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On January 18th, thousands of Danish residents held a demonstration in Copenhagen, the capital, on the 17th to protest the United States attempt to control Greenland. Some of the demonstrators were from mainland Denmark, while others were from Greenland. Around noon, the march began at Copenhagens City Hall Square and proceeded to the US Embassy in Denmark, about two kilometers away. The demonstrators held signs reading "Greenland Not for Sale" and "Americans, Get Out," chanting slogans to express the Danish peoples united stance against the USs attempt to seize the island.1. Russia says it hopes to resume the prisoner-of-war exchange process between Russia and Ukraine. 2. Zelensky: The Ukrainian delegation has arrived in the United States. 3. Zelensky orders the import of electricity and additional power equipment to be expedited as much as possible. 4. Zelensky: Energy repair work is underway in almost all regions of Ukraine. 5. Russian Ministry of Defense: Russian forces have taken control of Priluki in the Zaporizhzhia region of Ukraine. 6. The Russian Ministry of Defense reports that Russian forces have struck energy and transportation infrastructure used by the Ukrainian army, as well as temporary deployment points of the Ukrainian armed forces and foreign mercenaries.January 18 - As tensions continue in Minneapolis, Minnesotas largest city, Minnesota officials announced on the 17th that the states National Guard was on "standby." That day, pro-immigrant and anti-immigrant groups clashed in downtown Minneapolis.JPMorgan Chase confirmed that US President Trumps statement that he did not offer CEO Jamie Dimon the position of Federal Reserve Chairman was true.Gaza Situation: 1. Israel issued an ultimatum to Hamas: disarm within two months. 2. Canadian Prime Minister Carney has received an invitation from US President Trump to join the Gaza Peace Committee, and he plans to accept the invitation. 3. The Israeli Prime Ministers Office: The US decision to declare the Gaza Executive Committee subordinate to the Peace Committee was made without coordination with Israel and contradicts Israeli policy. Israel will raise this issue with the US Secretary of State. Iran Situation: 1. Iranian Armed Forces Chief of Staff: Hostile forces are distorting the facts through the media. 2. Iranian Supreme Leader Khamenei: We will not drag the country into war, but we will not let criminals, both domestic and foreign, go unpunished. 3. Text messaging in Iran was restored on the evening of the 16th local time; internet connections will be gradually restored in stages. 4. Iranian Supreme Leader Khamenei stated that the US instigated and orchestrated the unrest in Iran, and Trump is guilty. Other: 1. US-led coalition warplanes flew over the conflict zone in northern Syria, dropping warning flares. 2. The Syrian Democratic Forces (SDF) announced their withdrawal from the "contact zone" in Aleppo province. 3. The Syrian government forces claimed control of two oil fields in the north. 4. The U.S. Central Command urged the Syrian army to cease its offensive operations between Aleppo and Tabqa in northern Syria. 5. The Iraqi Ministry of Defense announced that U.S. troops had withdrawn from the Ain al-Asad Air Base in Iraq, and Iraqi forces had taken full control.

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.

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