EUR/USD 1.15709
-0.060%
Gold 4210.65
-0.003%
Oil 82.881
-2.644%
USD/JPY 160.200
0.149%
GBP/USD 1.34105
-0.037%
GBP/JPY 214.841
0.121%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hezbollah: We fired rockets at a concentration of Israeli enemy soldiers and their vehicles outside the town of Majdalzuan in southern Lebanon.The UKs Maritime Trade Operations Office: An oil tanker was hit by an unidentified object in waters near Oman.On June 13, Iranian media reported that Iranian Judicial Chief Justice Ejai stated at a commemorative event that Iran absolutely distrusts the United States. Ejai said that in recent conflicts, Iranian armed forces dealt a powerful blow to the enemy, preventing their aggression. Regarding the United States, Ejai stated that Iran absolutely distrusts the US, a distrust stemming from facts and past events. Iranian media reported on June 12 that Iran and the United States "may sign a memorandum of understanding in the coming days." However, Iran-US relations remain highly sensitive, with disagreements existing on issues such as nuclear matters and regional security.The Security Service of Ukraine (SBU) reported that a Ukrainian drone attacked the Taman oil and gas terminal in Russias Krasnodar region.On June 13, local time, an alarm at the Tokyo Electric Power Companys Fukushima Daiichi Nuclear Power Plant, used to indicate an anomaly in the transfer of contaminated water, was triggered, automatically halting the discharge of contaminated water into the sea. It is reported that there were no abnormalities in the equipment. TEPCO is currently investigating the cause of the alarm. A similar situation occurred at the Fukushima Daiichi plant on June 10.

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