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Bahrain says its air defense system has destroyed 73 missiles and 91 drones, all launched by Iran, since the start of the war.A spokesperson for the UAE Ministry of Defense said the Iranian attack killed three people and injured 68 others.Ireland has nominated European Central Bank Governing Council member Makhrouf to be reappointed as Governor of the Central Bank of Ireland.On March 3rd, Li Jihui, a National Peoples Congress deputy and vice president of the Guangdong Provincial General Chamber of Commerce, stated that Guangdong is a major consumer province with a large consumer population, and its consumer subsidies have achieved good results, effectively stimulating consumer enthusiasm. He suggested continuing to optimize and implement consumer subsidy policies, such as allocating trade-in subsidies to provinces with faster spending and higher impact ratios, supporting major consumer provinces to expand and strengthen trade-in programs, and driving the upgrading and optimization of consumer goods nationwide. He also mentioned that promoting consumption should focus on exploring emerging fields, such as the low-altitude economy and aviation sports, which are gradually becoming new growth points. He suggested that Guangdong should orderly open up low-altitude consumption pilot programs, take the lead in building a low-altitude consumption service system, and cultivate a related industrial ecosystem.A spokesperson for the UAE Ministry of Defense stated that most of the 186 missiles launched by Iran to date have been intercepted.

S&P 500 – The Stock Market Continues to See Massive Volatility

Jimmy Khan

May 12, 2022 10:18

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The S&P 500 has fluctuated throughout the trading day, indicating that there is still a lot of volatility. The CPI data in the United States were higher than expected, which sent the market into chaos.

Technical Analysis of the S&P 500

After the CPI statistics were released, the S&P 500 went all over the place during trading on Wednesday. They were hotter than expected, so it's understandable that the markets are trying to figure out what to do about it. As a result, we continue to witness a lot of erratic behavior, particularly because the 4100 level above marks the start of a large resistance barrier that will be tough to break and continues to the 4150 level.


Short-term rallies will be marketed into signs of tiredness, and I am more than happy to jump all over it. If we break over the 4150 handle, the next key resistance level is the 4300 level above. There is a lot of noise all the way up to that region, so I don't believe getting it extended will be simple.


Below that, the market is likely to regard the 3900 level as a support level, and we might break down below there and open the market up to the 3800 level. In the end, I believe this is a market where, given enough time, you will continue to see a lot of selling pressure, and purchasers will likely continue to be stymied at every opportunity. I have no intention of purchasing this market in the near future.

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