EUR/USD 1.17577
-0.092%
Gold 4793.54
-1.254%
Oil 87.542
5.541%
USD/JPY 158.950
0.248%
GBP/USD 1.35032
-0.115%
GBP/JPY 214.638
0.132%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A senior Iranian source said that Irans "defense capabilities," including its missile program, are not within the scope of negotiations.On April 20, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. On the afternoon of April 19, 36,000 people in Japan rallied around the Diet building to strongly protest the Takaichi Sanae governments attempt to amend the constitution. Protesters held signs reading "Oppose War," "Dont Violate Article 9 of the Constitution," and "Takaichi Resign," calling for the protection of the pacifist constitution. What is the spokespersons comment on this? Guo Jia-kun responded: "We have also noticed that Japans constitutional amendment movement has aroused increasing doubt and opposition within Japan, among its Asian neighbors, and in the international community." Guo Jia-kun pointed out that Japanese militarism committed atrocities against the people of China and other Asian countries, and also brought profound suffering to the Japanese people. Therefore, the issue of Japanese constitutional amendment concerns the post-war international order and Japans future, and has always received high attention from the international community and its Asian neighbors. However, Japan has so far failed to deeply and thoroughly reflect on its history of aggression, and some forces are even attempting to glorify and whitewash its crimes of aggression, pushing Japan to accelerate its "remilitarization," leading to the rise of a new type of militarism that threatens regional peace and stability. The international community should be highly vigilant about this. "Preventing the resurgence of militarism is Japans due obligation and the firm will of the international community, including China. We urge Japan to learn from history, abide by its international obligations, and adhere to the path of peaceful development," Guo Jiakun said.Iranian Foreign Ministry spokesman Bagaei: There are currently no plans for a second round of negotiations with the United States.On April 20th, the Federation of German Industries (FDI) stated on Monday that it expects German industrial performance to stagnate at best in 2026, warning that rising energy costs, supply chain risks, and domestic structural weaknesses are putting pressure on Europes largest economy. The organization lowered its outlook after a weak start to the year, citing new downside risks from the Iranian conflict, including rising energy costs, broader inflationary pressures, and disruptions to shipping and logistics. FDI President Peter Leibinger stated, "German industrial output has declined year after year since 2022. For 2026, we no longer expect a recovery, but rather stagnation." The organization noted that if shipping disruptions continue, German manufacturing could even contract for the fifth consecutive year. Leibinger added that industrial output remains well below previous levels, with capacity utilization only slightly above 78%. He further pointed out that Germanys weakness is primarily structural, citing high labor, tax, bureaucratic, and energy costs as factors that have eroded the countrys competitiveness.Iranian Foreign Minister Araqchi: Iran will do its utmost to safeguard its national interests and security.

S&P 500. Four Bearish Weeks in a Row and Price on a Major, Long-Term Support

Skylar Shaw

Apr 28, 2022 10:17

Technical Analysis of the S&P 500

This analysis' chart is a weekly chart of the S&P 500. The price is now forming its fourth negative candle in a row, indicating that we're on the verge of having four consecutive bearish weeks. 


We're nearing the end of a weekly candle, which will be lit on Friday. The last time this occurred was in September 2020, and the price came back and climbed higher after that. So, what do we have to look forward to now?


In the long run, the situation does not seem to be promising. A gigantic head and shoulders pattern was formed by the SP500. The most recent drop was to complete the work on the right shoulder.


The only thing left is to break the neckline (green), which may be rather difficult. The issue might stem from the fact that, in addition to the neckline, it's also a 23,6 percent Fibonacci and a true support in general, which first shown its efficacy in the middle of 2021. (orange).

Trading Methodology

It will be a big, long-term sell signal if the SP500 breaks that support and closes a weekly candle below the green line. There is still hope as long as the price remains above that level. It is widely considered that one should wait for the breakout before selling when the price is still above the main supports.


Buyers may look for an opportunity to rebound as long as we remain above; however, for that to happen, we need to see some upward momentum, which is presently lacking. The only thing left to do now is wait. The form and color of this week's candle should be quite useful in predicting future moves.

Suggestion