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On July 6, analysts believe that it is not easy to create a third party that can challenge the "two-party system" in the United States. It may take years to resolve legal and economic difficulties. A senior election lawyer said that the qualifications of new political parties that want to run for election are different in different states in the United States. Take California as an example. If a new party wants to appear on the states ballot, it must absorb and maintain at least 0.33% of the states voters as members of the party, or collect signatures from 1.1 million voters. In order to obtain national recognition, the new party also needs to be recognized by the Federal Election Commission, which will almost certainly be strongly opposed by the Democratic and Republican parties. In addition to time and legal issues, the preparation of campaign funds is also a major problem. Lee Goodman, former chairman of the Federal Election Commission, said that Musk may need thousands of donors to jointly fund his party. In fact, in addition to the two major parties, the Democratic Party and the Republican Party, the United States also has political parties including the Green Party and the Libertarian Party, but the latter two cannot shake the status of the two major parties at all.July 6, according to a report by Russias Lenta.net on July 6, the United States will provide Ukraine with hundreds of thousands of drones under special conditions this year. Ukrainian President Zelensky revealed on the "Telegram" social platform that the United States is expected to provide more drones starting in 2026. Zelensky said: "Regarding drones, Ukraine has reached an agreement with the United States to significantly increase cooperation. This will enable Ukraine to obtain hundreds of thousands of drones under special conditions this year, and more drones next year." He said that Kievs main priority is to intercept drones, and Washington will also provide Ukraine with such drones.Market news: Dubais Roads and Transport Authority (RTA) signed a memorandum of understanding with Pony.ai to launch pilot testing of autonomous vehicles.July 6: Heavy rains in central Texas on July 4 caused severe floods, killing at least 51 people. Local officials said they had not received any warnings about the floods. Rick Spinrad, former head of the National Oceanic and Atmospheric Administration, said on July 5 that the U.S. weather forecasting and early warning capabilities have been severely affected by the U.S. governments budget cuts and layoffs. Spinrad also said that the latest budget of the U.S. Congress even plans to completely cancel the scientific research projects of the National Oceanic and Atmospheric Administration.Russian Defense: 120 Ukrainian drones were destroyed in Russian airspace and over the Sea of Azov at night.

S&P 500 Price Forecast – Stock Markets Have Volatile Opening for the Year

Skylar Shaw

Jan 04, 2023 14:27

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Technical Analysis of the S&P 500

In order to crash through the 50-Day EMA in the E-mini futures market at the start of the trading day on Tuesday, the S&P 500 gapped, but it later pulled back to close that gap. In the end, there probably will be support there, but I also believe there will be a lot of pushback there as well. I believe we continue to see a lot of loud activity since we have been congregating in the general area.


It's feasible that we may decline to the 3700 level or perhaps the 3600 level if we were to breach below the 3800 level. However, if we do break out to the upside, there is even more resistance close to the 200-Day EMA, which is located just at the 4000 level. I believe that at this moment, the only thing you can bet on is a lot of choppy activity. All else being equal, this market should end up being a good selling opportunity even if it rallies since there is also a downtrend line.


The Friday employment report will very probably have a significant impact on where we go next because, to put it bluntly, if it comes in hot enough, it will make people fear that the Federal Reserve will start tightening again. Beyond that, we need to be concerned about a global downturn and, obviously, profits that are going to plunge. In fact, given the continued high levels of market volatility and pessimism, it is extremely possible that the markets will see significant losses in the next year.

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