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On April 28, the Russian Foreign Ministry announced on the 27th an expansion of the list of European personnel banned from entering Russia. This expansion includes individuals from European organizations and countries involved in military aid to Ukraine and those imposing sanctions on Russia, in response to the EUs approval of a new round of sanctions against Russia. The Russian Foreign Ministry stated that the EU recently approved the 20th round of sanctions against Russia, attempting to continue pressuring Russia. Therefore, in accordance with relevant Russian federal laws, Russia has "significantly expanded the list of European institutions, EU member states, and representatives of European countries pursuing Brussels anti-Russian policies who are prohibited from entering Russia."On April 28th, it was learned that Pakistan stated on the 27th that Afghan officials claims of a Pakistani attack in Kunar province were false. Pakistan also stated that whenever and wherever it strikes terrorist strongholds and facilities within Afghanistan, it will, as in the past, issue prior public statements, assume full responsibility, and provide precise evidence to prove that the targets are terrorist support facilities. Afghan government deputy spokesman Hamdullah Fytrat said on social media on the 27th that Pakistan attacked eastern Afghanistans Kunar province that day with mortars and rockets, resulting in 4 deaths and 70 injuries.A U.S. judge has ordered the temporary detention of the suspect in the White House reporters dinner shooting, with a detention hearing scheduled for Thursday.Citi/YOUGOV survey: UK inflation expectations for the next year are 5% in April, compared to 5.4% in March.Court transcripts show that the suspect in the White House correspondents dinner shooting is accused of attempting to assassinate the US president.

S&P Weekly Price Forecast – Stock Market Continues to Show Choppy Behavior

Alice Wang

Jan 09, 2023 16:22

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Weekly Technical Analysis for the S&P 500

Even though the S&P 500 experienced some slight losses during the trading week, it appears content to remain in the same consolidation range that we have been in for the past few weeks. This is especially true given that the Non-Farm Payroll report revealed that wage inflation is beginning to decline in the United States, which has led some investors to speculate that the Federal Reserve will change course. They are miles away from it, and nothing has changed. Rallies at this point continue to seem suspicious, particularly given that the 50-Week EMA is located directly at the downtrend line, close to the 4020 region.


We might clear the 3800 level and perhaps prepare to drop to the 200-Week EMA, which is exactly at the significant 3700 level, if the market were to reverse course and break down below the bottom of the previous two candlesticks. Even though there is still a lot of loud back-and-forth activity in this circumstance, I do think the market will ultimately make a greater move.


The quantity of "hopium" that appears to be present on Wall Street is quite amazing, while there are still several factors at play that continue to work against the strength of the stock market. At some point, the following week or two should start to heat up, and the next move may start to take shape.


Although I remain pessimistic, the fact that we are sandwiched between the 50-Week EMA and the 200-Week EMA suggests that some kind of squeeze is likely to occur sooner rather than later. In other words, before investing money, everyone at the market should notify me the way it intends to break.

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