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July 19th - According to Axios, US military officials stated that two US service members were killed and several others injured in an Iranian ballistic missile attack on a Jordanian airbase on Saturday. This attack marks the first US military deaths since the conflict resumed two weeks ago. It also brings the total number of US military deaths in this round of the war to 16. It is reported that Iran launched at least two ballistic missiles on Saturday, hitting the Mowafak Salti airbase in Jordan. This base houses US troops and fighter jets.U.S. Central Command: Two U.S. service members were killed in Jordan on July 17, and another U.S. service member is missing.July 19th - A study released on the 18th by the Italian Confederation of Business, Tourism and Services Businesses indicates that with increasingly frequent extreme weather events, prolonged heatwaves could cause Italy economic losses of €6 billion to €12 billion (approximately RMB 46.5 billion to 93 billion) annually. The report points out that if Italy experiences 30 to 60 days of extreme heat each year, businesses will face multiple pressures, including rising energy costs, decreased labor productivity, forced increases in adaptive investments, and reduced turnover. High temperatures will also alter consumer and tourism habits, further impacting the commerce and tourism sectors.On July 19th, local time, on the evening of July 18th, Iranian Supreme Leader Mojtaba Khamenei stated that the United States repeated violations of the Islamabad Memorandum of Understanding (Iran-US Memorandum of Understanding) once again proved that the signature of the US president was "worthless and invalid." In a statement, Khamenei emphasized that the US actions exposed "bullying, power politics, and barbarity" as integral parts of American behavior and style. He stated that the US "has once again revealed its true and undisguised face. This dark experience filled with evil and treachery has once again become irrefutable evidence of the USs hypocrisy, unreasonableness, breach of trust, and despicable nature. Iran and the resistance have left the US with unforgettable lessons."The UK Maritime Trade Operations Office has received a report of an incident involving a merchant vessel and military forces approximately 100 nautical miles east of Duqm, Oman. The report indicates that the tanker was affected by ongoing military activity in the area.

S&P 500 Price Forecast – Stock Markets Pull Back Zone of Interest

Cory Russell

Jul 27, 2022 14:31

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Technical Analysis of the S&P 500

As the market appears to be preparing for the Federal Reserve meeting on Wednesday, the S&P 500 has been drifting lower during Tuesday's trading session. But to be completely honest, everything right now revolves around the interest rate increase and, of course, the statement that follows the announcement. The remark can provide us with a little "heads up" as to where to go next. The 3900 level is a previous resistance barrier and, of course, a big, round, psychologically significant number, so I believe that at this point we need to keep an eye on it.


On the plus side, since it is a sizable, round, psychologically meaningful number and a level that we had previously attempted to break above, the 4000 level will be a place that people closely monitor.


The market may aim for the 4200 level if we can rise beyond that. I believe everything aligns at that point because the 200 Day EMA is also present at the 4200 level. The market is currently in a positive trend above that level and will continue to be "buy on the dip."


On the down side, if we do keep going, we might reach the 3800 level, which is a big, round number with psychological significance and a place where there has been some noise in the past. The 3700 level then enters the picture following that. I do think that over the course of the next few days, we should have a lot more information.

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