EUR/USD 1.15237
-0.618%
Gold 4270.04
-1.803%
Oil 100.145
3.116%
USD/JPY 154.934
0.814%
GBP/USD 1.34647
-0.453%
GBP/JPY 208.619
0.357%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Philadelphia Semiconductor Index fell 5.9%, on track for its worst performance since July 1.Kimberly-Clark shares rose about 2% after Reuters, citing sources, reported that the company is preparing to sell assets in an effort to secure EU approval for its acquisition of Kenvue.UBS raised its price target for General Motors (GM.N) from $102 to $114.On September 14th, the National Immigration Administration and the State Administration for Market Regulation jointly issued an announcement, promulgating the "Administrative Measures for the Filing of Institutions and Personnel Engaged in Exit-Entry Intermediary Services," which will take effect on September 15, 2026. The Measures, formulated in accordance with the "Exit-Entry Administration Law of the Peoples Republic of China" and the "Regulations of the State Council on Exit-Entry Administration," aim to standardize the filing management of institutions and personnel engaged in exit-entry intermediary services. The Measures, comprising 14 articles, further clarify the scope of filing, filing period, and required filing materials, and stipulate that the exit-entry administration agencies of public security organs of local peoples governments at or above the county level shall implement filing management for institutions and personnel engaged in exit-entry intermediary services within their jurisdictions. The Measures require that while strengthening supervision and management, public security exit-entry administration agencies should continuously optimize work processes and improve the convenience of filing for institutions engaged in exit-entry intermediary services.Johnson & Johnson (JNJ.N) shares rose 2% after reports that the company’s orthopedic business had attracted interest from Apollo Global Management in a potential deal worth $20 billion.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

Suggestion