• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 23 - According to reports from the UK on the 23rd local time, Transtrike stated that due to a power outage at its control center in Birmingham, the company suspended operations starting on the morning of the 23rd. Trains on "almost all" lines were canceled or delayed, and the resumption time will be announced later.The U.S. National Hurricane Center reports that Tropical Storm Iselle has formed in the waters off Mexico.August 23 - According to the Nanning Municipal Emergency Management Committee, at 8:00 PM on August 23, the water level at the Nanning Hydrological Station on the Yongjiang River reached 71.41 meters. It is predicted that the Nanning urban section of the Yujiang River will experience flooding exceeding the warning level (73.0 meters) on the morning of August 24. In accordance with the provisions of the "Nanning Yujiang Flood Control Emergency Plan," and with the approval of the leadership of the Nanning Municipal Emergency Management Committee, it was decided to upgrade the Nanning Yujiang Flood Control Emergency Response from Level IV to Level III at 8:00 PM on August 23. All counties (cities, districts), development zones, and relevant member units are requested to carry out flood prevention work according to the relevant provisions of the plan and their respective responsibilities to ensure the safety of peoples lives and property.August 23 (Tasnim News Agency) – Iranian Islamic Revolutionary Guard Corps spokesman Mohbi stated that Iran has developed countermeasures against various hostile actions by the United States, including measures to address economic pressure. Speaking at a press conference in Karaj, a city in northern Iran, Mohbi said that the USs recent announcement of launching its "most severe economic war" against Iran actually indicates that the US has failed to achieve its military objectives. He added that the US has imposed economic sanctions on Iran for 47 years, and the current statements regarding "economic war" are intended to exert psychological influence on the Iranian people.August 23 – According to the official WeChat account of the Chinese Embassy in Saudi Arabia, several Chinese citizens have recently been detained by Saudi authorities for failing to declare large sums of cash they were carrying upon entry and exit from Saudi Arabia, as required by the newly revised Anti-Money Laundering Law Enforcement Regulations. Furthermore, cases of telecommunications fraud, currency exchange scams, and robberies targeting Chinese citizens are frequent. The Chinese Embassy in Saudi Arabia solemnly reminds Chinese citizens in Saudi Arabia to abide by local laws and regulations and to be vigilant against all types of fraud.

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.