EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 24th, U.S. House Speaker Boris Johnson told Fox News that he expects the war with Iran to enter a "new phase." In an interview with Fox News on Sunday, Johnson said, "I think were about to enter a new phase. I believe our allies will assist in the next phase, and we will get this over with." He claimed that President Trump successfully prevented Iran from acquiring nuclear weapons, a goal "common to successive administrations." Johnson stated, "Everyone knows we cut the snakes head (eliminated the core leadership), and you cant trust the Iranians across the negotiating table, and thats the challenge."According to the Syrian state news agency, Syria stated that its top priority is for Israeli troops to withdraw to the border line prior to December 8, 2024, and to fully implement the 1974 Disengagement Agreement between Syria and Israel.According to the Syrian state news agency, Syria reiterated that the Golan Heights are occupied Syrian territory and that it is too early to discuss their final status.On August 24, a large wildfire rapidly approached Reno, Nevada, a city bordering California, on August 23. Local fire departments confirmed that the raging fire had injured six people and forced the evacuation of approximately 42,000 residents, with another 45,000 in evacuation warning zones.According to the Syrian Arab News Agency (SANA), Syrian diplomatic sources stated that the meeting focused on taking concrete measures to de-escalate the situation while exploring a return to negotiations. The Syrian delegation emphasized that Syrias sovereignty, territorial integrity, and sovereign rights should be respected in any security arrangements.

S&P 500 Price Forecast – Stock Markets Give Up Early Gains

Cory Russell

Dec 29, 2022 14:37


Technical Analysis of the S&P 500

Initially attempting to rise during Wednesday's trading session, the S&P 500 eventually gave up gains and lost momentum due to the thin markets' lack of current interest. The 3800 level underneath should be sustained, but if we decline below that, it would be possible to slide considerably lower, maybe as low as the 3700 level.


At this point, rallies ought to be fading, therefore the 3900 level and the 50-Day EMA can serve as a ceiling from which to resume shorting. When signs of fatigue start to surface, they will be pounced on, and I won't think twice about shorting them. Because of this, I believe that the market will continue to be negative, although it's possible that unreliable money managers may attempt to pad their books towards the end of the year. This is a frequent occurrence since they must at least demonstrate to their customers that they possess the "proper stocks."


It appears like Wall Street will sometimes need a reminder that the Federal Reserve is dead serious, which is an issue that the Federal Reserve itself caused by coddling traders for 14 years, so I believe it's just a matter of time until we continue to go lower. In light of this, I am prepared to short this market gradually during rallies and when it begins to show symptoms of tiredness. However, at this time of year, I am not expecting for large swings, so you must see this through the lens of short-term trading.

Suggestion