EUR/USD 1.16161
0.038%
Gold 5125.01
0.720%
Oil 74.539
0.343%
USD/JPY 157.654
-0.021%
GBP/USD 1.33579
0.013%
GBP/JPY 210.598
0.009%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The worlds largest gold ETF, SPDR Gold Trust, saw its holdings decrease by 2.29 tons from the previous day, with its current holdings at 1099.05 tons.Key Futures Data and Events to Watch Today (March 4, 2026), Wednesday: 1. Chinas official February manufacturing PMI; 2. Chinas February RatingDog services PMI; 3. UK LME non-ferrous metal inventory change to March 4; 4. US February ADP employment change; 5. US February S&P Global Services PMI final reading; 6. US February ISM non-manufacturing PMI; 7. US EIA crude oil inventories for the week ending February 27.An Israel Defense Forces spokesperson stated that the IDF has launched a large-scale strike against Iran. The Air Force has now begun widespread strikes against Iranian launch sites, defense systems, and other infrastructure.March 4th - According to CNN, sources revealed that the CIA is planning to provide weapons to Kurdish militias to help the Iranian people overthrow the existing regime. It was reported that the Trump administration has been actively communicating with Iranian opposition groups and Kurdish leaders in Iraq to discuss providing them with military support. Separately, a senior Iranian Kurdish official revealed on Tuesday that Trump spoke with the chairman of the Kurdistan Democratic Party, one of the targets of the Iranian Islamic Revolutionary Guard Corps. The senior Iranian Kurdish official revealed that Iranian Kurdish opposition figures are expected to participate in ground operations in western Iran in the coming days. The source stated, "We now believe the chances are very high." The source also stated that these militias are hoping to receive support from the United States and Israel.According to The Information: OpenAI is developing an alternative to Microsoft GitHub.

S&P 500 Price Forecast – S&P 500 Breaks Through the 200 Day EMA

Cory Russell

Aug 11, 2022 12:08

微信截图_20220811120502.png


After a CPI number that was lower than expected, the S&P 500 has increased. Wall Street is already operating at full throttle in anticipation of receiving sugar from the Federal Reserve.

Technical Analysis of the S&P 500

During the trading session in the E-mini futures market, the S&P 500 broke above the 200 Day EMA, signaling a strong danger to break out above the 4200 level. If we do, then opens the door to a potential move to the 4300 level, which is something that the momentum makes extremely possible.


Having said that, you must exercise caution since there are several crosscurrents present right now. I believe it will be extremely tough to break above the 4300 level, therefore you must think about volatility through the lens of the VIX.


It would be a really bad indicator and may drive this market back down if we did break down below the candlestick's bottom for the impulsive candlestick that we made on Wednesday. There is little doubt that we are reaching a significant turning point on the charts. The market's immediate response to the CPI statistic was favorable, but the issue now is if it can maintain its upward momentum and surge any more. The next fight may occur around level 4300, in my opinion, since it is more probable than not at this time.


Even though the CPI figure was lower than expected, it is still almost three and a half times what the Federal Reserve likes to see, so prepare for very high volatility. In other words, it will probably only take a short while before someone on the Federal Reserve Board attempts to calm things down.

Suggestion