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Irans Judiciary News Agency reported that an Iranian businessman was detained in Italy and will return to Iran in the coming hours.On January 12, SpaceX announced on the X social network that the seventh test launch of the Starship will be postponed to January 15. Previously, the company said the launch was scheduled for January 13. It should be noted that during the flight, the spacecraft will attempt to deploy a payload in space for the first time, releasing 10 Starlink satellite models.On January 12, the Financial Supervision Administration held a 2025 supervision work meeting. The meeting pointed out that multiple measures should be taken to help the economy recover and improve. We will step up efforts to implement a package of incremental policies to stabilize growth. We will take the lead in establishing a coordination mechanism to support financing of small and micro enterprises, and expand the policy of interest-free loan renewal to medium-sized enterprises in stages. The scope of the pilot equity investment of financial asset investment companies has been expanded to 18 cities, and the scale of the signed intended funds has exceeded 340 billion yuan. We will provide guidance on the response and disposal of natural disasters such as rainstorms and typhoons and major accidents. The insurance industry paid out more than 2.3 trillion yuan.Kuwait set its February crude oil sales to the United States at a premium of $3.70 per barrel (over the Oman/Dubai average price), and its crude oil sales to Asia at a premium of $0.45 per barrel. It set its February crude oil sales to northwestern Europe at a discount of $3.40 per barrel, and its February crude oil sales to the Mediterranean region at a discount of $3.4 per barrel.On January 12, the booking for the 2025 Spring Festival travel has reached its peak. According to Qunars big data, January 25 may become the peak of the number of people traveling in a single day during the Spring Festival. At present, the train tickets for January 25 have been put on sale, and some popular train tickets for visiting relatives have been sold out, driving the sales of Spring Festival air tickets to a peak. According to the analysis of Qunar Big Data Research Institute, this years Spring Festival, many people will choose to take leave on January 26 and 27 to make an 11-day super-long holiday. According to the current booking situation, the highest number of trips is on January 25, exceeding the day before New Years Eve. The long holiday has spawned a "transition vacation", first going home to visit relatives, then traveling, and finally returning to work and school. Many passengers will quickly and frequently "transfer" between multiple places. The number of passengers who purchased multiple tickets within 11 days has increased by 50% year-on-year.

E-mini S&P: Plenty of Room to Downside with 4129.50 Target

Cory Russell

Apr 26, 2022 11:00

Early Monday, June E-mini S&P 500 Index futures were substantially down as investors responded to a dramatic drop in Asian equities markets. Investors are also anticipating higher interest rates and a flood of earnings reports from key technology firms like Amazon and Apple this week.


June E-mini S&P 500 Index futures are trading at 4233.50, down 33.75 points, or -0.79%, at 08:15 GMT. The S&P 500 Trust ETF (SPY) closed at $426.09 on Friday, down $11.97 or -2.73 percent.

Stocks in Shenzhen, China, are down 6%.

Investors in the United States are keeping an eye on mainland Chinese indices, which are leading the Asia-Pacific region's losses.


The Shanghai composite fell 5.13 percent to 2,928.51, while the Shenzhen component fell 6.08 percent to 10,379.28.


Despite strict lockdowns in Shanghai, China has been trying to manage its deadliest outbreak of COVID-19.


Chinese authorities in Beijing, China's capital, are warning that the virus has been spreading unnoticed for almost a week, adding to the quickly growing sickness.

Looking Forward...

Investors in the S&P 500 are preparing for the busiest week of corporate earnings season yet. This week, over 160 S&P 500 firms are set to report profits, with all attention on reports from large tech giants including Amazon, Apple, Google parent Alphabet, Meta Platforms, and Microsoft.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The resumption of the decline will be signaled by a trade through the intraday low of 4218.50. The major trend will turn to up if the price breaks through 4509.00.


4094.25 to 4631.00 is the short-term range. The market is now trading on the weak side of its retracement zone, which is resistance around 4299.25 to 4362.75.

Technical Forecast for the Daily Swing Chart

Trader response to 4267.25 is expected to impact the direction of the June E-mini S&P 500 Index into Monday's closing.

Bearish Scenario

The presence of selling will be shown by a persistent move below 4267.25. Taking out 4218.50 indicates that the selling pressure is increasing. This might set the stage for a run to the major bottom at 4129.50, followed by a drop to the 2022 low at 4094.25.

Possibilities for Growth

The presence of buyers will be signaled by a prolonged advance over 4267.25. Look for a push into 4299.25 if this develops enough upward momentum. Overtaking this level would indicate that purchasing is becoming more active, with a 50% level at 4262.75 being a possible objective.

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