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A fire has broken out at an oil refinery in Russias Bashkortostan and firefighting is underway, with the production site suffering minor damage, the regional governor said.British retailer Sainsburys confirmed it is in discussions to sell its Argos subsidiary to JD.com (JD.O).The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.

S&P 500 Price Forecast – Stock Market Rallies Again On Election Day

Steven Zhao

Nov 09, 2022 16:58

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Technical Analysis of the S&P 500

The S&P 500 experienced a big rally during Tuesday's trading session to surpass the 50-Day EMA. Although the 50-Day EMA is a popular signal, I believe that many traders are currently focusing on the upcoming US elections as the day's key event. In the end, the market is hoping for a stalemate in the US Congress, which would mean less regulation. Having said that, I believe that sooner or later reality may come in and the downward trend may continue.


We would reenter the previous consolidation region we had observed if we broke down below the 3800 mark. It's likely that we might decline to the 3600 level if we break down below the 3700 level, which marked the bottom of the most recent slump. All other things being equal, I believe that this market will continue to be very volatile, and moving forward, we might see a small "hopium" rally. If we were to break over the most recent high, then we could look at the 4000 level.


The 200-Day EMA, a longer-term trend indicator, is similarly drawn to the 4000 level above. However, I believe that we will soon begin to plummet once more, therefore the next day or two might be quite important. Since I have no desire to purchase this market, it is likely that there will be much chop and volatility in the future. Consequently, regardless of your choice of direction, you should maintain a manageable position size.

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