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The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.Russia shot down 340 Ukrainian drones in the past day.The Russian Ministry of Defense stated that Russian forces have taken control of Novonikolaevka in eastern Ukraine. Russian forces attacked control points, launch sites, and storage areas for long-range drones in Ukrainian territory.

S&P 500 Price Forecast -S&P 500 E-mini Contract Slams Into 3900

Florala Chen

Nov 11, 2022 16:58

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Technical Analysis of the S&P 500

The CPI data released during the trading session on Thursday were only at 0.4% month over month instead of 0.6% month over month, and as a result, the S&P 500 E-mini contract rocketed straight up in the air. With that said, the market will most certainly continue to witness a lot of people fantasizing about a softer Fed. Nevertheless, given that the US economy is still much tighter than most of the rest of the world, even if the upcoming interest rate hike is only by 50 basis points, I do believe that eventually the US dollar will start to fall along with the S&P 500.


Technically speaking, it is clear that we have banged into the 3900 level, which has obviously been supported and resisted numerous times along the road. Beautiful candlestick for the Thursday session, but can the market keep rising further? If it fails, we can go for the 200-Day EMA, which is now trading at the level of 4027. On the other hand, if we reverse course and draw back, we might head in the direction of the 50-Day EMA, which is close to 3826.


Pay attention to how the markets close out the week if you want to know what they are really thinking. They are far more confident if they are prepared to keep stocks through the weekend. Being able to maintain the first surge through both Saturday and Sunday is quite another thing altogether. This is currently a severe countertrend motion, although it hasn't yet grown any larger.

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