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On September 14th, local time, Robert Brovdi, commander of Ukraines unmanned systems forces, announced on his official social media platform that Ukrainian drone and special operations forces had carried out a strike on the Kirish refinery in Leningrad Oblast, Russia. Leningrad Oblast Governor Drozdenko announced on the 14th that Russian air defenses had shot down four drones in Leningrad Oblast. The wreckage of the downed drones caused a fire within the Kirish refinery complex. The Kirish refinery is one of Russias five largest refineries, with an annual production capacity of approximately 20 million tons, primarily producing high-octane gasoline and various fuels.Ukrainian military: Ukraine attacked Russias Kirishi oil refinery.Ukrainian Navy: On the night of September 11, Ukrainian Navy forces attacked a communications node at the 184th Scientific and Experimental Base of the Russian Black Sea Fleet in Sevastopol, Crimea. The communications node is responsible for command and control of the Russian Black Sea Fleets forces.On September 14th, the immigration issue continued to tear British society apart. On September 13th, local time, two opposing demonstrations broke out simultaneously in central London. Over 100,000 people participated in an anti-immigration rally organized by the far right, while approximately 5,000 people participated in an anti-racism demonstration. To maintain order and separate the two groups of protesters, London police deployed over 1,000 officers to create a "quarantine zone." At the scene, physical clashes broke out between the anti-immigration demonstrators and police.According to the Financial Times on September 14, Tesla Chairwoman Robyn Denholm defended her decision to award Musk $1 trillion in stock options, calling him a "unique" CEO who must have exerted extraordinary effort and achieved "seemingly impossible goals" to earn this historic award. Denholm said in an interview: "To achieve the vision and goals weve set, hes going to have to invest an extraordinary amount of time, energy, and effort. This is by no means a walk in the park. This is an extremely ambitious project... If he can pull it off, hes entitled to an unprecedented reward." Denholm also defended the boards "hands-off" approach to Musks controversial political stances, emphasizing that he enjoys freedom of speech and possesses the unique qualities Tesla needs.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.

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