EUR/USD 1.15388
0.058%
Gold 4335.17
0.126%
Oil 89.389
-0.386%
USD/JPY 160.190
0.012%
GBP/USD 1.33500
0.085%
GBP/JPY 213.857
0.101%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 9th - At 9:28 AM today (June 9th), the main span of the Chongqi Yangtze River Bridge, the worlds largest span cable-stayed bridge for both road and rail traffic with ballastless track, was successfully closed. This mega-project, spanning the northern branch of the Yangtze River estuary, overcame numerous world-class bridge construction challenges during its construction, showcasing my countrys cutting-edge level of intelligent bridge construction. The Chongqi Yangtze River Bridge is a key control project of the Shanghai-Chongqing-Chengdu Yangtze River High-Speed Railway, a main line of my countrys "Eight Vertical and Eight Horizontal" high-speed railway network along the Yangtze River. It connects Chongming Island in Shanghai and Qidong in Jiangsu Province, with a total length of 4.09 kilometers and a main span of 400 meters, spanning the northern branch of the Yangtze River estuary. The bridge is expected to be open to traffic in 2027.The ChiNext index rose more than 2% intraday, with MLCC, memory, semiconductor, and PCB concepts leading the gains.June 9th - Oil-themed LOFs retreated, with Southern Crude Oil LOF falling over 5%, Harvest Crude Oil LOF falling over 4%, and Oil Fund LOF, Huabao Oil & Gas LOF, and Oil LOF all falling over 3%.On the morning of the 9th, CCB Energy and Chemical Futures ETF fell nearly 2%, while Guolian An SSE Commodity ETF and Guotou UBS Silver Futures (LOF) fell slightly; commodity funds such as Huaxia Feed Soybean Meal Futures ETF, Dacheng Nonferrous Metals Futures ETF, and Southern Shanghai Gold ETF rose slightly, while Qianhai Open Source Gold ETF rose more than 1%.As of 09:30 Beijing time, WTI crude oil futures fell 0.49%, while US natural gas futures remained unchanged.

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.

Suggestion