EUR/USD 1.17359
0.003%
Gold 3644.12
0.279%
Oil 62.263
0.402%
USD/JPY 147.580
0.248%
GBP/USD 1.35611
-0.088%
GBP/JPY 200.144
0.176%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
WHO: Ebola vaccination has begun in the Democratic Republic of the Congo. The International Coordinating Group on Vaccine Provision has approved the shipment of approximately 45,000 additional doses of Ebola vaccine to the region.On September 14, according to reports from the British newspaper The Guardian and other media outlets, the Pakistani military said on the 13th local time that Pakistani security forces raided two hideouts of the Pakistani Taliban. Fierce clashes broke out between the two sides near the Pakistan-Afghanistan border, killing 35 militants and 12 soldiers. The report said that Pakistani security forces killed 22 militants in the first raid in the Bajaur district of northwestern Khyber Pakhtunkhwa province. Another 13 militants were killed in another raid in the South Waziristan district of Khyber Pakhtunkhwa province.September 14th news: On September 14th local time, China and the United States held talks on economic and trade issues in Madrid, Spain.On September 14, according to Deutsche Presse-Agentur, Andre Tillich, head of Teslas German factory, said that more electric vehicles will be produced than previously planned because "sales data is very ideal." Tillich said that the factory has raised its production plan for the third and fourth quarters, and added that Teslas German factory still expects "positive signals from all markets we supply." However, he did not disclose specific production targets. However, this optimistic statement contrasts with recent sales data. Teslas new car registrations in Germany fell by 39% last month, and the cumulative drop in the first eight months of this year was 56%. In France, Belgium, Denmark and Sweden, Teslas sales in August also fell sharply. Norway is an exception, with registrations increasing by 21% last month and a cumulative increase of 26% so far this year.German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.

S&P 500 (SPY) Rallies As Dollar Pulls Back From Highs

Cory Russell

Sep 29, 2022 14:34

微信截图_20220929142501.png

Technical Analysis of the S&P 500

Throughout electronic trading overnight in Asia, the S&P 500 originally declined, but the E-mini contract proved to be durable during trade, and now it seems that we are attempting to build some sort of support. Having said that, the fact that we have reached a "lower low" indicates that the overall structure is still highly unfavorable. Because of this, I believe it's just a matter of time until we see new lows, but in the meanwhile, let's have a little rebound to shake a few folks about.


At this point, I would consider any rise to be a possible selling opportunity, at the very least at the first indications of tiredness. As the 50-Day EMA is falling and moving toward the market, the 3800 level makes a lot of sense as a barrier.


I do believe that traders will continue to sell off short-term gains in this scenario, but the odd relief rally does make a lot of sense. We have, after all, moved too quickly and drastically to the negative in this circumstance. So be it if the market gains. Although I won't be participating, I'll be on the lookout for a chance to go short once again. The Bank of England has opted to increase its bond purchases, and while it's probably important to note that they are rising rates concurrently, the Federal Reserve is nothing near relaxing monetary policy at this moment, so you probably have a lot of people purchasing.


Today on Wall Street, the story will almost certainly go something like this: "If the Bank of England is prepared to change course, then the Federal Reserve must be prepared as well!" These idiots are the ones that incur losses. Nothing has changed, and as of right now, the higher it rises, the more interested I am in selling.


Suggestion