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On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.

S&P 500 Price Forecast – Stock Markets Threatening to Move Higher

Florala Chen

Oct 26, 2022 16:08

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Technical Analysis of the S&P 500

Tuesday's session saw a very minor increase in the price of the S&P 500 E-mini contract as we approached the 50-Day EMA. The market seems to be attempting some kind of breakout as a result, but ultimately I believe this is just a "fade the rally" type of scenario since we are in the middle of earnings season and, quite frankly, most guidance is likely to be at best subpar. The Federal Reserve may reiterate the need to tighten monetary policy in the coming days, but Wall Street gamblers may attempt to push prices higher in the lead-up to the next Federal Reserve meeting in November.


In any case, I'm watching for symptoms of weariness so I can start shorting them, but I haven't exactly seen them. Although I still believe there is significant resistance around the 3900 level and again at the 200-Day EMA, which is slightly over the 4000 level, the market may break above the 50-Day EMA.


I'll be looking to short this market if the daily candlestick moves much to the upside, but for the time being, I believe that trading in this kind of very volatile market is only challenging during the bear market rally.


I'll keep seeing it through that lens because it wouldn't take much to cross the wires and divide the market once again. The greatest method to trade your market is to just wait for an opportunity, since you do sometimes see significant rallies. At the moment, I'm doing just that.