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On September 17, Russian Foreign Minister Sergey Lavrov stated at a social event that dialogue with the United States has not yielded any substantial results for Russia, and is not expected to. On September 5 and 6, US Presidential Envoy Witkov and Trumps son-in-law Jared Kushner visited Russia and Ukraine respectively, presenting a so-called "peace plan" to mediate the Russia-Ukraine conflict. The Russian and US leaders held a one-hour phone call on September 8, with both sides positively evaluating the results of the US envoys shuttle mediation. However, according to an interview released earlier on September 8, Lavrov revealed that the two core sticking points that have been hindering a complete end to the Russia-Ukraine conflict remain unresolved.On September 17th, the General Office of the State Council issued the "Opinions on Further Strengthening the Safety Supervision of the Entire Chain of Fireworks and Firecrackers," outlining measures to prevent and mitigate major safety risks and effectively curb accidents. The "Opinions" propose a series of specific measures to strengthen the safety supervision of the entire chain of fireworks and firecrackers, including production, storage, operation, transportation, and setting off. In the production stage, strict approval procedures for production enterprise access permits will be enforced, and the control of drugs and semi-finished products used in fireworks and firecrackers production will be strengthened to strictly control safety risks during the production process. The "Opinions" emphasize strengthening the quality and safety supervision of fireworks and firecrackers products, promoting product quality upgrades, conducting product quality supervision and spot checks in accordance with the law, and strictly prohibiting the production and operation of products that do not meet national standards, such as those exceeding drug dosage or specifications. The "Opinions" also emphasize strengthening the implementation and improvement of standards, enhancing the construction of the safety production standard system, leveraging the rigid binding role of mandatory standards, and promoting the comprehensive compliance of equipment and facilities in fireworks and firecracker enterprises. Finally, the "Opinions" stress strict enforcement of safety supervision, strengthening the connection between administrative and criminal law, strengthening in-depth investigation, tracing, and coordination throughout the entire chain, and severely cracking down on illegal activities.Market news: French President Macron will convene a meeting of leaders of political parties at 10:30 a.m. local time on Friday (4:30 p.m. Beijing time).Türkiyes Ministry of Defense condemned the Houthi drone attacks on Saudi Arabia, saying the threat undermines regional stability. The Houthi threat in the Red Sea and the Bab el-Mandeb Strait is harming global maritime trade.On September 17th, at the "2026 National Cybersecurity Awareness Week - Electronic Product Information Erasure Sub-Forum" held in Jinan, Shandong on September 15th, three cybersecurity standard practice guidelines—the "Technical Guidelines for Erasing Semiconductor Storage Media Blocks," the "Management Guidelines for Information Erasure in the Electronic Product Recycling Process," and the "Technical Guidelines for Information Erasure in Mobile Smart Terminals"—were officially released to the public. These guidelines were developed to support the implementation of the mandatory national standard GB 46864-2025 "Data Security Technology - Technical Requirements for Information Erasure in Electronic Products" and to guide and standardize electronic product information erasure activities. Under the guidance of the Cyberspace Administration of China, the Ministry of Industry and Information Technology, and other departments, the Secretariat of the National Cybersecurity Standardization Technical Committee organized more than 30 memory chip manufacturers, electronic product manufacturers, recycling operators, and third-party organizations to compile these three cybersecurity standard practice guidelines.

S&P 500 Price Forecast – Stock Market Has a Good Day to Close Out the Week

Steven Zhao

Jan 09, 2023 16:32


Technical Analysis of the S&P 500

During the course of Friday's trading day, the S&P 500 E-mini contract rose as the Non-Farm Payroll report came in hotter than anticipated but also revealed that pay inflation was beginning to decline. In that case, wagers were placed that the Federal Reserve would ease monetary policy sooner than they had originally anticipated. Although this is absurd, it seems like there may still be some issues with the 50-Day EMA. There should be a lot of noise between that indication and the 200-Day EMA, even if we break above that signal.


On the other side, a move down to the 3700 level becomes possible if we break down below the 3800 level. In such setting, the market is more likely to be in a "risk off" state, hence the downward pressure will likely intensify. In the end, I don't want to be too nice with this because I do believe we have some significant problems. Nevertheless, given enough time, it is highly possible that there will be a lot of volatility, which will, of course, continue to cause traders to lose money in this setting.


The market is, to put it mildly, highly noisy, so you need be careful with your position size and understand that, more often than not, we will be more back-and-forth than anything else. If you have a great range bound trading method, however, then you may find this market intriguing. As a result, noise will be the norm in this place.

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