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The U.S. Federal Aviation Administration announced that it will invest over $750 million to build eight new air traffic control towers and terminal radar approach control (TRACON) facilities to replace existing aging facilities.On May 15th, State Street Managing Director and Head of EMEA Macro Strategy, Tim Graff, stated, "Global equities have been on a sustained upward trend for the past few days. Therefore, I think we are in a phase where this rally is showing signs of fatigue." However, he added that equities remain supported. "I think if anything could trigger a pullback, it would be the movement in the interest rate market and the expectation that inflation may remain above the target levels of many central banks for an extended period, forcing them to potentially tighten policy," he said.On May 15th, Anta Sports (02020.HK) announced on the Hong Kong Stock Exchange that as of May 15, 2026, the company had granted a total of approximately 3.79 million award shares, representing approximately 0.136% of the companys issued shares as of the date of this announcement, to 357 selected employees of the Group (each and collectively referred to as the Grantees), under the "2018 Share Award Scheme (2023 Revised Edition)". Of these, 100,000 award shares were granted to Bi Mingwei, an executive director of the company. The closing price of the shares on the grant date was HK$76.25.The U.S. New York Fed Manufacturing Employment Index for May was 8.3, down from 9.8 in May.The U.S. New York Fed Manufacturing Prices Get Index for May was 31.8, up from 21.8 in the previous month.

S&P 500 Price Forecast – Consolidation Continues in the S&P 500 E-mini Contract

Jimmy Khan

Feb 10, 2023 15:30

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Thursday's trading session saw a minor increase in optimistic sentiment for the S&P 500 as the E-mini contract increased once again. Having said that, we do generally continue to coil, and I believe that will likely be the case moving ahead.

Technical Analysis of the S&P 500

As we continue to trade in the same range that we have been in for the last week or so, the S&P 500 E-mini contract has marginally risen during Thursday's trading session. We are now in the middle of earnings season, which is characterized by a lot of noise that will continue to give people problems.


Breaking over the 4200 level would be a really powerful indicator, but I don't see it occurring very quickly since it seems to be a highly resistant level. This puts us in a position where, if we break below this level, we might descend all the way to the downtrend line, where the 50-Day EMA is just about to cross the 200-Day EMA.


The S&P 500 E-mini contract's short-term "floor in the market" is now believed to be that golden cross region, which also happens to be the 4000 level. However, I believe that ultimately you have to see this through the lens of a market that is extremely choppy and unsteady. Anything below there may unleash a tremendous wave of selling. If that's the case, it will be challenging to sled, so you need to be careful with the size of your position. Having said that, it's perhaps important to note that the recent highs have been steadily declining. Something is likely going to move swiftly and soon.

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