EUR/USD 1.16890
-0.080%
Gold 4757.22
-0.173%
Oil 91.883
-0.057%
USD/JPY 159.143
0.106%
GBP/USD 1.34254
-0.071%
GBP/JPY 213.660
0.053%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans corporate goods price index rose 0.8% month-on-month in March, below the expected 0.9% and the previous reading of -0.10%.Japans corporate goods price index rose 2.6% year-on-year in March, below the expected 2.4% and the previous reading of 2.00%.Apple (AAPL.O) will close its retail store in Towson, Maryland, on April 10th. The store has garnered attention in recent years for becoming a focal point for a rare employee-led unionization movement. Apple announced Thursday that the store, located in the local shopping mall, will permanently close in June, and no new store will be built to replace it. In a statement, Apple said the closure was due to the departure of several retailers from the mall and its continued declining business performance, calling it a difficult decision.A spokesperson for the U.S. Department of Defense stated that the department intends to appeal the federal judges new ruling. Previously, a U.S. judge ordered the Department of Defense to enforce its ruling restoring media access rights, effectively declaring the Department of Defenses press policy unconstitutional.1. Sources say Anthropic is considering developing its own chips. 2. xAI files lawsuit against Colorados new AI bill. 3. Samsung will invest $4 billion in Vietnam to build a chip packaging plant. 4. HarmonyOSs March retail sales figures for new energy passenger vehicles revealed: 26,582 units sold in a single month. 5. Tesla is developing a new, smaller, and more affordable electric SUV. 6. China Passenger Car Association: March 2026 national passenger car retail sales reached 1.648 million units, a year-on-year decrease of 15.0%. 7. Omdia: Q1 global PC shipments increased by 3.2% year-on-year, but rising memory and SSD prices squeezed full-year profits. 8. New regulations on internet platform pricing will take effect tomorrow: three departments require strict regulation of subsidy practices and a firm curb on vicious price competition.

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