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June 28 – The U.S. Ambassador to the United Nations stated that our actions will continue as needed to destroy Iranian infrastructure used to control the Strait of Hormuz. If Iran believes Trump will stand idly by while he attacks shipping and our bases, it is mistaken. Iran must either choose to be a responsible nation or continue down a path of destruction.On June 28, local time, Russian President Vladimir Putin stated at the United Russia party congress that Russia is currently at a critical juncture. The West cannot defeat Russia on the battlefield and therefore attempts to destabilize Russias domestic situation will ultimately fail. Russia will firmly defend its fundamental interests. Putin stated that Russia has adjusted some development goals according to the actual situation, but all strategic plans will be fully realized. The security of the country and its citizens, as well as the inviolability of Russias borders, will be guaranteed. Putin stated that the State Duma (lower house of parliament) elections will be held strictly in accordance with the law within the established timeframe. He will instruct relevant departments to take measures to ensure the safe conduct of the elections and prevent attempts at external manipulation.U.S. Homeland Security Secretary Mullin: Immigrants with temporary protected status should seek permanent status or return to their country of origin.Russian President Vladimir Putin: Special operations forces are Russia’s true elite force.Russian President Vladimir Putin: Russia is going through a difficult period, but it has taught us a lot.

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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