EUR/USD 1.04060
-0.031%
Gold 2750.45
-0.211%
Oil 75.034
-0.275%
USD/JPY 156.510
-0.008%
GBP/USD 1.23126
-0.016%
GBP/JPY 192.710
0.020%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Teslas Canadian Model S and X prices will increase by up to $4,000 on February 1.The Hang Seng Tech Index turned downward in late midday trading, and the Hang Seng Indexs gains narrowed to 0.14%.According to the Wall Street Journal: The Trump administration is trying to create a larger team of law enforcement officials to help carry out deportations by giving law enforcement officers across the federal government the same powers as immigration officials.On January 23, Zou Lan, a member of the Party Committee of the Central Bank, said at a press conference of the State Council Information Office on the 23rd that with the support of policies, the scale of securities companies proprietary stock investment has increased significantly. Driven by sufficient policy space and implementation plans, it is expected that the business scale and response speed will be greatly improved. The central bank will improve the convenience of using policy tools and promote the expansion of tools in a timely manner.Zou Lan, member of the Party Committee of the Central Bank: We will continue to optimize the policy arrangements for stock repurchases and additional lending, reduce the proportion of own funds when applying for loans from 30% to 10%, and extend the maximum loan term from one year to three years.

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