• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Polish Prime Minister Tusk: Operations are underway regarding multiple violations of Polish airspace and the army has used weapons against targets.The Hang Seng Index continued to strengthen, rising by more than 1%, with Baidu (09888.HK) and JD.com (09618.HK) leading the gains in constituent stocks, and the Hang Seng Tech Index rose by more than 2%.On September 10th, the State Administration for Market Regulation (SAMR) recently developed and issued the national standard "Individual Business Owner Credit Evaluation Indicators" (GB/T 46278-2025). This standard promotes the orderly sharing and efficient use of evaluation information and facilitates credit financing for individual businesses. The standard specifies the basic requirements, content, and setting for establishing individual business owner credit evaluation indicators, and is applicable to individual business owner credit evaluation activities. The purpose of conducting individual business owner credit evaluations is to leverage the value of credit, assist financial institutions in developing and providing financial products and services tailored to the development characteristics of individual businesses, expand the scale and coverage of individual business loans, and improve the accuracy and convenience of loans. It will also provide standardized support for implementing targeted assistance based on specific types and categories, intensify efforts to explore the "individual to enterprise" transformation initiative, and encourage, support, and guide the sustainable and healthy development of individual businesses.Polish Army: During todays attacks by the Russian Federation against Ukrainian targets, our airspace was violated multiple times by drones. An operation is underway to identify and neutralize the targets.A US judge temporarily blocked Trump from firing Federal Reserve Governor Tim Cook.

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.