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On May 17, the Indian Embassy in Russia reported that a large-scale drone attack in the Moscow region resulted in the death of one Indian citizen and injuries to three others. The attack occurred on May 17 in the Moscow region of Russia, where a large-scale drone attack by Ukraine occurred. It is reported that approximately 130 Ukrainian drones were shot down in the past 24 hours as they approached Moscow. This is the largest drone attack to hit the region this year.The China Earthquake Networks Center officially determined that a magnitude 3.0 earthquake occurred in Liunan District, Liuzhou City, Guangxi Province at 22:54 on May 17, with a focal depth of 10 kilometers.According to the UAEs state news agency, the UAE minister spoke with the head of the International Atomic Energy Agency after drone attacks on a nuclear power plant in the Gulf state.On May 17, at the request of the Guizhou Provincial Flood Control and Drought Relief Headquarters, the State Flood Control and Drought Relief Headquarters Office, together with the National Food and Strategic Reserves Administration, allocated more than 3,000 pieces of central flood control and drought relief materials, including woven bags, laminated woven fabrics, long-filament geotextiles, and drainage equipment, to support Guizhou in its flood control and disaster relief efforts.On May 17th, TsLombard stated that an aggressive tightening cycle is unlikely. Faced with the oil price shock, the extent of policy tightening by global central banks is likely to be quite limited. In Europe, the energy shock is already dragging down economic activity. The UK labor market has been volatile for some time, and hiring sentiment in Europe is becoming increasingly weak. In our view, the tightening力度 of the ECB and the Bank of England this year will be less than the market expects, and this possibility is currently underestimated. In the US, the likelihood of the Federal Reserve implementing policy tightening in the short term is small, and even if it does, it is almost certain to be before 2027.

S&P 500 Price Forecast – S&P 500 Finds Its Footing Finally

Eric Stanberg

Dec 21, 2022 16:26

Technical Analysis of the S&P 500

The S&P 500 E-mini contract dropped somewhat during Tuesday's trading session, but it also found enough support close to the 3800 low to reverse course and begin to show signs of life. As a result, it seems that we will attempt to move in the direction of the 50-Day EMA and even make a push for even higher levels if the US dollar can continue to decline.


On the other side, if we go below the candlestick's bottom, it will unleash a wave of selling pressure.


When there are so many economic worries out there, I'm more than happy to fade rallies that are showing symptoms of tiredness, particularly since the market needs to factor in the possibility of a worldwide recession. Nevertheless, a recovery makes a lot of sense since we are a little oversold in the near term. I want to profit from that rebound, but I also understand that liquidity is going to be very scarce for the next week or two, so this may even be a setup that works out for me early in the next year.


Having said that, I would be more than prepared to short the market right now if we should break down on Tuesday below the day's bottom of the candlestick. You could make a good move by playing the bounce from here, but it would be dangerous to say the least, and I am more than willing to wait for a better chance.

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