream and downstream companies in the electric vehicle industry chain have quickly taken action to actively initiate the replacement of plastic parts with magnesium alloys. It is expected that during the 15th Five-Year Plan period, the use of magnesium in electric two-wheelers will continue to increase rapidly. Currently, many electric bicycle companies have begun to actively adopt magnesium alloy materials. Industry leaders such as Aima, Yadea, and Niu have already used magnesium alloys to manufacture wheel hubs, frames, and other components in some models. Judging from the companys orders, the use of magnesium alloys in two-wheeled electric vehicles is increasing rapidly, a trend driven by the new national standard policy, lightweighting requirements, and technological advancements. With increased penetration and expanded application components, even greater growth is expected in the coming years, indicating a broad market prospect.AstraZeneca: Enhertu receives Breakthrough Therapy Designation for the treatment of early breast cancer following neoadjuvant therapy.Huabao New Energy stated on its interactive platform that its portable energy storage products can charge new energy vehicles. Currently, the companys 3000Pro2 outdoor power supply can increase the driving range of new energy vehicles by 15-25 kilometers.Rheinmetall: Providing weapon systems for the German Federal Armed Forces new RCH155 wheeled howitzer. Delivery is scheduled between 2027 and 2029.

S&P 500 Price Forecast — Stock Markets Wait for Jackson Hole Results

Alice Wang

Aug 25, 2022 15:20

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Technical Analysis of the S&P 500

During the trading session on Wednesday, the S&P 500 briefly declined, but soon began to rebound. The market seems to be attempting to establish a little short-term basis at this time. Therefore, the Jackson Hole Symposium and of course Jerome Powell's address on Friday are expected to be closely watched by the market.


Currently, we are trading above the 50-day EMA and below the 200-day EMA. Since we are squeezed between these two moving averages, it is possible that we will have an explosive move at some point in the future. In the end, the market is trying to determine if the Federal Reserve will start acting aggressively tight or whether it will keep feeding the Wall Street speculators. Looking at this chart, it is clear that the market will likely remain volatile. It is also important to note that we just had a significant decline, so we may need to take a little break.


The chance of a move down to the 4000 level in the E-mini contract, and maybe much lower, arises if we were to break down below the 50-day EMA. Currently, we are attempting to determine if the market is attempting to enter a period of bull market activity or whether we have just corrected the overall image of a downturn. In all likelihood, the next several days will be quiet until we see how the speech was received. It's also important to keep in mind that Wall Street often makes mistakes on the first day before reversing sharply the next day.

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