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April 5 - Iranian media reported on Saturday that the Central Command of Irans Hatem Anbyah stated that Iraq will not be subject to any restrictions on passage through the Strait of Hormuz, indicating that Iraq will receive preferential treatment as Tehran strengthens its control over this strategic waterway.On April 5th, air raid sirens sounded in Jerusalem and several other areas in central Israel on the evening of the 4th local time. Multiple interceptor missiles were seen being launched into the sky in Jerusalem, followed by several loud explosions. Israeli authorities stated that the latest round of missile attacks by Iran against the Jerusalem area caused no casualties; this was Irans seventh missile attack that day. The Israeli military stated that one missile landed in an open area, while the remaining missiles were intercepted by the air defense system.On April 5th, the Public Relations Department of the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement on April 4th, saying that tribal members in the Iranian mountains shot down two Black Hawk helicopters on April 3rd. The IRGC expressed its gratitude for this action. The statement said that tribal members in Kogyroye-Boyeh-Ahmed province and Bakhtiari region acted independently, effectively striking the two Black Hawk helicopters in remote mountainous areas far from where Iranian armed forces are deployed. The two helicopters were attempting to rescue the pilot of a U.S. F-35 fighter jet that had been shot down earlier.Israels rear command detected Iranian missile attacks targeting Jerusalem and the southern Israeli city of Ashdod.The Israeli military has detected a missile launch from Iran, and its defense system is currently intercepting it.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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