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On August 20th, according to US sources on the 19th, the US Department of Defense updated its casualty statistics, showing that since the US military action against Iran on February 28th, 18 US soldiers have been killed and 757 wounded. The report stated that four dead and dozens of wounded personnel had disappeared from the statistics in the US Defense Casualty Analysis System before reappearing, drawing criticism from the media and lawmakers. The US Department of Defense responded on social media, stating that this was due to a "temporary data interruption." Furthermore, regarding the Pentagons slow disclosure of wounded personnel information throughout the Iran conflict, the official explanation was "security needs."On August 20, Iranian Ambassador to Russia, Qazim Jalali, stated in an interview that Iran appreciates Russias offer to assist in dialogue between Iran and the Gulf states and is prepared to cooperate with Russia in this regard. Jalali said in the interview, "We highly value the role and efforts Russia has made in improving relations between Iran and its neighbors, and view this matter positively… We welcome any role our Russian friends may play in improving relations between Iran and its neighbors, and we are ready to cooperate in this regard." Jalali added that Iran considers Russia a true friend during difficult times, and Iran has no doubt about Russias goodwill.On August 20, Colombian President Eduardo de la Espley announced that 15 affected provinces, including Cauca Valley, Risaralda, and Caldas, would enter a 30-day state of economic, social, and ecological emergency in response to the earthquake disaster. De la Espley convened a cabinet meeting in Bogotá and signed the relevant decree. He stated that Colombia is facing its "most complex" fiscal situation in history, necessitating "extraordinary measures." The declaration of the state of emergency aims to promote the reconstruction of damaged housing and the restoration of business activities and public infrastructure such as schools and hospitals. De la Espley said the government will cut spending on some "non-priority" projects from the previous government to address current national needs.On August 20, local time, Kyiv Mayor Viktor Klitschko reported that a Russian attack had resulted in eight deaths. Mayor Klitschko stated that between late night on August 19 and early morning on August 20, Russian ballistic missiles struck Kyiv, causing casualties and power outages in some areas.Israeli Defense Minister Katz: Israel "will never allow any entity to threaten its national security."

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.

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