EUR/USD 1.16458
0.406%
Gold 4675.40
2.042%
Oil 59.363
0.176%
USD/JPY 158.046
-0.016%
GBP/USD 1.34304
0.380%
GBP/JPY 212.265
0.362%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Finnish President Stubb: I don’t believe the United States will take military control of Greenland.Eurozone finance ministers have selected Vujicic to succeed Guindos as vice president of the European Central Bank, with his term beginning on June 1.NATO Secretary General Rutte: NATO will continue to work with Denmark and Greenland on security and capacity investments.According to AXIOS: BlackRock CEO Larry Fink warned in Davos that capitalism must evolve.January 20th - According to the Associated Press, Federal Reserve Chairman Jerome Powell will appear before the U.S. Supreme Court on Wednesday for oral arguments regarding Federal Reserve Governor Tim Cook. This is an unusual public statement and show of support from the head of the U.S. central bank. The Supreme Court is hearing whether President Trump has the right to dismiss Cook, who was appointed by former President Biden. Sources familiar with the matter revealed that Powell plans to attend Wednesdays hearing. This is Powells most public and direct support for Cook to date; Trump had attempted to remove Cook from office as early as the end of August last year. Previously, Powell revealed that the Trump administration had subpoenaed the Federal Reserve and threatened to bring unprecedented criminal charges against him. In a video statement released on January 11th, Powell condemned these subpoenas as mere "pretexts," the real purpose of which was to force him to significantly lower the Federal Reserves benchmark interest rate.

Stock Markets Break 50 Day EMA

Alice Wang

Jul 21, 2022 15:45

微信截图_20220721151813.png

Technical Analysis of the S&P 500

On Wednesday during trade, the S&P 500 raised its head over the 50 Day EMA, which is obviously a little success. Since there was a lot of noise between this level and the 4000 level, I believe it makes some sense that there was some hesitancy. However, I believe we have a good chance of reaching close to the 4100 level if we can break over the 4000 mark.


Looking at this chart, it would be very negative indeed if we were to reverse course and drop below the 3900 level, indicating that possibly the breakthrough was a false one. However, if we do rally, I believe we will continue to "climb the wall of anxiety" in an upward direction. Position sizing will be essential since, in any case, I believe the only thing you can probably bet on is a lot of loud behavior. It will be fascinating to see how this develops over time given that this is a violent short-covering rally.


Given the abundance of bad news now available, any collapse will likely gain a lot of momentum.


However, markets cannot continue to decline indefinitely, so this relief rally does have some logic. I believe we are in a position where we must see this through the lens of the longer-term probabilities, which continue to lead to reduced pricing over the long run. Whether or not it is a sustainable rally is an entirely separate thing. There may also be some short covering since the Federal Reserve will meet the following week.

Suggestion