EUR/USD 1.16208
0.095%
Gold 4447.18
-0.625%
Oil 90.722
-0.309%
USD/JPY 159.946
-0.046%
GBP/USD 1.34334
0.074%
GBP/JPY 214.868
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Frances April trade balance and industrial production figures will be released in ten minutes.French Transport Minister: France will not experience fuel shortages this summer.French Transport Minister: There are no major concerns about the supply of aviation fuel and gasoline in France.Futures News, June 5th: Since May, silver prices have risen and then fallen, with the price trending downwards within a narrow range. As of June 4th, the domestic spot price of #1 silver was 17,711 yuan/kg, a cumulative decrease of 4.41% compared to the beginning of May. In early May, the US and Iran signaled a willingness to negotiate, coupled with Perus initiation of an energy emergency decree, causing silver prices to fluctuate upwards. However, the resignation of dovish voting member Milan led to market expectations of interest rate hikes, putting downward pressure on silver prices. Looking ahead, the macroeconomic logic remains focused on the Feds interest rate decision and the US-Iran negotiations; silver prices are expected to lack a clear direction in the short term.Danske Bank: +4.2%; ABN AMRO: +4.3%; ANZ: +4.3%; BNP Paribas: +4.3%; Barclays: +4.3%; Bank of America: +4.3%; TICOM: +4.3%; Citigroup: +4.3%; Deutsche Bank: +4.3%; Allied Bank: +4.3%; Commerzbank: +4.3%; Daiwa Capital: +4.3%; Heleba Bank: +4.3%; DekaBank: +4.3%; Goldman Sachs: +4.3%; HSBC: +4.3% Morgan Stanley: +4.3%; ING: +4.3%; JPMorgan Chase: +4.3%; Mizuho Bank: +4.3%; Jefferies Group: +4.3%; Societe Generale: +4.3%; Nomura Securities: +4.3%; UBS Group: +4.3%; Sparta Securities: +4.4%; Capital Economics: +4.4%; Oxford Economics: +4.4%; Pansen Macro: +4.4%; Standard Chartered Bank: +4.4%; TD Securities: +4.4%; Wells Fargo: +4.4%; [Reuters forecast: +4.3%].

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

微信截图_20220402091730.png

S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.


Suggestion