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Official footage shows that Isars unmanned space rocket has been launched from its base in Norway.The Israeli military stated that due to a misidentification, it fired an interceptor missile at its own drone in the Gaza Strip. The incident is under investigation, but no injuries were reported.On September 6th, Al Jazeera reported that a senior Iranian lawmaker confirmed that Iran had attacked a US warship with ballistic missiles. Hassan Ghashgavi, a member of the Iranian Parliaments National Security Committee, stated, "Yes, we fully confirm this. We are engaged in a life-or-death struggle with the United States. Their military action naturally violates all international law," adding, "Because the United States is far away from us, it doesnt consider this war a matter of life or death." When asked about Iran changing the rules of engagement, Ghashgavi stated that "this blockade should never have existed," pointing to the now-expired memorandum of understanding. "Four days ago, the Iranian president stated at the Bishkek summit that we were ready to return to the negotiating table, but US officials ignored this and instead continued to escalate and strengthen the blockade."On the evening of the 5th local time, the Iranian Islamic Revolutionary Guard Corps Navy stated in a statement that "US forces, out of desperation due to the blockade of the Strait of Hormuz, attacked three Iranian oil tankers, causing damage." In response, the Iranian Islamic Revolutionary Guard Corps Navy struck three oil tankers and three vessels linked to the United States in the Strait of Hormuz. The Revolutionary Guard Navy warned that all vessels in the Persian Gulf should avoid navigating illegal waterways, otherwise they will become targets. As of now, the US has not confirmed this.According to The Times, Irish Prime Minister Michael Martin will urge US President Donald Trump to end the conflict with Iran when he meets with him next Saturday.

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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