EUR/USD 1.16141
-0.097%
Gold 4434.77
-0.854%
Oil 89.430
-0.234%
USD/JPY 156.234
0.280%
GBP/USD 1.35183
-0.046%
GBP/JPY 211.206
0.242%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 6th - According to the Ministry of Water Resources, this morning (September 6th), the Ministry held a rolling consultation meeting to analyze and assess the national rainfall and flood situation and to arrange and deploy key defense work. As of 11:00 AM on September 6th, 10 rivers in Zhejiang, Jiangxi, Heilongjiang, and other areas remained above warning levels, with the largest exceeding the warning level by 1.04 meters. The peak of the first flood of the Ganjiang River in Jiangxi has passed the Zhangshu section, and it is expected that the entire main stream of the Ganjiang River will recede below the warning level within the next 24 hours.September 6th - Earlier today, the Iranian Revolutionary Guard Corps (IRGC) announced the release of previously undisclosed surveillance footage and videos of actions against vessels violating regulations. The IRGC stated that its navy took decisive action and implemented effective control in the Strait of Hormuz; any suspicious activity will be targeted. The IRGC asserted that the United States is the greatest threat to the security and maritime trade of countries in the region; any claims of US support and escort are pure lies.Israel Defense Forces: Hezbollah fired two drones at Israeli soldiers, who shot down one of them. No Israeli casualties were reported.The Israeli military stated that Hezbollah had previously launched drone attacks on soldiers within Israels "safe zone," prompting Israel to launch attacks in southern Lebanon.The Israel Defense Forces (IDF) informed residents to evacuate a building in southern Lebanon before launching the attack; the IDF stated that the attack was a response to a drone strike launched by Hezbollah.

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