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According to sources, members of the Irish Football Association have approved a resolution calling on UEFA to suspend Israels participation in European competitions.On November 8th, the Russian Ministry of Defense reported that Russian armed forces launched a large-scale attack on Ukrainian military-industrial enterprises and related energy facilities using high-precision weapons from the night of November 7th to the early morning of November 8th, hitting all targets. The report stated that the high-precision weapons used by Russia included the Kinzhal hypersonic ballistic missile. Russian air defense systems shot down 178 Ukrainian drones and two guided-missile bombs in the past 24 hours. According to reports from the Ukrainian Air Force and various levels of government agencies on November 8th, from the night of November 7th to the early morning of November 8th, Russian forces launched a large-scale missile and drone attack on Ukraine, damaging energy and railway facilities in Poltava, Kharkiv, Kyiv, and Dnipropetrovsk regions. Emergency power outages were implemented in multiple areas, including Kyiv, Kyiv, and Kharkiv. As of the morning of November 8th, the attacks had resulted in four deaths. The Ukrainian State Electricity Company posted on social media that day that several Ukrainian regions were experiencing emergency power outages due to the airstrikes, and industrial users continued to experience power rationing.Egypts Ministry of Petroleum: A new shipment of liquefied natural gas, amounting to 150,000 cubic meters, has been exported to Greece via a vessel chartered from Shell.On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.

Stock Markets Continue to Get Hammered

Skylar Shaw

Jul 06, 2022 14:55

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Technical Analysis of the S&P 500

During Tuesday's trading session, the S&P 500 attempted to rise a little at first before turning around and falling considerably. The market then began to weaken and broke down below the 3800 level. The 3750 level was then challenged, which has served as support over the last several days. However, I believe it will likely not take long for the price to break down from here and continue to decline. I believe it will only be a matter of time until we test and perhaps even break past the 3700 level since it is a strong area of support.


The 3950 level may act as barrier if we do reverse course and rally, as it did in recent weeks. The 50 Day EMA, the 3993 level, and falling come next. In the end, I believe that this market will continue to see a great deal of negative, therefore I'm watching for signals of tiredness to sell, similar to what we saw in the futures market early on Tuesday.


Both the Federal Reserve's continued tightening of monetary policy and the need for companies across the S&P 500 to write down results will work vehemently against this index. Because of this, I am not interested in investing in this market until a fundamental shift takes place, which I just don't believe will happen soon. Longer-term investors could see this as a chance to "pick up value," but I would exercise caution since there are so many factors now pushing against the stock market.

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